Markets & IPO Correspondent
Oliver Trent reports on public markets, IPOs, and fintech valuations. He previously covered equities for the Financial Times and holds a CFA charter.
Monzo has engaged Morgan Stanley for a potential London IPO valued between £6–7 billion, which would mark the most significant fintech listing on the London Stock Exchange in years.
TrueLayer has raised £90 million in a Series F round led by Addition and Northzone, as the open banking infrastructure provider expands its instant account-to-account payment network across 14 European markets.
Payments processor Checkout.com has acquired embedded payments platform Modulr in an £800 million deal, as larger UK fintechs begin absorbing smaller competitors in a wave of domestic consolidation.
Revolut shares changed hands at a £33 billion valuation in a secondary transaction led by Coatue Management, fuelling speculation that the UK's most valuable fintech is preparing for a London Stock Exchange listing in 2026.
Revolut has facilitated a £750 million secondary share sale valuing the neobank at £38 billion, as early employees and investors cash out ahead of a highly anticipated public listing decision.
Worldpay has unveiled a £2.5 billion technology investment plan following its formal separation from FIS, with the payments giant pledging to modernise its UK acquiring infrastructure and expand merchant services.
A London-listed special purpose acquisition company backed by Hedosophia has entered exclusive talks to merge with a prominent UK wealthtech firm in a deal that would value the combined entity at £3.5 billion.
Payments giant Checkout.com has raised £600 million in a Series E round at a reduced £8 billion valuation, as the company pivots toward embedded finance and stablecoin settlement infrastructure.
Private equity firm Bridgepoint has finalised its acquisition of SME lender Funding Circle in a £1.4 billion take-private deal, delisting the company from the London Stock Exchange after six years as a public company.
Digital bank Monzo has raised £340 million in a Series H funding round led by Silver Lake, valuing the company at £4.2 billion as it approaches its first full year of profitability.
Digital bank Monzo has officially filed papers for a London Stock Exchange listing, targeting a valuation of up to £9 billion in what would be the largest UK fintech IPO since Wise's 2021 debut.