Tagged: uk

UK’s LendInvest Announces £500M Investment to Fund Future Mortgage Originations for its BTL, Residential Mortgage Products

LendInvest plc (AIM: LINV), which claims to be the UK’s leading platform for mortgages, has announced a £500 million investment “to fund part of its future mortgage originations for its Buy-to-Let and Residential Mortgage products from Chetwood Financial Limited.” This new funding will “further the… Read More

Qardus, an Ethical and Sharia-Compliant Financing Platform for Social Impact SMEs, Secures £318,837 via Seedrs

Qardus, which claims to be an ethical & Sharia-compliant financing platform for social impact SMEs and investors, has secured 106% (£318,837) of its £300,002 target from 153 investors (at the time of writing) with 17 days left in the firm’s crowdfunding campaign carried out via… Read More

UK’s Shawbrook Announces Appointment of Sarah Woolf as Senior Regional Dev Manager, Part of Real Estate Team

Shawbrook has announced the appointment of Sarah Woolf as the new Senior Regional Development Manager in its Real Estate team. Sarah originally joined Shawbrook in 2012 “as a Business Development Manager, and in 2016 took on the role of Head of Sales.” Sarah left Shawbrook… Read More

UK’s PensionBee Shares Insights on How Retirement Savings Are Impacted by Providing Unpaid Care

Two-in-three people are likely to take time out “to provide unpaid care at some point during their working life,” according to a new report from online pension provider, PensionBee. The Carer’s Pension Gap report highlights “the extent of unpaid care in the UK and how… Read More

Chris Ansara: CEO of UK Regtech docStribute and Colleague Share Insights on Necessity of Digital Transformation

Chris Ansara, CEO of UK-based Regtech startup docStribute and Chair, Phil Shelley, have shared their career insights on the necessity of digital transformation in order to meet FCA regulations as well as decarbonize global business. As many sectors struggle to meet regulatory demands, particularly financial… Read More

BNPL: UK Firms Can Now Give Trade Clients 12 Months to Pay for Products with iwoca B2B Payments

Businesses in the UK can now give their trade customers up to 12 months to pay for products or services, with a new feature of iwoca‘s integrated B2B payments solution iwocaPay. Building on a 3 month offering, iwocaPay has now added “a second option allowing… Read More

Digital Assets: Gemini Welcomes Voyager Clients to their Platform

Through July 23, 2023, Voyager customers impacted by the Voyager bankruptcy can create a Gemini account “to withdraw their crypto in-kind, pursuant to the claims of the distribution process.” Gemini are pleased “to offer a promotional welcome to all Voyager customers who join Gemini.” New… Read More

UK: Financial Services and Markets Act 2023 Approved, Includes Crypto Regulation as UK Moves to Enable Global Crypto Hub

The Financial Services and Markets Act 2023 has been granted Royal Assent. The comprehensive legislation aims to grow the UK economy while enabling innovation. London has long been a top global financial services center. This leadership has morphed into the UK becoming one of the… Read More

NatWest Group Offers Incentive to UK Firms Switching Main Business Banking Account to NatWest

NatWest, which claims to be the UK’s biggest bank for business, is offering 24 months of free business banking to UK businesses “switching their main business banking account to NatWest.” The new SME switcher offer from NatWest for businesses “with up to £2m in turnover… Read More

Mastercard Unveils Multi Token Network (MTN) to Scale, Secure Blockchain Tech

Mastercard (NYSE: MA) announced the launch of the Multi Token Network (MTN), a set of core capabilities designed to make transactions within the blockchain and digital asset ecosystems secure, scalable and interoperable – enabling payment applications and trade more efficiently. A new solution for the… Read More

Digital Assets: UK Law Commission Suggests New Property Law Category for Crypto-Assets

UK law may be able to accommodate crypto-assets by introducing a new category of personal property that may include digital assets, independent body the Law Commission stated on Wednesday (June 28, 2023). In a ne report that has been commissioned by the government, the Law… Read More

Neobank Nebeus Overfunding on Seedrs

Fintechs, including neobanks, have been one of the hottest sectors of venture funding around the world. This segment of private capital is also one of the hottest sectors for online capital formation as entrepreneurs rush to disrupt the somewhat antediluvian banking world. Nebeus is a… Read More

UK Fintech Freetrade, the Builder of an App for Consumers’ Life Savings, Raises £1.76M+ via Crowdcube

Freetrade, which claims it is building the home screen app for your life savings, has raised 176% (£1,764,417.20) of its £1,000,000 target (from 3194 investors with 3 days left in the sale at the time of writing) through its crowdfunding campaign, carried out via Crowdcube…. Read More

Seedrs CEO: We are seeing green shoots of renewed positivity for tech on our platform”

Seedrs CEO Jeff Kelisky says it is time to “double down on the bustling UK tech sector.” In a blog post, Kelisky noted that expectations are for VC funding in European startups to be over 50% less in 2023 than in 2021 due to the… Read More

PayPal, KKR Announce Long-Term Cooperation for European Pay Later Receivables

PayPal Holdings, Inc. (NASDAQ: PYPL) and KKR, a global investment firm, announced the signing of an exclusive multi-year agreement “for a €3 billion replenishing loan commitment under which private credit funds and accounts managed by KKR will purchase up to €40 billion of buy now,… Read More

UK Fintech Modulr Expands Embedded Payments Services to France, Spain

UK Fintech Modulr has reportedly expanded its embedded payments product offerings to France and Spain. With this recent expansion move as well as a layer of localization, French and Spanish companies are able to leverage Modulr’s embedded payments solutions to enhance their market competitiveness within… Read More

AI-Enhanced Risk Decisioning Software Firm Provenir Appoints Carol Hamilton as Chief Product Officer

Provenir, which claims to be a global leader in data and AI-powered risk decisioning software, announced the appointment of Carol Hamilton as its Chief Product Officer. Based in Provenir’s London office, Hamilton will be “responsible for shaping the company’s global product strategy, overseeing product development… Read More

Investors Foresee a Future Where ChatGPT Provides Solid Financial Advice: Survey

The news cycle is consumed with the debate about artificial intelligence (AI) and how it is going to transform the world. AI, machine learning has been integrated into various Fintech platforms for years now but the rise of ChatGPT has drawn more interest and scrutiny…. Read More

UK’s Funding Circle Facilitates £240M Securitization of Investor’s SME Loan Portfolio

Funding Circle (LSE: FCH),which claims to be the UK’s largest small business lending platform, and Waterfall Asset Management (WAM), a multi-national institutional asset manager, announce “the closing of a £240m securitization backed by SME loans.” The loans, “financed by funds managed by WAM, and originated… Read More

UK’s LHV Bank Selected by Montonio for Enhancements to Digital Commerce Payments

LHV Bank, a banking services provider to Fintech companies, has been selected by Montonio, a “rapidly growing” e-commerce checkout solution provider, to enhance its merchant services. LHV Bank’s robust API-driven infrastructure “will serve as the backbone for Montonio’s enhanced customer experience.” With LHV Bank’s suite… Read More

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