Tagged: uk

Redditor Claims to Have Lost Banking and All Access to Credit Following Bad Bitcoin Deal

A user of the Internet forum site Reddit claims his bank’s reaction to a Bitcoin deal gone bad has, “ruin(ed)” him: “TLDR (summary) – sold small amount of BTC on local bitcoins, Barclays bank closed my account, accused me of fraud and now I can’t… Read More

Cambridge Centre for Alternative Finance Publishes 2nd Global Blockchain Report: Enterprise Utilization and Network Development

The Cambridge Centre for Alternative Finance (CCAF) has published its 2nd Global Enterprise Blockchain Benchmarking Study. CCAF is the leading Fintech research in the world. The Centre has published multiple reports on the global alternative finance market which are frequently referenced by policymakers and industry… Read More

Revolut Adds Free Stock Trading for Premium and Standard Customers

Today, digital bank Revolut has announced the addition of free stock trading for both Standard and Premium customers. The feature is rolling out in 26 different markets including: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia,… Read More

UK Peer to Peer Finance Association: Record Number of Lenders & Borrowers Engaged in P2P Lending

The UK Peer to Peer Finance Association (P2PFA) is reporting a record number of both borrowers and investors engaged in the peer to peer lending industry. According to the P2PFA, 150,000+ lenders invested in 321,483 loans during Q2 of 2019. During the three-month period from… Read More

Aventus Inroduces Ethereum-based Platform to Improve Ticketing Industry

London-based firm Aventus Systems, the developer of a fair and secure blockchain-powered event ticketing platform that aims to eliminate fraud, announced its latest code release Aventus Classic, which helps to create an equitable and transparent ticketing industry. The developers of the Aventus Network noted that… Read More

UK SME Challenger Bank Tide Announces First Paid Plan “Tide Plus”

Tide, a UK-based SME challenger bank, announced on Wednesday it is set to launch its new paid plan, Tide Plus. According to Tide, Tide Plus is an upgraded account that gives users “additional support” for running their businesses.” According to Tide, the upgraded membership will… Read More

Overfunding: Agritech Marketplace Hectare Quickly Surpasses £1 Million Funding Target Through Latest Seedrs Round

Just days after launching its latest equity crowdfunding campaign on Seedrs, UK-based online marketplace for the agriculture sector, Hectare Agritech, has successfully surpassed its initial £1 million funding target. The funding round has attracted nearly 545 investors. As previously reported, Hectare is an agritech company… Read More

Agritech Marketplace Hectare Returns to Seedrs; Now Seeking £1 Million in Funding

Hectare Agritech, a UK-based online marketplace for the agriculture sector, has returned to Seedrs to raise £1 million through its new equity crowdfunding round. The company previously raised £500,000 through its third investment round on Seedrs in 2018 and is offering 5.88% in equity at a… Read More

Insurtech Dinghy Recognized as “Most Disruptive Insurance Business in the UK”

Insurtech Dinghy was recently recognized as the “most disruptive insurance business in the UK” at the recent Disruption Summit Europe. Dinghy was also said to be the 26th most disruptive overall. The Summit was hosted in London on the 10th September with the final rankings… Read More

Monzo Milestone: More Than Three Million People Are Now Using the Challenger Bank’s Services

UK challenger bank Monzo announced on Monday that more than three million people are now using its banking services. The digital bank reported that the amount of people equals 1 in every 20 adults in the UK. Founded in 2015, Monzo claims it is building… Read More

Insurtech Pluto Crowdfunds on Seedrs: Travel Insurance Startup to Provide Instant Payouts to Users When Travel Goes Wrong

Travel insurance has a bad rap. Claims too frequently are denied and if they pay out it may take weeks to receive any remuneration for a trip gone bad. Insurtech Pluto is seeking to address this sector of the insurance market with an app-based service… Read More

Hacker Accused of Selling Unreleased Music of Famous Artists for Cryptocurrencies Arrested in UK

Police from London’s Intellectual Property Crime Unit (PIPCU) have arrested a 19-year-old man they believe stole unreleased songs from the websites and cloud-storage accounts of “world-famous artists” and then sold the music for cryptocurrency. The release does not state where the music was sold nor… Read More

Update: Diabetes Research Company Gendius Set to Close Crowdcube Round With More Than £475,000 in Funding

Gendius, a UK-based diabetes research company, is set to close its equity crowdfunding campaign on Crowdcube with more than £475,000 in funding from nearly 385 investors. The campaign was launched earlier this summer and quickly raised its initial £400,000 funding target. As previously reported, Gendius… Read More

Coinbase UK Settles Lawsuit After Being Forced to Freeze Stolen Bitcoins Settles Lawsuit

Coinbase UK has settled a lawsuit with the CEO of Alphabit regarding Coinbase’s alleged handling of Bitcoins worth almost $1 million USD that were allegedly stolen from Alphabit by hackers in July, Law 360 reports. Alphabit is UK-based “crypto-asset investment company” that claims to manage… Read More

Hong Kong-based Investment Platform BnkToTheFuture to Facilitate Security Token Offerings, Invests in UK based Blockchain Consultancy Diacle

Hong Kong-based fundraising platform BnkToTheFuture is planning to facilitate security token offerings (STOs). The move will be facilitated by a strategic investment in Diacle. Founded in 2013, Diacle is an appointed representative of Met Facilities LLP, which is authorised and regulated by the UK Financial… Read More

Cross Atlantic Crowdfunding Offering: Arival Bank Closes at USD $ 2.145 Million on SeedInvest – Crowdcube

Arival Bank, a digital-only challenger bank, has closed its crowdfunded bridge round (preferred equity) on SeedInvest-Crowdcube. Arival is the creation of a VC firm based in Singapore that claims 20 investments & multiple exits. The securities offering was a cross-Atlantic crowdfunding offering via the two… Read More

Update: blow LTD Complete Latest Seedrs Round With More Than £1.9 Million in Funding Secured

UK-based tech-enabled beauty business blow LTD has closed its latest equity crowdfunding round on Seedrs with a total of £1,930,470 in funding secured. The campaign was launched last month, originally seeking £1.5 million. blow LTD previously raised £1.35 million through its other crowdfunding campaign on… Read More

In an Effort to Enlist More Brokers, LendInvest Joins MCI Mortgage Club Lender Panel

Leading UK Fintech and online mortgage provider LendInvest has joined MCI Mortgage Club’s lender panel. The move was said to be driven by the desire to offer the company’s Buy-to-Let mortgage products to a wider audience of brokers. Mortgage Club members will now have access… Read More

Brexit Report: 55% of UK Fintechs Feel Well Prepared for Brexit with a Deal. If No Deal, Percentage Drops to Just 22%

Innovate Finance, an advocacy association for the development and support of the UK Fintech industry, has published a report on Brexit and the impact it may have on UK based Fintechs. According to the report, 55% of Fintechs feel well prepared for Brexit but that… Read More

Update: Smarterly Completes Seedrs Round With More Than £2.575 Million in Funding

UK-based investment services Smarterly completed its equity crowdfunding campaign on Seedrs with a total of £2,575,103 secured. The funding round was launched earlier this summer, originally seeking £2 million. Smarterly is on a mission to turn the UK into a nation of investors, by promoting the… Read More

Send this to a friend