MYSTERIOUS: 40 - What They Never Told You

London fintech Checkout.com sees valuation plunge to $11 billion

The Shoreditch-based business had been valued at as much as $40 billion in January

Evening Standard · Dec 13, 2022

Congress Has a New Scapegoat for COVID Fraud: Banking Apps

Fintech platforms facilitated fraud in the Paycheck Protection Program, according to a new congressional report.

Reason · Dec 12, 2022

FTX collapse shakes up Chicago crypto market, where its US trading platform was going to be the next big thing

CHICAGO — When the FTX.US headquarters opened in a gleaming new Fulton Market tower in May, Mayor Lori Lightfoot and her retinue stopped by to officially welcome the cryptocurrency exchange to Chicago, a city positioning itself as a financial center for the booming digital assets.

Chicago Tribune · Dec 12, 2022

A congressional report says financial technology companies fueled rampant PPP fraud

Fraud in the Paycheck Protection Program, which gave potentially forgivable loans to small businesses during the pandemic, was largely due to financial technology companies, according to a new report.

WEKU · Dec 6, 2022

Digital payments worth Rs 38.32 lakh crore carried out in July-September 2022 period: Worldline

NEW DELHI: More than 23 billion digital payment transactions worth Rs 38.32 lakh crore were carried out in July-September 2022 through UPI, debit and credit cards, prepaid payment instruments like mobile wallets etc, fintech firm Wordline India said in a report.

The Times of India · Dec 5, 2022

London fintech Zopa bucks layoff trend with new hiring and pay hike

The firm is set to raise minimum salaries more than 20% to £27,000 to attract and retain top tech talent

Evening Standard · Dec 5, 2022

PPP firms gave selves loans, bought Porsche, $8M home, says report on COVID loan fraud

WASHINGTON — Some of the most prolific online lenders in the federal Paycheck Protection Program had remarkably lax fraud protection controls even as they approved billions of dollars worth of loans in the COVID-19 small business relief program.

McClatchy Washington Bureau · Dec 1, 2022

London’s race to the fintech frontier puts it in pole position for attracting start-ups

Survey among ‘unicorn’ firms shows the capital is doing well in the battle for talent

Evening Standard · Nov 30, 2022

London fintech Wise recruits over 1,000 new employees as sales boom

The firm plans to recruit a further 300 roles, of which 100 are London-based

Evening Standard · Nov 29, 2022

Trade department announces first Scottish 'export champions'

The 13 business leaders have been chosen from key sectors, including energy, food and drink and fintech

Insider UK · Nov 28, 2022