Tagged: uk

November 17, 2022 @ 11:27 am By JD Alois  |  

Chancellor of the Exchequer Jeremy Hunt delivered the Autumn Budget today, and once again, there is a bundle of adjustments and announcements aiming to improve the UK economy that is struggling with high inflation, unsustainable energy costs, and a recession. The UK government has already… Read More

November 16, 2022 @ 7:01 pm By JD Alois  |  

Revolut, a UK-based neobank with global ambitions, has announced topping 25 million retail customers after reporting 20 million customers this past July. Revolut is a Fintech that offers modern digital banking services minus costly physical locations. The “financial super app” added that its expansion plans… Read More

November 16, 2022 @ 8:24 am By Omar Faridi  |  

Banked Ltd, the London-based Fintech company building a next-gen global payment network, announced that it has raised over $15 million in a Series A extension round, “led by global software investor Insight Partners.” The investment round was “supported by Citi and National Australia Bank Ventures,… Read More

November 16, 2022 @ 8:18 am By Omar Faridi  |  

Atom bank and Phoebus Software Limited (PSL) have reportedly signed a new 3-year contract. The digital bank which streamlined the mortgage market by introducing the use of mobile apps in order to support its lending processes, has been a Phoebus user since Atom Bank’s official… Read More

November 15, 2022 @ 10:26 am By Omar Faridi  |  

The team at Molo Finance are pleased “to introduce a ‘Savings Booster’ feature across all of our buy-to-let products.” Current market volatility in the UK has “resulted in landlords facing the highest mortgage interest rates in over a decade.” Recognizing the challenges they face, the… Read More

November 15, 2022 @ 8:26 am By Omar Faridi  |  

UK BaaS (Banking as a Service) fintech firm Griffin and global FS OS (Financial Services Operating System) 11:FS Foundry announced a new partnership “to help businesses actualise the benefits of embedded finance – the process of building new fintech products and embedding financial services directly… Read More

November 14, 2022 @ 8:07 am By Omar Faridi  |  

After expansive growth in both client base and product offerings, Addepar is pleased to announce “the continued growth of their European presence.” The opening of their London office “follows last year’s expansion in Edinburgh.” CEO Eric Poirier said: “We’re excited to see this addition to our… Read More

November 13, 2022 @ 11:07 pm By Omar Faridi  |  

Uphold, a digital money platform, has announced the launch of its new debit card for UK customers that pays rates of “up to 4% rewards in XRP.” Unlike other comparable cards, the Uphold Card will “not charge non-sterling transaction fees, making it ideal for travel… Read More

November 13, 2022 @ 10:48 pm By Omar Faridi  |  

Wayhome has raised 102% (£3,087,566) of its £3,000,001 target from 448 investors via its crowdfunding campaign, carried out via Seedrs. There are now (at the time of writing) 20 days left in this sale. According to the Wayhome team, they aim to offer “a new… Read More

November 13, 2022 @ 1:01 pm By Omar Faridi  |  

YouWrk, which claims it is recruitment that “works for everyone,” blending the “best” of digital and human, with Stripe-powered technology and “hands on account management,” has raised 95% (£143,344.58) of its £150,000 target from 87 investors with 9 days left (at the time of writing)… Read More

November 13, 2022 @ 12:57 pm By Omar Faridi  |  

It’s been a time of “great change” in the UK, with political events unfolding alongside global economic themes, including high inflation and rising interest rates, the team at PensionBee notes. According to PensionBee, there’s “an interconnected relationship between inflation and interest rates; often when one… Read More

November 11, 2022 @ 10:33 pm By JD Alois  |  

CapitalRise has financed an £8.5 million loan for the acquisition and development of a detached 13,000 sq. ft house on the private Wentworth Estate in Virginia Water. CapitalRise notes that the new detached house on the plot has an estimated sales price of £16 million… Read More

November 10, 2022 @ 4:06 pm By Omar Faridi  |  

The all-new Kuda app has arrived on the Play Store and the App Store with features including investments and UK-to-Nigeria transfers. Financial inclusion is in “our soul,” the company claims, while noting that since 2019, they have worked “with almost five million users to build… Read More

November 10, 2022 @ 7:48 am By Omar Faridi  |  

Starling Bank has taken swift action “to make life simpler for bereaved individuals, following recommendations made in a key nationwide bereavement report.” The digital bank has “unveiled a new strategic partnership with end-of-life admin service Settld, which will streamline account administration for those handling the… Read More

November 9, 2022 @ 10:37 pm By Omar Faridi  |  

Weavr, a London-headquartered technology provider that empowers businesses with plug-and-play embedded finance solutions, sets up in Singapore “as part of its mission to make embedded financial services available to any digital business.” Backed by a US$40m Series A led by American investment firm Tiger Global,… Read More

November 8, 2022 @ 9:03 am By JD Alois  |  

Neobank Revolut has announced a new instant messaging feature for users in the UK, US and EEA. The chat feature is for account holders to communicate with other users while sending or requesting funds. According to Revolut,  the chat feature is designed to make it… Read More

November 7, 2022 @ 4:29 pm By JD Alois  |  

Global banking firm HSBC is having some issues with its online banking service as well as some credit cards, according to multiple reports and Tweets. The issues kicked up last week and appear to be ongoing today. As far as we know, the problems are… Read More

November 7, 2022 @ 3:11 pm By Omar Faridi  |  

impak Ratings, an impact analysis, and ratings Fintech, acquires 100% of London-based Exerica’s assets to expand its AI capabilities. Exerica’s entire team will be “integrated into impak’s production processes along with its proprietary AI data extraction and contextualization software.” This will “increase production capacity for… Read More

November 7, 2022 @ 7:28 am By Omar Faridi  |  

Plend is pleased to announce that they have raised £40 million in seed funding with new investors “including Leon & Soho House backers Active Partners, plus Velocity Juice, Sivo and the founders from Monzo, Starling Bank and Oodle Car Finance.” The investment round “includes existing… Read More

November 5, 2022 @ 4:42 pm By Omar Faridi  |  

Arqit Quantum Inc. (Nasdaq: ARQQ), a key player in quantum-safe encryption, has signed a contract with Nine23 Ltd, a cybersecurity solutions provider for UK regulated and compliant sectors, “to deploy Arqit’s QuantumCloud™, a symmetric key agreement software, on Nine23’s UK Sovereign Secure Private Cloud infrastructure… Read More