Online lender Zopa’s revenue jumped 60% last year

LONDON — Peer-to-peer lender Zopa saw revenues leap 60% higher last year as losses narrowed. The online lender’s revenue rose from £20.6 million in 2015 to £33.2 million last year, accounts filed with Companies House this week show. At the same time, losses narrowed from £8.8 million to £5.8

OakNorth lent £100 million cumulatively by last June — this year it lent £100 million in a month

LONDON — Entrepreneur-focused bank OakNorth has more than doubled its loan book this year, lending out £430 million since January. OakNorth, founded in 2015, now has a loan book of £710 million with £700 million worth of deals in the pipeline. CEO and cofounder Rishi Khosla told Business Inside

Accountancy software start up Receipt Bank secures $50Mil(USD) in funding.

LONDON — Accountancy software startup Receipt Bank has raised $US50 million (£38.4 million) in a Series B funding round led by a New York venture capital firm. Insight Venture Partners led the investment, one of the biggest deals in UK fintech since Brexit. Receipt Bank, launched in 2010, is

UK global banking alternative Revolut raises $66Mil(USD).

Revolut has raised a $66 million Series B round with Index Ventures leading the round, and existing investors Balderton Capital and Ribbit Capital also participating. The startup will also run another $5 million crowdfunding campaign in a few weeks. The company has raised $83 million in total. Revol

UK-based payment processing giant Worldpay, valued at $10Bil, confirms JPMorgan and Vantiv are trying to buy it.

Some consolidation is underway in the world of payment processing: Worldpay — the giant company that says it processes 31 million mobile, online and in-store transactions daily and competes against the likes of PayPal, Stripe, Square and more in payment processing — is on the block. Today Worldp