Tagged: uk

October 11, 2022 @ 12:47 pm By Omar Faridi  |  

Barclays is rolling out a new cashback without purchase service, “creating thousands of new locations for consumers to withdraw cash for free.” This is the first time a UK bank has “launched its own cashback without purchase service, made possible by Barclays’ payments franchise and… Read More

October 11, 2022 @ 7:44 am By Omar Faridi  |  

Bank of America’s (NYSE: BAC) online payment solution, Pay by Bank, is now available for euro currency payments. Delivered in conjunction with Banked Ltd., this development follows the UK launch of Pay by Bank in February this year and “allows customers of e-commerce companies to… Read More

October 10, 2022 @ 11:07 pm By Barry James  |  

‘Going for Growth’ Liz Truss’ Style Has Led the UK to A Precipice – Can MPs Pull it Back In Time?   Dear MPs, As Liz Truss launches her pincer movement in parliament this week – a ‘charm offensive’ coupled no doubt with a touch… Read More

October 10, 2022 @ 11:13 am By JD Alois  |  

Among other policy initiatives aiming to boost the UK’s flagging economy, SEIS or Seed Enterprise Investment Scheme – a pro-innovation tax exemption received an adjustment as outlined in the Chancellor of the Exchequer’s “mini-budget” revealed last month. According to the document: “From April 2023, companies… Read More

October 10, 2022 @ 9:16 am By JD Alois  |  

BankiFi, a UK-based Fintech offering embedded banking services, has announced a partnership with Axiom Bank to pursue the US SME banking market. Axiom Bank, based in Florida, has its roots as a community-based savings and loan firm that has bigger plans. The two firms are… Read More

October 10, 2022 @ 8:18 am By Omar Faridi  |  

Crowdtolive, which lets people own their home “without incurring debt,” whilst investors can get the benefits of property investment, has raised 120% (£482,950) of its £400,004 target via Seedrs from 158 investors (at the time of writing) with 20 days currently left in the firm’s crowdfunding… Read More

October 9, 2022 @ 11:34 pm By Omar Faridi  |  

A new independent survey of more than 2,000 European SMEs has found: 68% plan to adopt real-time payment processing in the next 12 months At present, just 10% of SMEs can receive payments instantly 23% say their international growth has been hindered due to delays… Read More

October 9, 2022 @ 10:34 pm By JD Alois  |  

Fintech startup Hedgehog has raised over £1.56 million on Seedrs. As was previously reported, Hedgehog was aiming to raise £1 million but has easily topped that amount by over 50%. Hedgehog was offering equity at a pre-money valuation of £20.4 million. The offering was EIS-approved…. Read More

October 8, 2022 @ 6:15 pm By Omar Faridi  |  

HSBC (NYSE: HSBC) has launched HSBC Trade Solutions (HTS) to customers in its two largest markets – the UK and Hong Kong. Whilst making trade simpler, faster, and safer for customers through integrated digital journeys, HTS will “power commerce that is rapidly evolving across different… Read More

October 7, 2022 @ 7:52 am By Omar Faridi  |  

Aryza, which claims to be the expert developers of software solutions for the sectors of insolvency, credit and debt recovery, has announced a partnership with Validis, an open accounting platform, in order “to develop an open finance solution that will help business lenders obtain better… Read More

October 6, 2022 @ 10:40 pm By Omar Faridi  |  

British teenagers say they go online for help “on everything from hair hacks to video game tips, with one in three (33%) preferring to seek advice on the web to avoid the ‘awkwardness’ of asking someone face to face.” The Lloyds Bank research – which… Read More

October 6, 2022 @ 10:33 am By JD Alois  |  

Proplend, an online lending platform that allows individual investors to partiipate in commercial property loans, has appointed a new Chairman of the Board. According to a note from Proplend, Jason Oakley is the new Chair. Oakley was most recently the Managing Director of Metro Bank…. Read More

October 6, 2022 @ 9:45 am By Omar Faridi  |  

Santander UK has announced the launch of My Home Manager in the Santander mobile app, a new comprehensive service “for mortgage customers designed to assist with all aspects of their home, including: viewing their home value estimate and mortgage balance; checking their home’s Energy Performance… Read More

October 6, 2022 @ 9:11 am By JD Alois  |  

Real estate crowdfunding platform CrowdProperty says it has topped £600 million in property projects, after a “record-breaking” September. During the month, CrowdProperty lent £14.3 million to enable the construction of residential property developments by small and medium-sized developers across the UK. When comparing the same… Read More

October 6, 2022 @ 8:06 am By Omar Faridi  |  

Smart money app Plum is reportedly launching its third crowdfunding round after acquiring £5 million in debt financing from Silicon Valley Bank. Plum previously conducted a public campaign on Crowdcube that managed to acquire $8 million in additional capital along with a $24 million Series… Read More

October 5, 2022 @ 10:10 pm By JD Alois  |  

Bank North, a UK hybrid bank that only gained its banking license in late 2021 is calling it quits, according to multiple reports. Bank North co-founder Richard Baker posted on LinkedIn this past week that the challenger bank “has failed to raise the capital it… Read More

October 5, 2022 @ 12:35 pm By Omar Faridi  |  

Payhawk, the “fast-growing” spend management platform combining company cards, reimbursable expenses, and accounts payable in one solution, recently announced the launch of a business credit card in the UK. This new release “follows its launch of credit cards for US businesses in September this year,… Read More

October 5, 2022 @ 9:47 am By JD Alois  |  

June 2021 Promotion by Kardashian has the potential of being viewed by 328 million followers in what many think may have been the “financial promotion with the single biggest audience reach in history.” There has been plenty of chatter about the US Securities and Exchange… Read More

October 5, 2022 @ 8:11 am By JD Alois  |  

British Patient Capital states that it has pledged €25 million to Finch Capital’s Europe Fund III. The Fund is now closed. Finch Capital is the UK and Netherlands-based VC firm. This Fund will focus on European Fintech firms that are deemed to have solid growth… Read More

October 5, 2022 @ 8:01 am By Omar Faridi  |  

Ebury, a global fintech, is pleased to announce that it has become a member of Amazon’s Payment Service Provider Program “meaning that sellers using Amazon sites can continue to collect payments in different regions and currencies through Ebury’s platform.” The Program was “introduced by Amazon… Read More