Tagged: uk

November 29, 2023 @ 9:40 am By JD Alois  |  

Investment platform Prosper has topped £700,000 on Crowdcube in a securities offering that is raising growth capital at a pre-money valuation of £12,135,385. According to the offering page, The EIS-qualified equity offering has received the backing of 197 investors. The per-share price is £29.50 with… Read More

November 28, 2023 @ 9:20 am By JD Alois  |  

Lendable has added recurring payments to its platform by leveraging the services of TrueLayer, according to a company statement. TrueLayer is an Open Banking provider and Lendable providers loans to consumers. TrueLayer said the new service was incorporated as Lendable leveraged its Account Information Services… Read More

November 28, 2023 @ 7:56 am By Omar Faridi  |  

Revolut, the financial global super app with over 35 million customers, has announced the appointment of Dan Teodosiu to the Board as a Non-Executive Director. Dan has over 30 years of experience “building and managing high-performing engineering and research teams, as well as scaling platforms… Read More

November 28, 2023 @ 6:28 am By Omar Faridi  |  

LendInvest Mortgages, the UK’s platform for mortgages, has launched a new Buy-to-Let product suite “with bold reductions and larger loan sizes to support professional landlords around the UK.” LendInvest (LSE:LINV) is supporting landlords “with up to 30bps off across its range of two, five and… Read More

November 27, 2023 @ 7:36 am By Omar Faridi  |  

Volt, the global real-time payments platform, announces its expansion into Australia following a period of sustained growth for the UK-headquartered fintech company. Following Volt’s $60m funding round earlier this year, this development “marks the latest step in its ambitious growth plans to meet market demand… Read More

November 27, 2023 @ 7:32 am By Omar Faridi  |  

New data from small business lender iwoca reveals that while more than half of SME owners (55%) feel they “have a good understanding of AI, the majority are nervous about how it will impact their business.” The new research of SME owners across the UK… Read More

November 26, 2023 @ 11:56 pm By Omar Faridi  |  

A total of 1,098 venture capital (VC) funding deals worth $12 billion were announced in the UK during January-October 2023. Both deal volume and value recorded year-on-year (YoY) decline “compared to the VC funding activity registered during January-October 2022,” reveals GlobalData, a data and analytics… Read More

November 26, 2023 @ 11:52 pm By Omar Faridi  |  

The Payments Association, which claims to be the most “influential” community in payments, has welcomed the release of the report following the Future of Payments Review, commissioned by the Chancellor. The report calls for a National Vision and Strategy for Payments considering “the importance of… Read More

November 26, 2023 @ 11:48 pm By Omar Faridi  |  

Kingston University is collaborating with UK neobank Science Card in order “to drive major breakthrough in cervical cancer treatment.” Science Card claims that it is creating “a unique science funding infrastructure by collaborating with UK universities to enable users of its socially-conscious e-money current account… Read More

November 26, 2023 @ 10:54 pm By Omar Faridi  |  

Crezco, a UK fintech company using open banking to make B2B invoice and bill payments as convenient as B2C card payments, has achieved several major business milestones through securing funding and integrating its technology into global small business platform Xero. Crezco has secured $12m in… Read More

November 26, 2023 @ 10:31 pm By Omar Faridi  |  

Quantile and LCH ForexClear, both LSEG Post Trade businesses, announced they have delivered the market’s first FX Smart Clearing service. The service, which went live “on 15th November, enables participants to selectively clear FX Forwards via LCH ForexClear to significantly reduce capital requirements and counterparty… Read More

November 26, 2023 @ 7:37 pm By Omar Faridi  |  

Lloyds Banking Group, a UK based financial services group, has released the first Housing Stocktake 2023 report sharing insights on “the stalling efforts to decarbonize the UK’s housing stock.” In the UK, homes are one of the highest emitting sectors, “with the 28 million residential… Read More

November 26, 2023 @ 10:23 am By Omar Faridi  |  

HMRC recently announced the latest Inheritance Tax (IHT) receipts. (HMRC tax receipts and National Insurance contributions for the UK (monthly bulletin) – GOV.UK.) For April 2023 to October 2023 these “are £4.6 billion, which is £0.5 billion higher than the same period last year.” This… Read More

November 25, 2023 @ 2:18 pm By Omar Faridi  |  

New research from online pension provider, PensionBee, reveals a notable enthusiasm among c.1,000 UK pension holders “for the recently announced ‘pot for life’ pension model.” Over three-quarters (76%) of pension savers “expressed that they would consider opting for the new model, while only 5% of… Read More

November 25, 2023 @ 2:15 pm By Omar Faridi  |  

Funding Circle (LSE: FCH), the UK’s SME lending platform, and Atom bank, the UK’s first app-based bank, announce a new lending partnership that “will provide up to c.£150m of funding to small businesses.” Atom bank is a “long-standing” and returning investor in the Funding Circle… Read More

November 25, 2023 @ 2:11 pm By Omar Faridi  |  

PonchoPay says it is on a mission to streamline payments in the childcare ecosystem. PonchoPay has raised 98% (£393,383) of its £400,012 target from 86 investors with 26 days left in the firm’s crowdfunding campaign, carried out via Seedrs. Based in London, United Kingdom, Ponchopay… Read More

November 25, 2023 @ 2:08 pm By Omar Faridi  |  

Pitchbook notes that their extensive Country Snapshot series provides an overview of both macroeconomic and microeconomic trends in the region, “covering various countries across Europe.” Pitchbook researchers look at how “both public and private data points have trended in Q3 for the UK.” As noted… Read More

November 24, 2023 @ 10:49 pm By Omar Faridi  |  

HAATCH SEIS Fund is an SEIS fund focused “on accelerating Pre-Seed B2B SaaS companies to their first £1m ARR and building the infrastructure to get to £10m+.” HAATCH SEIS Fund has raised £377,873 in capital via Crowdcube from 121 investors (at the time of writing) with… Read More

November 24, 2023 @ 9:49 am By Omar Faridi  |  

LendInvest Mortgages, the UK’s platform for mortgages, has launched its “first ever” Black Friday sale on its Bridging range, “offering brokers and their customers free valuations.” This offer is applicable to “all of its unregulated bridging products on standard properties.” Fresh from cutting its Buy-to-Let… Read More

November 24, 2023 @ 8:18 am By Omar Faridi  |  

Bestinvest, the online investment and coaching service, has become the first investment platform to adopt fintech platform PrimaryBid’s innovative Fuse solution in order “to expand access to UK capital markets transactions for customers.” Through Fuse, Bestinvest customers will “have significantly greater awareness and access to… Read More