European VC Funding Down to $45B in 2024
Startups across the European region are projected to raise $45 billion from VC sources in 2024, a slight drop from the revised $47 billion in 2023.
UK
JPMorgan UK Digital Bank Reportedly Introduces First Credit Card
The media reports that the digital bank, which is based in the United Kingdom and at the same time is part of the ownership structure of JPMorgan Chase, the largest financial institution in the United States by assets, presented its first credit card.
Revolut to Launch Licensed Stock Trading in UK, EU
Revolut received a trading license from UK financial authorities, allowing it to compete with established trading platforms in the region.
Fintech Zopa Aims to Double Profit
Digital lender Zopa, headquartered in London, is currently on track to double profits and to the growth of annual revenue by more than a third in 2024.
Share Energy Customers Can Top Up Energy Bills at PayPoint
Northern Ireland electricity supplier Share Energy partnered with PayPoint – a business offering a system for paying energy bills at local convenience stores.
UK Fintech Firm Wise Posts Jump in Profit
The United Kingdom-based fintech company Wise, which specializes in providing digital payment services to consumers, reported profit growth in the first half of the 2025 fiscal year.
Klarna Collaborates With John Lewis & Partners
Klarna has partnered with John Lewis & Partners to offer its “Pay in 3” BNPL service, allowing customers to spread payments over 60 days with no interest accrued.
Affirm Rolls Out BNPL Services in UK
Flexible payment network Affirm introduced its BNPL services to customers in the UK marking its first European expansion.
The Multi-Income Revolution: Navigating a New Era of Work in the UK
In the UK, the traditional nine-to-five job is no longer the be-all and end-all for a growing number of workers. Instead, the modern workforce is embracing a more diverse and adaptable approach to earning a living: juggling multiple jobs, side hustles, and entrepreneurial ventures. These “Multi-Income Individuals” (Miis) are rewriting the rules of work, blending […]
Klarna Launches UK Gift Card Store
Klarna has announced the opening of the Gift Card Store, which was developed in partnership with a global branded payments provider Blackhawk Network.
Barclays Reports Q3 Earnings
Barclays on Thursday, October 24, released information on the results of its operations in the third quarter of the current year.
Mastercard Launches Move Commercial Payments for Near Real-Time Cross-Border Transactions
The newly introduced Mastercard Move Commercial Payments solution is designed to streamline operations, enhance liquidity management, lower counterparty risk, and offer comprehensive visibility for banks and their clients.
Klarna Now Available at Checkout on Apple Pay
Users checking out on Apple Pay online and in apps with iPhone and iPad on iOS 18 and iPadOS 18 or later can now leverage all the benefits of Klarna flexible payment options.
Why Is Cash Still King in Most Parts of the World?
While some countries are consistently moving towards cashless economies, cash remains prevalent over other payment methods in several regions globally. What are the reasons for such persistence and what can be done to finally move cash from its pedestal?
UK Inflation Drops
In September, the United Kingdom recorded a sharp decrease in the inflation rate.
UK Economy Returns to Growth
In the United Kingdom, the local economic system has returned to a growth trajectory, which put UK Prime Minister Keir Starmer on track for a modest recovery before worries about his first budget became a factor of pressure on sentiment.
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