Tagged: niels turfboer

TP24 Raises £345 Million in Debt Funding

TP24, a Fintech that offers SMEs revolving loans from £250,000 to £5,000,000, reports that it has raised £345 million in debt funding from Barclays Bank and M&G Investments. TP24 says that £240 million of the funding will be used for lending to SMEs in the… Read More

Lending Fintech Tradeplus24 Launches in UK

Zurich-based lending Fintech Tradeplus24 is launching into the UK, according to a statement from the company. Simultaneously, Tradeplus24 announced it had closed on a £30 million debt facility provided by San Francisco-headquartered global credit fund, Partners for Growth (PFG). This transaction is one of PFG’s… Read More

Fintech Industry Responds to UK Budget 2020

Earlier today, the Chancellor of the Exchequer Rishi Sunak delivered a speech outlining the UK Budget for 2020. A portion of the speech outlined the Government’s policy moves to mitigate the impact of the Coronavirus – an unexpected exogenous shock to the economy that could… Read More

FCA CEO Andrew Bailey to Replace Mark Carney as New Governor of Bank of England

Earlier today, the UK government announced its selection Andrew Bailey to replace Mark Carney as Governor of the Bank of England. Carney’s departure has long been anticipated and, in fact, he extended his tenure at the Bank to help provide an element of stability in… Read More

Theresa May is Out. Brexit Worries Rise as Uncertainty Increases Risk Meanwhile Fintechs Persevere

Long-embattled Prime Minister Theresa May has announced she will depart her office on June 7th thus initiating a scramble as to who will replace her in a historically important time for the UK. The ramifications of Brexit are profound and inestimable. But it is clear… Read More

Now in 3rd Year, Spotcap Fintech Fellowships Open for Applications

The Spotcap Fintech Fellowship program is now open for applications until August 15, 2019. The program seeks to help talented individuals pursue studies in Fintech. The Fellowship offers an £8k award to one postgraduate student studying a fintech related course at a UK university. This… Read More

Autumn Budget: What’s in it for Fintech?

As one would expect, yesterday’s Autumn Budget announcement delivered something for everyone. With Brexit getting closer, the UK Government is in “all-hands” mode seeking to boost the economy in preparation for the European divorce. Chancellor of the Exchequer Philip Hammond stated: “We are at a… Read More

P2P Lending: Funding Circle Moves Forward with Initial Public Offering

The long rumored initial public offering (IPO) of UK based Funding Circle appears to be on track and moving forward with a listing on the London Stock Exchange later this year. In a blog post today, Funding Circle stated; “Today we have announced the next… Read More

Helping to Fill the Talent Gap: Spotcap Announces UK Fintech Fellowship Winner

Spotcap, an online lender for SMEs, has announced Mohammed Hussan as the winner of its Fintech Fellowship 2017. The Fellowship awards one aspiring masters or MBA student with a £8,000 stipend towards their studies. The Fintech sector in the UK is one of the fastest growing sectors industry, adding more than… Read More

How will Expedia Impact Financial Services? 

Sites like Expedia and Booking.com have transformed the travel industry; can comparison sites do the same for financial services? By now we are all familiar with travel comparison sites like Expedia and Booking.com. Plug in your details and the computer will come up with a selection of options –… Read More

Surfing Fintech: Have We Reached the Third Wave?

As an industry, fintech has grown to the point that we can now start analysing its development. Many commentators have divided Fintech’s lifespan into ‘waves’. The first wave is centred around disruption, the second around collaboration, and the third wave – although more disputed –… Read More

European Online Lender Spotcap Set to Open New London Office

On Thursday, European online lender Spotcap announced it is ready to expand into the UK market and will be opening its new London office by the end of the year. Incubated by German investment company Rocket Internet, Spotcap was founded in 2014 and currently offers SMEs credit… Read More