Tagged: united kingdom

Brief: European Money Collection Platform Leetchi Launches Services in the UK

London UK Taxi Flag

Leetchi, a European money collection platform, announced on Thursday it is launching its services in the UK. The company, which was launched in 2009, was acquired by French bank Crédit Mutuel Arkéa last year. It has over six million users from more than 150 countries and… Read More

UK Investors are Turning to Alternative Finance in Low Interest Rate World


A report published by IW Capital, that researched 2000 UK consumers and citizens, stated that 30% of respondents are looking towards EIS investments in this historically low-interest rate environment.  The Bank of England pegged interest rates at 0.25% following Brexit, the lowest level in British… Read More

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

Overfunding: London Fintech Startup CityFALCON Surpasses £150,000 Funding Target on Seedrs


Less than a month after launching its equity crowdfunding campaign on Seedrs, London-based fintech startup CityFALCON has successfully secured its initial £150,000 funding target from nearly 120 investors. As previously reported, CityFALCON has received various awards from Twitter, Ontario, UBS, SB, stated it is redefining how… Read More

Final Report: FCA on Investment & Corporate Banking

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The Financial Conduct Authority (FCA) has published its final report on the investment and corporate banking sector.  The document was created to help foster competition in the this sector of finance.  The report reflects the interim publication that was released this past April. Christopher Woolard,… Read More

Zucla’s Crowdcube Captures Over £150,000 While in Private Mode


Zucla, a London-based restaurant that creates fresh and healthy tailored lunches, launched a Crowdcube campaign and raised £150,390 from 34 investors while in a private mode. The company originally sought to raise £90,000. Since its debut in January 2016, Zucla has severed more than 40,000 lunches The restaurant currently… Read More

Zopa’s Jaidev Janardana at LendIt Europe: “We Were Profitable in September & We’ll Be Profitable Moving Forward” (Video)


Earlier this week, CEO of peer-to-peer lending platform Zopa Jaidev Janardana took to the stage of the marketplace lending conference, LendIt Europe, to share details about the industry’s growth and development over the past year. During his keynote speech, “2016: Growing Up,” Janardana noted despite… Read More

Cycling Apparel Brand Huez Hits Crowdcube: Seeks Funds For Men’s & Women’s Collections


Huez, a UK-based cycling apparel brand, has launched a Crowdcube campaign to raise £250,000 for its 10 new menswear pieces and first women’s wear collection. The brand stated it uses advanced sportswear fabrics to create its range of cycling clothing that works on and off… Read More

Louise Beaumont Departs GLI for Open Bank Working Group


Louise Beaumont, the long-time Head of Public Affairs & Marketing of GLI Finance has departed the firm. According to her LinkedIn profile, Beaumont has taken a position as Vice-Chair of the Open Bank Working Group. Beaumont has been an outspoken advocate of alternative finance and the… Read More

Put Your Feet Up & Relax: Secret Spa Hits Angels Den to Raise £250,000 For Expansion


Secret Spa, a platform that allows users to book 5-star spa beauty and wellness treatments to their home, office, or hotel, has launched an Angels Den equity crowdfunding campaign. The company is seeking £250,000 as it prepares to grow and expand its services. The company currently… Read More

Update: Moley Robotics Quickly Nears £1M Funding Goal First Week on Seedrs


Last week, London-based Moley Robotics debuted its equity crowdfunding campaign on Seedrs. The company is currently seeking to raise 1 million for its new chef robots, and within one week, it has already achieved £700,000 from nearly 120 investors. As previously reported, Moley Robotics has created what it claims… Read More

Video Editing Platform mooVmoo Looks to Raise £150,000 on Crowdcube


mooVmoo, a UK-based video editing platform, has launched an equity crowdfunding campaign on Crowdcube to raise £150,000 as it prepares to expand and build its new mobile app. The company stated that its platform connects consumers to video editors. For £3 per minute, users can have… Read More

P2P Platform Lending Works Receives Full FCA Authorization

FCA Approved

Lending Works, a consumer peer to peer lending platform, has received full authorisation by the Financial Conduct Authority (FCA).  Lending Works said it had originally applied for FCA approval in October of 2015 and had undergone a “stringent review process”. Lending Works has been operating… Read More

Former Citigroup & HSBC Executive Simon Williams Joins Crowdcube As New Chairman


On Wednesday, equity crowdfunding platform Crowdcube announced it has appointed former Citigroup and HSBC executive, Simon Williams, as a new chairman of its board. Williams notably has over 30 years of experience in banking and investment. The funding portal revealed that Williams is joining the board… Read More

Lord Adair Turner: Direct Lending May Make the Financial System More Stable


  The answer is keep it simple, and  keep it transparent. The above statement came from Lord Adair Turner in a speech delivered at LendIt Europe this week. He was reflecting upon how peer to peer lending can avoid situations of systemic risk as exemplified… Read More

Azoomee to Close Crowdcube Initiative With Nearly £800,000 in Funding

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With less than 24 hours until its Crowdcube campaign closes, child safety app Azoomee is set to finish the initiative with nearly £800,000 in funding from more than 380 investors. The app allows children between the ages of 5 and 8 years old to watch, play,… Read More

Personal Assistant For Parents Nurturey Quickly Secures £128,000 Seedrs Funding Goal


Nurturey, a personal assistant for parents, has recently launched an equity crowdfunding campaign on Seedrs to raise £128,000 to drive user base expansion and engagement. Within a matter of days, the initiative secured its initial funding goal and is currently nearing £150,000 from more than 50 investors. … Read More

The House Crowd Announces New Development Investment in Wilmslow, Cheshire


UK-based real estate crowdfunding platform the House Crowd announced on Monday its latest investment opportunity, called Bollin Heights, in Wilmslow, Cheshire. The round is seeking £3,550,000 and offers earn returns of 10-12 % p.a. The funding portal describes Bollin Heights as a conversion of an existing office building into… Read More

UK P2P Finance Association Releases Major Research on Economics of Peer to Peer Lending


The UK Peer to Peer Finance Association (P2PFA) has released a commissioned study on the economics of the peer to peer lending market in the UK.  The independent assessment, provided by the economic consulting firm of Oxera, analysed the risks, costs and benefits of peer-to-peer… Read More