Tagged: uk

April 4, 2022 @ 10:17 am By JD Alois  |  

Zvilo, a Balkan-based challenger bank, is reporting a  €50m debt facility provided by a “leading London-based alternative asset management company.” Zvilo says that it plans to offer digital financial solutions that will save users money while focusing on the Balkan region, with a population of… Read More

April 4, 2022 @ 9:40 am By JD Alois  |  

Zopa Bank, previously Zopa the P2P or Marketplace lender, is now profitable according to a note from the company. The news arrives 21 months after Zopa was approved to operate as a digital bank in the UK. Zopa did not provide details as to how… Read More

April 4, 2022 @ 8:28 am By Omar Faridi  |  

YouGov’s report The Future of Financial Services Report looks at the ongoing transformation of the US and international financial service industry as it “faces the headwinds of changing consumer expectations and wider industry fragmentation.” Recent data collected “paints a revealing picture of disruptions within the… Read More

April 3, 2022 @ 11:28 pm By Omar Faridi  |  

Oceain Insights, a digital video interview platform that uses AI to offer Corporate Personality Assessments, has raised 78% (£156,617) of its £200,004 target from 27 investors (at the time of writing) via Seedrs with 24 days left in the firm’s crowdfunding campaign. Located in Haywards Heath,… Read More

April 3, 2022 @ 10:17 pm By Omar Faridi  |  

The team at UK’s Sourced Capital notes that one of the “best” reasons for investing in property is the “potential” financial returns. However, what if you were not able to commit to “hands-on” investments? Sourced Capital has shared some of the alternative property investments. With… Read More

April 2, 2022 @ 7:55 pm By Omar Faridi  |  

The UK’s Payment Systems Regulator (PSR) has reportedly put the card schemes on notice that it is looking into their fees and how to assist merchants with entering better deals, including by promoting the alternative of account-to-account payments. While sharing its plans for 2022/23, the… Read More

April 2, 2022 @ 4:05 pm By Omar Faridi  |  

NTT DATA UK has announced that it has appointed Fernando Apezteguia as the new CEO for NTT DATA UK and Ireland. Apezteguia will now lead the business after having been part of the organization for over 20 years, with the aim of “accelerating its growth… Read More

April 1, 2022 @ 11:18 pm By JD Alois  |  

Property investment platform CrowdProperty has announced the launch of CP Capital – a second charge mezzanine finance product for property developers. CP Capital is said to exist to serve developers’ funding needs, supported by property expertise. Mezzanine funding sourced via the CP Capital product is… Read More

April 1, 2022 @ 6:52 pm By JD Alois  |  

AQRU plc (AQSE: AQRU), a DeFi incubator, has issued a statement that its wholly-owned subsidiary, Accru Finance Ltd., has signed up over 10,000 customer accounts and reached £16.5 million in assets under management (AUM) on its cryptocurrency yield-generating platform, AQRU.io. According to the website, users… Read More

April 1, 2022 @ 9:34 am By JD Alois  |  

Christian Faes is one of the leading voices in the UK advocating on behalf of the Fintech ecosystem. He is a founder and Executive Chairman of LendInvest – a successful property financing platform that is now traded on the LSE, and the Chairman of Fintech… Read More

April 1, 2022 @ 8:19 am By Omar Faridi  |  

Yonder, a London-headquartered credit card Fintech catering to ex-pats in the United Kingdom, has opened up a waitlist for potential clients after emerging from stealth with a £20 million equity raise. Established by three Cleasrscore alumni, Yonder plans to address the problems ex-pats tend to… Read More

April 1, 2022 @ 8:07 am By Omar Faridi  |  

Millions of UK bank account holders are “putting themselves at a much greater risk” of fraud by ignoring warnings provided by the Confirmation of Payee (CoP) service. This, according to research by Lloyds Bank. When sending funds online to someone that hasn’t been paid before,… Read More

March 31, 2022 @ 10:46 pm By Omar Faridi  |  

FE fundinfo has confirmed that it acquired Funds360, the French fund data and solutions provider based in Fontainebleau and Paris, from Euronext. The transaction brings together FE fundinfo’s fund data and tech expertise in the United Kingdom, Continental Europe and Asia with Funds360’s complementary data-set… Read More

March 31, 2022 @ 11:10 am By Omar Faridi  |  

Dapio, a UK-based firm that assists businesses with accepting contactless payments via their Android devices, has acquires $3.4 million in capital via a round that was co-led by payments firm Flutterwave and Techstars. Dapio, previously known as Paymob, aims to transform Android phones into payment… Read More

March 31, 2022 @ 9:55 am By JD Alois  |  

Today is the deadline (March 31, 2022) for crypto firms to be registered with the UK Financial Conduct Authority. Reports have filtered in that multiple UK-based crypto firms have abandoned the effort with some planning a departure from Great Britain. The list of UK crypto… Read More

March 31, 2022 @ 8:45 am By Omar Faridi  |  

The UK’s FCA recently revealed that they are interested in what the industry “sees as the role of the regulator in the provision of synthetic data.” The FCA pointed out that they are particularly interested in synthetic data when it comes to their “competition remit,… Read More

March 31, 2022 @ 6:46 am By JD Alois  |  

Caduceus, a blockchain for metaverse infrastructure development, has raised $4 million, at an $80 million valuation, in an oversubscribed Series A round, according to the company. The funding was led by Susquehanna International Group, founded by Jeff Yass. Other investors include Bin Zayed Group, BlockFills,… Read More

March 29, 2022 @ 11:32 am By Omar Faridi  |  

Mettle, the NatWest-backed digital account for small businesses operating in the United Kingdom, has reported 500% customer growth since the beginning of last year, reaching 50,000 clients nationwide. Established back in 2018, the app-only banking service offers hard-pressed freelance workers, sole traders, and small business… Read More

March 29, 2022 @ 11:27 am By JD Alois  |  

Matugga Distillery, a Scottish Rum distillery, has surpassed its £300,000 funding target on Crowdcube in just two weeks, according to a note from the firm. Matugga Distillery is raising equity capital at a £1.252 million pre-money valuation. The offering which has captured 244 individual investors… Read More

March 29, 2022 @ 10:48 am By JD Alois  |  

Banked Ltd., a Fintech offering a payment method enabling users to pay directly from an existing mobile bank app, has been integrated into the leading investment crowdfunding platform Seedrs, according to a note from the company. Seedrs is now using Banked’s “Pay by Bank” technology…. Read More