UK Fintech start-up file accounts late, accumulates losses of £38.7m, and raises £70m

The Hambro Perks Growth EIS Fund

@peter_IFAMAG reads Twitter so you don’t have to.

UK Fintech Curve raised £70 million in a Series C funding round yesterday, however their overdue business accounts, filed yesterday, show pre-tax losses quadruple, negative gross margin and previous accounts restated due to a ‘number of errors.’ Meanwhile rents go unpaid across the UK, the FT reports – suggesting a brewing crisis.

First, the Deputy Governor of Monetary policy for the Bank of England shares his analysis of consumer spending patterns through the pandemic and how it may have a knock-on effect on prices and inflation.

Mark Kleinman, City Editor for Sky News, suggests UK aviation in dire straits. Gatwick Airport is currently reduced to 10-20 flights a day.

George Hammond, property reporter for the FT, looks to the mounting unpaid business rents paid to lenders throughout the UK.

James Hurley, business journalist for the TImes, took a look at Curves accounts, released yesterday. The UK fintech start-up just successfully raised $95m in funding for US expansion, however their accounts have left some pundits scratching their heads.

And finally, Deutsche Bank, that made $1.3trn of ‘suspicious’ transactions between 1999 – 2017, has closed Donald Trump’s bank accounts.

What are your thoughts on these tweets?

Tweet your responses to @peter_IFAMAG

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