Tagged: uk

MarketInvoice Reports Record Invoice Demand During Q3: Proud to Support UK Businesses

Business finance company MarketInvoice observed record quarterly demand for invoice finance from UK businesses in Q3 2017. £196.2m worth of invoices were funded in the quarter, of which £74.1m was funded in August alone – a record month for MarketInvoice, providing UK businesses with critical… Read More

The UK Plows Ahead in Implementing PSD2 Compliant Open Banking

On Monday, October 9, Lendit Europe, the event gathering 1000+ representatives of the international fintech and lending scene on the banks of the River Thames, opened with a presentation by Imran Gulamhuseinwala OBE, Global Head of FinTech at consultancy firm EY, who spoke about “The… Read More

Overfunding: NFSG’s Overhang Drinks Secures £150,000 Funding Target on Crowdcube

UK-based startup beverage company, NFSG, has successfully secured its initial £150,000 funding target on Crowdcube for its up-and-coming natural energy drink, Overhang. The company achieved the funds with nearly one week until the funding round closed. As previously reported, Overhang is described as a natural pick-me-up drink which… Read More

ArchOver Announcement: £21.39 Million Raised on P2P Lending Platform in 2017 (So Far)

Peer-to-peer business lending platform ArchOver announced on Monday it has nearly doubled its overall lending in the first nine months of 2017. The company reported that since 2017 its total lending has reached £21.39 million, bringing its cumulative total that has been lent to date… Read More

WiseAlpha Introduces Smart Interest, a Retail Bond Product Enabling Customized Interest Rates

WiseAlpha, a UK fixed income platform which gives everyday investors access to corporate bonds issued in the institutional debt market, has launched an innovative retail bond product called Smart Interest enables investors to customize their rate of interest between 3% and 8% per annum with investment… Read More

GrowthFunders Success Intelligence Fusion Seeks £400,000 on Crowdcube

Intelligence Fusions, a software-as-a-service business, has launched an equity crowdfunding campaign on Crowdcube. This news comes just after the company secured £166,400 through its funding round on GrowthFunders, with reportedly £66,400 from the G Ventures Network of Professional investors and £100,000 from the Finance Durham Fund. Backed… Read More

Applications Now Open for Innovate Finance’s Pitch360 Competition

Innovate Finance has announced that applications are now open for its Fintech pitch contest Pitch360 which will take place in London on March 20th, 2018. The deadline for applications is December 31st. Fintech firms that would like to compete stand a chance to win £10,000, a… Read More

Oakam Has Now Provided £320 Million in Loans to Consumers Overlooked by Traditional Finance

Oakam, an online micro-lender, has provided more tha 420,000 loans totaling £320+ million.  These loans have gone to consumers ignored by traditionaly finance, says Oakam. Alternative data enables Oakam to utilize modern methods in underwriting and risk management to expand access to credit for financially excluded… Read More

Investoo Group Acquires RoboAdvisors.com, Previously Purchased Trading Guru

Investoo Group has acquired RoboAdvisors.com, a company that is a Robo-advisor comparison site. This is the lates acquisition for Investoo. Last month, Investoo purchased TradingGuru. Specific terms of the acqusition were not revealed. Investoo’s acquisition of RoboAdvisors.com positions the platform to expand into the Portfolio Management… Read More

The Centre for Finance, Technology & Entrepreneurship Preps Online Fintech Course

The Centre for Finance, Technology and Entrepreneurship (CFTE) is launching their first online Fintech course which will open to the public soon. If you are interested, you may enroll here. The course is described as “Around Fintech in Eight Hours.” The coursework starts with an overview of Fintech and introduces a… Read More

Update: Mindful Chef to Close Crowdcube Once £2 Million is Achieved

With it new equity crowdfunding campaign nearing £2 million in funding on Crowdcube, Mindful Chef announced it is set to close the round once the £2 million is reached. As previously reported, Mindful Chef, which raised £1 million through its equity crowdfunding campaign on Seedrs last… Read More

LandBay Announces Record-Breaking September & Five New Hires

Earlier this week, UK-based peer-to-peer lending platform Landbay announced its September saw a total of £6.31 million lent across 31 mortgages and it announced five new hires.  According to Financial Report, last month’s lending levels were higher than the previous two months combined.  Among the new… Read More

Online Education Provider Shaw Academy Quickly Raises £1 Million Through Crowdcube Initiative

Shaw Academy, an online education provider that teaches a variety of subjects live through a software platform, has launched an equity crowdfunding campaign on Crowdcube. Currently seeking 2,194,000, the company has already secured more than 1 million from over 500 investors. The company stated its… Read More

Racefields: £5.7 in Bridge Loans in Just 2 Weeks

Racefields has announced that its debt trading platform RCX has garnered a listings value of £5.7 million in just two weeks following platform launch. The platform shares that each bridge loan is value from between £250,00 to £1.7 million. These loans are a mix of… Read More

This Time is Different: Bank of England Explains Why Fintech Will Completely Upend Traditional Finance

Andrew Hauser, the Executive Director of Banking, Payments and Financial Resilience from the Bank of England, delivered a speech today explaining why “this time is different.” His statement reflected on detractors who criticize Fintech as more of the same. Sure, ATMs came along and they were… Read More

Fintech Update: Bank of England Shares FinTech Accelerator News

The Bank of England has published an update on their FinTech Accelerator program announcing the latest cohort of proofs of concepts along with a status report. The news shared as part of a speech by Andrew Hauser, Executive Director for Banking, Payments and Financial Resilience delivered… Read More

Head of IMF Envisions a Future Without Banks as Fintech Takes Over

Late last month, Christine Lagarde, International Monetary Fund Managing Director, delivered a speech in the UK envisioning a future without banks. Now Lagarde did not say banks will no longer exist but she stepped up to the precipice of the death of banking stating there… Read More

Overfunding: Indoor Climbing Brand Boulder Hut Secures £240,000 Funding Target on Crowdcube

With less than two weeks until its equity crowdfunding campaign closes on Crowdcube, indoor climbing brand Boulder Hut has successfully secured its initial £240,000 funding target thanks to nearly 260 investors. The funds raised will go towards Boulder Hut’s its first centre in Ellesmere Port, which is… Read More

Finastra Teams Up With R3 & Seven Banks to Create Distribute Ledger Technology Platform

UK-based fintech firm Finastra announced on Thursday it has teamed up with R3 and seven banks to create an online marketplace to drive transparency and efficiency in the syndicated loan market. Finastra reported that R3’s distributed ledger technology (DLT) based platform, Fusion LenderComm exposes real-time credit agreement, accrual… Read More

Online Lender Lendy Seeks IFISA Permission & Announces Repayment For Largest P2P Loan

UK-based peer-to-peer property platform Lendy is currently seeking permission to launch an innovative finance ISA (IFISA). This news comes just after the online lender announced its 2016 earnings and additional growth plans. According to FT Adviser, head of marketing and communications for Lendy, Paul Riddell… Read More