Tagged: uk

October 14, 2021 @ 7:50 am By Omar Faridi  |  

SumUp, the London-headquartered payments service provider with more than 2,800 employees across three continents, confirms its acquisition of Fivestars, which is one of America’s largest two-sided local commerce networks that “combines a marketing platform with integrated payments.” SumUp has reportedly paid $317 million for the… Read More

October 14, 2021 @ 4:00 am By JD Alois  |  

Wiserfunding, a UK-based provider of credit risk assessment for SME lenders, has partnered with CrediLinq.Ai, a Singapore-based, AI credit platform. According to a company release, the partnership will seek to provide automated, fast, and credit risk assessment to Southeast Asian SMEs. The companies point to… Read More

October 13, 2021 @ 9:33 am By JD Alois  |  

Antler, a global VC firm active in the Fintech sector,  has closed over $300 in funding, according to a note from the company. Investors in the funds include Schroders, Vækstfonden, and Phoenix Group. Antler is committed to investing at the pre-seed stage, with the firm now… Read More

October 13, 2021 @ 8:39 am By JD Alois  |  

Global Processing Services (GPS), a payments Fintech that works with many top firms like Revolut, Starling Bank, Curve, and more, has raised over $300 million according to a release. Investors include Advent International and Viking Global Investors who will gain control of the company. The… Read More

October 12, 2021 @ 9:50 pm By Omar Faridi  |  

Broadway Technology, a provider of high-performance front-office solutions, reveals that it has hired two Fintech industry professionals as part of its efforts to expand its international business development team. Broadway Technology noted that they continue to make investments in top industry talent in order to… Read More

October 12, 2021 @ 9:25 pm By JD Alois  |  

Fintech Founders has published a survey in collaboration with the UK Department for International Trade (DIT). Once again the group notes there is significant optimism for the Fintech industry while calling for more government support in a rapidly changing and dynamic market. Originally called the… Read More

October 12, 2021 @ 1:06 pm By Omar Faridi  |  

“Crypto Made Easy” pioneer Divi says that it has taken a step towards its mission to develop a completely decentralized, private payment service that will support the mass adoption of virtual currencies, with the UK launch of its user-friendly mobile wallet. The United Kingdom is… Read More

October 12, 2021 @ 10:15 am By Omar Faridi  |  

Moneybrain, an international Fintech platform, reveals that it has joined Visa’s Fintech Fast Track program, in order to accelerate the process of integrating with Visa and “allowing Moneybrain to more easily leverage the reach, capabilities, and security that Visa’s global payment network offers.” As mentioned… Read More

October 12, 2021 @ 9:01 am By JD Alois  |  

LendInvest, a UK-based property finance platform, will offer a new holiday product for lets and short term properties. The new credit offer was announced alongside a series of reductions across its standard property range. The Proptech has introduced a product catalogue with rates starting at… Read More

October 12, 2021 @ 7:48 am By Omar Faridi  |  

MT Finance is pleased to confirm the appointment of Chris Patrick to the Board as the lender’s “first ever” non-executive director. Chris has “forged a long career in the private equity, finance and investment banking world,” according to an update shared with CI. Chris has… Read More

October 11, 2021 @ 9:46 pm By Omar Faridi  |  

Mortgage platform Finova has reportedly acquired its competitor, BEP Systems, in order to expand its presence in the United Kingdom. Finova’s Cloud-powered software is being used by more than 60 lenders and around 3,000 brokers, meanwhile, BEP, which launched back in 2014, focuses mainly on… Read More

October 11, 2021 @ 9:37 pm By Omar Faridi  |  

UK-based Proptech Goodlord, the lettings tech and services platform, has reportedly acquired the Fintech app provider, acasa, in order to wider the range of services it provides to letting agents and their landlords and tenants. As first reported by Mortgage Introducer, acasa is a Fintech… Read More

October 11, 2021 @ 2:43 pm By Omar Faridi  |  

Morgan Stanley (NYSE: MS) has reportedly agreed to a £1 million investment in order to further expand its Multicultural Innovation Lab across Europe, Middle East and other areas. Initially introduced in the US back in 2017, the Lab aims to serve as an accelerator program… Read More

October 11, 2021 @ 11:23 am By JD Alois  |  

As was reported last week, Chip – a savings and investing Fintech – has launched a securities offering on Crowdcube. The firm rocketed to over £1 million within minutes. Today, Chip is nearing £10 million raised as over 7300 investors have decided to back the… Read More

October 11, 2021 @ 10:20 am By Omar Faridi  |  

UK-headquartered banking, exchange, and investment app Ziglu is introducing a fee-free Euro account which has been designed to enable tourists and business travelers to spend “without incurring currency exchange charges.” The account, which is an addition to Ziglu’s sterling current account, is being introduced as… Read More

October 11, 2021 @ 9:30 am By JD Alois  |  

Copper, an “institutional gateway to digital asset investing,” has added former Chancellor of the Exchequer Philip Hammond to its board of advisors. Lord Hammond is one of only three people to have served continuously in the UK cabinet from 2010 to 2019, serving under Prime Ministers David Cameron… Read More

October 11, 2021 @ 8:18 am By Omar Faridi  |  

As Sibos 2021 opened (in a virtual environment) on October 11, 2021, Finastra unveiled its updated instant onboarding capabilities for its Fusion Payments To Go service. As first reported by Finextra, the solution should allow banking institutions to gain access to the benefits of Finastra’s… Read More

October 11, 2021 @ 8:10 am By JD Alois  |  

As digital assets become more popular with institutional investors, the need for institutional-like services rises. Elliptic, a firm that offers crypto-asset risk management services, is reporting a C Series funding round of $60 million to expand its team globally while accelerating R&D. According to a… Read More

October 11, 2021 @ 7:58 am By JD Alois  |  

Bank North, a challenger bank that recently received its banking license, has added to its executive team as it prepares to offer SME lending starting a regional market estimated to be around £150 billion. Bank North received its banking license in August. It has previously… Read More

October 11, 2021 @ 7:10 am By Omar Faridi  |  

The team at UK-based Blend Network, a peer-to-peer lending platform, notes that so far this year, they have funded the construction of 164 residential units, which is reportedly a mix of flats, houses and HMO units. As noted in a blog post by Blend Network,… Read More