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It’s gone from a plucky young startup, to being one of the world’s biggest fintechs. But until this week, the online banking giant Revolut had been unable to operate as a traditional bank. Now, over three years since the firm submitted its first application with the Bank of England, the UK’s largest fintech unicorn has secured a banking licence. The new status removes one of the company’s biggest barriers to growth. It will allow Revolut to hold customer deposits and bring new financial products to market. As a new bank, Revolut has entered the “mobilisation” stage. It will now have one year w ..read more

TV Dragon and serial entrepreneur, Theo Paphitis will open doors to his own mini Dragon’s Den this summer, with the relaunch of his investment competition for UK small businesses. Now in its second year, #SBS Invest is a free competition that gives members of Paphitis’ small business network, #SBS Small Business Sunday the chance to pitch their business. According to the network’s website, the founders with the most persuasive pitches could win between £50,000 and £250,000 from an investor, in exchange for a percentage of equity. Joining Paphitis behind the boardroom table will be fellow #SBS ..read more

Every company is different when it comes to its organisational culture. But regardless of how individual it is, your company’s culture should always embody the values, beliefs and purpose set out by your mission statement. Culture is a driving force behind what your company stands for – and how it operates on a day-to-day basis – so it’s also a fundamental aspect of attracting and retaining employees and supporting productivity and growth. That said, with so many types of company culture to pick from, developing and defining your own can be tough. We’ve handpicked 7 companies with successful o ..read more

First, they said vinyl records were on their way out. Next, it was books. Now, predictions that the UK will become a cashless society are also being called into question, as a new survey finds everyday cash usage may actually be on the rise among Brits. In its annual report on UK payments, released today, banking body UK Finance recorded a 66% increase in the number of people who prefer to use cash for their everyday spending. Meanwhile, the report shows that the volume of contactless and mobile payments also increased last year. This indicates that people are picking sides in the debate, amid ..read more

Hollywood loves a good rags-to-riches story. That’s why it has mined hundreds of business narratives for its films; the rise of the world’s most famous entrepreneurs writes itself, and the boardroom provides the perfect setting for a high-stakes, final showdown. That obsession has led to some real duds, however. Many blockbusters have failed to capture the full picture of what it’s like to start a business (take box office bomb Steve Jobs, which said more about the Apple founder’s relationship with his daughter than his iPhone). And then there are the greats; the films that entertain us, while ..read more

As employees look to find that all-important work-life balance, employers must tread a fine line between supporting employees to work flexibly whilst also being compliant with employment laws surrounding holidays and time off. In recent years, the concept of workations has grown in popularity. But what are they, and should you be enabling your employees to take them? What potential benefits and consequences could they bring to your small business? Let’s take a look… Verifying Get the latest startup news, straight to your inbox Stay informed on the top business stories with Startups.co.uk’s ..read more

When it comes to getting to grips with the employment law surrounding holidays and time off, one phrase you may have come across is sabbatical leave. “Going on sabbatical” is a common part of working culture and, as an employer, you need to understand exactly what sabbatical leave is, and what it could mean for your staff and business. Verifying Get the latest startup news, straight to your inbox Stay informed on the top business stories with Startups.co.uk’s weekly newsletter Please fill in your name Please fill in your email Subscribe By signing up to receive our newsletter, you agree ..read more