Tagged: london

July 23, 2020 @ 11:15 pm By Omar Faridi  |  

IslamicMarkets Ltd, an established learning and market intelligence provider for Islamic financial and commercial markets (with offices in London and Kuala Lumpur), has reportedly acquired additional funding from the DDCAP Group. Both companies are committed to expanding the global Islamic economy and supporting the development… Read More

July 19, 2020 @ 8:29 pm By Omar Faridi  |  

A recent blog post notes that since the COVID-19 pandemic began, there’s been a significant acceleration in digital banks and P2P wallet activity volume (during the first half of 2020). The blog states that the impact of the Coronavirus crisis has “disproportionately” affected the world’s… Read More

July 17, 2020 @ 11:46 am By Omar Faridi  |  

UK-based Fintech Vesuvio Labs is reportedly planning to establish an investment business in the Middle Eastern nation of Qatar in order to further expand its operations and assist firms in Doha, particularly startups, with branching out into other global markets. Vesuvio Labs is a vertically… Read More

July 14, 2020 @ 7:19 am By Omar Faridi  |  

Fintech firm Lanistar, an alternative financial services provider, has acquired £15 million in additional capital in order to support its upcoming commercial launch later this year. Established in 2019, the personal financial management company has received funding from family members of CEO, Gurhan Kiziloz, which… Read More

July 11, 2020 @ 4:12 pm By Omar Faridi  |  

London-based Cogress, a leading property investment company, confirmed that it’s getting ready to begin lending soon as the company prepares to secure £5.5 million in capital through its investors, after finalizing several new deals. Cogress raises funds via private equity, hotel investments, and mezzanine debt…. Read More

July 11, 2020 @ 12:05 pm By Omar Faridi  |  

Monument Bank, a new all-digital bank that’s reportedly backed by City of London veterans, is preparing for launch in the coming months. The digital challenger aims to serve the UK’s “mass affluent.” The digital-only bank is currently in the final stages of acquiring a banking… Read More

July 5, 2020 @ 7:17 pm By Omar Faridi  |  

Village Capital helps company founders and business owners through its accelerator program. There are 11 early-stage Fintech firms that will be taking part in Village Capital’s investment-readiness program, called Finance Forward Europe. The initiative is part of Finance Forward, which is a multi-year global coalition… Read More

June 27, 2020 @ 7:22 pm By Omar Faridi  |  

Fintech firm Lanistar, an alternative financial services provider, has reportedly chosen Jumio’s biometric ID verification technology to complete its customer onboarding process. Lanistar is planning to use Jumio’s software when it launches a polymorphic debit card later this year. The digital ID verification solution will… Read More

June 16, 2020 @ 2:43 am By Omar Faridi  |  

Bruce Pannaman, co-founder at StorkCard, a London-based financial services firm that says it’s pioneering “life-stage finance” and transforming the “relationship that parents have with money,” revealed that lockdowns imposed due to COVID-19 have “accelerated trends” around mobile payments.  Pannaman noted: “It’s estimated that over 30%… Read More

June 13, 2020 @ 4:49 pm By Omar Faridi  |  

UK-based Fintech firm OMG officially launched its platform on June 10, 2020. The company noted via Twitter: “We are a Fintech startup looking to provide our customers with day-to-day current accounts that will give instant cashback discounts for up to 50% of the purchase price.”… Read More

June 10, 2020 @ 7:03 am By Omar Faridi  |  

London’s Fintech sector has been growing steadily during the pandemic as significantly more consumers begin to use all-digital financial services. Nearly 40% of VC investments made this year in London’s tech startups involved Fintech projects, according to a report from Tech Nation and Dealroom for… Read More

June 8, 2020 @ 8:18 am By Omar Faridi  |  

CapitalRise, an online platform for prime property lending and investing, has reportedly facilitated 37.5% more loan volumes during the first five months of 2020, when compared to its overall lending during its initial 18 months of operation. CapitalRise is a Fintech that previously raised growth… Read More

June 6, 2020 @ 3:01 pm By Omar Faridi  |  

Investments in UK based Fintech businesses surged by 500% during the past five years, and has surpassed funding levels in the US, which also experienced a significant 170% growth during the same period. Meanwhile, Europe saw a 133% increase in total financial technology investments. UK… Read More

June 6, 2020 @ 2:59 pm By Omar Faridi  |  

Martin Best, CMO at Wirex, confirmed in a blog post on June 4, 2020, that the London-based financial services firm will allow users to purchase, hold and exchange New Zealand dollars (NZD) and 19 other currencies including Bitcoin (BTC), Ether (ETH), Singapore dollars (SGD), and… Read More

June 4, 2020 @ 7:48 am By Omar Faridi  |  

UK-based Minted, a Shariah-compliant platform for trading gold, is planning to launch in the coming months. Co-founder Shahmad Ahmed told Salam Gateway that his company has acquired regulatory approval from the Financial Conduct Authority (FCA) to serve as an e-money business. He noted that Minted’s… Read More

June 4, 2020 @ 12:54 am By Omar Faridi  |  

London-based Plutus​, a Fintech firm that helps users easily convert their digital assets at 0% into major fiat currencies including the British pound (GBP) and Euros, has announced an affiliate partnership with sports apparel giant, Nike. Through the partnership, users will be able to earn… Read More

May 31, 2020 @ 5:32 pm By Omar Faridi  |  

London-based SatoshiPay, a Fintech firm that aims to provide fast and affordable payment solutions, has teamed up with the San Francisco-headquartered Stellar Development Foundation (SDF). According to a release, SatoshiPay has received a $550,000 investment from SDF’s Enterprise Fund. The funds will be used to… Read More

May 30, 2020 @ 1:04 am By Omar Faridi  |  

CoinShares, a crypto asset management company that provides financial products and services for professional investors, has launched the CoinShares Gold and Crypto assets Index (CGCI). The CGCI is reportedly the first EU Benchmark Regulations (EU BMR) compliant index for the digital asset sector that combines… Read More

May 25, 2020 @ 2:33 pm By Omar Faridi  |  

Ed Lane, VP of Sales for the EMEA region at nCino, a US-based cloud banking provider, has argued that the United Kingdom still leads the evolving global digital banking sector. Lane, who has previously served in senior management roles at Oracle and Salesforce, writes that… Read More

May 14, 2020 @ 7:49 am By Omar Faridi  |  

  UK-based Anna, a mobile business current account and financial administrative assistant services provider for SMEs and gig economy workers, is reportedly looking to expand its operations into Europe. Anna’s management has sold a majority stake in the company to ABHH, an established multinational banking… Read More