June 7, 2019 @ 8:48 pm By Samantha Hurst  |  

UK-based insurtech Wrisk completed its latest equity crowdfunding campaign on Seedrs with a total of £978,682. The funding round was launched earlier this spring, originally seeking £750,000. The startup raised £1 million through its second Seedrs initiative less than a year ago.  As previously reported,… Read More

June 7, 2019 @ 1:22 pm By JD Alois  |  

The FinTech Alliance has announced a partnership with Delio to power funding for startups directly through its platform. The FinTech Alliance was announced by the UK government in April. Officially, the platform kicks off next week at the beginning of London Tech Week. The FinTech… Read More

June 7, 2019 @ 8:21 am By JD Alois  |  

Announced in April by the UK Chancellor of the Exchequer Philip Hammond, the FinTech Alliance will officially launch next week at an event in London. A gathering is scheduled to take place on June 10th at the start of London Tech Week. A private party… Read More

June 6, 2019 @ 9:50 pm By Samantha Hurst  |  

Ripple, a UK-based renewable energy platform, has successfully secured its initial £750,000 funding target on equity crowdfunding platform Seedrs. The funding round was launched last month and has so far attracted more than 880 investors. As previously reported, Ripple was founded in 2017 and its… Read More

June 6, 2019 @ 2:24 pm By Samantha Hurst  |  

UK-based peer-to-peer lending platform Assetz Capital has reportedly surpassed both bridging and SME lending milestones. According to Bridging and Commercial, the online lender has provided more than £100 million in bridging finance and £50 million in SME funding.  Speaking about the latest milestone, Damien Druce,… Read More

June 6, 2019 @ 2:13 pm By Samantha Hurst  |  

Just one week after launching its equity crowdfunding campaign on Crowdcube, MarketOrders, a B2B platform that enables users to buy gold and diamond jewelry directly from international suppliers, has successfully secured its £400,000 funding target from nearly 100 investors. As previously reported, MarketOrders was founded… Read More

June 6, 2019 @ 8:35 am By JD Alois  |  

Fintech startup Paysend has added six new countries to the list of jurisdictions where its network is available. Paysend is now available in more than 70 different countries. The news comes alongside a Series B crowdfunding round hosted on the Seedrs platform. Paysend is seeking… Read More

June 5, 2019 @ 2:49 pm By Samantha Hurst  |  

Just days after launching its latest equity crowdfunding campaign on Seedrs, UK-based hosting management service Airsorted has successfully secured its initial £1 million from more than 800 investors. As previously reported, Airsorted states it makes hosting on Airbnb “hassle-free” by using technology to create an… Read More

June 5, 2019 @ 9:13 am By JD Alois  |  

The Financial Conduct Authority (FCA) and the Dutch Authority for the Financial Markets (AFM) have signed a formal agreement to work more closely together as financial services firms look to maintain a foothold in continental Europe. The FCA states that since the UK announced its… Read More

June 4, 2019 @ 4:04 pm By Samantha Hurst  |  

LendInvest, an online marketplace for mortgages, announced on Tuesday it has reported a period of strong growth and significant operational and strategic progress for the year, ending on March 31st. The online lender revealed the following: Financial highlights: Platform revenue increased 36% to £72.7m (FY18:… Read More

June 4, 2019 @ 2:24 pm By Samantha Hurst  |  

UK-based digital banking platform Starling Bank announced on Tuesday it has formed a partnership with Tribe Payments, which consists a team of industry experts who are dedicated to delivering the future of payments, to provide its customers with real-time access to the UK and European… Read More

June 4, 2019 @ 10:16 am By JD Alois  |  

Julia Groves, Partner and Head of Digital at investment platform, Downing LLP and long-time UK Crowdfunding Association Director, issued a statement on updated rules for loan and investment-based crowdfunding revealed by the UK Financial Conduct Authority (FCA) today. Groves was complimentary of the new rules… Read More

June 4, 2019 @ 7:52 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) has published a long-anticipated update to crowdfunding rules. More specifically, the FCA has “enhanced” aspects of investor protection for investors participating in peer to peer lending (P2P). Rules for investment crowdfunding, on the other hand, came out largely unchanged…. Read More

June 3, 2019 @ 4:09 pm By Samantha Hurst  |  

Just one week after launching, Pavegen’s latest equity crowdfunding campaign on Crowdcube is now nearing £2.3 million in funding from more than 795 investors. The funding round was launched last week and quickly secured £1 million. Prior to launching the initiative, the company raised  £513,000,… Read More

June 3, 2019 @ 2:41 pm By JD Alois  |  

Peer to peer lender Lendy is no more. On May 24, the online lender went into administration. According to the Lendy website: The administrators are working closely with the FCA who consented to their appointment over the Companies. This website will be used to provide… Read More

June 3, 2019 @ 8:27 am By Samantha Hurst  |  

WorldRemit, a UK based Fintech in the digital money transfer sector, announced on Monday it secured $175 million through its Series D funding round, which was led by existing investors TCV, Accel and Leapfrog Investments. Founded in 2010, WorldRemit describes itself as a global lead-in… Read More

June 3, 2019 @ 7:43 am By JD Alois  |  

Payments and loyalty Fintech Yoyo has announced that David Yates, former president of New Payment Platforms at Mastercard and now a senior advisor to Mastercard, has taken on the role of chairman of the company. Yoyo combines payment, loyalty and marketing to increase customer lifetime… Read More

June 3, 2019 @ 7:27 am By JD Alois  |  

Payday loan alternative Wagestream has issued a release stating the Financial Ombudsman Service (FOS) has received 47,220 complaints against payday lenders since 2018. Yet while many complaints have been received only a fraction have been resolved. Wagestream states that only one out of three are… Read More

June 2, 2019 @ 10:41 pm By JD Alois  |  

Envestors is a “Fintech company that connects investors and scale-up businesses.” Part crowdfunding platform, part angel investor network, and part software as a service. Envestors launched in 2004 as a private investor network for early-stage firms. A digital platform followed in 2013 to directly connect… Read More

June 2, 2019 @ 10:08 pm By Samantha Hurst  |  

Digital wealth management platform MarketsFlow is set to close its equity crowdfunding campaign on Crowdcube later this week with more than 800,000 in funding. The initiative has notably attracted over 500 investors since its launch in April. As previously reported, MarketsFlow describes itself as a… Read More