Tagged: uk

March 11, 2022 @ 12:28 pm By Omar Faridi  |  

Funding Options, a UK firm helping business owners get the right finance in place, so they can “trade, plan and grow with confidence,” has been focused on expanding its range of financial services. Calling all Accountants and Advisory Professionals – Funding Cloud: Connect has officially… Read More

March 11, 2022 @ 8:59 am By JD Alois  |  

Insurtech MGA Loadsure has closed on an $11 million Series A funding round, led by MMC Ventures, according to a statement by the company. Additional investors in the round include Crowley and existing investor Insurtech Gateway. Loadsure claims title as the industry’s first transactional cargo… Read More

March 11, 2022 @ 7:56 am By Omar Faridi  |  

Binance UK is pleased to renew its membership at Innovate Finance, which is an independent not-for-profit industry body “representing the UK’s Global FinTech community, as a Scaleup Innovator for another year until 2023.’ As an international player in the digital asset sector, Binance is “committed… Read More

March 11, 2022 @ 7:52 am By Omar Faridi  |  

Buildiro, a metasearch engine and aggregation site for “locating and purchasing building supplies,” has acquired 76% (£228,833 ) of its £300,001 target from 55 investors via Seedrs (at the time of writing) with 28 days left in the firm’s crowdfunding campaign. Based in London, UK, Buildiro… Read More

March 10, 2022 @ 11:44 pm By Omar Faridi  |  

UK’s banking app provider Novus has been working cooperatively with Sustainability-as-a-Service provider ecolytiq to offer Novus’ sustainable banking app. All Novus clients in the UK get more transparency on their personal carbon footprint with each payment completed. This way of banking assists clients with better… Read More

March 10, 2022 @ 8:51 pm By Omar Faridi  |  

We recently connected with Mikkel Velin, Co-CEO, YouLend, which works with digital commerce platforms (inc. eBay and Shopify) in order to offer merchants access to fast and reliable funding. During a discussion with CI,  YouLend‘s management noted that the UK government’s Help to Grow scheme… Read More

March 10, 2022 @ 3:27 pm By Omar Faridi  |  

State Street Corporation (NYSE: STT) announced that State Street Digital, the company’s dedicated Digital unit, has entered into a licensing agreement with Copper.co, a London-headquartered provider of institutional digital asset custody and trading infrastructure. State Street Digital will “leverage Copper.co’s technology to develop and, subject… Read More

March 10, 2022 @ 9:01 am By Omar Faridi  |  

HyperionDev, a company that teams up with top ranked universities such as the University of Edinburgh to deliver university certified coding bootcamps online & onsite, has raised 132% (£2,654,165) of its £2,000,000 target via Crowdcube (at the time of writing) from 600 investors with 11… Read More

March 9, 2022 @ 11:49 am By JD Alois  |  

Bank North, a forward-thinking bank serving UK SMEs, has added several new executives to its team. According to a note from the company, the bank has appointed a Head of Valuations, Head of Financial Reporting and Financial Control, Head of Underwriting, and acting Treasurer, along… Read More

March 9, 2022 @ 7:25 am By JD Alois  |  

mmob, a UK-based embedded finance provider, has raised £5 million in seed funding, according to a statement by the company. Founded in 2020, mmob is led by founder and CEO, Irfan Khan. mmob reports that a group of angel investors, as well as HNW individuals… Read More

March 9, 2022 @ 7:13 am By Omar Faridi  |  

Blend Network recently released its first annual Predictions in Development Finance report. Set out in this report is an analysis of “the challenges and obstacles, but also the opportunities within the market,” the team at Blend Network noted in a blog psst. The development finance… Read More

March 9, 2022 @ 7:10 am By Omar Faridi  |  

BankiFi, the Manchester-headquartered technology firm focused on putting banks at “the heart” of business, has announced that it joined Visa Fintech Partner Connect in Europe – a program that assists Visa`s customers with offering the next-gen of virtual banking solutions. The partner program mainly focuses… Read More

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