Martin Burn

#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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Monzo has made a profit for the first time, having seen its revenue increase dramatically over the past year. This contrasts with reports, also out today, lamenting that FinTechs or "Neobanks" have failed to dislodge the big banks because their main revenue streams come from payments. Today, Neobanks offer credit cards, loans and savings products so profitability may become increasingly achievable. Despite a wider service offering, most people will continue to use Neobanks alongside a primary account for the short term. They remain important though. FinTech has changed how banking is done and has improved the customer experience. It has opened up a new range of role types and career paths in the new organisations and also in longer established banks. Healy Hunt provides specialist recruitment services for FinTech professionals across Financial Services. https://lnkd.in/ezx2CNr4 #fintech #neobank #executivesearch #recruitment #startup #scaleup

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Monzo Bank Launches Under 16s Account TS Anil, Chief Executive of Monzo, said: “Monzo customers with children have been asking us when they can share the magic of Monzo with their kids - and now they can! From instant notifications to organising money with Pots and setting savings goals, we’ve packed the product with some Monzo favourites, tools for children to customise their app and neon cards to choose from. This is such an important step on our mission to make money work for everyone, as we welcome a new generation that we’re excited to support from the start of their financial journey and through the many years to come.” https://lnkd.in/eqWgwMuE #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

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Monzo Bank's strategic masterclass in a changing economic landscape In a time when many FinTechs are tightening belts, #Monzo is taking bold steps forward. Their latest valuation increase to $5.9 billion via a secondary sale shows more than just strong investor confidence—it’s a showcase of strategic foresight. Key Highlights: 🔸 Enhancing Liquidity: By opting for a secondary sale, Monzo is bolstering its financial flexibility without diluting its valuation. This sets the stage for expansion, product innovation, and entering new markets (Europe and the US) with confidence. 🔸 IPO Preparation: These moves mirror public market transactions, allowing Monzo to both test investor appetite and educate the market about its unique growth potential ahead of any IPO ambitions. 🔸 Market Timing: Monzo’s valuation boost in favorable market conditions reflects financial prudence, setting a strong baseline for future rounds. As FinTech continues to face economic volatility, Monzo's strategic positioning proves that with the right moves, opportunities abound. Read the full blog: https://lnkd.in/dgdNHRBN #CInnovation #FintechInsights #FintechInnovation #FinanceInsights #BankingRevolution #DigitalTransformation #BankingInnovation #FinancialGrowth #Finance #Banking #NeoBanking #FinancialServices #Fintech #BankingNews #TechInFinance #FinancialNews

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Foundation 92 Announces Partnership With Tandem Bank to Deliver Financial Inclusion Alex Mollart, Chief Executive Officer at Tandem Bank, said: “Tandem is focussed on helping consumers transition to a lower carbon lifestyle. But that fight against climate change is nothing is people are left behind and are unable to join it. “Sustainability stands for so much more than just carbon emissions and creating a lasting impact across society is at the core of it. Financial skills and literacy are at the heart of the modern economy and our daily lives and yet so many lack basic skills or understanding – I’m proud Tandem can bring our expertise to help plug the gap. https://lnkd.in/eA6CukFb Tom Hutton #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

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Broken Business Savings Market Is Costing British SMEs £9 Billion a Year in Missing Interest Richard Davies, CEO of Allica Bank, said:  “There’s no question the SME savings market is broken. “The fact the SME savings penalty has got larger since we first did our research last year – while the Bank rate has reduced slightly – is a travesty many SMEs will find hard to understand. “It’s very unfair SMEs don’t get similar rates to large companies, and our research suggests big banks won’t be improving their rates for SMEs any time soon. “It’s time for something to be done to make that change, get SMEs a better deal and release billions of pounds into the real economy.” https://lnkd.in/eqAmuVCf Chloe Fenton (née Vaidya) Georgie Burks Joe Jones James Heath Ravneet Shah Conrad Ford Mitch (Munish) Trehan Nick Baker #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

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Monzo Bank Raises Additional $190 Million TS Anil, CEO of Monzo: “The huge interest we see from global investors is testament to the momentum and strength of our business model and the commitment of our teams, who put our customers at the heart of everything we do. With even more rocketfuel for our ambitions and exciting products in the pipeline, there’s no doubt in my mind that the best of Monzo is yet to come.” https://lnkd.in/etJWG4yq #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

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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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Oxbury Bank Plc Achieves First Full Year of Profitability Just Three Years Since Launch Commenting on Oxbury’s results, James Farrar, Chief Executive Officer, said: “2023 was an incredible year for Oxbury. We’ve doubled our customer numbers, more than doubled deposits and grown our lending by 75%. “There is great demand in agriculture for Oxbury’s offer – customer focused, tech-driven financing, with better products, supported by an experienced team of relationship managers, that can help farmers take on the current challenges they face, including productivity, land changes and the transition to net zero. “We’re incredibly proud of Oxbury’s progress in such a short space of time. We’ve delivered a growing, profitable business in only three years and built on our very own Oxbury Earth Tech platform – proving how Oxbury can become a new positive force in agriculture, not just in the UK, but potentially overseas. “As Britain’s first and only agricultural focused fintech, we remain committed to serving food and farming businesses and helping our customers achieve their goals.” https://lnkd.in/eBSGDJXF #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

