Anil Oncu

Unveiling the 2024 UK Fintech Top 50 Report (Top 50 UK private fintech companies). Takeaway 1: less growth but much more profit -      Total Revenues of top 50 UK Fintech companies in 2023: £6.2bn; -      Revenues growth rate 2023 vs 2022: +45%; -      The annual revenues growth rate declined from 68% in 2022 to 45% in 2023; -      Combined positive EBITDA of £169m (vs a total loss of over £300m in 2022); -      Chip, Oxbury Bank, Truelayer and Moneybox registered the highest revenues growth rate in 2023 (+800%, +243%, +189%, +183%). -      The 10 most profitable companies have also a higher growth rate than the rest (+74% growth rate vs 48% of the benchmark). Takeaway 2: The breakeven message was heard by the sector -      17 companies are now profitable (34% of the panel); -      20 companies are > the Rule of 40 (Growth Rate + EBITDA Margin should be over 40%) vs. 10 in 2022; -      The median EBITDA margin was -39% (-96% in 2022); -      For the second year in a row Oak North has the best EBITDA Margin (64%), followed by Starling (47%) and Trading 212 UK (33%); -      Median GP Margin of 76%, The companies with positive EBITDA have a GP Margin 35% higher than the unprofitable companies (81% vs 60%). Takeaway 3: Fintech is just 10 years old but represents already 5% of the total UK finance industry -      The revenues of the top 50 fintech companies represented in 2023 around 5% of the total revenues of the top 5 UK Banks vs 3% in 2022; -      On average the companies in the fintech index are 10 years old (the top 5 UK banks are on average 249 years old).   Takeaway 4: Valuation are still too high, new down rounds are coming -      On average the fintech panel is valued @ 11.1x Revenues (latest disclosed valuation considered); -      The fintech sector in the US (70 listed players) is valued at 4.5x Revenues; -      In the UK, the main fintech listed players are Wise (8x revenues, 19x Earnings), AJ Bell (8x Revenues, 20x Earnings) and Pension Bee (12x Revenues, still loss making).

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Steal Revolut’s billion-dollar engagement strategy. Revolut is a global neobank that: → generated about $2 billion revenue in 2023 → has over 40 million customers from 38 countries → is the most downloaded fin app in 9 countries Revolut uses gamification to build an endless loop that drives engagement and increases user spendings leading to a higher number of transactions and revenue growth. Let’s take a closer look in their strategy: At the very heart of Revolut’s gamification strategy lies its points redemption system – called RevPoints. RevPoints serve as the currency for the gamified features that lets user earn points by simple actions: • Make money transactions • Take part in weekly challenges - use Apple Pay, donate, invite friends to the app • Book stays and experiences → receive 2X the amount of RevPoints • Upgrade to a paid plan • Use round ups - convert spare change Then, it’s easy to redeem points in exchange of rewards: • Cashback • Free premium services • Airline miles for travel benefits • Discounts at third-party merchants • Accommodations and experiences within the Revolut app Revolut's lesson: If you can turn everyday tasks into a game, you can create loyalty and strong habit loop that is hard to break. Especially in a highly-competitive markets. At Milestone, we’re helping teams to build game engines 10x faster with our headless API. And, if you want us to build it for you – feel free to DM me with “Gamification” Cheers! 💜 _ What do you think about Revolut’s strategy? Share in the comments and follow me Anastasia Liamets for more gamification trends and user experience cases👇🏼

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Happy new year to all! 🥂 I found this article: Finextra - Top 7 Fintech Trends to Watch in 2025 https://lnkd.in/esnAzfVj No huge revolution but a continuation of the evolutions we are witnessing for the last years. I am very curious about CBDC and how it will impact our business habits. What's your view on those trends? A quick summary: 🚀 Top 7 Fintech Trends to Watch in 2025 🚀 The fintech landscape is rapidly evolving, with several key trends set to redefine the industry in 2025: - Embedded Finance Gains Momentum: Financial services are seamlessly integrating into non-financial platforms, enhancing user experiences and streamlining processes for SMBs. - The Acceleration of CBDCs: Central Bank Digital Currencies are on the rise, with countries like China, the Bahamas, and Nigeria leading the way, aiming to enhance financial inclusion and modernize payment infrastructures. - Decentralized Finance (DeFi) Matures: DeFi platforms are refining protocols, improving scalability, liquidity, and regulatory frameworks, leading to increased integration with traditional finance. - The Expansion of Super Apps: Platforms like WeChat and Alipay are consolidating services across industries, becoming integral to users' daily lives and reshaping the competitive landscape. - The Future of Banking-as-a-Service (BaaS): BaaS adoption is evolving, with successful providers focusing on specialized segments and offering tailored financial products beyond traditional institutions. - AI-Driven Personalization in Fintech: Artificial Intelligence is redefining financial services delivery, from hyper-personalized banking experiences to AI-driven fraud detection, enhancing user engagement and operational efficiency. - The Continued Rise of Open Banking: Open banking initiatives are expanding globally, driven by regulations like PSD2, reflecting increased consumer demand for flexible, data-driven financial services. Thanks Sergiy Fitsak

