Nikolay Storonsky, founder and CEO of Revolut. Harry Murphy | Sportsfile for Web Summit via Getty Images Financial technology giant Revolut reported its first-ever annual profit in 2021, according to ...
Tag: Wise PLC
$6.6 billion-worth fintech Wise accused by rival of harming competition
The Wise logo displayed on a smartphone screen. Pavlo Gonchar | SOPA Images | LightRocket via Getty Images Wise has been accused by a rival fintech company of undermining competition in the money tran...
Richard Branson takes stake in Lightyear, Europe’s answer to Robinhood
The Lightyear app. Lightyear Lightyear, a European challenger to trading platform Robinhood, has raised $25 million of funding in an investment round backed by British billionaire Richard Branson. Sil...
FCA investigates Wise CEO Kristo Kaarmann over tax default
Kristo Kaarmann, CEO and co-founder of Wise. Eoin Noonan | Sportsfile | Getty Images The CEO of £3.9 billion ($4.8 billion) fintech firm Wise is being investigated by U.K. regulators after tax authori...
Rival fintechs Revolut and Wise are still recruiting
Nikolay Storonsky, founder and CEO of Revolut. Harry Murphy | Sportsfile for Web Summit via Getty Images Not all fintech unicorns are cutting jobs. After Klarna announced plans to lay off 10% of its w...
Singapore fintech Nium plans aggressive expansion in Europe
Europe’s fintech sector is fiercely competitive, with privately-held start-ups worth tens of billions of dollars vying to steal market share from incumbent banks. Oscar Wong | Moment | Getty Ima...
WeTransfer cancels IPO due to stock market volatility
The WeTransfer logo on a smartphone. Gabby Jones | Bloomberg via Getty Images LONDON — The stock market has gotten a little too volatile for WeTransfer’s liking. The Dutch file-sharing company s...
Meet the ‘Covid expats’ who moved overseas during the pandemic
Jasmina007 | E+ | Getty Images LONDON — Moving overseas might not seem like the most obvious thing to do during a pandemic, but for many people, Covid-19 provided the nudge they needed to take the plu...