The UK’s largest robo-advisor is struggling to rein in losses (15/21)

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Submitted to "Fintech News Daily 2019: 07-13 October (Open list) (21 submissions)"
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“Amid heavy spending on staff, technology, and marketing in a bid to attract new customers, Nutmeg, the UK’s largest robo platform, has revealed a 50% surge in losses in 2018, reports the Financial Times. During the period, it lost £18.6 million ($22.9 million), compared with £12.4 million ($15.3 million) in 2017.”

Source: Business Insider

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Written by Christophe Langlois

Based in London for almost a decade, Christophe is an entertaining fintech marketing keynote speaker and a trusted advisor to the global financial services industry on the topics of digital marketing, innovation and B2B social media.

Christophe has contributed to over 140 events in 18 countries.

Currently, Christophe is advising a number of fintech startups on marketing and growth hacking and he is the Chief Marketing Officer of The Fintech Power 50, an exclusive annual programme helping fintech scale-ups to accelerate their growth globally.

Christophe's views on VisibleBanking.com are his own.

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