Tagged: uk

Update: Coconut’s Equity Crowdfunding Round Secures More Than £1.3 Million During the Final Days on Crowdcube

UK-based current accounting and tax platform Coconut has successfully secured more than £1.3 million through its equity crowdfunding campaign on Crowdcube, which is set to close next week. The funding round has attracted more than 1,500 investors. As previously reported, Coconut describes itself as a current account that takes… Read More

LendInvest Funds £19.3 Million Development Loan

Online property lender LendInvest is reporting it has provided an industry leading developer with a £19.3 million loan to fund a large residential development in the South West. From instruction to completion, LendInvest took only 60 days to facilitate the development loan. LendInvest states that this… Read More

Helpfulpeeps Campaigns with Seedrs to Grow its P2P Help Network

Helpfulpeeps, a UK P2P social marketplace for local help, currently counts over 175,000 registered members through its iOS, Android and web platforms. In order to reach its aim of “building the future of local services” by using tech to match those who would like help… Read More

British Business Bank Announces New Commitment With Funding Circle SME Income Fund Limited

The British Business Bank announced on Wednesday it has committed up to £150 million for lending to UK small businesses through Funding Circle. According to the banking group, the transaction is under its ENABLE Funding program and is designed to accelerate lending to small businesses and… Read More

Overfunding: Life Skills Improvement Platform QDOOZ Quickly Secures £500,000 Funding Target Through Crowdcube Round

QDOOZ, a UK-based life skills improvement platform, has successfully secured its initial £500,000 funding target on equity crowdfunding platform, Crowdcube. QDOOZ describes itself as a digital platform that is addressing the distinct gap in personal life skills education and training. It was revealed: “QDOOZ plans… Read More

Starling Bank Partners with Funding Options to Offer SMEs Better Options

Business finance marketplace Funding Options will soon be part of Starling Bank’s in-app marketplace for small businesses. Funding Options helps small businesses source alternative funding options from as little as £1,000 up to £10 million. “We are excited that through this partnership we will be able to offer small businesses the efficiency, flexibility, support and security to help… Read More

Overfunding: Verdant Brewing Co. Quickly Surpasses £500,000 Funding Target on Crowdcube

Verdant Brewing Co., a UK-based brewery, has successfully secured its initial £500,000 funding target and is now nearing £600,000 through its equity crowdfunding campaign on Crowdcube. The brewery revealed that its key focus is on making hazy, hop-forward beer and delivering it to drinkers as fresh… Read More

Wealth Migrate Seeks Move to UK, Crowdfunds on Seedrs

Wealth Migrate, a real estate crowdfunding platform, has announced it’s intent to move from its South African roots to set up shop in the Capitol of Fintech – London, once all regulatory hurdles are cleared. In a release, Wealth Migrate expressed its opinion that the… Read More

Monzo News: UK Challenger Bank Set to Seek Up to £20 Million Through Latest Crowdfunding Effort

Less than a month after securing £85 million through its latest investment round, which was led by General Catalyst, alongside Accel, UK-based challenger bank Monzo announced on Monday it is now seeking up to £20 million through its upcoming crowdfunding efforts. As previously reported, Monzo (which… Read More

Finastra Opens New Office in Romania

UK-based fintech Finastra announced last week it has opened a new office in Bucharest, Romania. According to Finastra, the new site hosts more than 550 employees and contractors. It is located in the brand new Orhideea Towers in the business district of Bucharest. The move offers… Read More

Lendingblock Receives In-Principle Licence as DLT Provider in Gibraltar

Securities lending platform for digital assets Lendingblock has issued a statement indicating that the Gibraltar Financial Services Commission (GFSC) has made an in-principle decision to grant the firm authorization as a Distributed Ledger Technology (DLT) provider. Lendingblock adds that it continues to work closely with the GFSC… Read More

Proplend Milestone: Surpasses £50 Million in Online Lending

Less than six months after surpassing £40 million in online lending, UK based peer to peer lender in the property space, Proplend, announced on Monday it has now reached £50 million in online lending. According to the lender, all loans are commercial property backed, comprising a… Read More

UK Competition and Markets Authority Questions PayPal Acquisition of iZettle

The UK Competition and Markets Authority (CMA) has issued a statement on the PayPal acquisition of iZettle – an event that was announced in early 2018 and closed in September. PayPal purchased Sweden based iZettle for $2.2 billion as the company seeks to gain access… Read More

CityFALCON Returns to Seedrs & Quickly Secures £200,000 Funding Target

Just a little over a year after securing £566,488 through its second Seedrs round, UK fintech CityFALCON has returned to the equity crowdfunding platform for the third time and already raised its initial £150,000 funding target.  As previously reported, CityFALCON has received awards from Twitter,… Read More

In a Speech, UK Regulator Defines Their View of Cryptoassets and Next Steps towards Regulation

Speaking last week at the Regulation of Cryptocurrencies event in London, Christopher Woolard, Executive Director of Strategy and Competition at the Financial Conduct Authority (FCA), outlined his agencies view of crypto assets and provided insight into possible regulation. Woolard defined digital assets or cryptocurrencies as falling under… Read More

Uniti Crowdfunding Campaign Opens to Early Registrants, Expectations are for Equity Offer to Fill Quickly

Uniti, perhaps the most interesting electric car company raising money via crowdfunding, has opened their offering on Crowdcube for early registrants. According to the offering page, Uniti is looking for £1 million at a pre-money valuation of £97 million. The page indicates that 169 investors… Read More

UK Alternative Finance Market Grows 35% Aided by Institutional Participation, Some Segments Slow & Brexit Concerns are Significant

The Cambridge Centre for Alternative Finance (CCAF) has published its annual report on the UK alternative finance for 2017. This is the 5th UK benchmarking report CCAF has published. According to the research, overall the sector of finance grew 35% versus the year prior to… Read More

Yoyo Wallet to Provide Payments & Loyalty App to easyCoffee

Yoyo Wallet has partnered with easyCoffee to provide mobile payments and loyalty app for the company. easyCoffee is in expansion mode planning to open up 200+ locations across the UK over the next three years. easyCoffee is a coffee chain founded by entrepreneur Nathan Lowry… Read More

UK Financial Sector Regulator May Prohibit Crypto Derivatives

A representative from the UK Financial Conduct Authority (FCA) told attendees at The Regulation of Cryptocurrencies event in London today that he is concerned that “Complex, volatile and often leveraged derivatives products” built on cryptocurrencies with “underlying market integrity issues” are being marketed to retail… Read More

Verv Returns to Crowdcube: UK Tech Startup Seeking £350,000

Just a little over a year after securing more than £1.1 million on Crowdcube, UK technology startup Verv has returned to the equity crowdfunding platform with a goal to raise a minimum of £350,000. As previously reported, Verv was launched in 2014 and has developed an intelligent energy… Read More

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