Tagged: uk

Update: Monzo’s New Feature Pots Now Available on Android

Less than a month after launching its money-saving features Pots, challenger bank Monzo announced that the feature is now available on the Android smartphone app. As previously reported, Pots is described as a simple way to set money aside within a user’s main Monzo account. The bank stated:… Read More

Downing Crowd Comments on “Massive” Rise in Debt Based Securities in Crowdfunding as Indicated in CCAF Research

Downing Crowd, a debt based crowdfunding platform, says “crowdfunding for grown-ups has arrived” as indicated by data correlated in the Cambridge Centre for Alternative Finance (CCAF) report on the UK alternative finance industry. The report by CCAF revealed alternative finance growth of 43% to £4.6… Read More

Overfunding: Consumer Healthcare Brand Handsome Successfully Raises £500,000 Through Seedrs Funding Round

Handsome, a UK-based healthcare consumer brand, has successfully raised its initial £500,000 funding target through equity crowdfunding platform Seedrs thanks to 220 investors.  As previously reported, the company was founded in 2011 with a mission to launch innovative and exciting consumer healthcare products that are… Read More

Property Crowdfunding Platform Property Partner Now Has £100 Million in Assets Under Management

Property Partner, a UK based property crowdfunding platform, now has over £100 million in Assets Under Management (AUM), according to a report from the platform. This amount represents a 4X increase since December 2015 when Property Partner held £21.9 million in AUM. Property Partner also… Read More

HM Treasury Launches £2 Million Fintech Competition to Develop App to Improve Credit Scores for Renters

HM Treasury has launched a Fintech competition to use rental payment data to improve credit scores and mortgage applications for the 11 million renters in the UK. HM Treasury is offering £2 million to entrepreneurs who can develop an application that will enable Britain’s renters… Read More

CCAF: Startups & SMEs are Big Beneficiaries of UK Alternative Finance as Market Grows by 43% Year over Year

The Cambridge Centre for Alternative Finance (CCAF), the leading global research institute for all things Fintech, has published its fourth annual survey on UK alternative finance. According to the report, entitled Entrenching Innovation: The 4th UK Alternative Finance Industry Report, the sector of emerging financial… Read More

Overfunding: Luxury Fashion Platform Open for Vintage Quickly Secures £150,000 Funding Target Through Crowdcube Round

Open for Vintage, a new luxury fashion platform that promotes sustainability and independent retailers, has successfully secured its initial £150,000 funding target through its equity crowdfunding round on Crowdcube. The platform, which was launched earlier this year, revealed that it connects customers with a global network… Read More

P2PFA Boosts Standards for P2P Lending in UK as Leading Fintech Sector Continues to Grow

The P2PFA has announced revisions to the UK peer to peer lending industry standards it sets for its member platforms. The P2PFA represents the most prestigious online lenders in the country and has been at the forefront of developing a stringent set of principles that… Read More

Cryptocurrency Transactions Arrive for Revolut Customers: Bitcoin, Litecoin & Ether May Be Bought & Exchanged within Digital Banking App

Revolut knows the future of banking is a digital only world with a feature rich mobile ecosystem. Give people what they need and want in online bank and they will keep coming back in droves. Today, as we alluded to last week, Revolut is officially… Read More

Update: Parcel2Go Set to Close Crowdcube Campaign With More Than £1 Million in Funding

Parcel2Go, described as the UK’s largest parcel delivery comparison website, is set to close its Crowdcube campaign with more than £1 million thanks to nearly 1300 investors. The equity crowdfunding initiative was launched last month and quickly raised its initial £500,000 funding target. As previously reported, Parcel2Go… Read More

Seedrs: Tennis Star Andy Murray Invests in GoodBox & ZoomDoc

On Wednesday, equity crowdfunding platform Seedrs announced that one of its advisors and famous British tennis player Andy Murray invested in two early-stage businesses, GoodBox and ZoomDoc. According to Seedrs, GoodBox is a company that is seeking to disrupt the charity sector. The funding portal… Read More

RateSetter Publishes 2016-2017 Accounts

On Wednesday, UK peer-to-peer lending platform RateSetter released its accounts for the year ending on March 31, 2017. The online lender reported that revenues were £23.7m, up 38 percent from 2015-16; loans under management grew by 23 percent, from £581m to £714m; the number of… Read More

Veeqo Returns to Seedrs For Ninth Time; Quickly Raises £200,000 Funding Target

Less than one year after successfully securing £1,227,995 through its eighth equity crowdfunding campaign on Seedrs, UK-based software company Veeqo has launched its ninth funding round and quickly raised its initial £200,000 funding target from nearly 75 investors. As previously reported, Veeqo helps online retailers… Read More

Funding Circle Has Originated Over £3 Billion in Loans Since Platform Launch

Funding Circle, the UK based online lender focusing on SMEs, has topped an important milestone having surpassed £3 billion on lending since launch in 2010.  Funding Circle has been rather quiet on the accomplishment beyond noting it on their UK home page where it states 30,986 UK… Read More

Update: Personal Finance App Squirrel Now Processes £1 Million A Month; Crowdcube Campaign Nears Closing Date

Squirrel, a personal finance app designed to help users have more control over their money, announced this week that it now processes £1 million a month. The company reported that it processed its 10 million last week. “This month we processed £1 million a month! What does… Read More

Starling Bank Receives Full Regulatory Approval from FCA & PRA to Offer Broad Portfolio of Financial Products

Starling Bank has been granted approval by the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) to offer customers a wide array of financial products by the mobile only bank.  Starling Bank received a licence to operate as a bank by the Bank of… Read More

Fintech Sandbox: Financial Conduct Authority Provides Update on Participants

The UK Financial Conduct Authority (FCA) has just released an update on their regulatory Sandbox created to help aspiring Fintech firms to navigate the labyrinth of financial services rules. The trailblazing project, which has been replicated around the world, kicked off in 2014 and the… Read More

Bitcoin Ought to Be Outlawed: NOT! – An Open Letter to Joseph Stiglitz

It was recently reported that the former chief economist of the World Bank wants Bitcoin banned, saying “Bitcoin is successful only because of its potential for circumvention, lack of oversight” You missed something crucial. Because of the ‘McKinsey’ factor. The operative rules (laws of nature from… Read More

The Lakes Distillery’s Equity Crowdfunding Campaign Nears £1.6 Million During the Final Days on Crowdcube

With less than a week until its equity crowdfunding campaign closes on Crowdcube, UK-based whisky distillery The Lakes Distillery is set to close the funding round with nearly £1.6 million in funding from more than 2450 investors.  As previously reported, The Lakes Distillery opened in 2014 and claims to… Read More

ThinCats Delays IFISA Launch; Announces First Ever Investor Fee

On Friday, online lending platform ThinCats announced it was delaying the launch of its Innovative Finance ISA (IFISA). The lender originally set out to launch the IFISA shortly before the end of 2017, but has pushed the launch to after the new year begins. According… Read More