Tagged: uk

UK Government Looks to Insurtech to Help Low Income Renters

HM Treasury and the Financial Conduct Authority (FCA) recently organized a workshop on assisting low-income renters. Predicated on the fact that rental insurance has “very low take-up” amongst a lower demographic, Treasury and the FCA invited multiple firms to attend an “Access to Contents Insurance… Read More

Monese Launches Free Premium Accounts For Refugees Across the UK

Digital challenger bank Monese recently announced it has launched free premium accounts for refugees that have relocated in the UK. Monese reported that it is committed to giving out its Premium plan to refugees (usually £14.95 a month) for free, for life. The Premium plan… Read More

Overfunding: Renewable Energy Product Brand Deciwatt Quickly Surpasses £400,000 Funding Target on Seedrs

Deciwatt, a UK-based company that creates renewable energy products that allow users to make light and power, has launched an equity crowdfunding campaign on Seedrs and has already passed its £400,000 funding target. The funding round has also attracted nearly 200 investors and is offering… Read More

Update: Pavegen Set to Close Latest Crowdcube Round With Nearly £1.9 Million in Funding

UK-based tech platform Pavegen is set to close its latest equity crowdfunding round on Crowdcube with nearly £1.9 million in funding. The campaign was launched last month and quickly secured its £950,000 funding target, Prior to launching the funding initiative, Pavegen raised £513,000, which is represented… Read More

As the Lines of Financial Services Blur, the UK Financial Conduct Authority is Doing a Consultation on a “Cross Sector Sandbox”

While it is a fact we all need bank-like services it is also true we do not necessarily need a traditional bank. The digitization of finance has liberated the masses from paper driven, brick and mortar operations to the bank of the iPhone (or Android… Read More

Starling Bank Announces New Collaboration With Direct Line Group to Allow Customers to Apply For Home Insurance Through In-App Marketplace

UK-based digital banking platform Starling Bank announced on Tuesday it has formed a new partnership with Direct Line Group to allow current account customers to apply for home insurance directly through Starling’s in-app marketplace. According to Starling, the partnership will enable customers to securely connect… Read More

Honk Kong Monetary Authority Shares Update on Global Financial Innovation Network

The Hong Kong Monetary Authority (HKMA) has posted a deck on GFin or the Global Financial Innovation Network. Hong Kong has emerged as a leading Fintech hub having embraced innovation in financial services. GFiN was launched by the UK Financial Conduct Authority (FCA) a bit… Read More

Funding London Adds New Board Members

The Mayor of London, Sadiq Khan and Funding London CEO, Maggie Rodriguez-Piza, have announced the appointment of three new directors to the Funding London Board. Funding London was launched in 2004 to provide venture capital and debt capital to SMEs, on behalf of the Mayor… Read More

Freetrade Raises Over £2 Million During First Few Hours Crowdfunding on Crowdcube

Yesterday, Crowdfund Insider previewed Freetrade’s crowdfunding round on Crowdcube. Today, the offer is live and out of private mode so we wanted to provide an update. As it stands now, Freetrade has easily topped its low-end hurdle of £1 million as it seeks to raise… Read More

UK Challenger Bank Monzo Secures £113 Million Through Latest Investment Round; Bringing Valuation to £2 Billion

UK-based challenger bank Monzo announced on Monday it secured £113 million through its latest investment, led by Y Combinator Continuity and Latitude. The round of funding reportedly brings the platform’s valuation to £2 billion.  The news about Monzo’s latest investment round comes just six months after the… Read More

Zopa Warns Consumers that 2/3 of Loan Applications Don’t Receive Advertised Interest Rate

Peer to peer lender and digital bank Zopa is out with note highlighting the fact that consumers too frequently do not receive the interest rate they expect when applying for a loan. In fact, Zopa states that an astounding two-thirds of loan applicants are offered… Read More

Botanical Beverage Company No1 Rosemary Water Raises £1 Million Prior to Public Launch on Crowdcube

No1 Rosemary Water, a UK-based botanical beverage company, has launched an equity crowdfunding round on Crowdcube. The campaign made its public debut right after the company raised its £1 million funding target from nearly 175 investors. The company has created a total of ten single… Read More

Following Highly Successful Seedrs Round, dozens Announces New Partnership With Westminster City Council for “Future High Street” Research & Popup Shop

Just a few weeks after securing £3.8 million through its equity crowdfunding round on Seedrs, a “new banking and wealth management alternative,” dozens, announced it has formed a new partnership with Westminster City Council to find out what local residents and businesses really want from… Read More

Funding Circle Collaborates With Merseyside Pension Fund to Launch UK Economic Impact Fund For British Small Businesses

Online lending platform Funding Circle announced on Monday it has teamed up with Merseyside Pension Fund to launch UK Economic Impact Fund for British small businesses. According to the duo, the UK Economic Impact Fund will give institutional investors including pension funds, insurance companies and local… Read More

Overfunding: Traveling Platform Much Better Adventures Quickly Surpasses £850,000 on Seedrs

Much Better Adventures, a UK-based traveling platform, has quickly surpassed its £850,000 funding target on equity crowdfunding platform, Seedrs. Founded in 2012, Much Better Adventures claims it offers unique adventures and experiences that are delivered by local hosts and guides around the world. “Our inspiring,… Read More

Freetrade Returns to Crowdcube Tomorrow to Raise £5 Million

Challenger stockbroker app Freetrade is returning to the pages of Crowdcube to raise capital once again. The highly popular company topped their £500,000 crowdfunding goal in May in about 12 minutes. Back in April, Freetrade attempted to launch an offering but Crowdcube’s servers struggled with… Read More

Nordea Announces Investment in E-commerce Startup Mondido

Nordea Bank recently announced ith as invested in e-commerce startup, Mondido. Founded in 2014, Mondido claims it offers a simple and fast way to start accepting payments on websites and mobile apps while offering features for analyzing and increasing sales. “Merchants and web shops can… Read More

MarketInvoice Report Says UK SMEs Now Valued at Almost £3 Trillion

MarketInvoice, a Fintech in the invoice financing sector, has published their “MarketInvoice Business Insights survey” based on responses from 1,000 business owners of UK Ltd companies between 31st May and 5th June 2019. According to their results, the lack of finance options is considered to… Read More

Update: Nutmeg Surpasses £4 Million Days After Crowdcube Debut

Less than a week after launching its equity crowdfunding campaign on Crowdcube, UK fintech Nutmeg has successfully secured more than £4 million from nearly 2,000 investors. The funding round originally sought to raise £1 million, with Nutmeg offering 1.59% equity at a £251 million pre-money… Read More

Bank of England Governor Says DLT Settlement Systems Could Save Billions, Facebook’s Libra Must Be Compliant Before Launch

Bank of England Governor Mark Carney told colleagues at the Lord Mayor’s Banquet for Bankers and Merchants of London June 20th that DLT (distributed ledger technology, also known as “blockchain”) used for financial settlements could save, “….billions of pounds in capital and liquidity that can be… Read More

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