Rakesh Harji

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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CapitalRise Secures New £30 Million Funding Line for Bridging Loans Uma Rajah, CEO and Co-Founder of CapitalRise, commented: “Securing this additional £30 million funding line for bridging loans further supports the diversification of our capital sources, ensuring a robust funding model. We are thrilled to secure this new funding line as part of our continued commitment to serving our clients with bespoke financial solutions.” https://lnkd.in/e5YAkGyB Pip Lashko-Sayers #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

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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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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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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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Fintech Savings Platform Flagstone Doubles Customer Assets in 18 Months Simon Merchant, Co-Founder & CEO of Flagstone, comments: “Uncertainty around the Bank of England base rate and turbulence in the wider financial markets are prompting more savers to think about what they want to do with their savings and take action to make their money work harder for them while mitigating risk. “Across the market it’s not been hard to find inflation-beating returns for all sizes of deposits and types of accounts - from instant access to multi-year fixed terms. As the Bank of England base rate starts to edge downwards for the first time in over four years, it’s reasonable to expect some softening in the sorts of rates on offer. Nevertheless, with mortgage affordability now set to rise and appetite for other forms of credit expected to increase, we’re going to see continued competition among banks to offer competitive, inflation-beating returns on savings for months to come.” "We’re encouraged by these 18 months of widespread demand and adoption not just from customers but from our partners too. Expanding our panel of banks by 10% in less than six months is a good indicator of the seriousness with which banks and advisers are treating cash savings as an important and rewarding asset class.” https://lnkd.in/ekaPih5w Andrew Thatcher Ruth Jakobsen Francesco Fulcoli Annie Rachel Giangiacomo Gagliano ACIM Nicole Hardiman Thomas Mintoff Jo Candy Ripple Communications #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

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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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Monzo Bank Tops 500,000 Business Customers and Launches ‘Team’ - a New Plan That Solves Pain Points of Bigger Small Businesses TS Anil, CEO of Monzo, said: “The 5.5 million SMEs in the UK are the backbone of the economy, yet they’ve been traditionally overlooked by banks. Business owners need game-changing products that take away unnecessary paperwork and allow them to get on with the important task of growing their business. As we scale beyond 500,000 business customers we’re still as focussed on staying close to our business community as we’ve always been and building features that do the heavy lifting as they focus on what really matters to them. Team is the next step in this journey, with plenty more to come.” https://lnkd.in/ecpiQ9pa Irina Sukhikh Fernando Fanton Jordan Shwide Eleni Fragkiadaki Kushal Babla Matej Pfajfar Dr Greta G. Katherine Brittain #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

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Webull Financial UK Launches Webull Savings "Our top priority at Webull is to empower our clients to make informed investment decisions with the help of technology," said Nick S., CEO of Webull UK. "Being able to compare savings accounts and diversify cash holdings will help Webull users make the most of their assets. Our clients can keep their money in regulated bank accounts and earn interest, ready for investment or as part of a diverse portfolio." https://lnkd.in/emFCkN_W #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

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Capital on Tap and Plaid Partner in the UK for Streamlined SME Underwriting “SMEs are the backbone of the UK economy”, Brian Dammeir, Head of Europe at Plaid. “We’re delighted to play our part in helping Capital on Tap make it easier for SMEs to seek mission-critical funding”. Damian Brychcy https://lnkd.in/eASQUjEq #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

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SmartSave Launches Two-year Fixed-rate Savings Product at 5.06% AER Andy Mielczarek, CEO and Founder of SmartSave, a Chetwood Financial Limited Financial company, said: “We’re constantly evaluating how we can best serve UK consumers, not just with highly competitive rates, but also bringing different products to market. Expectations of a base-rate cut have risen throughout the year as inflation has dropped, and we know there is an appetite among savers for longer-term fixed-rate products – so, we’re delighted to reveal our new two-year bond, which has a market-leading rate. https://lnkd.in/eimfxSHx #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

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Cardswitcher.co.uk: Revolutionize Your Payment Processing Save Up to 40%* on Debit & Credit Card Processing Finding the best rates for your card processing needs has never been easier. At Card Switcher, we streamline the process, allowing you to save on every transaction without the hassle. Our platform connects you with multiple offers from top payment processors in less than 2 minutes, so you can compare and choose the best option for your business. Why Choose Card Switcher? Instant Quotes: Receive multiple offers from our trusted partners quickly, without the wait. Get accurate and competitive quotes online in just moments. No Sales Calls: Enjoy a hassle-free experience with no pesky sales calls. Our online quoting system eliminates the need for high-pressure sales tactics. Compare Effortlessly: Evaluate the best payment processors and their offers in minutes. Our comparison tool makes it easy to find the lowest card processing fees. Transparent Pricing: Avoid hidden fees and complex negotiations. With Card Switcher, you get straightforward, transparent pricing with no haggling involved. How It Works Submit Your Information: Provide basic details about your business and processing needs. Receive Offers: Our partners will send you multiple competitive offers tailored to your requirements. Compare and Choose: Review the offers, compare the rates, and select the payment processor that best fits your business. Start Saving Today Don’t miss out on potential savings. Get started with Card Switcher and discover how much you can save on your debit and credit card processing fees. It’s fast, easy, and completely online. Compare Quotes Now and Take Control of Your Payment Processing Costs!

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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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wamo Secures $5 Million in Funding and EMI License to Fuel Growth Across Europe Yanki Onen, CEO and founder of wamo commented: “Since launching wamo, we’ve been relentlessly focused on removing the barriers that SMEs face when opening a business account and managing their finances. The addition of Logo Ventures in this round brings strong expertise and experience to help us build a proposition that promotes, not discourages, the ambitions of underserved SMEs across Europe. Alongside this, our EMI license marks a significant milestone in our journey, enabling us to unlock new markets and become the preferred partner for SMEs, providing regulated services across the continent.” https://lnkd.in/eWvFS2yy Merve Zabci #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

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If there's a 2024 payments buzzword, it's "pay-by-bank". In this article, Zepto's Chief Commercial Officer, Colin Baines, looks at why it's so hot right now. "Consumer behaviour has changed, and card issuing rates are falling. Between 2019 and 2024, the market size of the Credit Card Issuance industry in Australia declined at a CAGR of 5.3%. It's clear that many people now see debit, not traditional credit, as their major source of funding. The question is why?" https://lnkd.in/gfiiUWSe #PayByBank #AccountToAccount #ABetterWayToPay

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🚀 Last week, we were thrilled to host The Payments Association's CEO round table, Breaking the mould to go beyond payments and acquiring in 2025. Our Director of Product for Converged Commerce®, Andrew Goulton, led an insightful discussion on the future of payments and acquiring. Key takeaways: • Traditional models are becoming outdated • The industry needs to think broader and smarter • Converged Commerce® is the way forward We explored how embracing smarter technology trends and harnessing the power of data can revolutionise the fintech landscape. Thank you to everyone joining us at this insightful and lively roundtable event 👏💫 We are excited to be at the forefront of this bold new era in payments! #ConvergedCommerce #FintechInnovation #PaymentsTrends

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