Tagged: uk

RateSetter Update: Decides to Not Go Ahead With George Banco Partnership

Last month, RateSetter announced it was entering a partnership with George Banco and acquiring an equity stake in the personal loan provider company. Unfortunately, RateSetter revealed earlier this month that it has decided to pull out of the partnership after all. As previously reported, George Banco… Read More

Techstars Alums drfocused & PlanSnap Seek Funds on Crowdcube

Techstars accelerator program alums, drfocused and PlanSnap, have recently launched campaigns on equity crowdfunding platform, Crowdcube. drfocused, which has designed software to help doctors complete their work faster, is currently seeking £300,000, while social planning app PlanSnap is looking to raise £250,000. drfocused helps doctors complete their work faster… Read More

Misys & D+H Combine to form Finastra: “World’s Third Largest Fintech”

Misys and D+H have combined their two firms to create a diversified global financial software provider. The company says the merger, announced earlier this year, creates an unmatched operation in terms of depth and breadth of solutions. Operating under the new company name Finastra, management… Read More

Halo Coffee Seeks £1.6 Million on Growthdeck

Halo Coffee London Limited is raising £1.6 million for a 21.6% equity stake on crowdfunding platform Growthdeck. The campaign currently has raised £242,000 from 14 investors. The EIS eligible investment is targeting an IRR of 61.%. Gary Robins, Head of Investment at Growthdeck, said they… Read More

Former Natwest Exec Joins Thincats

Former Natwest executive John Brooks is the latest hire to join ThinCats, a leader in the alternative lending industry. Brooks spent 42 years working with UK businesses at Natwest – 30 years of which he spent working within different areas of the SME market. In… Read More

Leather Bag Company Beara Beara Returns to Crowdcube to Raise £380,000 For New Factory & London Expansion

Less than three years after successfully securing £203,000 through Crowdcube, leather bag company, Beara Beara, has returned to the equity crowdfunding platform to raise £380,000 as it plans to establish a new factor and open a larger store in London. Beara Beara currently has shops… Read More

Seedrs Success: RideLink Attracts More Than £1.1 Million From Over 400 Investors Through Equity Crowdfunding Campaign

RideLink (previously known as DriveJoy), an online community where car owners can safely rent their cars directly to drivers, has successfully secured its initial £1 million funding target and has raised well over £1.1 million through its equity crowdfunding campaign on Seedrs. The initiative has already attracted more… Read More

Online Lender Credit Peers Secures £45 Million Credit Line

UK-based peer to business property lender, Credit Peers, announced on Tuesday it has secured a £45 million credit line from a European investment management firm. This news comes just a few months after the lender launched its platform.  As previously reported, The online lender allows individuals to lend… Read More

Relendex Completes Rights Issue & Funding Round

Relendex Limited, a peer to peer lender in the commercial and residential real estate sector, has announced the completion of a rights issue and a new round of financing from new investors. The company said the proceeds will be used to allow further investments in new… Read More

Cloud Nine: Mambu Celebrates Three Years on UK Fintech50 List & Asian Banker Technology Innovation Award

Mambu, the core engine powering digital first banking and lending, has been named for the third consecutive year to the FinTech50 and won the Asian Banker Technology Innovation Award for Best Cloud Application 2017. The FinTech50, the annual list of Europe’s 50 hottest FinTechs, was the first list to… Read More

High Yield: WiseAlpha Nears £1M on Crowdcube Campaign

WiseAlpha, a UK online lending platform that gives everyday investors access to high yield institutional bond and loan investments, has raised over £909K on its Crowdcube, 180% over its original target, with days remaining. Originally offering 8.92% equity, WiseAlpha has taken it up a notch, offering 12.43%.  The… Read More

Digital Only Bank Revolut Launches Business Banking in UK & Across Europe

Challenger bank Revolut is launching a business banking vertical and is accepting pre-registrations now. Revolut for business will allow businesses to hold, exchange and transfer funds in 25 different currencies across the UK and all of Europe at the interbank exchange rate. The digital only… Read More

Seedrs Shares Details of First Week of Trading on Secondary Market

Seedrs, a leading UK based equity crowdfunding platform, closed its first week of trading on its newly launched secondary market. Seedrs kicked off the trading platform last week to usher a new level of liquidity for shareholders in crowdfunded companies. On the first Tuesday of… Read More

Update: London Whisky Brand 8O8 Surpasses £300,000 Funding Goal on Seedrs

Less than a month after launching its equity crowdfunding campaign on Seedrs, London-based whisky brand 8O8 has successfully surpassed its initial £300,000 and is currently nearing £365,000 thanks to more than 200 investors. 8O8, which was founded in 2014 by co-founders, Tommy Danvers and Paul Pullinger,  is… Read More

Overfunding: Online Personal Styling Service The Chapar Secures £1 Million Funding Target on Crowdcube

With nearly one week until its equity crowdfunding campaign on Crowdcube comes to an end, online premium personal styling service for men, The Chapar, has successfully secured its initial £1 million funding target thanks to more than 570 investors. As previously reported, The Chapar describes… Read More

Powervault Returns to Crowdcube Offering Practical & Affordable Solar Energy Storage Systems

Powervault has proven that successive raises on Crowdcube can be very successful.  In the middle of the UK company’s fourth raise, the home battery system with a pre-money valuation of £8,083,548 aims to enable customers to make smarter use of their energy by harnessing freely-generated solar energy and off-peak… Read More

The Key to Monzo’s Digital Banking Success

Traditional banking is facing tough times ahead. It’s easy to see why. The UK has lost 40% of its banks and building societies since 1989, considering usage of online banking has more doubled since 2007. After all, who wants to queue for an hour to see… Read More

More Than Just a Tasty Investment: Vita Mojo Raising Over £2.7M on Crowdcube

Seriously overfunding: Vita Mojo has steadily secured more than £2,759,869  for 12.2% equity on its Crowdcube campaign. Vita Mojo, a quickly-growing UK restaurant chain and software company that is backed by the €6B global caterer Elior, is on a mission “to make food personal.” With industry leaders already on… Read More

UK Alternative Lender Growth Street Celebrates 1,000+ Investors and Counting

Founded in late 2016, UK alternative lender Growth Street has announced that over 1000 investors have signed up to lend to profitable UK small businesses through its platform. Independent P2P rating service 4thWay has ranked Growth Street as one of the lowest-risk platforms in the UK… Read More

Invesdor: VCs are Investing Alongside the Crowd at Same Terms

Investment crowdfunding platform Invesdor says the VC or Angel led crowdfunding model has landed in the Nordic region citing two specific examples. The model of pairing professional investors with smaller investors has been growing in prominence across the world and is already well established in… Read More