In a race to break even, British FinTech giant Revolut is the latest startup to claim profitability, a milestone that few neobanks have attained despite disrupting the global traditional banking system. And even though Revolut’s first full year of profit is now coming under question,...
Recently listed tech companies reportedly went through more than $12 billion in cash during 2022. And as the Financial Times (FT) reported Sunday (March 5), many of these companies are now struggling to figure out how they can raise more money amid falling share prices....
FinTech firms are increasingly focusing on profitability, turning away from the growth-at-all-costs strategy many have long pursued. According to some investors, this strategic pivot from growth in favor of profits is necessary to win back cautious investors who are more focused on unit economics now and...
Payday loans company Wonga has received a much-needed £10 million cash infusion from Accel Partners and Balderton Capital, among others. The funding will help cover compensation claims related to its past censured practices, according to TechCrunch. Founded in the UK in 2006, Wonga had raised...
February 23, 2023
FinTech firms are increasingly focusing on profitability, turning away from the growth-at-all-costs strategy many have long pursued. According to some investors, this strategic pivot from growth in favor of profits is necessary to win back cautious investors who are more focused on unit economics now and no longer swayed by a firm’s growth potential. But for Rob […]
August 12, 2024
Revolut investor Balderton Capital has raised $1.3 billion for European tech startups. The London-based firm announced the funding — divided between its $615 million Early Stage Fund IX and its $685 million Growth Fund II — on its website Monday (Aug. 12). Writing on the company blog, Balderton managing partner Bernard Liautaud said the fund is a testament to the […]
March 05, 2023
Recently listed tech companies reportedly went through more than $12 billion in cash during 2022. And as the Financial Times (FT) reported Sunday (March 5), many of these companies are...
August 06, 2018
Payday loans company Wonga has received a much-needed £10 million cash infusion from Accel Partners and Balderton Capital, among others. The funding will help cover compensation claims related to its...
July 13, 2017
The financial services firm Revolut has garnered a $66-million funding round via Series B financing, TechCrunch reports, with a series of new and existing investors. The site reported that Index...