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TrueLayer advocates for the UK Government's development of a National Payments Vision, emphasising the importance of clarity, alignment, and certainty in the payments landscape. They propose a clear destination, goal, and timeline to guide this vision, with the aim of transitioning to account-to-account (A2A) payments powered by Open Banking. This transition is expected to increase payment choice, reduce costs for businesses, and enhance convenience for consumers. TrueLayer outlines key enhancements needed to achieve this vision, including cost reduction, speed maintenance, certainty in ecommerce and retail, expanded functionality, and increased coverage at physical point of sale. https://bit.ly/49HbjUz Let us know your thoughts in the comments below 👇 #openbanking #A2A #payments

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Raimac Financial Technology Partners with Cashflows to Launch Programmable Payments in the UK Paul Clarke, Chief of Growth at Cashflows, added: “At Cashflows, our vision is enabling business in making payments simple. This partnership is further evidence of how we’re changing payments for the better by simplifying the payments process and offering a smoother, faster experience for customers.”  https://lnkd.in/eXxFSTB9 Frazer M. Ian Donegan Michael Boevink 布 纷 奇 , 마이클 보빈크, مايكل بوفينك Hannah Fitzsimons Hope Allen Baptista Zainu Jacobs Michael Sheppard #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

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Good morning everyone, Here is our new guide from The Banking Expert which is something a little different to the usual banking and payments guides. We had a couple of discussions with the CEO of one of the industries leading prop trading platform providers who gave us a good outline of how the industry works, and their metrics on how a brand makes money, along with outlining how a brand goes bust. This is a very broad brush guide of the industry, so if you would like to speak further with this brand we can connect you. Follow The Banking Expert on LinkedIn. #thebankingexpert

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Apis Growth Fund I celebrates successful exit from PayTech Adumo Apis Growth Fund I, a private equity fund managed by Apis Partners, a UK-based asset manager, will have fully exited its position in South African merchant acquirer Adumo following Adumo’s acquisition by South African FinTech Lesaka Technologies, announced yesterday. Formed 10 years ago, Apis aimed to achieve superior returns and create positive societal impact, recently highlighted by their recognition in the ImpactAssets 50 database. Adumo, established in 2019 with investments from the Fund and Crossfin Holdings, catalysed the merger of three premium payments businesses—Sureswipe, Ikhokha, and Innervation—creating a robust platform. Adumo now serves about 70,000 active clients and processes roughly R80bn transactions annually. Post-acquisition, Lesaka’s ecosystem will likely encompass 1.7m active clients and over R250bn in annual throughput. The collaboration between Apis, Crossfin, and Adumo has significantly advanced financial inclusion and sustainable economic growth across Africa. Since the Fund’s investment, Adumo has been pivotal in bridging the payment acceptance gap in South Africa, enhancing digital and mobile transactions, which in turn increased customer retention and footfall. Apis has been crucial in value creation at Adumo, facilitating multiple acquisitions, including GAAP and Wirecard South Africa, which expanded Adumo’s geographic reach. The Apis team also supported major capital raises, securing significant funding from the IFC to accelerate Adumo’s growth. Matteo Stefanel, Co-Founder and Managing Partner at Apis Partners, remarked: “It has been a pleasure to work with all at Adumo over the past few years. Our teams’ shared goals of impact creation and increasing financial inclusion are demonstrated by Adumo more than doubling the value of transactions it processes for SMEs in South Africa during the Fund’s holding period. We believe the transition into Lesaka’s ecosystem is a perfect fit for Adumo’s next phase, and we look forward to being a part of it as Lesaka shareholders.” Udayan Goyal, Co-Founder and Managing Partner at Apis Partners, added: “We are very pleased to announce the sale of the Fund’s interest in Adumo, which marks a significant achievement for both Apis and Adumo. Adumo was a pioneer in using a verticalisation approach to provide the best in class service to its clients. This transaction underscores Apis’ commitment to identifying and investing in innovative, high-growth opportunities within the financial services and technology sectors.” News credit FinTech Global #news #fintechnews #fintech #usdt #usdtbuysell #finance #paymentgateway

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Monzo Bank is making waves in the financial world once again! Our latest article dives deep into Monzo's journey, challenges, and triumphs as it challenges traditional banks and expands its footprint into the US market: https://lnkd.in/df2yzFj2 From a valuation of $2.6B to a whopping $5.2B, Monzo's growth trajectory is nothing short of remarkable. With a recent funding round of $610M, the stage is set for #Monzo to revolutionize finance not just in the UK, but also in the United States. Learn how CEO TS Anil's strategic vision is driving Monzo's expansion plans, including the introduction of new products like #pensions and #mortgages. Plus, discover how Monzo is navigating the complexities of the US market through innovative partnerships and digital-first solutions. Dive into the full article here (https://lnkd.in/df2yzFj2) and join us as we witness Monzo's journey toward reshaping the future of banking! #CInnovation #FintechInsights #FintechInnovation #FinanceInsights #BankingRevolution #Finance #FinancialServices #DigitalTransformation #BankingInnovation #FinancialGrowth #Banking #NeoBanking #Fintech #BankingNews #TechInFinance #FinancialNews

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Payment Systems Regulator and Financial Conduct Authority Launch Joint Call for Information on Big Tech and Digital Wallets David Geale, the PSR’s Managing Director said: “Digital wallets are steadily becoming a go-to payment type and while this presents exciting opportunities, there might be risks too. “Collaboration between regulators and working with industry is crucial to ensure we’re on the front foot to support innovation and competition, making sure everyone benefits from access, protection and choice in payments. “We look forward to hearing views and evidence from a wide range of stakeholders throughout this process." https://lnkd.in/dwNWBy4N #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

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