Tagged: united kingdom

Crowdfest 2016 – London

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Crowdfest: the largest, best supported UK crowdfunding event – ever!  Organised in partnership with the UK Crowdfunding Association and supported by the major platforms and government, Crowdfest is the industry’s flagship event and will be packed with fresh ideas, opportunities and knowledge. Crowdfest is a multi-streamed event… Read More

Lend Responsibly: Folk2Folk CEO Jane Dumeresque Shares Vision of P2P Lending

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In explaining how they are different, Folk2Folk, an up and coming peer to peer lender explains they are “resetting the values around lending money.” While embracing technology that facilitates the lending process, Folk2Folk maintains numerous brick and mortar locations as they believe in dealing with… Read More

Creators of FitnessTech App “Train My Athlete” Looks to Raise £150,000 on Seedrs to Begin American Sports Marketing Efforts

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This week, creators of the FIFA-backed tech platform and fitnesstech app, Train My Athlete, launched an equity crowdfunding campaign on Seedrs to raise £150,000 as they prepare to start marketing efforts to the American sports market and nonsporting institutions, including the NHS and private orthopedic… Read More

GLI Finance Releases H1 2016 Results as WriteDowns Drive Loss

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GLI Finance (LSE:GLIF), a diversified portfolio company focusing on alternative finance, has published its 6-month report for 2016.  The financial results show a a £6.9 million loss from a £5.3 million profit year on year. The loss included £12.9 million in writedowns on investments. GLI’s net asset… Read More

Zoopla Launches “Invest” Channel: Offers Consumers & Would-Be Property Investors the Opportunity to Gain UK Property Market Exposure

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On Monday, Zoopla (LSE:ZPLA) announced the launch of its new  “invest” channel, which reportedly offers consumers and would-be property investors the opportunity to gain exposure to the UK property market. According to the property website, the new channel includes a peer-to-peer lending solution, in partnership with Landbay. It also… Read More

ArchOver Touts Lender Protection Recognition from Independent Research

Angus Dent

Peer to peer lender ArchOver is pointing to a recent report from Equity Development regarding investor protection for lenders using their platform. The report calls ArchOver the “pioneer of secured and insured loans” for SMEs. ArchOver says that to date the platform has not experienced… Read More

UK’s Gower Brewery Launches Crowdcube Initiative: Seeks £350,000 to Expand Keg Products

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This week, UK-based Gower Brewery took to equity crowdfunding portal Crowdcube to raise £350,000 as it prepares to expand its keg products. The brewery has sold more than 700,000 pints of beer across five countries in the past 12 months alone. The company, which was established just… Read More

Manchester Based Invoice Financing Firm Due Course Raises £6.25 Million

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Two-year-old online lender DueCourse has raised £6.25 million with the participation Alex Chesterman, Simon Franks and Rocket Internet affiliated GFC. The Manchester Evening News said DueCourse was queuing up to raise an additional £10 to £15 million in a Series A funding round at some point in… Read More

Overfunding: Premium Cranberry Cider Brand Cranes Secures Seedrs Funding Goal

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Just a couple of weeks after launching its Seedrs crowdfunding campaign, premium cranberry cider brand, Cranes, has successfully secured its initial £95,000 funding goal. As previously reported, the company’s drinks are 100% natural and offer a high juice content over 16%, has only 99 calories per bottle,… Read More

Report: Fintech Collaboration is Key for Investment Banks

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EY, in collaboration with Innovate Finance, has published a report on the need for investment banks to collaborate with Fintech firms and embrace innovation.  Entitled Capital Markets: Innovation and the Fintech Landscape, the authors state that while Fintech may have started with P2P lending, equity… Read More

Travel Website Vakay Announces Promotional Partnership With Uber After Crowdcube Launch

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Vakay, a holiday search platform, recently launched a campaign on equity crowdfunding platform, Crowdcube. The company is seeking to raise £100,000 for the development of its website features and marketing. The new travel website, which was incorporated in 2015, offers users destination recommendations based on their budget… Read More

World of Zing Seeks £150,000 on Crowdcube For New Production Facility

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This week, World of Zing debuted its crowdfunding initiative on Crowdcube. The company is seeking £150,000. Launched in 2014 (although the company states it considers itself the pioneers of exotic and fine ingredients since 1968) by Pritesh Mody, World of Zing offers a range of both food… Read More

New £40M Fund Made Available for Small Business

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As part of the ongoing policy initiative to keep the UK economy chugging along, Margo James, the Small Business Minister, announced the creation of a  the British Business Bank’s 21st Enterprise Capital Fund, to be run by Active PE. The fund is aimed at helping… Read More

Success: London Juice Brand Daily Dose Overfunds First Week on Crowdcube

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Last week, London-based juice brand, Daily Dose, launched its equity crowdfunding campaign on Crowdcube. The company was originally seeking a minimum of £75,000 and within a matter of days, the initiative successfully secured the funding goal. It is now nearly £113,000 thanks to over 160 investors. As previously… Read More

Big Fine: CFO Lending Provides £34 Million Redress for Unfair Lending Practices with FCA Agreement

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The Financial Conduct Authority (FCA) has slapped down CFO Lending, a payday loan firm, for unfair lending practices.  CFO Lending also operated as Payday First, Flexible First, Money Resolve, Paycfo, Payday Advance and Payday Credit. According to the FCA, CFO Lending will provide over £34… Read More

Revenue Up 46% at RateSetter. Pre-Tax Loss Stands at £4.9 Million

Rhydian Lewis

RateSetter has released its accounts for 2015 – 2016.  According to their financial results, top line revenue increased 46% to £18.5 million from £12.6 million versus prior period. The increase in revenue was paired with a pre-tax loss of £4.9 million compared to a pre-tax… Read More

Innovate Finance States Global VC Investment in Fintech Up Versus 2015

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Innovate Finance, an association for the global Fintech industry founded in 2014, has revealed that global venture capital in Fintech for the first half of 2016 is up significantly. According to their numbers, during the first 6 months of the year, global Fintech investment increased… Read More

Cold Pressed Juice Brand Daily Dose Quickly Nears £75,000 Funding Goal on Crowdcube

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Daily Dose, a juice company, launched an equity crowdfunding campaign on Crowdcube this week to raise £75,000 to increase its online presence. The company is based in London and began trading earlier this year. It is currently stocked in numerous independent cafes and restaurants. The… Read More

Vana Koutsomitis’ DatePlay to Finish Seedrs Run With More Than £215,000

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Vana Koutsomitis and her team are set to close their Seedrs campaign for the dating app, DatePlay, with more than 215,000 from over 375 investors. The initiative was launched  by “The Apprentice” runner-up in July, with an initial funding goal of £120,000 for the app’s development.  As previously reported, DatePlay’s… Read More