Banking
HSBC reportedly writes off remaining $5.8m stake in UK fintech Monese
HSBC Holdings has written off its remaining 5.4% stake in UK-based fintech Monese.
HSBC acquired a minority interest in Monese for £35 million...
Banking
Payments infrastructure start-up Kevin reportedly declared insolvent by court in Lithuania
The Vilnius District Court in Lithuania has declared the payments infrastructure start-up Kevin insolvent.
A bankruptcy case has been opened, with IS Group...
Banking
Revolut becomes Europe’s most valuable private tech firm after $500m employee share sale
New Valuation: Revolut has become Europe’s most valuable private tech company, now valued at $45 billion after a secondary share sale.
Employee Benefits:...
Banking
UK challenger Oxbury Bank announces first full year of profitability
Oxbury Bank Achieves Profitability: Key PointsProfitability Milestone:Achieved profitability in under three years since launch.
Reported a pre-tax profit of over £3 million...
Banking
Revolut announces record $545m profit for 2023
Revolut Annual Financial Report 2023: Key PointsRecord Financial Performance:Revenue Growth: Revenue surged by 95%, from $1.1 billion in 2022 to $2.2 billion...
Banking
Allica Bank reports first full year of profitability after revenues double
Allica Bank's Financial Performance:Allica Bank, a UK challenger bank lending to SMEs since 2020, reported its first full year of profitability.
Revenues...
AI
US neobank Dave achieves profitability over Q4 2023
Dave Neobank Achieves First Quarterly Profit:Profitability Milestone:Los Angeles-based neobank Dave has achieved its first quarterly profit in Q4 2023, almost eight years...
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