Tagged: uk

July 9, 2022 @ 5:39 pm By Omar Faridi  |  

Stripe, a financial infrastructure platform for businesses, announced that Revolut will use Stripe “to support payments in the UK and Europe and accelerate its expansion into new markets.” Founded in 2015, Revolut has rapidly “become one of Europe’s great fintech success stories.” After launching in… Read More

July 8, 2022 @ 7:54 am By Omar Faridi  |  

  London Fintech Plum, Europe’s personal finance app, has introduced a debit card “to help its customers take control of their finances.” The card is Plum’s first move into spending, “consolidating its position as a comprehensive money app.” Designed to complement Plum’s budgeting features and… Read More

July 7, 2022 @ 1:33 pm By JD Alois  |  

  It has been a tough few weeks for crypto assets. Fears of contagion ripped through the sector when several firms shut down withdrawals. This week, Voyager Digital filed for bankruptcy protection the in the US under Chapter 11. This was predicated by the pending… Read More

July 7, 2022 @ 8:59 am By JD Alois  |  

Griffin, a banking as a service (BaaS) provider, has raised an additional $15.5 million as it pursues its mission of becoming the “bank Fintechs can build on.” The Fintech has raised $27 million to date. The funding round was led by Notion Capital, with participation… Read More

July 7, 2022 @ 8:07 am By Omar Faridi  |  

HM Treasury had introduced a consultation in July of last year, entitled “Amendments to the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 Statutory Instrument 2022.” This consultation outlined how the UK Government intended “to amend the UK’s Money… Read More

July 7, 2022 @ 7:22 am By Omar Faridi  |  

Revolut, the super-app with over 18 million retail customers globally and more than 500,000 corporate clients, is offering Revolut Reader in the United Kingdom and Ireland. A “fast” and ‘powerful” lightweight card reader, the new product is designed “to allow merchants of all kinds to… Read More

July 7, 2022 @ 7:16 am By Omar Faridi  |  

UK-based business financial platform Tide has teamed up with Transcorp International Limited in order to issue prepaid cards intended for SMEs across India. The co-branded Tide Expense Cards should be introduced as an entry product, supported by India‘s card payment network, Rupay. The Tide app… Read More

July 7, 2022 @ 7:07 am By Omar Faridi  |  

allpay recently announced the introduction of their Confirmation of Payee solution. Developed in-house, the tech should enable the Hereford-based payment service provider’s 16,000 Banking Lite cardholders to take advantage of the Open Banking ecosystem. Clients can link up their allpay pre-paid account to other banking… Read More

July 6, 2022 @ 11:12 pm By Omar Faridi  |  

Raylo, the subscription payment platform, recently revealed that it has acquired £6.5 million in additional capital, including an investment from Wayra UK, part of the international telecoms group, Telefónica, along with contributions from existing investors such as Octopus Ventures and Macquarie. The capital will be… Read More

July 6, 2022 @ 9:20 pm By Omar Faridi  |  

The UK’s Financial Conduct Authority (FCA) has appointed six directors as it “expands its headcount to meet a growing remit and to achieve its ambitious strategy, which launched in April.” The appointments announced recently, which fill a mix of new and existing roles, “draw on… Read More

July 6, 2022 @ 9:37 am By Omar Faridi  |  

ThinCats, which claims to be the “leading” alternative finance provider to SMEs, recently  announced the appointment of Richard Newman, Senior Director, Transaction Management to manage its Midlands transaction team. Richard reportedly has over 20 years of corporate finance experience occupying senior roles at HSBC, RBS… Read More

July 5, 2022 @ 2:52 pm By Omar Faridi  |  

Floan, a budgeting tool that aims to help people travel, by “offering point of sale finance” for flights, has raised 115% (£92,280) of its £80,010 target (at the time of writing) from 68 investors with 24 days left in the firm’s crowdfunding campaign, carried out… Read More

July 5, 2022 @ 10:00 am By JD Alois  |  

Payments platform Wirex has announced the launch of Wirex Credit which is described as offering competitive interest rates and no origination fee for crypto-backed loans. Wirex states that users may borrow up to $100,000 in stablecoins, with a loan to value (LTV) of up to… Read More

July 4, 2022 @ 10:34 am By JD Alois  |  

Uphold, a crypto trading platform that is registered with the UK Financial Conduct Authority (FCA), is calling a bottom in the crypto markets. Since the beginning of 2022, digital assets have tumbled in value. At one point in 2021, crypto hovered around $3 trillion in… Read More

July 3, 2022 @ 11:09 pm By Omar Faridi  |  

Revolut, the global financial super app with over 18 million customers worldwide, has announced the appointment of Sid Jajodia as US CEO. Sid joined Revolut as Chief Banking Officer in July 2021 and will “continue in this role alongside being US CEO, leading the roll… Read More

July 3, 2022 @ 10:24 pm By Omar Faridi  |  

  Analysis of online jobs data has found that digital currency exchange Kraken is “leading” the crypto recruitment charge. The company is looking “to fill over 650 new positions in the past week in the UK and United States.” Further analysis shows that Jack Dorsey’s… Read More

July 3, 2022 @ 10:11 pm By Omar Faridi  |  

Global Processing Services (GPS), a global payment tech platform, recently announced the promotion of Joanne Dewar to Vice Chair. Kevin Schultz has also “been appointed as Chief Executive Officer, effective immediately.” Joanne will “maintain her position on the GPS board, where she will focus on… Read More

July 3, 2022 @ 7:07 pm By Omar Faridi  |  

Transact365, a UK-headquartered payments platform supporting merchants across the world, has recorded 300% YoY growth during its third year of European business operations. Established in 2017, Transact365 provides an international payments solution platform for merchants in major industries. With head offices in London, Transact365 currently… Read More

July 2, 2022 @ 4:21 pm By Omar Faridi  |  

The Bank of London, which claims to be the first “purpose-built” global clearing, agency and transaction bank, has partnered with SAP Fioneer, an international provider of financial services software solutions and platforms, in order “to transform and simplify global clearing and transaction banking.” The Bank… Read More

July 2, 2022 @ 11:27 am By Omar Faridi  |  

BEQUANT, the digital asset prime brokerage and exchange, is pleased to announce DeFi access for institutional clients, “realized through its recent integration with Fireblocks.” Clients will be able “to cross-margin between centralized and decentralized exchanges, making arbitrage trading more efficient.” DeFi marketplaces will be “fully… Read More