n n n ‘.concat(e.i18n.t(“search.voice.recognition_retry”),’n
London-based fintech news website AltFi has shut for business, the company announced today.
In a message posted on its website, the company said, “It is with deep regret that we tell you that after 10 years of operation, we have terminated the AltFi business.
“Whilst our purpose, journalism and brand following has never been in doubt, we have faced severe headwinds over the last 18 months.
“In fact, we have enjoyed betting our role in supporting the successful expansion of UK fintech. We’ve met many other fantastic people and companies, unsurprisingly, having covered the lifespan of so many current rivals this time around.
AltFi was founded in 2013 by financial journalist David Stevenson, a columnist for the Financial Times, and has been led by editor-in-chief Daniel Lanyon for more than eight years. He has hosted a number of corporate events for London’s fintech industry, adding the Festival Of Finance, AltFi Lending Summit, AltFi Awards, and Money Talks webinars.
The company indexed 15 members on its website. Its parent company, ETF Stream, posted a loss of £2. 6 million in 2022 and took out a £200,000 loan in May 2023 in a bid to stay afloat.
“Whether you were a reader, attendee, client or supplier, we thank you for making the AltFi community so special,” the firm said today.