Tagged: uk

June 25, 2023 @ 5:07 pm By JD Alois  |  

Seedrs CEO Jeff Kelisky says it is time to “double down on the bustling UK tech sector.” In a blog post, Kelisky noted that expectations are for VC funding in European startups to be over 50% less in 2023 than in 2021 due to the… Read More

June 23, 2023 @ 7:35 pm By Omar Faridi  |  

PayPal Holdings, Inc. (NASDAQ: PYPL) and KKR, a global investment firm, announced the signing of an exclusive multi-year agreement “for a €3 billion replenishing loan commitment under which private credit funds and accounts managed by KKR will purchase up to €40 billion of buy now,… Read More

June 23, 2023 @ 1:49 pm By Omar Faridi  |  

UK Fintech Modulr has reportedly expanded its embedded payments product offerings to France and Spain. With this recent expansion move as well as a layer of localization, French and Spanish companies are able to leverage Modulr’s embedded payments solutions to enhance their market competitiveness within… Read More

June 23, 2023 @ 12:21 pm By Omar Faridi  |  

Provenir, which claims to be a global leader in data and AI-powered risk decisioning software, announced the appointment of Carol Hamilton as its Chief Product Officer. Based in Provenir’s London office, Hamilton will be “responsible for shaping the company’s global product strategy, overseeing product development… Read More

June 23, 2023 @ 8:54 am By JD Alois  |  

The news cycle is consumed with the debate about artificial intelligence (AI) and how it is going to transform the world. AI, machine learning has been integrated into various Fintech platforms for years now but the rise of ChatGPT has drawn more interest and scrutiny…. Read More

June 23, 2023 @ 7:16 am By Omar Faridi  |  

Funding Circle (LSE: FCH),which claims to be the UK’s largest small business lending platform, and Waterfall Asset Management (WAM), a multi-national institutional asset manager, announce “the closing of a £240m securitization backed by SME loans.” The loans, “financed by funds managed by WAM, and originated… Read More

June 22, 2023 @ 3:55 pm By Omar Faridi  |  

LHV Bank, a banking services provider to Fintech companies, has been selected by Montonio, a “rapidly growing” e-commerce checkout solution provider, to enhance its merchant services. LHV Bank’s robust API-driven infrastructure “will serve as the backbone for Montonio’s enhanced customer experience.” With LHV Bank’s suite… Read More

June 22, 2023 @ 1:44 pm By JD Alois  |  

The Bank of England has raised its benchmark interest rate by 50 bps, increasing from 4.5% to 5%. Today, the Monetary Policy Committee (MPC) voted by 7 to 2 to increase by 50 bps. Two of the members wanted to remain at the current 4.5%… Read More

June 21, 2023 @ 2:12 pm By JD Alois  |  

Darren Westlake, co-founder and former CEO of Crowdcube, has joined the board of directors of Crowdfunder, a UK-based rewards platform. According to multiple reports, Westlake will become the “interim chairperson” to help direct the strategy of the platform. Westlake exited Crowdcube earlier this year, passing… Read More

June 21, 2023 @ 1:47 pm By JD Alois  |  

Payments Fintech Volt has raised a $60 million Series B funding round. The company said the backing was indicative of the confidence in the UK Fintech sector. The additional capital will be utilized to expand into new markets, including Asia Pacific and the Americas. At… Read More

June 21, 2023 @ 8:28 am By JD Alois  |  

The former National Relationship Director at Assetz Capital, Mark Davidson, has joined CrowdProperty as Head of Loan Management. CrowdProperty is a real estate crowdfunding platform that provides debt capital for property developments. Assetz Capital is a similar platform that provides property-secured finance for UK SMEs,… Read More

June 20, 2023 @ 3:27 pm By Omar Faridi  |  

Analysis from online pension provider, PensionBee, reveals an increase in the number of pension savers who would like to see the oil sector completely excluded from their pension investments, from 15% in 2022 to 21% in 2023. PensionBee’s annual Tailored Plan survey, “which seeks to… Read More

June 20, 2023 @ 11:12 am By Omar Faridi  |  

Global fintech SumUp has unveiled its latest UK campaign, with a merchant-centric push that champions the businesses, entrepreneurs and SMEs that power the country, dubbed ‘Local Heroes’. The focus of the campaign is SumUp merchants “from West London and its aim is to use a… Read More

June 20, 2023 @ 10:47 am By JD Alois  |  

Eos Advisory LLP  has received a £10 million commitment from British Business Investments, a subsidiary of the British Business Bank. The funding is part of the Regional Angels Programme and will be allocated to invest alongside Eos’s Angel Syndicate and EIS Innovation Fund.  Eos is… Read More

June 18, 2023 @ 6:38 pm By Omar Faridi  |  

Transcend, a provider of liquidity, funding, and collateral optimization solutions, has appointed Emily Harris as a Product Specialist, based out of the United Kingdom. In this role, Emily will “focus on leading Transcend’s securities finance product development efforts and growing the firm’s global footprint, particularly… Read More

June 17, 2023 @ 10:02 am By Omar Faridi  |  

One of the UK’s largest small business lending platform, Funding Circle (LSE: FCH), has made its new product, FlexiPay, available for brokers to offer their clients who currently have a Funding Circle business loan. The launch of FlexiPay “means small business borrowers can now also borrow,… Read More

June 16, 2023 @ 3:53 pm By Omar Faridi  |  

Coincover, the digital asset protection company, announces the appointment of Vikki Sly as Chief People Officer (CPO), boosting the firm’s commitment to building a healthy scaling business. With a strong background in designing and implementing successful internal cultures, Vikki will play “an integral role in… Read More

June 16, 2023 @ 11:22 am By Omar Faridi  |  

Backbase, the global firm focused on Engagement Banking software, announced its acquisition of Nucoro, the UK-based digital wealth platform for an undisclosed amount. The acquisition will allow Backbase “to incorporate Nucoro’s headless platform capabilities directly into the Backbase Engagement Banking platform, enabling its customers to… Read More

June 16, 2023 @ 9:57 am By Omar Faridi  |  

Tide, the business financial platform, has announced it will help 200,000 female-led businesses start out by the end of 2027. It is the first fintech to support female-led SMEs on this scale. The commitment is part of Tide‘s efforts “to promote gender equality and remove… Read More

June 16, 2023 @ 9:34 am By Omar Faridi  |  

VC firm Molten Ventures has reportedly written down its current holding in digital banking platform Revolut by a sizeable 40%. This move is adding to the Fintech firm’s recent challenges as it struggles to obtain a UK banking license. Molten Ventures has discounted the value… Read More