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Financial Results 3 | Fintech InShorts: Latest fintech news, analysis by experts
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Sunday, December 22, 2024
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Tag: Financial Results

HSBC reportedly writes off remaining $5.8m stake in UK fintech Monese

Banking Laura M -
HSBC Holdings has written off its remaining 5.4% stake in UK-based fintech Monese. HSBC acquired a minority interest...

Payments infrastructure start-up Kevin reportedly declared insolvent by court in Lithuania

Banking Laura M -
The Vilnius District Court in Lithuania has declared the payments infrastructure start-up Kevin insolvent. A bankruptcy case has...

Revolut becomes Europe’s most valuable private tech firm after $500m employee share sale

Banking Laura M -
New Valuation: Revolut has become Europe’s most valuable private tech company, now valued at $45 billion after a...

UK challenger Oxbury Bank announces first full year of profitability

Banking Laura M -
Oxbury Bank Achieves Profitability: Key PointsProfitability Milestone:Achieved profitability in under three years since launch. Reported a pre-tax...

Revolut announces record $545m profit for 2023

Banking Laura M -
Revolut Annual Financial Report 2023: Key PointsRecord Financial Performance:Revenue Growth: Revenue surged by 95%, from $1.1 billion...

Allica Bank reports first full year of profitability after revenues double

Banking Laura M -
Allica Bank's Financial Performance:Allica Bank, a UK challenger bank lending to SMEs since 2020, reported its first...

US neobank Dave achieves profitability over Q4 2023

AI Laura M -
Dave Neobank Achieves First Quarterly Profit:Profitability Milestone:Los Angeles-based neobank Dave has achieved its first quarterly profit in...

New York Community Bancorp secures $1bn equity boost following Q4 2023 losses

Banking Laura M -
New York Community Bancorp (NYCB) Raises $1.05 Billion:Equity Capital Raise:NYCB, the parent company of Flagstar Bank, is...

Deutsche Bank to cut 3,500 roles over two years amid €2.5bn savings drive

Banking Laura M -
Deutsche Bank plans to cut approximately 3,500 jobs over the next two years as part of its €2.5...

Jack Dorsey’s Block lays off staff across Cash App, Square and foundational teams

Banking Laura M -
Block, a San Francisco-based payment solutions specialist, is implementing job cuts across its Cash App, Square, and foundational...

Citigroup to cut 20,000 jobs over two years after Q4 downturn

Banking Laura M -
Citigroup Job Cuts: Citigroup plans to cut around 20,000 jobs by 2026. Q4 2023 Performance: In the fourth...

UK fintech funding fell 63% in 2023, new Tracxn report finds

Banking Laura M -
Funding Decline: Fintech funding in the UK experienced a significant decline for the second consecutive year, dropping by...

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FTC Challenges Neobank Dave Over Deceptive Marketing and Hidden Fees

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The Federal Trade Commission (FTC) has filed a...

Bank of New Zealand Acquires BlinkPay to Boost Open Banking Solutions

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Bank of New Zealand (BNZ) has acquired Auckland-based...

FE Fundinfo Acquires Matterhorn to Enhance AIFMD Reporting Services

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FE Fundinfo has acquired Matterhorn Reporting Services to...

MAS’ Project Guardian: Swift, UBS, and Chainlink Achieve Tokenized Fund Settlement Pilot

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The Monetary Authority of Singapore's Project Guardian has...

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