Tagged: uk

LHV, a Fintech Banking Platform and Payments Services Provider, Is Offering Real-Time Pound Payments via UK’s Faster Payments Scheme

LHV, a Fintech-focused banking platform and payment services company, is now offering real-time British pound (GBP) payments through the United Kingdom’s Faster Payments initiative. LHV is reportedly the first banking service provider that’s providing real-time euro payments through the Single Euro Payment Area Instant (“SEPA… Read More

Ag-Tech Startup Small Robot Is Seeking £700,000 on Crowdcube to Continue Development of Autonomous Robot & AI Software

Small Robot, a UK-based ag-tech that is building sustainable farming robots, is now seeking £700,000 through its equity crowdfunding campaign on Crowdcube. The latest campaign comes just one year after Small Robot £1,173,940 through its latest Crowdcube campaign. Small Robot reported it has transitioned from… Read More

ThinCats Milestone: Online Lender’s New Loan Number Doubles Almost to £200 Million

ThinCats, a UK-based lending platform, has reportedly hit a new company milestone. According to P2P Finance News, the platform’s 2019 was record-breaking, with its new loan number doubling to nearly 200 million. It was also noted that ThinCats’ loan book is now over 580 million…. Read More

Innovate Finance Announces the Creation of 36H Group to Replace UK P2PFA, Will Represent Platforms that Accept Retail Investors

Just as it has been revealed that the UK Peer to Peer Finance Association (P2PFA) has disbanded, Innovate Finance has announced the creation of 36H Group to take its place. Innovate Finance described 36H as a “united voice for lending platforms that accept retail investments.”… Read More

Starling Bank Announces Range of New Features For Businesses & Sole Traders

UK-based digital banking group Starling Bank announced on Monday it supercharging its bank accounts for businesses and sole traders with a range of new features, which includes unsecured loans of up to £250,000, an increase in its overdraft limits from £10,000 to £150,000, more competitive… Read More

Shuttered: Once a Leading Industry Voice, the UK Peer to Peer Finance Association Disbands as Industry Transitions

The UK Peer to Peer Finance Association (P2PFA) is no more. Once a leading industry voice the Association that once represented the biggest names in the P2P lending industry has made the decision to disband. The news was revealed in a series of reports with… Read More

Longtime LendInvest CEO Christian Faes Moves to Executive Chairman Role as Company Appoints New CEO

LendInvest, one of the UK’s leading Fintechs that provides a marketplace for property finance, has announced that its co-founder and longtime Chief Executive Officer Christian Faes is stepping down from his role and moving into the Executive Chairman position. As of today, Rod Lockhart is… Read More

Monzo Takes a Look Back at 2019 Successes & Offers Up a Sneak Peak of 2020 Plans

UK-based digital banking group Monzo celebrated the new year by sharing the successes of the past twelve months. The fintech revealed it started last January with just over a million customers, and now, over 3.6 million people bank with its platform. The company has since… Read More

Overfunding: UK Insurtech Honcho Surpasses £700,000 Funding Target Through Latest Crowdcube Round

UK-based insurtech Honcho has successfully secured its initial £700,000 funding target through its latest Crowdcube round. The campaign comes less than two years after Honcho raised £829,370 on Crowdcube.  As previously reported, Honcho describes itself as a reverse-auction marketplace where insurers enter a competitive real-time… Read More

UK-based Credit Card Issuer NewDay to Acquire Deko, a Retail Finance Platform

UK-based credit card issuer NewDay is reportedly planning to acquire Deko, a retail finance platform, in order to diversify its line of products and services. NewDay’s management is currently looking at the different business opportunities that tech platforms are offering in the payments and credit… Read More

Monzo Co-Founder & Deput Chief Executive Paul Rippon Steps Down For Alpaca Business

Paul Rippon, Monzo’s Co-Founder and Deputy Chief Executive, announced this week he has stepped down from his position with the UK fintech to pursue an alpaca business, Barnacre Alpacas. In a letter published on Linkedin, Rippon revealed the exciting news and what’s next for him…. Read More

Overfunding: Global Property Investment Platform Bricksave Surpasses £600,000 Funding Target on Seedrs

Bricksave, a UK-based property investment platform, has not only secured its £600,000 funding target through its equity crowdfunding campaign on Seedrs, but it is also now nearing £720,000 thanks to nearly 150 Seedrs investors. As previously reported, Bricksave provides individuals direct access to institutional-grade real… Read More

Financial Management Mobile App Muse Now Seeking £500,000 Through Crowdcube Funding Round

Muse, a data-driven financial management mobile app, is now seeking 500,000 through its newly launched equity crowdfunding campaign on Crowdcube. The startup is currently offering 6.67% in equity at a £7 million pre-money valuation.  Muse stated that it enables businesses to “thrive” by bringing financial… Read More

Number of Fintech Firms in Scotland Increases By 60% from 72 to 119 Companies

The number of financial technology (Fintech) companies operating in Scotland has reportedly increased by 60% over the past year. According to Fintech Scotland, there are 119 Fintech-focused businesses based north of the border, which is significantly greater than 72 financial technology companies from the previous… Read More

Overfunding: HOP Vietnamese Quickly Secures £750,000 in Funding Through Crowdcube Round

HOP Vietnamese, a UK-based fresh food concept that is on a mission to showcase a “passion” for Vietnamese colorful food, culture, and street atmosphere, has quickly secured its initial £750,000 funding target and is now nearing £920,000 through its equity crowdfunding campaign on Crowdcube. The company… Read More

Not Good Enough: UK FCA Says Competition for Savers Must be Better, Interest Rates More Transparent

The UK Financial Conduct Authority (FCA) has launched a consultation on the competition for savings and ISA accounts. The FCA has previously raised concerns regarding interest rates paid to consumers who tend to remain with a financial institution even though their money may generate a… Read More

Stealth Bank: Transferwise Now Allows Bill Payments for European Customers

Transferwise, one of the most successful Fintechs of all time, is now enabling European users to set up direct debits for users to pay their bills. Traditionally, this is a process that more mundane banks handle for their customers but Transferwise continues to operate more… Read More

Digital Bank OakNorth Lends £2.3 Million to Property Investment Platform Riverside Capital

Riverside Capital, a platform for professional investors and intermediaries to invest in the UK commercial property market, has received a £2.3 million loan from OakNorth Bank. The funding will be utilized to acquire and develop a two-story office in Hoxton. The development is also said… Read More

Update: Cowboy’s Equity Crowdfunding Campaign Nears £3.7 Million During the Final Days on Crowdcube

With its equity crowdfunding campaign set to close next week on Crowdcube, Cowboy, a Belgium-based smart electric bike startup, will be completing the funding round with more than £3.66 million in funding raised. The company launched the funding round last month, originally seeking £1.2 million…. Read More

Accenture’s UK-based Fintech Innovation Lab to Encourage Female Entrepreneurs to Establish Financial Technology Firms

It’s been eight years since Accenture’s London-based Fintech Innovation Lab was launched. The innovation lab is now welcoming a new group of 20 Fintech companies, with reportedly a 50% increase in the number of women founders when compared to last year. The Lab has been… Read More

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