Tagged: uk

June 27, 2022 @ 2:59 am By Omar Faridi  |  

Open Banking Fintech Volt, a UK-based company powering the growth of real-time payments in the UK and Europe, is launching Verify, which is described as “an ultrafast bank account authentication service for online merchants and businesses.” As confirmed in the update, Volt is launching Verify… Read More

June 27, 2022 @ 2:00 am By Omar Faridi  |  

Accounting firms are missing a “key opportunity” to adopt Open Banking to help meet the needs of small businesses facing a cash flow squeeze, according to a report by iwoca, which claims to be one of Europe’s largest small business lenders, and AccountingWeb. The report,… Read More

June 25, 2022 @ 7:09 pm By Omar Faridi  |  

Breega, the European VC built “by founders for founders,” has closed a €250 million venture fund and now celebrates the launch of a Barcelona office along with its London and Paris locations. The fund should enable Breega to finance founders at Series A stage and… Read More

June 24, 2022 @ 1:17 pm By Omar Faridi  |  

Global Fintech SumUp, the financial partner for over 4 million small businesses worldwide, has raised a €590 million funding round that gives the company “an enterprise value of €8 billion following a decade of rapid growth and global expansion.” The investment round was led by… Read More

June 24, 2022 @ 8:33 am By Omar Faridi  |  

As You Sow, a non-profit in shareholder advocacy and Tulipshare, a UK-based activist retail investment platform, recently announced a partnership “to empower retail investors globally to use their shareholder power in support of resolutions on climate, racial justice, and other pressing issues this proxy season.”… Read More

June 24, 2022 @ 8:31 am By Omar Faridi  |  

This month, Funding Circle, one of the UK’s largest small business loan platforms, has refreshed its ‘Money To Do More’ scheme “with enhanced benefits for Funding Circle employees, known as Circlers.” The company has “set aside £300k this year, with each of Funding Circle’s 600… Read More

June 24, 2022 @ 8:27 am By Omar Faridi  |  

The Payment Systems Regulator (PSR) in the UK has set out its plans showing how it proposes “to carry out two market reviews focusing on card fees.” As noted in the update from PSR, one “looks at scheme and processing fees, and the other at… Read More

June 24, 2022 @ 8:23 am By Omar Faridi  |  

Sahil Thapa has reportedly joined from Deutsche Bank to lead tech and innovation teams at Recognise Bank. Sahil Thapa has been appointed Chief Technology Officer (CTO) at Recognise Bank, the digital small business bank “serving the UK’s 3.5 million SMEs with lending and business savings… Read More

June 24, 2022 @ 8:08 am By Omar Faridi  |  

Planixs, which claims to be the global leader of real-time treasury tech, recently announced that its customer, FBN Bank (UK) Ltd, has now “gone live with the company’s Real-Time Reconciliations module, an add-on component of the firm’s Realiti® software that will provide the Bank with… Read More

June 23, 2022 @ 4:00 pm By JD Alois  |  

  THIS, a plant-based meat creator, has quickly topped its £4 million funding target on Seedrs. At this moment, THIS has raised over £5.7 million from 2179 investors on Seedrs. The company is raising equity capital at a pre-money valuation of £150 million. The security… Read More

June 23, 2022 @ 1:27 pm By Omar Faridi  |  

Starling Bank has passed the three million current account milestone, which “includes more than 460,000 small business accounts,” according to an update shared with CI. This key milestone comes five years after the digital bank launched its Personal Current Accounts in May 2017, while its… Read More

June 23, 2022 @ 9:49 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) says it is dealing with scams faster by scanning thousands of websites daily and shutting them down when a nefarious actor appears. The FCA reports that between May 2021 and April 2022, it added 1,966 possible scams or frauds… Read More

June 23, 2022 @ 9:37 am By JD Alois  |  

Wirex, a global payments platform active in the crypto sector, will be restarting services for UK consumers following “constructive dialogue” with the UK Financial Conduct Authority (FCA). Wirex, based in London, reports over 5 million customers worldwide. In March 2021, Wirex announced it would pause… Read More

June 23, 2022 @ 8:04 am By Omar Faridi  |  

Zumo, the Edinburgh-based crypto wallet and payments platform, has appointed Clark Povey as its new Operations Director “to shape the moments that matter in people’s crypto experience.” Clark has more than 20 years’ experience “leading global operations at financial services and technology companies.” He will… Read More

June 22, 2022 @ 11:57 pm By Omar Faridi  |  

ARA Venn, a specialist investment manager of private debt in the residential sector, has “completed a fund-raise of up to £280m to invest in home-finance plans” to be originated by StrideUp, a digital home finance group that is “co-owned by ARA Venn.” Over the past… Read More

June 22, 2022 @ 5:12 pm By Omar Faridi  |  

The Bank of London, which claims to be the next-generation tech firm and the world’s “first” purpose-built global clearing, agency, and transaction bank, recently announced its intention “to expand its footprint in the United Kingdom by opening its Centre of Excellence in Belfast, Northern Ireland,… Read More

June 22, 2022 @ 11:04 am By Omar Faridi  |  

From this month onwards, clients of The Cumberland will find it a lot easier to monitor their carbon spend with a tool used to measure and reduce their carbon footprints. The building society’s 70,000 current account customers are now being encouraged to download the Cogo… Read More

June 22, 2022 @ 9:58 am By JD Alois  |  

Playter, a buy now – pay later (BNPL) provider, has raised $55 million in both debt and equity. Playter did not disclose the split between equity and debt capital. Playter recently raised $1.7 million in seed funding to boost its services in the UK along… Read More

June 22, 2022 @ 8:01 am By Omar Faridi  |  

UK’s AI-enhanced personal finance chatbot Cleo has achieved a $500 million valuation following an $80 million round, according to an update shared by Sky News. The investment round, which has been announced around 18 months after a $44 million fundraise by Cleo, was joined by… Read More

June 22, 2022 @ 2:00 am By JD Alois  |  

The British Business Bank has shared the results of its annual Small Business Equity Tracker and the numbers for 2021 appear pretty strong. The Equity Tracker uses data from Beauhurst on publicly announced equity deals into UK SMEs. According to the Bank, equity investments in… Read More