British fintech Wise reports 234% jump in profit
The Wise logo displayed on a smartphone screen. Pavlo Gonchar | SOPA Images | LightRocket via Getty Images British fintech firm Wise nearly quadrupled pre-tax profits in its half-year results…
US, China lead on most valuable firms
Chinese and US flags fly outside a hotel during a 2012 U.S. presidential election results event organized by the US embassy in Beijing on November 7, 2012. Ed Jones |…
Fintech giant Wise allowed Russia sanctions target to withdraw money
Wise CEO and co-founder Kristo Kaarmann. Wise British financial technology giant Wise allowed an individual on the Russian sanctions list to withdraw money, a U.K. government body said Thursday. The…
Wise shares surge as higher interest rates help fintech triple profits
The Wise logo displayed on a smartphone screen. Pavlo Gonchar | SOPA Images | LightRocket via Getty Images Online money transfer firm Wise’s shares soared nearly 18% Tuesday as the…
Chip giant Arm snubbed London for a NY listing. But the London Stock Exchange hasn’t given up hope
Visitors look out to St. Paul’s Cathedral from a rooftop in the City of London, UK, on Thursday, March 2, 2023. Bloomberg | Bloomberg | Getty Images British tech darling…
Europe and Israel produce more startup mafias despite tech rout: Accel
The average time taken for a startup to hit unicorn status in Europe is now just seven years, according to Accel. Maskot | Digitalvision | Getty Images Europe and Israel…
Fintech firm Wise stock falls after CFO quits, CEO to go on leave
Kristo Kaarmann, CEO and co-founder of Wise. Eoin Noonan | Sportsfile | Getty Images Shares of British fintech firm Wise slipped Monday, after the company announced its CFO Matt Briers…
Fintech unicorn Zepz, owner of WorldRemit, lays off 26% of staff
Zepz, which owns the WorldRemit and Sendwave brands, has a total headcount of around 1,600. Sopa Images | Lightrocket | Getty Images Money transfer group Zepz is laying off 420…
As Arm shuns London, tech investors question UK as an IPO destination
Billionaire Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp., speaks in front of a screen displaying the ARM Holdings logo during a news conference in Tokyo on…
$33 billion fintech giant Revolut reports first-ever annual profit
Nikolay Storonsky, founder and CEO of Revolut. Harry Murphy | Sportsfile for Web Summit via Getty Images Financial technology giant Revolut reported its first-ever annual profit in 2021, according to…