Tagged: uk

UK Fintech Capital On Tap to Help Businesses with Claiming Back Money Lost Due to Coronavirus Outbreak Using “Covid Credit” Solution

Capital on Tap has been working cooperatively with other Fintech service providers in order to develop a software tool, which aims to assist businesses with tracking and claiming back the funds they may have lost, due to the deadly Coronavirus (COVID-19) outbreak. Capital on Tap… Read More

Overfunding: Miso Tasty’s Latest Seedrs Campaign Surpasses £350,000 Funding Target

Japanese-inspired food brand, Miso Tasty, has successfully secured its initial £350,000 funding target through its latest equity crowdfunding round on Seedrs. The latest campaign comes less than two years after Miso Tasty raised £421,400 through its second Seedrs initiative. As previously reported, Miso Tasty was… Read More

Rangewell Makes Further Suggestions to CBILS After HM Treasury Update, Says Fintech Lenders Can Help

Following intense criticism regarding the confines of the Coronavirus Business Interruption Loan Scheme (CBILS), HM Treasury expanded the program in a move to support a broader range of businesses – most importantly smaller firms. Last week, Rangewell, a business finance specialist, posted an open letter… Read More

NatWest Continues to Offer Support For SME Customers By Waiving Monthly Hire Fees For Point-of-Sale Terminals From Payment Product Tyl Until the End of 2020 

UK banking group NatWest announced on Friday it is continuing to offer support SME customers by waiving monthly hire fees for Point-of-Sale terminals from its payments product Tyl until the end of 2020 in response to the COVID-19 pandemic. NatWest also revealed that is providing… Read More

Blockchain Company Factom Goes into Liquidation

Factom, a blockchain as a service platform, is going into liquidation. Factom raised over $8 million in 2017 from well-known investors like Tim Draper, of Draper Associates and Medici Ventures, a wholly-owned subsidiary of Overstock.com, Inc., Peeli Ventures, and Harvest Equity. The news of Factom’s… Read More

Nottingham-based Fintech Firm Tully Introduces a Coronavirus (COVID-19) Relief and Wellbeing network

Nottingham-headquartered Fintech firm Tully has introduced a Coronavirus (COVID-19) Relief and Wellbeing network. The network aims to offer a single, comprehensive online resource where individuals financially affected by the Coronavirus outbreak may get access to payment relief. Tully’s free of cost service accepts applications from… Read More

UK Finance Comments on Chancellor’s Announcement of Added Policies to Mitigate COVID-19 Crisis

Chancellor of the Exchequer Rishi Sunak has announced new measures to support firms impacted by the COVID-19 pandemic. The update includes broader access to the Coronavirus Business Interruption Loan Scheme (CBILS) and creating a new plan for larger firms. The Chancellor announced that HM Treasury… Read More

Property Investing Marketplace Propetly Now Seeking £225,000 Through Seedrs Funding Round

Propetly, a UK-based property investing marketplace, is now seeking to raise a minimum of £225,000 through its equity crowdfunding campaign on Seedrs. The company is now offering 6.97% in equity at a £3,004,320 pre-money valuation. Founded in 2018, Propetly describes itself as a marketplace that… Read More

What is the Impact of COVID-19 on Peer to Peer Lending?

Peer to peer lending research firm 4thWay is out with a short note on the impact of the Coronavirus (COVID-19) pandemic on the P2P industry.  According to 4thWay, a minority of investors are selling their loans due to the affiliated risk of the outbreak. The… Read More

Open Banking: Salt Edge and Pannovate Collaborate on Instant PSD2 Compliance

Salt Edge, an open banking and authentication platform, and Pannovate, a payment and digital banking provider, have partnered to provide PSD2 compliant banking and payments programs in the UK and continental Europe. Pannovate is a payment technology company targeting Fintech, crypto, and Regtech. The company… Read More

Flux Teams Up With Pleo to Create “Invisible Expensing” Experience For UK Businesses

UK-based fintech Flux announced on Wednesday it has joined forces with Pleo, a smart payment card issuer to create an “invisible expensing” experience for businesses in the UK. Flux reported that once the service, which will launch in the summer, goes active, it will send… Read More

Fintech TransferWise Surpasses 7 Million Global Users, Now Supports Instant Transfers to Japan in JPY

Fintech TransferWise has revealed that there are now over 7 million people across the globe that are using the company’s services to move money from one country to another. Founded in 2010 in Estonia, TransferWise now supports over 1,600 different currency routes, helping people save… Read More

COVID-19 Financial Relief: Standard Chartered to Provide $1 Billion in Capital to Companies Fighting Coronavirus

London-based Standard Chartered, a British multinational banking and financial services company with over $700 billion in total assets, has reportedly committed $1 billion in capital to companies that are helping to address the economic challenges due to the Coronavirus (COVID-19). There are now many companies… Read More

Monzo Launches “Monzo Business” For Web

Just a few weeks after launching its business accounts, UK challenger bank Monzo announced the launch of “Monzo Business” for web, which gives users the option to manage their business account on their computer or laptop. As previously reported, Monzo stated it spent the past… Read More

Saving People from Mortgage Hell, Habito Tops £4 Billion in Home Mortgages

Habito, an online platform that streamlines the entire home mortgage process, has topped £4 billion in mortgage submissions, according to a Tweet from the company. Habito is a Proptech firm that was launched in 2016 “to end mortgage hell forever.” You have to love that…. Read More

Fintech Firm Currencycloud Secures $80 Million via Investment Round Backed by Visa

Fintech firm Currencycloud, which facilitates international transactions for several large finance apps, has secured $80 million via an investment round backed by payments giant Visa. Headquartered in the UK, Currencycloud’s main business involves selling payment software to banks and Fintech companies, which they use to… Read More

Money Management App Zeux Launches Physical Card, Plans European Expansion

Zeux, a mobile Fintech app enabling payments, zero-fee foreign exchange, investment and savings alternative options, has announced the launch of a physical VISA card. While Zeux may be paddling upstream, the company said the move was to satisfy the growing appetite for a ‘phygital’ –… Read More

Payments Service Provider Thyngs and Charities Trust to Help UK Charities Secure Funding, Following Coronavirus Outbreak

Charities in the United Kingdom are currently experiencing major challenges due to the deadly Coronavirus (COVID-19) outbreak. Payments services provider Thyngs has partnered with the Charities Trust, in order to introduce a new way to assist the UK’s charities sector with raising funds from people… Read More

Starling Bank Adds No Interest Overdraft Feature for COVID-19 Impacted Individuals

Digital bank Starling Bank is now offering an “overdraft interest holiday” to personal account holders who are struggling financially due to the COVID-19 crisis. Starling Bank customers may apply for a three month interest holiday beginning today (Apri 1, 2020). Effectively, Starling will waive all… Read More

UK Electric Money & Payments Startup Dzing Launches Banking App

Dzing, a UK-based electric money and payment institution, announced on Tuesday the launch of its mobile payments app. According to the fintech startup, the app allows international students, remote freelancers, oversea workers, and travelers to conduct financial services. Founded in 2018, Dzing describes itself as… Read More

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