Tagged: uk

Financial Software Provider Kynetix Introduces Cloud based Solution to Support Reconciliation of Listed Derivatives

Financial software provider Kynetix has introduced a Cloud-powered solution to assist FCMs and brokers with addressing the challenges in reconciling listed derivatives. As noted by the company’s management: “For over 20 years, Kynetix has been forefront of building trust in the physical economy. Recognized as… Read More

Remittance and Wallet App SendSpend Acquires E-Money Institution License from UK’s FCA

SendSpend, the remittance and wallet app, reveals that it has acquired the Electronic Money Institution (EMI) license from the UK’s Financial Conduct Authority (FCA). The company will now be able to issue digital money and offer cross-border remittance services from its UK head offices. SendSpend… Read More

UK Fintech Glint Pay, which Aims to Make Gold Alternative Global Currency, Secures £2.2M+ via Seedrs

Glint Pay Inc., a subsidiary of the UK-based Fintech company that makes gold an alternative global currency by enabling its clients to buy, sell, save and spend their physical gold instantly through the Glint Debit Mastercard and Glint App, has secured 111% of its equity crowdfunding… Read More

UK-based BaaS Fintech 10x Future Technologies Finalizes Oversubscribed $187M Round led by BlackRock, Others

London-based 10x Future Technologies, a Cloud banking solution provider, has finalized an oversubscribed $187 million Series C round. The company states: “10x Future Technologies is … focused on transforming banking to be 10x better for customers, banks and society. The group has developed its own… Read More

Nutmeg Delivers Returns to Crowdfunding Investors, Industry Needs More News Like This

Yesterday it was reported that Nutmeg, a digital investment manager operating in the UK, had been acquired by JP Morgan (NYSE:JPM). The Fintech had already partnered with the bank and JPM apparently decided to utilize Nutmeg’s tech as a step to launch a digital-only bank,… Read More

London based Open Payments Fintech Volt Secures $23.5M via Series A led by EQT Ventures

London-headquartered Volt, an open payments gateway provider, has secured $23.5 million in capital through a Series A round that was led by EQT Ventures. Augmentum Fintech, Fuel Ventures, and angel investors including Adyen co-founder Robert Kraal and FIS non-executive director Gabriel de Montessus took part… Read More

Fintech VALK, which Offers Corda based Digital Transaction Platform, Secures Place in UK FCA Regulatory Sandbox

UK-based VALK, the end-to-end digital transaction solution for private markets developed on Corda, has managed to secure a place in the UK Financial Conduct Authority’s (FCA) regulatory sandbox. Established in 2016, the FCA regulatory sandbox is being offered to assist the financial services sector and… Read More

UK Payments Fintech Paysend, the Card-to-Card Pioneer, Introduces New Digital Money App

UK’s Paysend, the card-to-card pioneer and global payments platform, has introduced Paysend 4.0, which is described as a new digital money app designed to manage all payments requirements from a single location. As noted in the announcement, the latest version offers global transfers, a multicurrency… Read More

UK’s Invoice Financing Platform MarketFinance Shares how they Helped Bantham Technologies Access Affordable Financing

UK-based MarketFinance, one of the world’s largest peer-to-peer (P2P) invoice finance platforms, notes that at their company, the whole team connects every week for their (presently virtual) Townhall. But now that COVID-related restrictions are gradually easing and businesses can “take stock” of this past year,… Read More

Crowdfunded Fintech Nutmeg Acquired by JP Morgan, Will Compliment Launch of JPM – Chase Digital Bank

Earlier today in a blog post, Robo-advisor Nutmeg announced that it was being acquired by JP Morgan (NYSE:JPM). Nutmeg has emerged as the leading digital wealth manager in the UK with over 140,000 customers enabling smaller investors a sophisticated portfolio of investment options including ISAs,… Read More

UK’s Investment Platform easyMoney Explains Differences between IFISA and P2P Lending Options

UK’s easyMoney, the investment platform from Sir Stelios Haji-Ioannou’s easy family of brands that claims that it has “never lost a penny on its loans,” notes that sometimes, the world of finance can appear to be quite complicated. In their opinion, this can also be… Read More

Digital Banking: UK Fintech Revolut Is Now Offering “Smarter” Invoices, Improved Expense Management Features

Digital bank Revolut has shared the latest updates on its platform for June. The Revolut team writes in a blog post that the world is now beginning to open up “a bit more” and they’re hoping that (if you can) you’re enjoying (somewhat of) a… Read More

Zopa Partners with CreditLadder to Help Renters Improve Borrowing Score

Digital bank Zopa has partnered with CreditLadder to help renters improve their credit score thus increasing their eligibility for a Zopa loan. Zopa notes that the integration was accomplished using open banking technology. As renters do not have monthly rental payments added to their credit… Read More

Nasdaq listed Diginex, a Digital Asset Financial Services Firm, to Unify Business Under EQONEX Brand

Diginex Limited (Nasdaq: EQOS), the digital asset financial services firm, has revealed that it’s unifying its businesses under the EQONEX brand. As mentioned in a release shared with CI, the rebrand aims to bring together under the EQONEX Group brand, its virtual currency exchange, custody… Read More

Digital Financial Advisor Fintuity Announces $3 Million in Funding

Fintuity, an FCA-regulated digital financial advisor, has announced $3 million in funding that has been raised from both individual and institutional investors during the past year, according to a post by the company. The funding will be utilized to further develop its tech stack and… Read More

Billionaire Hedge Fund Manager Paul Tudor Jones Recommends 5% Bitcoin Allocation but CoinShares Suggests Only 4%

Meltem Demirors, the Chief Strategy Officer at CoinShares, one of the largest digital asset managers in the world, notes that billionaire hedge fund manager Paul Tudor Jones recommends a 5% allocation to Bitcoin (BTC) as an “effective portfolio diversifier.” 1/ paul tudor jones suggests a… Read More

UK Fintech Modulr Explains how they Helped Direct Lender Moneyboat Enhance its Operations

UK-based Fintech firm Modulr notes that direct lender Moneyboat had been quite frustrated by the limitations of the existing banking system. That’s why Moneyboat decided to leverage certain infrastructural Fintech payments solutions to provide faster onboarding, automated, real-time loan disbursements and “a superior customer experience,… Read More

New Zealand BNPL Fintech Laybuy Introduces All-Digital Buy Now Pay Later Card in the UK

New Zealand based Buy Now, Pay Later Fintech firm Laybuy is introducing its all-digital BNPL card in the United Kingdom, allowing clients to carry out in-store purchases with just a tap of their smartphones. Clients will be able to load the payment card into their… Read More

Debt Recovery Platform Ophelos Raises $2.3 Million from Connect Ventures, Fly Ventures

UK-based debt collection startup  Ophelos has raised $2.3 million pre-seed investment in a round co-led by Connect Ventures and Fly Ventures. It will The startup plans to use the funds to strengthen its customer-centric debt management platform, growing the engineering and customer operations teams. Founded… Read More

Fintech Klarna Launches Comparison Shopping Service Across Europe

Payments Fintech Klarna has launched a Comparison Shopping Service (CSS) to help partner retailers boost customer reach and budget savings. David Sandström, Chief Marketing Officer at Klarna, said, “…we offer retailers a more effective and cheaper way to increase their customer reach and convert highly… Read More

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