Tagged: london

January 11, 2023 @ 8:48 am By Omar Faridi  |  

Tide, the UK’s business banking platform, has announced the appointment of Vinay Ramani to the new role of Chief Product Officer. Vinay will drive Tide’s vision “for its global product strategy, broaden Tide’s small business-focused offering in the UK and India, and progress Tide’s members’… Read More

January 4, 2023 @ 11:27 pm By Omar Faridi  |  

Historically, London has enjoyed an “outsized” role in euro-denominated financial transactions, according to an update shared by the Bank for International Settlements (BIS). BIS has examined the latest evidence on whether Brexit has “affected its central role in trading of interest rate derivatives, foreign exchange,… Read More

January 2, 2023 @ 9:37 pm By Omar Faridi  |  

TapTop, which is reportedly led by ex-Morgan Stanley, Credit Suisse & PayPal, and is aiming to build “an American Express with cryptocurrency,” has raised 106% (£85,143) of its£80,003 target from 96 investors (at the time of writing) with 9 days left in the firm’s crowdfunding campaign,… Read More

December 17, 2022 @ 10:38 am By Omar Faridi  |  

Financial habit forming platform, Updraft, announces its latest investment round, raising another £108 million in equity and debt “to power its ambitious growth strategy and deliver savings to its fast-growing user base of 300k members.” The senior debt funding round of £100 million was “led… Read More

December 17, 2022 @ 10:36 am By Omar Faridi  |  

Euroclear is pleased to announce its acquisition of Goji, a London-based provider of digital access and technology-enabled solutions to private markets, subject to regulatory approvals. Private market assets are currently “valued at $9.8 trillion and are expected to grow to $14.4 trillion by 2025.” This… Read More

December 10, 2022 @ 8:17 pm By Omar Faridi  |  

The Bank of London, the technology company and the “world’s first” purpose-built global clearing, agency, and transaction bank, announced it has become a Directly Connected Settling Participant (DCSP) of Bacs, which is “owned and operated by Pay.UK, the recognized operator and standards body for the… Read More

December 2, 2022 @ 3:53 pm By Omar Faridi  |  

Regtech startup docStribute has joined the Mia-Platform Partner Network. Effective immediately, docStribute solutions will be “available to businesses on the Mia-Platform Marketplace.” docStribute  uses “a distributed ledger application that utilizes a decentralized public network known as hashgraph, a secure, shared database that everyone can read… Read More

November 28, 2022 @ 7:35 am By Omar Faridi  |  

Darksquare, which aims to open up the world of alternative investments to individuals, has secured 98% (£197,350) of its £200,002 fundraising target from 82 investors (at the time of writing) with 23 days left in the firm’s crowdfunding campaign, carried out via Seedrs. Located in… Read More

November 26, 2022 @ 6:31 pm By Omar Faridi  |  

QUANTIFEED, the provider of digital wealth management solutions, announces that it has acquired ALPIMA, a London-based portfolio construction, visualisation, and analytics fintech company. Alex Ypsilanti, Co-Founder and CEO of Quantifeed, said: “We are very excited about bringing together two hugely talented teams of financial engineers… Read More

November 25, 2022 @ 7:07 pm By Omar Faridi  |  

Volt, the global gateway for open banking payments in Europe, the UK and Brazil, and Kriptomat, one of the “fastest-growing” European cryptocurrency exchange platforms, are announcing a partnership “to enable Kriptomat customers throughout Europe to make real-time account-to-account payments to buy, sell and exchange cryptocurrencies.”… Read More

November 16, 2022 @ 8:24 am By Omar Faridi  |  

Banked Ltd, the London-based Fintech company building a next-gen global payment network, announced that it has raised over $15 million in a Series A extension round, “led by global software investor Insight Partners.” The investment round was “supported by Citi and National Australia Bank Ventures,… Read More

November 14, 2022 @ 8:07 am By Omar Faridi  |  

After expansive growth in both client base and product offerings, Addepar is pleased to announce “the continued growth of their European presence.” The opening of their London office “follows last year’s expansion in Edinburgh.” CEO Eric Poirier said: “We’re excited to see this addition to our… Read More

November 13, 2022 @ 10:48 pm By Omar Faridi  |  

Wayhome has raised 102% (£3,087,566) of its £3,000,001 target from 448 investors via its crowdfunding campaign, carried out via Seedrs. There are now (at the time of writing) 20 days left in this sale. According to the Wayhome team, they aim to offer “a new… Read More

November 9, 2022 @ 10:37 pm By Omar Faridi  |  

Weavr, a London-headquartered technology provider that empowers businesses with plug-and-play embedded finance solutions, sets up in Singapore “as part of its mission to make embedded financial services available to any digital business.” Backed by a US$40m Series A led by American investment firm Tiger Global,… Read More

November 7, 2022 @ 3:11 pm By Omar Faridi  |  

impak Ratings, an impact analysis, and ratings Fintech, acquires 100% of London-based Exerica’s assets to expand its AI capabilities. Exerica’s entire team will be “integrated into impak’s production processes along with its proprietary AI data extraction and contextualization software.” This will “increase production capacity for… Read More

October 26, 2022 @ 11:32 pm By Omar Faridi  |  

YuLife, the tech-driven financial services brand on a mission to inspire life, announced that it is launching in the United States. Founded in London in 2016, YuLife claims it “achieved rapid traction in the UK insurance market through its flagship product, group life insurance.” The… Read More

October 19, 2022 @ 8:14 am By Omar Faridi  |  

Paytrix, an embedded payments company for “high-growth” vertical software platforms, announced that it has secured £5 million of new capital.” The investment round was “led by Hambro Perks, an international investment firm focused on private investing, alongside investment from Bain Capital Ventures, Fin VC, Better… Read More

October 17, 2022 @ 11:27 pm By Omar Faridi  |  

Developed by Lockton’s Emerging Asset Protection (LEAP) team in collaboration with global custody insurers, the facility is supported by Lloyd’s syndicates, together with “highly rated” insurance companies. This provides Lockton clients with policy wording and full access to London market capacity, estimated today “to be… Read More

October 17, 2022 @ 8:36 am By Omar Faridi  |  

Prime property finance firm CapitalRise has reached £200 million in prime property loan origination, funding developments across London and the home counties to the value of over £640 million. As noted in a blog post, CapitalRise originated £99 million of these loans in a 12-month… Read More

October 14, 2022 @ 1:35 pm By Omar Faridi  |  

YuLife, the tech-driven financial services brand on a mission to inspire life, recently announced that funds and accounts advised by T. Rowe Price Associates, Inc. have joined as investors in the company, “having participated in YuLife’s recent Series C funding round.” The investment, along with… Read More