Nikhil Rathi, Chief Executive of the UK Financial Conduct Authority (FCA), delivered a speech yesterday during a presentation at UK Fintech Week. Entitled, Levelling the playing field – Rathi provided perspective on innovation in financial services. He said that in 2019, Fintech revenue rose to… Read More
UK-based 3s.money, a startup that assists corporates with accepting and managing their bank transfers in foreign markets, has reached a £40 million valuation following a £3 million Series B round that was led by TMT Investments. As stated on 3s.money’s website: “3S Money is a… Read More
UK-based Fintech OakNorth has reportedly entered into software deals with US banking institutions Capital One and Fifth Third, according to a report from BI. The London-headquartered Fintech firm has managed to onboard two new clients for its credit intelligence product offering. Capital One and Fifth… Read More
UK-based Fintech Payhawk, a company focused on developing the “financial system of tomorrow” that combines credit cards, payments, and expenses into “one experience,” has revealed that they’ve closed a $20 million Series A financing round. The firm’s management noted on April 20, 2021, that this… Read More
London-based Clear Junction, a global payments solution provider, revealed on Tuesday (April 20, 2021) that it’s offering banking and payments solutions to Turicum Private Bank, with a key focus on handling real-time payments in GBP and EUR. Turicum Private Bank is a privately-owned banking institution… Read More
UK-based digital banking challenger Starling‘s CEO Anne Boden has revealed that the Fintech Unicorn is now well-positioned to acquire another lender. Boden also noted that there’s not a significant requirement for technology visas since the UK has the required talent. Starling, which has strategic funding… Read More
Folk2Folk, a peer-to-peer lender serving UK SMEs, is reporting a big start to the new tax year for its Innovative Finance ISA (IFISA). According to the company, the first week of the new 2021/22 tax year saw a 200% increase in ISA inflows compared to… Read More
James Butterfill, Investment Strategist at London-based CoinShares, a digital asset manager focused on expanding access to the cryptocurrency ecosystem while serving as a “trusted partner” for its clients, notes in a blog post published on Monday (April 19, 2021) that inflows into digital asset investment… Read More
London-based Credit Kudos, the challenger credit reference agency and Open Banking solution provider, revealed on Tuesday (April 20, 2021) that it has been chosen as the Open Banking provider for Curve, the Fintech company that aims to bring your cards into one smart card and… Read More
London-based Fintech FintechOS, which aims to empower banks and insurers to become “future-ready,” revealed on Tuesday (April 20, 2021) that it has secured $60 million in capital through a Series B round that was led by Draper Esprit. FintechOS’ management noted: “FintechOS the global technology… Read More
Less than two years after raising more than £1.2 million through its previous Seedrs campaign, Much Better Adventures, a UK-based traveling platform, has returned to the equity crowdfunding platform and has quickly surpassed its £800,000 funding target. The funding round has already attracted nearly 725 Seedrs… Read More
White Peak Distillery, a distillery based in the Peak District region, has raised more than £1.14 million through its equity crowdfunding campaign on Crowdcube. The funding round, which originally sought to raise £500,000, has so far attracted nearly 800 Crowdcube investors. Founded in 2016, White Peak Distillery… Read More
The West Midlands has joined the Innovate Finance Fintech National Network, the UK’s first network connecting Fintech hubs and supporting nationwide financial innovation. The West Midlands has been championing its region for some time promoting it as a viable and less expensive to the greater… Read More
The Buy Now, Pay Later or BNPL industry continues to receive substantial investments with UK-based BNPL Zilch securing $80 million in capital at a $500 million valuation. Zilch launched its services in beta mode back in 2019. The company was planning to distinguish itself from… Read More
Starling, a leading UK-based digital bank, revealed on Monday (April 19, 2021) that it has received a £50 million investment from Goldman Sachs Growth Equity. The latest investment is reportedly an extension of the digital bank’s oversubscribed £272 million Series D investment round that… Read More
We recently connected with Danial Daychopan, CEO and Founder of UK-based Plutus, a financial services provider that aims to bridge the gap between traditional fiat currencies and “upcoming” cryptocurrencies. Plutus says it offers the “best of both worlds,” which includes centralized fiat and non-custodial crypto,… Read More
The founder of digital banking challenger Revolut is reportedly planning a new round of funding that could value the Fintech at over £7.2 billion (appr. $10 billion). Sky News reports that the digital bank may be looking to work with FT Partners, the US-headquartered Fintech-focused… Read More
MENA region startups secured $170 million in capital during March 2021, which is reportedly a 6% increase month-over-month, across 43 different deals, according to local sources. This notably takes the total funds raised during Q1 2021 to $396 million across 125 different deals, which is… Read More
Transcard, a U.S.-based digital payments platform, announced on Friday the launch of its business entity in the UK. Founded in 2012, Transcard describes itself as a SaaS funds disbursement and management platform that takes regulatory, time and cost burdens off payers while providing payees… Read More
UK banking group NatWest announced on Thursday the relaunch of its Enterprise program to boost support for scale-up businesses along with climate, fintech, and B-Corp-focused businesses. NatWest revealed that the relaunch follows recent findings from the bank’s report into SME recovery in the UK,… Read More
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