Zopa, a leading London fintech, has successfully secured a significant funding boost, paving the way for its upcoming current account launch in 2025.The latest funding round,…
Browsing: profitability
Zopa, the London-based fintech, has successfully raised £68m in a significant funding round.A.P. Moller, one of Denmark’s largest investors, led the funding round, enhancing Zopa’s unicorn…
The recent Budget has significantly impacted the UK retail sector, prompting urgent strategic adjustments.Retailers voiced concerns about rising operational costs influenced by the Budget’s new tax…
Monzo has appointed a new group CFO from Brazilian fintech Nubank, succeeding James Davies.Tom Oldham will lead Monzo’s financial strategy, steering growth beyond the UK.Mark Newbery…
Sosandar has strategically shifted its pricing model, leading to a 27% decrease in sales but noticeable improvements in profit margins, reflecting their move towards full-price sales.The…
In a remarkable turnaround, Lidl has returned to profitability, driven by a surge in shopper visits and strategic investments.Lidl’s pre-tax profits soared to £43.6 million in…
In today’s challenging economy, making informed investments in technology is crucial for staying competitive and meeting consumer demands.Technical solutions are essential to protect budgets and adapt…
FatFace, a well-known fashion retailer, has reported financial setbacks following its acquisition by Next.During the latest financial year, FatFace experienced a pre-tax loss of £3.2 million,…
Moneybox, a renowned London-based savings and investment platform, has marked significant growth in its financial valuation.The newly attained valuation stands at £550 million, following the firm’s…
Virgin Wines has successfully turned a financial corner, demonstrating resilience in a challenging market.By implementing significant cost-cutting measures, Virgin Wines returned to profitability with a £1.7m…