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AltFi, the London-based fintech news company, has shut down, 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.
“While our purpose, journalism and logo supporters have never been in doubt, we have faced serious headwinds over the past 18 months.
“Indeed, we have enjoyed playing our part in supporting the successful expansion of UK fintech. We have met many other fantastic people and companies, unsurprisingly, having this time covered the lifespan of so many current rivals .
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 firm listed 15 members of staff 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’re a reader, participant, customer, or vendor, we thank you for making the AltFi network so special,” the company said today.