Philip Belamant

Monzo Bank Announces First Full Year of Profitability Amid Record Growth and Accelerates International Expansion Plans TS Anil, CEO of Monzo, said: “This was a landmark year of record growth for Monzo. We surpassed 9m personal customers and 400,000 business customers, launched game-changing new products, closed a £500m capital raise and, as planned, reported our first year of profitability. I’ve never believed in the idea that a company has to choose between either being mission-oriented or focused on business outcomes. FY2024 proved Monzo is doing both – and that our strategy of placing the customer at the heart of everything we do is working at scale. We’ve achieved scale, growth and profitability, and we have all the right components to seize the huge opportunity ahead.” https://lnkd.in/eKJ_2GnK #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

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#Fintech #VCNews: 🎉Gideon Valkin, former Monzo Bank and ClearScore leader, investor, and entrepreneur, has just launched Andrena Ventures! 🌟 📈 It is a $12 million solo GP fund, supported by tech’s top founders and #VC leaders. 💼💰 👍 The fund has already reached its first close, with plans for a final close later this year. 📆 💡 This fresh fund aims to back Europe’s most promising #fintech founders, empowering the next wave of tech giants at pre-seed and seed stages. 🌐 Also, Gideon has also announced the fund’s inaugural #investment in Nustom, an #AI-powered software-building startup. 🚀 More details on Andrena Ventures and its mission: https://lnkd.in/g-DsJvdY #venturecapital #vcfunding #news #technews #uktech #investment #fundingnews #technology #investment Sayula Kirby Taavet Hinrikus Sten Tamkivi Filip Felician Dames Christian Meermann Sophia Bendz David Haber Firat Ileri

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Shark Tank fame enterprise tech startup Orbo.ai is selling its AI platform focussed on the banking, financial services and insurance (BFSI) sector, SuperScan, to listed fintech company niyogin Fintech Ltd 👇 Niyogin said its board has approved signing definitive agreements to acquire SuperScan. However, the companies didn’t disclose the acquisition cost. Founded in 2019 by Manoj Shinde 🔹, Md Danish Jamil and Abhit Sinha, Orbo leverages AI to offer a beauty automation stack. It claims the beauty stack gives data insights about facial attributes, skin tone, and various abnormalities, which helps brands recommend hyper-personalised products. Orbo CEO Shinde told Inc42 that the startup decided to sell SuperScan, an AI-powered document imaging, automation, and fraud detection platform, to focus on its offering for the beauty and personal care industry. 🔗 To read more in detail, click here: https://lnkd.in/eSBk4uQe #sharktank #startups #artificialintelligence

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Monzo Bank has reported its first annual profit since launching nearly a decade ago. The London-based fintech has benefited from higher interest rates and growth in transaction fees and subscriptions 👏 Monzo CEO, TS Anil, commented on the news on his LinkedIn: “I’ve never believed in the idea that a company has to choose between either being mission-oriented, or focused on business outcomes. FY2024 proved Monzo is doing both – and that our strategy of placing the customer at the heart of everything we do is working at scale..." 👇 Read more below 👇 #StartupsMagazine #Startups #Entrepreneur #Monzo

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Yapily Partners with mmob to Streamline Open Banking Integration for Businesses of All Sizes Read the full story here: 👇  https://lnkd.in/eumd2jp4 #openbanking #apis #fintech #trendingnews #fintechboostup

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📢 Exciting news! We're Finalists for Tech of the Future at the Fintech Futures Paytech Awards. Good luck to the other finalists and we'll see you at the awards on 28 June! #PayTechAwards #corebanking #bankingtechnology #payments #fintech #datadrivencore #agileinnovation

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Monzo to raise £500m from Hedosophia and other investors Monzo, a leading British fintech group, is finalizing an expanded fundraising round this weekend, which includes investment from prominent global technology investor Hedosophia, known for its early support of Airbnb and Uber. According to Sky News, Hedosophia has agreed to terms to become a new shareholder. City insiders revealed that an announcement could come as early as this week, indicating that Hedosophia, along with Singapore’s Government Investment Corporation (GIC), will participate in a fundraising effort nearing £500m. https://lnkd.in/gh9QcR-N #monzo #digitalbanking #fundraising #fundraisingstories #fintechboostup

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Liberis has advanced over £1billion in funding to SMEs, improving the lending experience while removing much of their back-office admin. To reach this point, they needed a payments partner that could help them build the service they wanted. 🤝 That’s where Modulr came in! 🚀 Read the full case study to find out how: https://lnkd.in/eJWpXuxx #PamyentsUnleashed #LendingPayments #EmbeddedPayments

