Tagged: united kingdom

November 1, 2023 @ 11:27 am By JD Alois  |  

The British Business Bank says it has agreed to a £100 million ENABLE Guarantee transaction with Oxbury Bank, a financial institution that focuses on farmers, food production and the rural economy. Oxbury is described as an “AgTech” bank that operates a Fintech platform called OxburyEarth… Read More

November 1, 2023 @ 9:18 am By Omar Faridi  |  

Mangopay, a platform-specific payment infrastructure provider, announces that it has been authorized by the Financial Conduct Authority (FCA) as an Electronic Money Institution (EMI). MangoPay is a successful, France-based Fintech that was acquired by a French bank in 2015. The new e-money license from the… Read More

November 1, 2023 @ 6:22 am By Omar Faridi  |  

Atom bank, the UK’s first app based bank, has raised over £100m in new equity capital from long-term shareholders BBVA, Toscafund and Infinity Investment Partners. This is believed to be the largest private capital raise “by a digital bank in the UK this year, and… Read More

October 31, 2023 @ 11:38 am By JD Alois  |  

Yesterday, CI reported that multiple regulators around the world had announced a partnership to collaborate on digital asset, or crypto asset, innovation. The goal is to enable innovation to thrive while protecting investors. The agencies participating in the partnership include the UK Financial Conduct Authority… Read More

October 31, 2023 @ 10:28 am By Omar Faridi  |  

Despite a challenging economic environment, 101 new businesses were created every hour across the UK in the first half of 2023, according to research by iwoca – one of Europe’s largest small business lenders. Analysis of Companies House data reveals “that over 436,000 businesses were… Read More

October 31, 2023 @ 10:25 am By Omar Faridi  |  

Smart Pension, one of the UK’s workplace pension providers, and Mercer, the global consulting and investments leader and a business of Marsh McLennan (NYSE:MMC),  launch a new pension solution to meet the accelerating demand for modern retirement technology amongst the UK’s 5.5 million small and… Read More

October 31, 2023 @ 8:11 am By Omar Faridi  |  

Business confidence in the UK rose to 39% in October, “a three-point increase, to reach the second highest level in 2023–surpassed only in August (41%),” according to an update shared by Lloyds Banking Group. The confidence level this month is “significantly above the long-term average… Read More

October 30, 2023 @ 12:19 pm By Omar Faridi  |  

Darwinbox is pleased to announce a new strategic alliance with PwC UK – the second-largest professional services network. This alliance will help bring Darwinbox’s innovative HR solutions “across UK and EU markets, in addition to offering better and faster implementations and time-to-value for clients.” PwC… Read More

October 30, 2023 @ 11:45 am By Omar Faridi  |  

PrimaryBid was pleased to support FTSE 250 storage company Big Yellow Group plc (LSE:BYG), on its recent fundraise. Big Yellow raised approximately £110 million through “a placing to institutional investors, the company’s executive directors, plus a retail offer via the PrimaryBid platform with the proceeds… Read More

October 30, 2023 @ 11:15 am By JD Alois  |  

The Monetary Authority of Singapore (MAS), the Financial Services Agency of Japan (FSA), the Swiss Financial Market Supervisory Authority (FINMA), and the United Kingdom’s Financial Conduct Authority (FCA) will partner on digital asset innovation, including pilots in fixed income, foreign exchange and asset management products…. Read More

October 30, 2023 @ 10:36 am By JD Alois  |  

The UK government has released the results of a consultation on the regulation of digital assets or crypto.  The update includes information on fiat-backed stablecoins and managing “systemic digital settlement asset firms.” The consultation kicked off in February of this year and was completed at… Read More

October 30, 2023 @ 8:57 am By Omar Faridi  |  

The combined business simplifies the firm’s organizational structure and better meets KPMG UK’s client needs with an ‘end-to-end’ service under one roof. The combination is already working successfully “in other KPMG member firms and aligns to KPMG’s multi-disciplinary model, enabling its people to access greater… Read More

October 27, 2023 @ 10:53 pm By Omar Faridi  |  

Financial super app Curve, which consolidates all your debit and credit cards into one card and app, has just launched its first ever credit card in the UK. The new Curve credit card “has all the bells and whistles of Curve, supercharged with greater security… Read More

October 27, 2023 @ 7:41 am By Omar Faridi  |  

Uk’s digital bank Monzo is reportedly holding discussions in order to potentially sell a new £300 million stake. As first reported by Sky News, the share sale, which may value Monzo at over £3.5 billion, is probably the final such transaction before it goes after… Read More

October 26, 2023 @ 11:10 pm By Omar Faridi  |  

UK’s “greener” digital bank Tandem has committed to a new office in London, “reconfirming its commitment to the UK’s fintech capital.” The new site, located in 10 Bloomsbury Way, London WC1A 2SL “offers an excellent location with facilities and infrastructure, enabling Tandem to add yet… Read More

October 26, 2023 @ 10:13 pm By Omar Faridi  |  

Elavon Financial Services DAC, a wholly owned subsidiary of U.S. Bank, has been authorized as a licensed provider of financial services by the Bank of England. With Elavon having more than three decades of experience in global payments, and U.S. Bank a long history in… Read More

October 26, 2023 @ 12:01 pm By JD Alois  |  

multifi has received a commitment of £10 million from Fasanara Capital to support UK SMEs, according to a statement from the company. The digital lender says businesses may tap into credit of up to £200,000 with a fixed monthly access fee of 0.3% and an interest… Read More

October 26, 2023 @ 10:27 am By JD Alois  |  

The Enterprise Investment Scheme (EIS) and Seed Investment Enterprise Scheme (SEIS) provide materially important tax benefits for investors in early-stage firms in the UK. Designed to encourage the support of entrepreneurs and younger firms, EIS and SEIS mitigate risk for investors while possibly generating tax-free… Read More

October 26, 2023 @ 9:01 am By JD Alois  |  

The Future Fund was one of several programs designed by the UK government to backstop firms during the COVID crisis. Managed by the British Business Bank, the Future Fund was created to help early-stage ventures which frequently need ongoing cash injections to get to profitability…. Read More

October 24, 2023 @ 8:34 am By JD Alois  |  

It was more a question of when. Today, Seedrs has issued a statement today that it has been approved under ECSPR – European Crowdfunding Services Provider regulation – to facilitate online capital formation across the EU. Owned by US-based Fintech Republic, Seedrs is already one… Read More