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📣 New: Breez SDK - Nodeless 0.3.2 ⚡💧 What’s new in this release? 👀 → Lowball fees for direct Liquid Network transactions → Send all funds is now supported in pay_onchain → Updated default Electrum URLs Plus more updates on optimizations + fixes ⚡ ↓ Check out the link in the comments ↓

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Trade #crypto with confidence and ease on #AreonX - Swap tokens across a wide range of over 50 parities - Benefit from zero slippage and no fees - Keep your transactions private and secure Launching Soon #WeAreOn

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The results look unbelievable, but this might be the reason, not more marketing, more features or more zero fees transactions. Product Onboarding.. In the Fintech product course I facilitated earlier today, we discussed this looking at specific regulatory requirements, core features, how to get a bigger share of wallet and so on. Have you ever downloaded a Fintech app with a poor onboarding experience? What would you change about your experience? I'll share a recent experience in the comments. #Fintech #Product #LearnFintech #FintechInnovation #Onboarding #FintechProducts #KYC #KYC #Privacy

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13books Capital closes £121m fund to back Europe’s fintech startups. 📈 The fintech fund will back rounds from seed to Series A ranging from £1m to £7m. The close comes as VC investment in the UK has started to show signs of recovery from the slowdown over the past two years. Fintech in particular has recovered well, becoming the UK’s best-funded tech segment once again in the first quarter of 2024. ➡️ https://lnkd.in/diVkG9-7 🔗 #investment #fintech #funding #startups #europe #UKtech

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Big B2B Payments news - From today, Kriya is available on Stripe for UK Merchants! I’m excited to announce this collaboration with Stripe, a leading global payments provider. 💸 We’ve taken the age-old need to provide trade credit and turned it into a digital, scalable B2B payment method. Merchants can now offer their customers PayLater options, which helps them optimise their working capital and buy more with confidence. It’s a win-win. ⚡ Through our direct integration, Stripe merchants can simply toggle Kriya as a payment method to their existing checkout experience without any development work. It’s that easy. 📈 With Stripe, we’re providing the tools merchants need to diversify their eCommerce offering and grow their revenues. For more about this ground-breaking partnership and how to grow your B2B revenues with PayLater, check out the links in the comments. #Partnership #Stripe #B2B #B2BPayments #BNPL #eCommerce# #PayLater #TradeCredit

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Monzo's impressive valuation of $5.9 billion underscores the growing confidence in fintech, driven by strategic fundraising and market expansion. The secondary market sale not only rewards employees but also signals robust investor interest, positioning Monzo favorably against competitors like Revolut. As neobanks evolve, their ability to provide liquidity while delaying a public offering could redefine startup financing strategies. Continued focus on U.S. and European markets will be crucial for sustaining growth and competitive advantage. #fintech #neobanks #startupvaluation #monzo #secondarymarket #banking #crossborderpayments #financialeducation #Payments #openbanking #digitalbanking

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Open Banking is revolutionizing fintech by enabling secure data sharing between banks and consumer apps, driving innovations like UPI and embedded finance. While it offers immense potential for financial inclusion and better customer experiences, challenges such as monetization, data quality, and customer protection need robust solutions. With global frameworks like PSD2 and India’s Account Aggregator system, the future looks promising, but collaboration and regulation will be key to its success.

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📢 [Sound of Fintech | BNPL ]🌟 Exciting Milestone for BVNK! 🌟 BVNK, a London-based pioneer in stablecoin payment infrastructure, has successfully raised $50 million in a Series B funding round, reaching an impressive valuation of $750 million. 🚀 The round, led by Haun Ventures, with participation from Coinbase Ventures, Scribble Ventures, DRW VC, and existing investors Avenir and Tiger Global Management, marks a significant step forward in BVNK's journey to transform global payments. Since its launch in 2021, BVNK has processed over $10 billion in annualized payment volumes, achieving 200% year-on-year growth. Its innovative platform unifies banks and blockchain, offering businesses seamless access to stablecoins for faster, more reliable, and cost-effective payments. With partnerships including PayPal, Circle, and First Digital, BVNK is revolutionizing cross-border transactions, reducing FX risks, and improving operational efficiency for businesses worldwide. 💡 What’s next? The new funding will fuel BVNK’s expansion into the U.S., with new offices in San Francisco and New York. This move strengthens its mission to make instant, borderless payments accessible to all. As Diogo Mónica of Haun Ventures said: "Stablecoins represent the most significant infrastructure upgrade to global payments in decades." Congratulations to the BVNK team on this incredible milestone! Your innovation is paving the way for the future of financial services. 🌐 👉 read https://lnkd.in/daFNTfdR 👉 news 👉 https://pausepay.it/news/   👉 Join PausePay - il Buy Now Pay Later B2B italiano Sei una startup o fintech? Cerchi un investitore? Segnalaci il tuo pitch. Ti daremo una mano! #payments #fintech #b2b #openbanking #Digitaltransformation #innovation #B2BPayments #bnpl #pausepay #Economia2025 #BNPLB2B #CrescitaGlobale  #Digitalizzazione #Sostenibilità  