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🚀 Exciting News from Cashflows! We've officially disbursed over £1M in Merchant Cash Advances to businesses across the UK with our funding partner, Recap! 🇬🇧💷 This milestone is more than just a number – it's a testament to our commitment to supporting SMEs in their growth journeys. Here's how our cash advances have made a difference: ✅ **Quick Access to Capital**: Businesses have leveraged our streamlined process to get funds fast, fuelling immediate growth opportunities without the wait. ✅ **Flexible Repayments**: With repayments tied to sales, our clients enjoy the flexibility to pay more when sales are high and less during slower periods. ✅ **Boost in Cash Flow**: Our advances have helped bridge cash flow gaps, allowing businesses to maintain operations and invest in inventory or marketing without disruption. ✅ **No Collateral Required**: Unlike traditional loans, our merchant cash advances don't require personal collateral, putting business owners at ease. We're proud to be part of the success stories of numerous entrepreneurs and look forward to empowering even more businesses. Here's to the next £1M! 🎉 #MerchantCashAdvance #BusinessGrowth #SMEs #Funding #cashflows

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How have 250 regional FinTechs successfully scaled, and what do we need to do, to create more firms like them? Our CEO Julia Streets on stage at #IFGS2024 now with Julian Wells from Whitecap Consulting for the Report Launch: Scaling UK Regional FinTech. #fintech #scalingfintechUK

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At London Tech Week, Anil discussed Monzo’s success, its future, and how the fintech industry is adapting 📱 Describing the Monzo Bank model, TS Anil expressed: “It’s all about being mission focused as a company, and making products that are about making money work for everyone and using that as a moral and strategic compass. That’s the vision: in a single place we want people to meet all of their different money needs, and in doing so, have visibility over financial mistakes so they can make smarter choices to make their money last farther and longer.” 👇 Read more below 👇 #StartupsMagazine #Startups #Entrepreneur

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No one can do it alone. 🤝 Thunes' partners are vital to supporting our customers' businesses. We collaborate to create a payment ecosystem where money can move seamlessly across borders. 🌎💳 Shaheen Budhrani, Director of Strategic Partnerships at Thunes, contributed to BR-DGE's 'Meet the Partners' series to describe how Thunes operates. BR-DGE is an orchestration fintech that makes it easy for merchants to accept different payment methods. Together, we're putting Money in Motion. Read more here ➡ https://lnkd.in/eT-6pGK5

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With neobank Monzo's recent significant investment and multi-billion dollar valuation, and the ongoing challenges faced by BaaS provider Synapse, the fintech sector remains a dynamic and intriguing space as we approach the summer months. Here's a clo https://lnkd.in/eHndnm4M

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Dive into this week's hottest tech news brought to you by Leaders & Founders 📰 Issue 1 features news on.... Lawhive GV (Google Ventures) Mimo Monzo Bank Revolut #TechNews #TechUpdate #Fintech #TechTrends

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From free money transfers to zero currency conversion fees, our customers love us because we’ve hacked international payments. Here’s a breakdown of our fees and pricing 👇🏽 https://lnkd.in/eRMP4BYS

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Our team were out in force yesterday at the Building Societies Association conference. Our CRO Ashley Seymour-Skinner swung by the session on "How mobile apps are redefining member engagement". 🔑 One key insight: "Mobile banking has moved from a differentiator to an expectation for members." Unsurprisingly in today's fast-paced digital landscape, providing seamless mobile experiences isn't just a bonus - it's essential for meeting customers expectations. 💡 Another thought-provoking point raised was the importance of balancing technology with the human touch. Understanding the diverse needs of both existing and new customers is crucial for creating personalised experiences that foster long-term engagement and loyalty. Luckily at Target we're committed to staying ahead of the curve, delivering innovative solutions that blend cutting-edge technology with genuine human connection. #Innovation #DigitalTransformation

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Hometree Partners With Barclays in £250m Deal to Accelerate Green Home Improvements With "Pay as You Save" Finance for UK Homeowners Simon Phelan, Founder and CEO of Hometree, said: “Many homeowners naturally want to invest in renewable technologies but are put off by the extraordinarily high upfront costs. That’s why we’re focused on removing barriers to help more households take control of their energy bills and carbon emissions. We’re delighted to be working with Barclays to help us develop and scale flexible finance solutions with all-inclusive cover built-in, to enable homeowners to make the switch to clean, green energy with confidence.” Matthew Boyes https://lnkd.in/egkHXH8k #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

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