Tagged: scotland

Fintech iwoca Report: UK Business Growth Remained Steady in H1 2023

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

Royal Bank of Scotland Jobs Report: Permanent Appointments and Temp Billings Contracted in Sept 2023

According to the latest Royal Bank of Scotland report on Jobs survey, both permanent staff appointments and temp billings contracted sharply in September. Panellists linked reduced hiring activity “to fewer vacancies, weaker confidence around the outlook, and shortages of suitably-skilled candidates that made it harder… Read More

Scottish Digital Bank Alba to Migrate to Mambu’s Cloud Banking Platform to Manage SME Lending Services

Scottish digital bank Alba Bank announced that it will migrate to Mambu’s cloud banking platform to manage its small and medium-sized enterprise (SME) lending services, as well as its retail and business deposits. Alba bank has been approved for a UK banking licence. Alba Bank… Read More

British Business Bank Announces Fund for Scotland

The British Business Bank has announced a new fund for Scotland. The Investment Fund for Scotland will include £150 million in funding to assist smaller firms. The fund will provide loans from £25,000 to £2 million and equity investments up to £5 million. This is… Read More

Bank of Scotland Reports Decline in Number of First-Time Buyers Amid Tougher Property Market Conditions

The number of first-time buyers in Scotland reportedly “fell by 14% between January and August 2023, compared to the same period in 2022,” according to the latest Bank of Scotland First-Time Buyer Review. This fall is not as sharp as the picture “for the UK… Read More

Fintech Scotland, TSB Open Applications for Innovation Labs Program

From today, TSB is taking applications for fintechs to participate in its third annual TSB Innovation Labs Program – “as the bank and Fintech Scotland encourage a new round of fintech collaboration.” Under the program, winning Fintechs will officially partner “with TSB to offer innovative… Read More

British Business Investments Commits £10 Million to Impact Firm Eos Advisory

Eos Advisory LLP  has received a £10 million commitment from British Business Investments, a subsidiary of the British Business Bank. The funding is part of the Regional Angels Programme and will be allocated to invest alongside Eos’s Angel Syndicate and EIS Innovation Fund.  Eos is… Read More

Fintech Firm Currencycloud Partners with Scottish Startup Skedadle

Currencycloud, which claims to be the expert in simplifying business in a multi-currency world, has partnered with Scottish start-up app Skedadle in order “to provide its users an easy, secure and seamless way to transfer money earned in-app while playing games on public transport.” Skedadle… Read More

loveelectric.cars Receives £1 Million in seed funding

  loveelectric.cars has received over £1 million in seed funding along with a Scottish EDGE prize. The Edinburgh-based Fintech provides low cost leased electric company cars. The cost of leasing through loveelectric.cars is said to be around 50% less than if the car were leased… Read More

Edinburgh Fintech Origo: Startups Being Restricted by Aggressive Recruitment Market

An aggressive recruitment market may hinder startups operating in Scotland’s fast-growing Fintech industry, according to Fintech sector professionals (from Origo). Supported by a £300 million UK Government investment this past August, Edinburgh’s Fintech sector consists of various financial services innovators, however, newcomers seeking out new… Read More

UK’s Landbay Says Buy to Let Sector Needs Extensive Knowledge Base for Advisers, Experienced BDMs

The team at Landbay notes that they believe that as an established lender, they must be able to demonstrate that they’re using the latest technology and continue to enhance the service they provide. Their online platform stands out “as one of the most advanced in… Read More

LendInvest Shares Themes which Could Dominate Residential Bridging Market in 2022

The team at UK’s LendInvest, a leading property finance platform, notes that January was a busy month for their bridging department. LendInvest, which recently topped £2 billion in AUM, also mentioned that their free valuation offer “drove enquiry and application growth as developers and investors… Read More

UK’s Landbay Expects Remortgage Activity to Be Very Strong in 2022

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Leaving the Coronavirus outbreak to one side, the BTL sector is in “good health,” according to an update from Landbay. The value of the private rented sector (PRS) in England, Wales and Scotland surged by 5.8% to £1.4 trillion during the past year, according to… Read More

Fiduciam, the Institutionally-Funded Short-Term Lender to Housebuilders, Is Planning Major Expansion in Scotland

Fiduciam, the institutionally-funded short-term lender to housebuilders and entrepreneurs, is planning an expansion of its operations in Scotland for 2022. A new Scottish team has been formed with a nationwide lending appetite and a target to achieve £55 million of lending this year. Fiduciam is… Read More

Real Estate Report: Typical UK House Prices have Surpassed £250K for First Time Ever

The Nationwide House Price Index for the UK reveals that the price of a typical home has exceeded £250,000 “for the first time.” As noted in a blog post by Blend Network, the annual house price growth “remained close to double digits for the sixth… Read More

Real Estate Report: UK’s Annual House Price Growth Stayed in Double Digits in Sept 2021

The Nationwide House Price Index (in the UK) reveals that the annual house price growth remained steady in double digits for the fifth straight month in September 2021. However, it eased back to 10.0% from 11.0% in August, the Blend Network team notes. The UK-based… Read More

Assetz Capital Says they’ve Seen More Commercial, Investment Mortgages from Borrowers Not Being Served by Traditional Lenders

Lucie Martin, Relationship Director at Assetz Capital, a marketplace lending platform originating secured loans, reveals that she joined the company in November 2019. Martin shared in a blog post by Assetz Capital that she provides term and developments loans to borrowers across Scotland. While commenting… Read More

UK’s P2P Property Backed Investment Platform Sourced Capital Shares Common Strategies Used by Borrowers, Investors

The team at UK-based Sourced Capital, the home of property-backed peer to peer investing, notes that when you’re deciding to invest into property, selecting the appropriate location is a good place to begin, and the type of property investment strategy that Sourced Capital’s Borrowers choose… Read More

Real Estate Report: Northern Ireland was Best-Performing UK Region, with Scotland, West Midlands Housing Prices Also Rising

According to the Nationwide House Price Index in the UK, the price of the average house in the country surged by 13.4% YoY in June 2021, which is the largest increase seen in more than 17 years – since November 2004, the Blend Network team… Read More

Edinburgh Fintech Aveni Acquires Investment to Support AI and Natural Language Processing Platform for Business Speech Analytics

Scottish Fintech firm Aveni has acquired a £1.1 million investment in order to establish an AI platform which is focused on supporting speech analytics for modern businesses. Aveni Detect reportedly uses the latest artificial intelligence and natural language processing (NLP) technologies in order to fully… Read More

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