Menu visibility control



Startup Surgery

Most Recent


Iris Capital launches €250m European tech investment fund


Startup Weekly: Welsh tech accelerator calls for applications, Virgin StartUp partners with WeWork and more

Tech City Voices

Culture. There’s no app for that, Kalanick

Press Releases

‘Connected finance’ app Curve hits £50m spend ahead of UK launch
“Coffee, networking and productivity”: Workspace disruptor ‘Lounge’ launches in London
Kompli-Global’s Technology Will Make Life Harder for Money Launderers

Fintech Monthly: Future Finance raises £119m, KPMG Pulse Report, Android Pay and more


Welcome to the FinTech Monthly for March 2016, filmed at Level 39 in London’s Canary Wharf.


Dublin-based Future Finance, Europe’s biggest student lender, raised £119m taking its total funds raised to £185m. The investment came from multiple firms, including QED Investors and Blackstone Group LP. The service, which launched in May 2014, has loaned over £25m to date.

There has been a considerable amount of other funding news this month. LendInvest, the property finance marketplace, completed a £17m Series B; payments company GoCardless raised $13m; blockchain intelligence firm Elliptic closed a $5m round and e-lending platform EZBob Ltd raised £20m.

Top Tech Stats: Rising ransomware, praise over pay and much more

The Budget

In his spring Budget speech, George Osborne revealed the government’s intention to work with the ‘New Bank Start-up Unit’ to promote the authorisation of more new banks. I asked Sam Brown, of law firm Gowling WLG, what impact the Budget will have on UK FinTech companies, take a look at the video to see what he said.


Atom Bank, which is backed by Spanish banking giant BBVA, announced its acquisition of Grasp, a design and development firm based in the north of England. The terms of the deal were not revealed, but the plan is for Grasp’s team to help grow Atom’s customer base through an improved user experience, incorporating gamification, 3-D visualizations and mobile apps.

The Pulse of Fintech

KPMG published its quarterly The Pulse of FinTech report with CB Insights. According to the report, global investment in FinTech companies totaled $19.1bn in 2015, with $13.8bn invested into VC-backed FinTech companies. This represents a 106% increase on 2014. European FinTech companies raised $1.5 billion in 2015.

The report predicts FinTech investment will continue to grow in Europe over the next few years, with corporate investors potentially taking more interest.

Android Pay

Android announced that, in the next few months, Android Pay would launch in the UK. Those with Android handsets will be able to use the service everywhere contactless payments are accepted. Android Pay has been growing steadily in the US with 1.5 million new registrations occurring each month.

That’s it for this episode of Fintech Monthly. Keep an eye on Tech City News for more FinTech stories and for more of our videos, subscribe to our YouTube channel.

Enter your email address to receive updates straight to your inbox

* indicates required
Send me news on...

Editor's picks


Iris Capital launches €250m European tech investment fund
posted 3 hours ago

Startup Weekly: Welsh tech accelerator calls for applications, Virgin StartUp partners with WeWork and more
posted 6 hours ago

Culture. There’s no app for that, Kalanick
posted 8 hours ago

startup life

Uber’s CEO resigns, over £368m in UK tech funding, a new $3.3bn fund and more in The Week in Tech
posted 11 hours ago


EXCLUSIVE: London-based Inploi raises £500,000, brings total to £1m
posted on June 22, 2017


UK-founded tech startup Blockchain secures $40m Series B
posted on June 22, 2017