AltFi - Economy

Farewell from AltFi - AltFi

“Maybe we can acquire Monzo” - An interview with Lunar’s CEO Ken Villum Klausen - AltFi

A push for profitability in 2023 has brought about a surge in revenue generation for one of Europe’s leading neobanks

WealthKernel further extends Series A by £6m - AltFi

With this latest capital injection, WealthKernel is looking to capitalise on European demand for investment infrastructure

Current Account Switch Service celebrates 10 million switches since launch - AltFi

While Q4 2023 was a record month for switching, it seems neobanks are being overshadowed by their high street rivals

5 of the most promising fintechs in the UK - AltFi

Amply's Amanda Kavanagh spotlights five UK fintechs to watch in 2024

Mondu secures €30m to double down on European expansion - AltFi

The debt funding brings VVRB’s investment in Mondu to €50m

Moneyhub first to integrate Kroo, Co-op Bank and Smile Bank open banking connections - AltFi

The data and payments fintech provides open banking, open finance and open data solutions to thousands of institutions in the UK

The fight back: How incumbent banks are responding to the challenger threat - AltFi

In a departure from earlier experiments, incumbent banks may finally be pursuing a more practical, results-based approach to innovation

Exclusive: Revolut expands international transfers with launch of ‘Mobile Wallets’ - AltFi

Users can now send money abroad using only their recipient’s name and their phone number or email address

Bunq: The Revolut challenger for digital nomads that’s taking Europe by storm - AltFi

Bunq started life as a bootstrapped endeavour by serial entrepreneur Ali Niknam. On the back of a sharp focus on its users’ needs and desires, it has now evolved into the flagbearer for Dutch fintech. But what’s next?

Fintex Capital expands mezzanine funding to ThinCats - AltFi

An extra £5m funding line taking ThinCats’ total support from Fintex Capital to £12m

Plural launches €400m fund for Europe's innovative founders - AltFi

The platform has all eyes on Europe with 26 investments in the last 18 months

Starling Bank pushes for growth with new brand platform - AltFi

The bank is “edg[ing] closer to IPO” and has ambitious growth plans for 2024

Exclusive: 11:FS to launch fintech VC fund led by Fronted founder Jamie Campbell - AltFi

“The best financial services startup incubator in the world.”

Nova Credit looks to help Ukrainian refugees access credit data - AltFi

Some 840,000 Ukrainians have fled to the US, UK and Canada, where they’ve struggled with a lack of credit history

Dutch BNPL Billink raises €29.5m to take on Klarna - AltFi

The fintech will expand to Germany and broaden its range of shops on offer with the new funds

Wise lifts 2024 guidance as customer growth accelerates - AltFi

Active customers rose 30 per cent in the last year to over 7.5 million

N26 launches stocks and ETF trading feature - AltFi

The bank continues to expand its product suite as it refocuses on its core European markets

Payhawk secures UK e-money licence and expands top team - AltFi

The UK operations will be led by new Payhawk UK CEO Pedro Batista

Plum launches ‘Spend Tracker’ feature to make budgeting easier - AltFi

The new feature for tiered members comes as part of a wider redesign of the app’s spend section

Insurtech unicorn Zego launches business van insurance - AltFi

The tailored solution for van drivers sits alongside a range of delivery, business and courier insurance products

10x Banking raises £35m from existing investors - AltFi

The fintech has also hired a new chief revenue officer from Featurespace

Number of SMEs switching banks using CASS hits 10-year low - AltFi

SME-focused fintech Allica Bank has launched a new business current account to encourage small businesses to switch

CAB Payments moves to reassure investors after profit warning - AltFi

The payments firm now says total income for 2023 will be up 25 per cent

FCA warns P2P lenders and crowdfunding platforms - AltFi

The UK financial regulator has fired shots across the bows of a number of fintechs offering equity crowdfunding and peer-to-peer lending

ClearBank recruits new group heads of embedded banking and channels and alliances - AltFi

Bringing even more senior executives into the ClearBank fold ahead of its European expansion

ThinCats reports 2023 lending up 31% to reach new record - AltFi

Over £395m lent to SMEs throughout the course of the year

Fintech VCs’ predictions for 2024 - AltFi

Fintech underwent a tough period in the first half of 2023 followed by a tentative and budding recovery in the second half Here's what investors are expecting this year

Car finance fintech Carmoola accelerates growth with £15.5m raise - AltFi

The new funds drive Carmoola’s total funding to date to £146m

CapitalRise secures £250m bank funding line - AltFi

The fifth and largest funding facility CapitalRise has ever secured

The (fintech) 'Goldwomen' hiding in plain sight - AltFi

Banks are searching far and wide for their next big fintech. But have the solutions been under their noses the whole time? Goldman Sachs’ alum of female fintech founders is impressive

Scotland’s fintech sector has grown its headcount by 24% in two years - AltFi

An extra 2,000 roles have been added to the country’s fintech sector since 2021

Metro Bank CFO James Hopkinson to leave after less than two years - AltFi

Former OakNorth Bank CFO Cristina Alba Ochoa will act as interim CFO until a permanent replacement is found

TrueLayer first to join SEPA Payment Account Access Scheme - AltFi

SPAA was set up in 2021 to drive ‘open payments’ in the EU

Lemonway hits profitability after doubling revenues - AltFi

Lemonway has become the latest European fintech to join the profitability club

NatWest ventures into intellectual property-based lending - AltFi

The high street bank is partnering with Inngot to provide scale-ups with the chance to raise funds against unconventional assets

SEC approves physical bitcoin ETF in the US - AltFi

Some 11 bitcoin ETFs are set to launch

Revolut’s “secret sauce” HR platform sees over 300 firms join waiting list - AltFi

The tool has been used to grow Revolut to over 7,500 employees while reviewing 1.4m job applications annually

Can generative AI tools help you to get a new job in 2024? - AltFi

If you're starting the new year looking for a new job, generative AI could be a friend not a foe in your job hunt, Amply's Kirstie McDermott writes

Payments fintech Rivero secures $7m Series A - AltFi

The Swiss fintech specialises in digitalising and automating payment processes