Octopus to increase ownership stake in Seccl, co-founders David Harvey and Hugo Thorman set to depart
Octopus originally acquired the company back in 2019 in a £10 million deal.
Octopus originally acquired the company back in 2019 in a £10 million deal.
Bevan applied for a banking licence last May, with plans to provide mortgages for public sector workers.
The start-up’s app helped parents invest and plan for their children’s financial futures.
The pair expect to close the all-cash transaction in April.
The investor has owned 21% of Monese since leading its $60 million Series B round back in 2018.
Wealthify’s new instant savings account will offer an interest rate of 4.91% AER / 4.80% gross.
Cockburn says he has decided to “step back from the role and embark on a new challenge”.
JM Finn has also appointed Andrew Dunkin as its new head of projects.
The job openings are within HSBC’s digital business services unit and ventures, innovation and partnerships team.
Mouilleron will remain a board member and shareholder at Bankable.
The UK-based fintech says the hire marks its latest effort to “spearhead rapid global expansion”.
Alba has named former Bank North co-founder and CEO Jonathan Thompson as its new acting CEO.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Barclays says it will “welcome approximately 2,800 Tesco colleagues” as part of the deal.
Thought Machine says PayU was able to migrate LazyPay to Vault Core in just 12 months.
The fintech has been licenced to operate in Europe since 2022.
The bank also plans to renovate more than 1,700 existing locations across the US.
Elliott-Gross has been appointed as Wise’s global director of product compliance this month.
Reuters reports that the deal could potentially value Onfido at around $650 million.
Metamaze’s AI-powered tech is capable of automating data extraction from a range of document types.
Despite his successful endeavours, Ainsworth writes that “it’s now time for something else”.
Dancerace says its tech will make it easier for Aussie businesses with unpaid invoices “to receive their cash faster”.
Fyfe joins UTB from Hinckley & Rugby Building Society, where he was CEO for over five years.
Old Mutual will leverage 10x’s core banking tech to “serve those who have bank accounts but are severely underserved”.
The potential move would see TCS replace Mastercard’s Vocalink as the service’s technology partner.
Haines has joined Santander’s Payments Centre of Excellence as product owner, effective this month.
Anthony Hyams and Kelly Knight of Insolve Plus were installed on 23 January to liquidate the fintech.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Prance has been promoted to help “meet the evolving needs of the self-employed community”.
The proposed platform is set to arrive in the summer, along with a new client mobile app in Q2.
The move comes as part of a £1 million investment by Offa to upgrade its IT systems.
Douglas Pinteau and Dermot Coakley of WSM Marks Bloom LLP were instated as joint liquidators on 16 January.
Reevo Money was launched by Amplifi Capital in 2022 and is the firm’s second customer-facing brand.
Kriya aims to use the facility to enhance its offerings for B2B retailers.
Founder Derek Stewart says Paysme is “not in a sufficiently strong financial position to grow to the next milestone”.
The bank says Khan will work to develop and cultivate “green digital banking solutions”.
The deal will enable YouLend to provide additional revenue-based financing to SMEs.
Making life difficult for fraudsters but easier for business is the real success story, says SurePay.
Campbell is due to depart the company this quarter to take “some personal time out”.
Following a reported net profit of €53.1 million in 2023, Bunq has now applied for a UK EMI licence.