The Latest Breaking News from fintech

London fintech Zopa bucks layoff trend with new hiring and pay hike

The firm is set to raise minimum salaries more than 20% to £27,000 to attract and retain top tech talent

Evening Standard · Dec 5, 2022

PPP firms gave selves loans, bought Porsche, $8M home, says report on COVID loan fraud

WASHINGTON — Some of the most prolific online lenders in the federal Paycheck Protection Program had remarkably lax fraud protection controls even as they approved billions of dollars worth of loans in the COVID-19 small business relief program.

McClatchy Washington Bureau · Dec 1, 2022

London’s race to the fintech frontier puts it in pole position for attracting start-ups

Survey among ‘unicorn’ firms shows the capital is doing well in the battle for talent

Evening Standard · Nov 30, 2022

Closed accounts, no money: Chime app users complain they were suddenly shut out of their online accounts

Consumers have filed hundreds of complaints saying accounts with the popular fintech app were closed without warning. The company says it can close them “for any reason or no reason.”

Chicago Sun-Times · Nov 25, 2022

London fintech unicorn Zilch poised to begin wave of layoffs as downturn hits buy now pay later sector

Zilch joins rival Klarna in making a series of layoffs in a bid to cut costs as investors weigh the prospects for BNPL firms after higher borrowing costs squeeze profits

Evening Standard · Nov 25, 2022

Fintech startup makes move to Cardiff following equity investment

The company recently closed a pre-seed round of £520,000 led by the Development Bank

Birmingham Post · Nov 24, 2022

Dramatic collapse of the cryptocurrency exchange FTX contains lessons for investors but won't affect most people

In the fast-paced world of cryptocurrency, vast sums of money can be made or lost in the blink of an eye. In early November 2022, the second-largest cryptocurrency exchange, FTX, was valued at more than US$30 billion. By Nov. 14, FTX was in bankruptcy proceedings along with more than 100…

The Conversation · Nov 17, 2022

Fintech start-up Agam relocating to Wales following latest investment round

Investors in the round include the Development Bank of Wales

Birmingham Post · Nov 17, 2022

“This is fraud:” Coinbase CFO says of FTX as more crypto fintechs get caught in contagion

Alesia Haas is trying to assure consumers that FTX was merely a bad actor and is not representative of the whole industry.

Fortune · Nov 17, 2022

10 Maryland Fintechs Aiming To Make Your Financial Life Easier

If you’re into fintech, you’ll want to join the more than 1,000 attendees expected at this year’s Benzinga Fintech Deal Day & Awards. Make critical connections with successful fintech leaders, and meet more fintech business leaders in one day than you would in a year.

Benzinga · Nov 11, 2022