Tagged: uk

January 19, 2024 @ 11:31 am By JD Alois  |  

In the ongoing push to offer smaller investors greater access to assets typically reserved for the wealthy, Seedrs has announced it will be offering Venture Capital Trusts (VCTs). VCTs are closed-end fund-like vehicles that invest in private firms. VCTs trade on the London Stock Exchange…. Read More

January 19, 2024 @ 8:41 am By Omar Faridi  |  

SME current account switching is now at the lowest level it’s been in the last decade, according to an update shared by Allica Bank. New data analyzed by Allica Bank reportedly “shows disappointingly low levels of bank switching by small and medium sized businesses over… Read More

January 18, 2024 @ 1:19 pm By JD Alois  |  

  The Cambridge Centre for Alternative Finance (CCAF) was at Davos, Switzerland, today to present their latest findings on the Fintech revolution at the World Economic Forum.  The Future of Global Fintech: Towards Resilient and Inclusive Growth was published this month and introduced today, outlining… Read More

January 18, 2024 @ 8:42 am By JD Alois  |  

Tint Finance Services, a UK-based Fintech that aims to help SMEs simplify supply chains, said it has topped $20 million (£15m) in trade finance just six months after. Tint was founded in 2023 by a group of banking and trade professionals. The mission of the… Read More

January 18, 2024 @ 8:30 am By Omar Faridi  |  

Payhawk, a global spend management solution, is now a licensed Electronic Money Institution (EMI) in the UK. The Financial Conduct Authority reportedly granted the license “after extensive due diligence into Payhawk’s compliance, financial, and operational processes.” The new UK EMI license will allow Payhawk to… Read More

January 17, 2024 @ 9:21 pm By Omar Faridi  |  

NatWest has launched an Energy Help and Support tool to help UK businesses reduce their energy usage, cut their carbon emissions and potentially “save money on their energy bills this winter.” Research from the bank has found “that 45% of small businesses say rising energy… Read More

January 17, 2024 @ 1:47 pm By Omar Faridi  |  

OakNorth – the digital bank for entrepreneurs by entrepreneurs – has provided a loan to Lovett Care, the care home provider. Founded in 2009, Lovett Care specializes in “offering residential, nursing and dementia care across England and Wales.” The past three years has seen the… Read More

January 17, 2024 @ 8:37 am By Omar Faridi  |  

The UK’s Financial Conduct Authority (FCA) has appointed Daniel Godfrey as chair and Julia Dreblow as vice-chair of a new working group focused on building capability in sustainable finance across the financial advice sector. The Personal Investment Management & Financial Advice Association (PIMFA) will “provide… Read More

January 17, 2024 @ 8:33 am By Omar Faridi  |  

The majority of European and UK Equity Capital Markets (ECM) leaders believe that large international companies still “see London as a destination of choice when considering listing,” according to new research from KPMG UK. When asked where large international companies “would consider listing, almost all… Read More

January 16, 2024 @ 1:04 pm By JD Alois  |  

European payments provider Mangopay has announced a partnership with Storfund. Terms of the deal were not revealed. Mangopay, based in France, has long been a top payments provider for marketplaces like crowdfunding platforms. Founded in 2013, Mangopay says it has supported 2,500+ platforms and marketplaces…. Read More

January 15, 2024 @ 9:25 am By Omar Faridi  |  

UK Open Banking adoption and integration into the financial ecosystem remains steady with over six years of ongoing developments. CI recently received insights regarding open banking and its “transformative” potential as payments via this method become more widely recognized. Saturday 13th January marked the sixth… Read More

January 15, 2024 @ 8:27 am By Omar Faridi  |  

Scotland’s Fintech cluster has reportedly experienced a 24% increase in overall jobs within fintech as Fintech Scotland, the cluster management organization, marks its sixth year of supporting the ecosystem. Regularly delivering on Scotland’s goal to considerably boost fintech-focused roles, the nearly  25% growth is being… Read More

January 15, 2024 @ 8:21 am By Omar Faridi  |  

UK’s prime property finance company CapitalRise is reporting £250m bank funding line, as part of its approach to diversify and boost the resilience of its capital sources and facilitate lending growth. This funding line is the fifth and reportedly the largest secured by the company… Read More

January 15, 2024 @ 8:16 am By Omar Faridi  |  

UK’s ThinCats is reporting that lending is up more than 30% in 2023 to record levels. In total, ThinCats has now lent “more than £1.7bn to businesses across the UK while assets under management stand at £790 million.” Despite a challenging economic environment, ThinCats has… Read More

January 15, 2024 @ 5:22 am By Omar Faridi  |  

‍Small business optimism returns in 2024, as half of SMEs anticipate growth this year, according to new research from iwoca – which claims to be one of Europe’s largest small business lenders. iwoca also mentioned that nearly half (47%) of small business owners “surveyed expect… Read More

January 14, 2024 @ 5:12 pm By Omar Faridi  |  

High growth businesses generally own few tangible assets, but can be rich in IP and intangible assets, according to an update shared by NatWest Group. These businesses can find it difficult “to use their assets as collateral to secure growth funding, especially when compared with… Read More

January 13, 2024 @ 10:46 am By Omar Faridi  |  

According to Office for National Statistics data published recently, there is now a record number of people in the UK “aged over 90 in England and Wales, up by 2.1% in 2022 to 550,835 people,” the team at PensionBee noted. The number of centenarians (people… Read More

January 13, 2024 @ 6:17 am By Omar Faridi  |  

Fill/ Refill, a Northamptonshire family-run manufacturer has received over £600k of financing from Metro Bank in order to “help it achieve its aspirations to be the most responsible closed-loop maker and supplier in the UK.” The independent business formulates, designs and “creates a range of… Read More

January 12, 2024 @ 8:40 am By Omar Faridi  |  

Recruitment intentions remained subdued as 2023 drew to a close, according to the latest KPMG and REC, UK Report on Jobs survey, compiled by S&P Global. Permanent placements and temp billings “declined again in December, albeit at softer rates than in November, as employers maintained… Read More

January 12, 2024 @ 8:31 am By Omar Faridi  |  

Ransomware incidents reported to UK financial regulators doubled in 2023, according to an extensive update shared with CI. A Picus Security FOI analysis of cyber incidents reported “to the Financial Conduct Authority reveals an increase in ransomware incidents in the first half of 2023.” Picus… Read More