Tagged: uk

March 8, 2022 @ 11:18 pm By Omar Faridi  |  

Business Finance Market (BFM), a Fintech established by the businessman behind two UK-based banking challengers Craig Iley recently acquired £1.3 million in capital via a seed round. BFM, which maintains offices in Newton Aycliffe in County Durham, is planning to enhance the process bringing lenders… Read More

March 8, 2022 @ 7:35 pm By Tony Zerucha  |  

Crypto platform Wirex has partnered with DEX aggregator Paraswap, the companies announced today. Using Paraswap’s price algorithm, Wirex Wallet users will now be able to exchange multiple tokens, saving users large amounts of money and effort. The Paraswap integration will enable users to swap their… Read More

March 8, 2022 @ 2:41 pm By Tony Zerucha  |  

Nine per cent of smartphone users in the United Kingdom, as many as 5.7 million people, have fallen victim to identity fraud in the last 12 months, according to research by digital identity firm GBG. GBG’s State of Digital Identity Report 2022 reveals young adults aged… Read More

March 8, 2022 @ 2:37 pm By Omar Faridi  |  

UK’s investment platform easyMoney notes that we are in the middle of a cost-of-living crisis and prices are increasing on just about everything we purchase so putting away extra funds into a savings pot might “not be at the top of your list, but it… Read More

March 8, 2022 @ 10:53 am By Omar Faridi  |  

February has seen “a number of regulatory updates,” as well as more reports of growth within the UK Fintech sector, the team at Banking Circle noted. At Banking Circle, they released their new whitepaper, ‘Payments without Barriers: Focus on Denmark’, examining “the potential from improved… Read More

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

The team at PensionBee notes that February was, in many ways, “a continuation of January’s rocky start to the year.” Stock markets continued to fall “as a result of rising inflation, rising interest rates and a generally weaker economic outlook.” However, Russia’s unprovoked invasion of… Read More

March 8, 2022 @ 8:30 am By JD Alois  |  

FOLK2FOLK, a peer-to-peer lender that aims to provide access to capital for UK SMEs, says it anticipates a £1.98 million profit for its 2021 fiscal year approximately 2X versus the year prior. Subject to audit, this is expected to be the company’s largest annual profit… Read More

March 7, 2022 @ 9:37 pm By JD Alois  |  

Atom Bank, a digital bank minus any physical branches, is planning to pursue an initial public offering (IPO) in 2023, according to the company. Atom recently completed a £75 million funding round valued at £435 million. The funding was led by BBVA who acquired a… Read More

March 7, 2022 @ 4:02 pm By JD Alois  |  

The UK Financial Conduct Authority (FCA) has issued a statement pertaining to EQONEX Limited and the Binance Group stating that Bifinity will advance a USD $36 million in a convertible loan to EQONEX. EQONEX is a firm based in Singapore that is listed on the NASDAQ… Read More

March 7, 2022 @ 11:10 am By Omar Faridi  |  

Wealth at Work,  a financial wellbeing and retirement specialist, has reportedly appointed Jerome Gudgeon to serve as its Chief Information Technology Officer. Due to strong demand for its all-digital services, WEALTH at work is focused on innovating further to ensure customers are able to benefit… Read More

March 7, 2022 @ 11:06 am By JD Alois  |  

European investment platform, Estateguru has announced the launch of its services in the UK while opening an office in Manchester. Estateguru is based in Estonia but has long operated across Europe including Germany, Spain, Portugal, Finland, and, of course, Estonia. The company is known for… Read More

March 7, 2022 @ 8:53 am By Omar Faridi  |  

Viritech, a Cleantech investment opportunity in the global hydrogen economy, has raised 141% (£1,414,140) of its £1,000,000 target via Crowdcube from 772 investors (at the time of writing) with 11 days left in the firm’s crowdfunding campaign. Viritiech claims that it has “a world-class engineering… Read More

March 7, 2022 @ 8:36 am By Omar Faridi  |  

UK-headquartered cryptocurrency firm Mode has appointed ex- Alipay UK CEO Rita Liu to serve as the company’s Chief Executive. For more than 1o years, Liu has held key leadership roles at Fintech firm Alipay in Asia, the US, Canada and was CEO in the UK… Read More

March 6, 2022 @ 9:19 pm By Omar Faridi  |  

Profile Software, the financial solutions provider, recently announced the selection of Axia by Cirdan Capital, a Fintech company in the UK (established in 2014), which mainly specializes in the issuance of structured investment products, in order to complete the proprietary tech of its platform. This… Read More

March 5, 2022 @ 11:39 am By Omar Faridi  |  

Investment app Plum has reportedly added a widget feature for its iOS clients in order to make it more convenient to keep track of their finances. Plum customers may now review how much they are saving into customizable pots via their iOS home screen without… Read More

March 4, 2022 @ 12:00 pm By JD Alois  |  

Shares, a combination investing and social app, has raised $40 million in Series A funding. The round was led by Peter Thiel’s fund – Valar Ventures. Other investors include Singular and Global Founders Capital. Shares previously raised $10 million. Shares reports 130 employees in three… Read More

March 4, 2022 @ 8:26 am By Omar Faridi  |  

UK-based MarketFinance notes that while consumer apps have undergone major digital transformation over the past decade, many B2B experiences have “remained largely offline and clunky.” MarketFinance writes in a blog post that they have “grown used to consumer experiences being unlocked with a few taps,… Read More

March 3, 2022 @ 9:08 pm By Omar Faridi  |  

Tide, which is the United Kingdom’s business financial platform with full-scale operations set to launch in India, has confirmed their plans to support 500,000 female-led companies by 2027. UK based #fintech #Tide commits to incubate 500,000 women-led small businesses in India in next five years,… Read More

March 3, 2022 @ 3:08 pm By Omar Faridi  |  

The team at UK Fintech Modulr notes that they are pleased to let their clients know that their Faster Payments transaction limit has “increased from £250,000 to £1 million for inbound and outbound payments, in line with the retail payments authority, Pay.UK, which went into… Read More

March 3, 2022 @ 9:26 am By JD Alois  |  

Delio, a company that connects investors with alternative assets such as private equity, debt, and property, has raised $8.3 million to accelerate its growth. The funding was led by Octopus Ventures as well as early investors Maven Capital Partners, bringing Delio’s total equity funding to… Read More