Tagged: uk

December 29, 2021 @ 11:17 pm By Omar Faridi  |  

Fintech firm Monzo notes that you can now choose to set your contactless spending limits “to levels you’re comfortable with.” Or you may choose to turn contactless off completely if you want to, the team at Monzo writes in a blog post. In October 2021,… Read More

December 29, 2021 @ 3:55 pm By Omar Faridi  |  

Anil Stocker, CEO at UK-based MarketFinance, a leading online lender that raised £280 million in debt and equity (earlier this year) and was approved for flex loans, notes that for most businesses in the United Kingdom, 2021 presented both opportunities and challenges (and that was… Read More

December 29, 2021 @ 2:45 pm By Omar Faridi  |  

Ruby Datum, which aims to be a platform with a “credible” reputation for being intuitive, resilient, and rapid for collaboration, has raised 76% (£114,456) of its £150,000 target from 131 investors through its crowdfunding campaign via Crowdcube (with 16 days left in the campaign at… Read More

December 29, 2021 @ 10:56 am By Omar Faridi  |  

Nicholas Harding, Co-founder and CEO at Lending Works, noted that he established the firm with help from Matthew Powell,  Co-founder and CFO, back in 2014. Harding explains that they believed that technology could “transform customer experience in financial services.” Their aim was to “deliver this… Read More

December 29, 2021 @ 9:25 am By Omar Faridi  |  

The team at Molo Finance has shared some notable buy-to-let hotspots in 2022. According to Molo Finance, which focuses on reimagining mortgages, buy to let continues to be a “popular way for people to invest their money.” And as we get ready to enter a… Read More

December 28, 2021 @ 8:12 am By Omar Faridi  |  

The UK’s Nationwide House Price Index reveals that the price of a “typical” home in the country grew by 10% YoY in November, which is a just bit higher than the 9.9% recorded in October 2021 (on a monthly basis, prices surged by 0.9%, up… Read More

December 28, 2021 @ 4:25 am By Omar Faridi  |  

UK’s digital banking platform Starling Bank has provided some end-of-year updates. As we look ahead to 2022, Starling Bank notes that diversity is at “the heart” of their company. They believe that “regardless of who you are, it is your knowledge, skills and experience that matter.”… Read More

December 28, 2021 @ 1:05 am By Omar Faridi  |  

Stryve, which is focused on the “future of work” by leveraging automation, has secured 122% (£244,072) of its £200,000 target from 168 investors via Crowdcube with 25 days left in its crowdfunding campaign (at the time of writing). As explained in the update, Stryve’s ‘Talent… Read More

December 27, 2021 @ 10:14 am By Omar Faridi  |  

Gazeal, which aims to transform the way property is bought/sold with “upfront information and binding Reservation Agreements,” has raised 164% (£591,249) of its £360,004 target from 217 investors (at the time of writing) via Seedrs. Based in London, United Kingdom, Gazeal operates in Property / Digital… Read More

December 26, 2021 @ 11:19 pm By Omar Faridi  |  

PIMFA, the trade association for wealth management, investment services and the investment and financial advice industry, welcomes the fact the UK’s Financial Conduct Authority (FCA) has “recognized current levels of Financial Services Compensation Scheme (FSCS) funding are unsustainable and is committed to reform. But current… Read More

December 26, 2021 @ 3:49 pm By Omar Faridi  |  

SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) announced an investment in a newly incorporated firm established by the combination of Equiniti and American Stock Transfer & Trust Company, recently acquired by affiliates of Siris Capital Group, LLC (together with its affiliates, “Siris”). The announcement noted that… Read More

December 24, 2021 @ 9:31 am By Omar Faridi  |  

Digital bank Revolut, the provider of a financial Super App with over 18 million customers globally, revealed that it will bring Google Pay to Revolut Junior clients across the United Kingdom and EEA. Revolut says it added support for Google Pay after getting feedback during… Read More

December 24, 2021 @ 8:48 am By Omar Faridi  |  

The UK’s Prudential Regulatory Authority (PRA) has imposed a financial penalty on Metro Bank plc “of £5,376,000 for failing to act with due skill, care and diligence in relation to the regulatory reporting of its capital position and for failings in its regulatory reporting governance,… Read More

December 23, 2021 @ 8:15 am By Omar Faridi  |  

Visa (NYSE: V) announced it has finalized the acquisition of Currencycloud, an international platform that enables banking institutions and Fintech firms to offer various foreign exchange solutions for cross-border transactions. The acquisition will aim to empower Visa and Currencycloud customers and partners to offer a… Read More

December 23, 2021 @ 8:11 am By Omar Faridi  |  

Nationwide clients had been left panicking after a recent Faster Payments outage at the building society only a few days before Christmas. After problems being reported on Tuesday (December 22, 2021), Nationwide confirmed that the “technical issue” had now been resolved and that “all delayed… Read More

December 22, 2021 @ 9:45 am By Omar Faridi  |  

Established 11 months ago by ex- Revolut professionals including CEO Lasse Kalkar and COO Anita Koimur, and CTO Evan O’Brien, LiveFlow plans to improve the way financial management is performed inside organizations. The team at LiveFlow wrote in a blog post that they are pleased… Read More

December 22, 2021 @ 9:35 am By JD Alois  |  

DeFi incubator Dispersion Holdings plc (AQSE: DEFI) has submitted an application for the listing of its ordinary shares on the Canadian Neo Exchange. Dispersion Holdings currently has a market cap of around £26 million. NEO Exchange is an early stage Fintech that aims to “re-focus… Read More

December 22, 2021 @ 9:02 am By Omar Faridi  |  

Providing a smarter way to perform monetary transactions, PollenPay, a UK-headquartered Buy Now Pay Later (BNPL) firm is pleased to confirm its launch plans. Led by company founder and CEO, Leon Wilson, the team at PollenPay plans to ease pressure on purchases, while at the… Read More

December 21, 2021 @ 3:49 pm By Omar Faridi  |  

ThinkSmart Limited (AIM: TSL), a specialist virtual payments platform business, has announced that it has agreed terms with Afterpay for ThinkSmart’s subsidiary, ThinkSmart Europe, in order to sell its 10% holding in Clearpay in exchange for 1,650,000 shares in Afterpay. As noted in the announcement,… Read More

December 21, 2021 @ 11:24 am By Omar Faridi  |  

The Sage Group plc (FTSE: SGE), which claims to be the leader in accounting, financial, HR and payroll tech for SMEs, announced that it has agreed to acquire Brightpearl, a Cloud native multichannel retail management system for retailers and wholesalers. At Sage, the company aims… Read More