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Monzo records first full year of profitability as it eyes international expansion

Monzo Announces First Full Year of Profitability:Financial Performance:Reported a pre-tax profit of £15.4 million for FY ending 31 March 2024. Significant turnaround...

Allpay and The Bank of London partner to streamline payments for the UK social housing sector

Allpay Signs Multi-Year Partnership with The Bank of London:Partnership Goals:Simplify and expedite payments using prepaid cards. Target both banked and unbanked individuals....

India’s Reliance Group launches financial services super-app JioFinance

Jio Financial Services Launches JioFinance App:Company Overview:Division of Reliance Group, founded by Mukesh Ambani. Competing with Tata Group, PhonePe, and Paytm in...

FintechOS bags $60m in Series B+ investment round

FintechOS Secures $60 Million Series B Extension:Funding Details:Extended Series B round led by BlackRock, Cipio Partners, and Molten Ventures. Additional participation from...

New digital-only bridging lender Morpheus launches in the UK

Morpheus Digital-Only Bridging Lender Launches in the UK:Founders:Co-founded by Matt Mawdesley (former head of strategy at Together) and Lee Jones (co-founder of...

PSR names David Geale as new interim managing director after Chris Hemsley steps down

PSR Leadership Transition:Outgoing Managing Director:Chris Hemsley to step down on 7 June after five years as managing director. Hemsley will join Fingleton,...

Asia’s first full reserve digital bank, ORO Bank, launches in Bhutan powered by Finastra

ORO Bank Launch Overview:Mission and Philosophy:ORO Bank aims to foster personal, corporate, and financial growth sustainably. Emphasizes environmental, social, and economic sustainability. ...

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