Revolut has started offering UK personal loans of between £2,000 and £25,000, repayable over one to five years. It is the London fintech's first significant move into consumer credit since it received its full UK banking licence earlier this year, and it has 13m customers in the UK.
Quantexa, the London data and AI company last valued at $2.6bn, has signed a multi-million-pound, three-year contract with the Insolvency Service. It follows a £175m, 10-year agreement with HM Revenue and Customs in May.
Fuse, the London energy supplier valued at $5bn (£3.7bn), has launched Fuse Compute, with its first 128 Nvidia B300 GPUs due online in December and a plan to scale to 1,024 GPUs by the second quarter of 2027.
Payments unicorn Zilch is committing £77m (€91m) to a ten-year lease on a 33,160 sq ft headquarters in Victoria, roughly doubling its London office capacity. The commitment follows a €150m debt and equity raise in November 2025 and comes while its acquisition of Fjord Bank is still pending.
ElevenLabs has completed a $300m (about £224m) secondary share sale at a $22bn valuation, double the $11bn price set in its $500m Series D in February. Wellington and T. Rowe Price co-led the tender, which brought six new institutions onto the cap table.
Lime Technologies, the UK subsidiary of the Uber-backed micromobility group, lifted pre-tax profit to £4.7m from £1.7m in 2025 as sales rose by a third to £148m and average monthly riders grew 31% to almost 700,000.
London-headquartered AI infrastructure group Nscale has raised $3.36bn (about £2.5bn) in convertible notes led by hedge fund Third Point, with $2.36bn funded at closing and a further $1bn from Nvidia due in mid-November. The notes convert into equity when the company lists on the New York Stock Exchange.
Nscale has filed publicly for a US initial public offering targeting a valuation of up to $35bn, against the roughly $14.6bn the London AI infrastructure group was worth in a March private round. The company posted a net loss of $1bn on revenues of $141m in the first half.
London-based Fresha has appointed country leads in Germany and Mexico and opened a Berlin office, three months after taking an $80m primary investment from KKR-managed funds at a valuation above $1bn. The company has raised $285m in total.
British AI chip designer Fractile is in talks to raise around $600m at a $6.5bn valuation, according to reports, three months after closing a $220m round. Lightspeed Venture Partners, Redpoint Ventures, Thrive Capital and Founders Fund are named among the prospective co-leads.
Revolut chief executive Nik Storonsky is in talks over a new incentive package that would hand him a fresh block of stock if the fintech reaches a valuation of around $500bn (€433bn), a milestone that sits far above the $115bn implied by its current secondary round.
