Tagged: uk

UK’s Metro Bank Enhances Maximum Loan Sizes for Local Properties

Metro Bank has enhanced its maximum loan sizes for residential properties. Metro Bank noted in a blog post that the changes mean that loans up to 90% LTV will have “a maximum loan amount of £1.25m, and loans up to 85% LTV will have a… Read More

UK’s Digital Assets Firm Archax Partners with Talos

Archax, the FCA regulated exchange, broker, and custodian for digital assets, announced a strategic partnership with Talos, the institutional crypto trading platform. Through this partnership, Archax says that it will “leverage it’s FCA cryptoasset registration combined with the market-leading capabilities of the Talos platform to… Read More

UK’s Allica Bank Announces New Integrations to Help Businesses Streamline Operations

Allica Bank – a digital bank for established businesses with 10 or more employees – has announced partnerships with accounting software platforms Sage and Xero. The direct integrations will mean Allica Bank business current account customers that use Sage and Xero can “have their account… Read More

Seedrs Partners with Outpace to Provide Legal Support to Startups

Securities crowdfunding platform Seedrs is partnering with Outpace, a digital legal solution for startups powered by law firm Taylor Wessing. According to Seedrs, issuers that are raising – or having previously raised – money on Seedrs can now access legal solutions and advice from Outpace at “a… Read More

NatWest Group Announces Investment in Payments Fintech Icon Solutions

NatWest Group has announced a strategic minority investment in Icon Solutions, a fintech provider of payments technology and consultancy services. The investment follows the news last September that NatWest “selected Icon Payments Framework (IPF) to accelerate the bank’s payments modernisation.” Launched in 2020, IPF is… Read More

Top Traded Securities on Seedrs Secondary Market

Seedrs is the one securities crowdfunding platform that offers a fairly effective Secondary Marketplace for securities issued on the platform. Issuers must approve the listing to allow secondary trades of their private securities, and many do. This provides an alternative exit path to an acquisition… Read More

Final Crowdfunding Round: THIS Sees Success on Seedrs, Tops Target

Plant-based meat substitute firm THIS is raising money on Seedrs once again. It last raised growth capital on Seedrs in 2020. According to the offering page, THIS is offering a convertible security with a 15% discount at a future priced funding round. The security will… Read More

UK Fintech Anna Money Announces Acquisition of Australia’s GetCape

ANNA is announcing that they’ve acquired GetCape, a Sydney-based fintech that operates as a business spend management platform. The acquisition signals ANNA’s aim to “create a new SaaS (software as a service) category to take on Australia’s ‘big four’ banks, ANZ, CommBank, NAB and Westpac,… Read More

UK Finance Says SME Lending Improves in Q4 of 2023

UK Finance is reporting today that demand for SME financing improved in Q4 of 2023. Last year was difficult for all firms as markets, both public and private, sagged. This was due to rising interest rates paired with inflation as well as geopolitical challenges. However,… Read More

GoCardless Named as Supplier on Crown Commercial Service’s Open Banking Dynamic Purchasing System

Bank payment company GoCardless has been named as a supplier on Crown Commercial Service’s (CCS) Open Banking Dynamic Purchasing System (DPS) framework, the ‘one-stop-shop’ for all open banking services for the public sector. This means GoCardless will “be eligible to bid for account information services… Read More

UK’s Starling Bank Appoints Raman Bhatia as Group Chief Executive Officer

Starling Bank announces the appointment of Raman Bhatia as Group Chief Executive Officer. He will take over from John Mountain, who has “been acting as interim CEO since our founder Anne Boden announced she was stepping back from the role last year.” Raman is currently… Read More

M&G Investments Announces Initial Close of Vintage of Real Estate Debt Funds Including £350M of Capital from Clients

M&G Investments announces the first close of its latest vintage of Real Estate Debt Funds, which includes £350 million of capital from four clients. The capital will be deployed into real estate loans “across Europe originated by M&G’s market leading Real Estate Finance team.” The… Read More

UK Businesses Report Increased Activity, As Business Confidence Improves

The latest NatWest Regional PMI survey showed business activity “growing across most parts of the UK in February.” Business confidence also generally picked up amid “a more broad-based improvement in underlying demand.” Labor market trends remained more varied, however, “with firms in most areas reporting… Read More

Praetura Commercial Finance Reportedly Secures £200M Asset-based Lending Securitization to Help SMEs with Funding Needs

The Praetura Commercial Finance (PCF) team reveals that they have secured a £200m asset-based lending securitisation with Barclays to help more SMEs with their funding needs. The wider Praetura Group team have also “managed to treble their loanbook in three years to over £400m. ”… Read More

Regtech: Wolters Kluwer TAA UK Releases AML Module within CCH iFirm, the Compliance Software Platform

Wolters Kluwer Tax & Accounting (TAA) U.K. has released an anti-money laundering module (AML) within CCH iFirm, its cloud-based practice management and compliance software platform. Wolters Kluwer CCH iFirm AML seamlessly integrates “with CCH Central, Wolters Kluwer TAA’s on-premise system, reducing the need to rekey… Read More

UK Report on Jobs: Recruitment Activity Continued to Weaken Midway Through Opening Quarter of 2024

Recruitment activity across the UK continued to weaken midway through the opening quarter of the year, according to the latest KPMG and REC, UK Report on Jobs survey, compiled by S&P Global. Ongoing economic uncertainty and hesitancy “to commit to new hires amid cost pressures… Read More

UK Fintech Flagstone Reportedly Receives £108M Investment

Estancia Capital Partners LP is reportedly acquiring a minority stake in cash deposit platform Flagstone, so that it can provide more firepower to the UK startup’s line of savings products. Flagstone reportedly stated that the £108 million (appr. $139 million) investment from the private equity… Read More

UK Fintech Wise Could Be Benefitting Considerably From Higher Interest Rates, According to Industry Analyst

Simon Taylor, an experienced Fintech strategist, notes that the latest Fintech results season is witnessing Wise (LSE:WISE) really “hitting its stride.” As HSBC competitor Zing launches, Wise revenue is “up 23% YoY and its above its IPO price.” Simon Taylor has examined why Wise revenuers… Read More

Smart Pension Reports £5 Billion in UK AUM

‍Smart Pension, one of the UK’s workplace pension providers, has announced that its master trusts have reached £5 billion in Assets Under Management (AUM). Smart Pension, which operates the Smart Pension Master Trust, says it “serves over 1.4 million members and more than 70,000 employers… Read More

UK Crowdfunding Association Highlights Beneficial Policies Revealed in Spring Budget

This week, the Chancellor of the Exchequer, Jeremy Hunt, revealed the UK government’s Spring Budget. While the list of policies and changes is rather long, the UK Crowdfunding Association (UKCFA) has highlighted several changes that will benefit the industry. First, there is an increase in the… Read More

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