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Funding Circle says Jacobs is set to depart "by no later than September 2027", with the board now beginning its search for a successor.

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Lofthouse succeeds Triona O'Keefe, who is joining NatWest as the bank's new chief data and analytics officer.

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The transaction is set to be completed in H1 2027. Following this, Stride will rebrand to Chime Bank NA.

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Tazapay will keep its brand following the closure of the transaction, which is set to take place in 2027 subject to regulatory approvals.

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Following the acquisition, Salla has also partnered with domestic fintech Naml to further expand its offering for Saudi Arabian merchants.

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