VibePay and SmartLayer Fold: UK Fintech's Latest Casualties in a Funding Drought
Two more UK fintech hopefuls—VibePay's payments app and SmartLayer's AI home finance tool—just called it quits. It's a stark reminder of the sector's funding freeze.
⚡ Key Takeaways
- UK fintech funding crashed 72% YoY, fueling shutdowns like VibePay and SmartLayer.
- Competition and regs doomed consumer payments and AI home finance niches.
- Expect more closures unless rates fall; pivot to profitable B2B models.
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Originally reported by Finextra
