Tag: Financial Results
HSBC reportedly writes off remaining $5.8m stake in UK fintech Monese
HSBC Holdings has written off its remaining 5.4% stake in UK-based fintech Monese.
HSBC acquired a minority interest in Monese for £35 million...
Payments infrastructure start-up Kevin reportedly declared insolvent by court in Lithuania
The Vilnius District Court in Lithuania has declared the payments infrastructure start-up Kevin insolvent.
A bankruptcy case has been opened, with IS Group...
Revolut becomes Europe’s most valuable private tech firm after $500m employee share sale
New Valuation: Revolut has become Europe’s most valuable private tech company, now valued at $45 billion after a secondary share sale.
Employee Benefits:...
UK challenger Oxbury Bank announces first full year of profitability
Oxbury Bank Achieves Profitability: Key PointsProfitability Milestone:Achieved profitability in under three years since launch.
Reported a pre-tax profit of over £3 million...
Revolut announces record $545m profit for 2023
Revolut Annual Financial Report 2023: Key PointsRecord Financial Performance:Revenue Growth: Revenue surged by 95%, from $1.1 billion in 2022 to $2.2 billion...
Allica Bank reports first full year of profitability after revenues double
Allica Bank's Financial Performance:Allica Bank, a UK challenger bank lending to SMEs since 2020, reported its first full year of profitability.
Revenues...