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📢 [Sound of Fintech | BNPL ]🌟 Exciting Milestone for BVNK! 🌟 BVNK, a London-based pioneer in stablecoin payment infrastructure, has successfully raised $50 million in a Series B funding round, reaching an impressive valuation of $750 million. 🚀 The round, led by Haun Ventures, with participation from Coinbase Ventures, Scribble Ventures, DRW VC, and existing investors Avenir and Tiger Global Management, marks a significant step forward in BVNK's journey to transform global payments. Since its launch in 2021, BVNK has processed over $10 billion in annualized payment volumes, achieving 200% year-on-year growth. Its innovative platform unifies banks and blockchain, offering businesses seamless access to stablecoins for faster, more reliable, and cost-effective payments. With partnerships including PayPal, Circle, and First Digital, BVNK is revolutionizing cross-border transactions, reducing FX risks, and improving operational efficiency for businesses worldwide. 💡 What’s next? The new funding will fuel BVNK’s expansion into the U.S., with new offices in San Francisco and New York. This move strengthens its mission to make instant, borderless payments accessible to all. As Diogo Mónica of Haun Ventures said: "Stablecoins represent the most significant infrastructure upgrade to global payments in decades." Congratulations to the BVNK team on this incredible milestone! Your innovation is paving the way for the future of financial services. 🌐 👉 read https://lnkd.in/daFNTfdR 👉 news 👉 https://pausepay.it/news/   👉 Join PausePay - il Buy Now Pay Later B2B italiano Sei una startup o fintech? Cerchi un investitore? Segnalaci il tuo pitch. Ti daremo una mano! #payments #fintech #b2b #openbanking #Digitaltransformation #innovation #B2BPayments #bnpl #pausepay #Economia2025 #BNPLB2B #CrescitaGlobale  #Digitalizzazione #Sostenibilità  

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We’re proud to announce the launch of FreeBnk Properties (RWA) tomorrow, 24th September! Now, our users can easily buy property shares using their crypto funds directly on the FreeBnk platform. 🌍🏡 This new feature offers a unique way to earn passive income through rental profits, providing a path to financial freedom. With every transaction securely recorded on the blockchain, users can buy or sell property shares at any time. Key Benefits: - Passive income from rental profits, with a variable percentage. - The ability to sell or list your shares on the secondary market at any price. Experience the future of real estate and crypto—where your digital assets create real-world financial opportunities. #FreeBnk #PassiveIncome #FinancialFreedom #RealEstate #Blockchain #Crypto #RWA #Investment #CryptoBank #Innovation

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How Revolut uses stories to communicate its value prop and encourage feature adoption 👇 Stories can be an effective way to get users started with a particular product or feature in a more interactive and visually appealing manner. Revolut uses this mechanism to introduce new users to crypto trading and investment features. Why this is great UX: Stories are short, simple, and easy to consume. They can help drive key messages or introduce new product features, enhancing product adoption and ultimately leading to increased engagement and conversion rates. ✅ Encourages adoption ✅ Informs users of new features ✅ Short stackable content ✅ Interactive and engaging Be more like Revolut and upgrade your product's UX. Like this? Let me know in the comments 👇 #ux #design #mobileapps #product

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💥📱 𝗡𝗲𝗼𝗯𝗮𝗻𝗸𝘀 𝗢𝘃𝗲𝗿𝘁𝗮𝗸𝗲 𝗟𝗲𝗴𝗮𝗰𝘆 𝗕𝗮𝗻𝗸𝘀 𝗶𝗻 𝗨𝗞 𝗔𝗽𝗽 𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱𝘀 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗙𝗶𝗿𝘀𝘁 𝗧𝗶𝗺𝗲! 🚀💳 UK neobanks have officially outpaced legacy banks in app downloads! 🏦📈 According to new data, digital-first challengers like Monzo Bank, Revolut, and Starling Bank are capturing the attention of millions, redefining how Brits manage their money. 🧠💰 🔑 What’s Driving the Surge? ✅ User-Centric Design: Sleek, intuitive apps built for a seamless user experience. 🎨📲 ✅ Innovative Features: Instant payments, budgeting tools, crypto trading, and more. 💡💵 ✅ Growing Trust: As neobanks build reputations for security and transparency, more users are making the switch. 🔒🌟 With app downloads skyrocketing, neobanks are proving that agility, innovation, and a digital-first strategy can challenge decades-old institutions. 🚀 The future of banking is mobile, fast, and customer-driven! 📊✨ Source: https://lnkd.in/d6NgdrPm #Neobanks #DigitalBanking #FintechRevolution #MobileBanking #Innovation #BankingTrends #CustomerExperience #FutureOfFinance #Revolut #Monzo #StarlingBank 🏦📱💳

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