Aisha S Gani

Goldman Sachs Asset Management is leading a €1.5 billion ($1.6 billion) private credit loan package for London-based card reader maker SumUp Payments Ltd., people with knowledge of the matter said.

Capital still takes lion's share of venture funding, even after years of ‘levelling up' policies.

British lender Iwoca has secured £270 million ($337 million) in a debt raise led by Wall Street firms to boost its international expansion.

British lender Iwoca has secured £270 million ($337 million) in a debt raise led by Wall Street firms to boost its international expansion.

British banking app Revolut Ltd. launched its UK crypto exchange, expanding in the digital-assets space after prices recovered in the past year.

(Bloomberg) -- Monzo Bank Ltd. raised funds that valued the British startup at $5.2 billion, giving it more power to take on rival fintechs in new markets like the US.

When so-called BNPL — buy now, pay later — apps took off at the start of this decade, their appeal was easy to understand, since buying stuff is always easier if you don't have to put up all the money right away. Their target audience was also pretty clear — Gen Zers and Millennials who enjoyed making impulse purchases but who disliked credit cards. These days, retirees and others on fixed incomes have become some of the fastest growing users of the apps, and high interest rates have killed off some entrants into the field. What hasn't changed? A lot of uncertainty over how BNPL companies can make money in the long run, and whether they're actually providing a cheaper alternative to credit cards or just a new way to lure borrowers into unwise levels of debt.

The payments industry is pushing back against the UK's plans to force firms to reimburse scam victims, saying the maximum refund of £415,000 ($520,760) is “simply not proportionate” and could damage smaller fintechs.

Chancellor to meet firms at grace-and-favor Dorneywood home Ministers are concerned about London losing out in IPO revival

(Bloomberg) -- HSBC Holdings Plc is rolling out accounting and tax tools for its small UK business customers, who will soon have to give the government a lot more information on their finances.