Tagged: uk

December 9, 2021 @ 7:46 am By Omar Faridi  |  

Chip, the savings app that aims to bring consumers the best rates while automatically building up their savings, has made changes to its membership plans as it focuses on making more of the app free and gets ready to launch a simplified fee structure. Chip,… Read More

December 8, 2021 @ 10:10 pm By Tony Zerucha  |  

A new study of institutional investors and wealth managers, who collectively manage around $108.4 billion in assets, reveals 85 per cent say they now have dedicated teams reviewing cryptocurrencies and digital assets, though for many it is a new development. The research, commissioned by London-based… Read More

December 8, 2021 @ 7:47 am By Omar Faridi  |  

Metro Bank (LSE:MTRO), the United Kingdom’s community bank, has introduced its Magic Money Christmas Tree marketing campaign with the goal to raise funds via a gold coin mechanism for various children’s charities through its 78 stores. Created by Metro Bank’s in-house studio and domestic agencies… Read More

December 7, 2021 @ 10:58 am By JD Alois  |  

Locket, an Insurtech raising capital on Seedrs, says it hit its funding goal in just 10 minutes last Friday. The initial offering sought £750,000 in a convertible security that holds a 15% discount to a future priced round. The investment is EIS eligible and holds… Read More

December 7, 2021 @ 9:51 am By Omar Faridi  |  

Zephyr Homeloans, the specialist buy-to-let (BTL) lender that is owned by Computershare, has unveiled several new products as part of a range redesign intended to support greater energy efficiency in the United Kingdom‘s private rental sector. Zephyr’s management noted that their new EPC Deal products… Read More

December 7, 2021 @ 8:27 am By Omar Faridi  |  

UK-headquartered Buy Now, Pay Later (BNPL) Fintech Butter is planning to compete with and potentially replace traditional credit cards with the introduction of its own BNPL card. Although 65% of UK consumers carry credit cards, the number being issued has declined by around 3% during… Read More

December 7, 2021 @ 8:01 am By Omar Faridi  |  

Digital wealth management platform Moneyfarm has confirmed that it will acquire Wealthsimple’s UK business book. Wealthsimple UK has reportedly agreed to transfer its 16,000 UK clients to Moneyfarm by the end of January 2022. The Canadian Robo-advisor said it would no longer be offering its… Read More

December 6, 2021 @ 11:00 am By Omar Faridi  |  

The London Stock Exchange (LSE) has reportedly agreed to terms in order to acquire portfolio optimization platform Quantile, further extending its post-trade offerings to the over-the-counter (OTC) derivatives market. Over the years, Quantile has managed to expand its team to more than 80 employees, with… Read More

December 6, 2021 @ 10:31 am By Omar Faridi  |  

iProov, a provider of biometric face authentication tech, and Eurostar, the high-speed passenger rail service linking the United Kingdom with mainland Europe, have announced that their trial of a contactless fast-track service, SmartCheck, is currently live. SmartCheck enables passengers to “complete secure ticket verification and… Read More

December 6, 2021 @ 10:29 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) issued a statement last week announcing rule changes designed to boost share listings on UK exchanges. At the beginning of 2021, the Kalifa Review of Fintech was published providing a roadmap for the UK to maintain and improve the… Read More

December 6, 2021 @ 8:59 am By Omar Faridi  |  

GO MODULAR, which aims to create low impact, “bespoke,” modular housing solutions for small and medium-sized developments, has acquired 93% (£304,613) of its £325,000 fundraising target from 284 investors via Crowdcube with 17 days left in the platform’s crowdfunding campaign. GO MODULAR or GM explains… Read More

December 6, 2021 @ 8:37 am By JD Alois  |  

Paymentology and Tutuka have agreed to merge, according to a statement by Paymentology. The two firms say they are joining to create a new payments and card processing powerhouse that will now operate in 49 different countries. The new company will operate under the Paymentology… Read More

December 6, 2021 @ 8:03 am By Omar Faridi  |  

Fintech firm iwoca, which claims to be one of Europe’s largest small business lenders, recently announced the expansion of its merchant cash advance product to all small businesses “accepting card payments in the UK.” As mentioned in an update shared with CI, the merchant cash… Read More

December 6, 2021 @ 8:02 am By JD Alois  |  

Property investment platform CrowdProperty says it has surpassed £100 million paid to investors. According to the investment marketplace, investors have earned, on average, 8.3% IRR. Importantly, CrowdProperty reports that it has maintained 100% principle and interest payback for its marketplace lending service since 2014. In… Read More

December 6, 2021 @ 7:53 am By Omar Faridi  |  

Crunch, an online accountancy software & service platform for freelancers and small businesses, has secured 112% (£672,965) of its £600,002 target from 272 investors (at the time of writing) via Seedrs with 2 days left in the firm’s crowdfunding campaign. Based in Brighton, United Kingdom,… Read More

December 5, 2021 @ 6:08 pm By Omar Faridi  |  

  Novus World, the impact banking app that aims to turn everyday spending into a “force for good,” has raised 111% (£999,860) of its £900,000 target from 269 investors (at the time of writing) via Seedrs with 24 days left in its crowdfunding campaign. Based… Read More

December 5, 2021 @ 5:37 pm By JD Alois  |  

Uniti, an electric car firm based in Sweden that has raised funding online via crowdfunding offerings, a self crowdfunding round, as well as venture capital, says it must raise at least 5 million SEK (~$457,000) by December 10th or it is likely that Uniti will… Read More

December 5, 2021 @ 2:30 pm By Omar Faridi  |  

Mobile banking app N26 recently confirmed that they’re getting ready to close down all US accounts in January 2022. As noted in a blog post by UK-based Fintech Monzo, this decision has “left many customers looking for a replacement that offers easy mobile banking, low… Read More

December 5, 2021 @ 1:08 pm By Omar Faridi  |  

Freetrade, a company that’s on a mission to get everyone investing, has secured  879% (£8,799,726) of its £1,000,000 fundraising target from 6926 investors (at the time of writing) via Crowdcube – with 1 day left in the Fintech firm’s crowdfunding campaign. A UK Financial Conduct… Read More

December 4, 2021 @ 5:17 pm By Omar Faridi  |  

Fintech firm BillFront announced that it has acquired €50 million in a multi-currency asset-backed financing from Fasanara Capital and “adopted a new name: Vane.” The rebrand to Vane reflects the firm’s strategy to introduce a more extensive suite of financial products and illustrates “how Vane… Read More