Tagged: uk

January 13, 2020 @ 5:47 pm By Omar Faridi  |  

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

January 13, 2020 @ 5:32 pm By Samantha Hurst  |  

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

January 13, 2020 @ 10:20 am By Samantha Hurst  |  

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

January 13, 2020 @ 8:34 am By JD Alois  |  

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

January 13, 2020 @ 7:51 am By Samantha Hurst  |  

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

January 13, 2020 @ 7:31 am By JD Alois  |  

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

January 13, 2020 @ 6:24 am By JD Alois  |  

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

January 12, 2020 @ 10:42 pm By Samantha Hurst  |  

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

January 12, 2020 @ 7:10 pm By Samantha Hurst  |  

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

January 12, 2020 @ 7:46 am By Omar Faridi  |  

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

January 10, 2020 @ 11:05 pm By Samantha Hurst  |  

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

January 10, 2020 @ 2:47 pm By Samantha Hurst  |  

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

January 10, 2020 @ 2:37 pm By Samantha Hurst  |  

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

January 10, 2020 @ 7:15 am By Omar Faridi  |  

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

January 9, 2020 @ 11:21 pm By Samantha Hurst  |  

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

January 9, 2020 @ 8:26 am By JD Alois  |  

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

January 9, 2020 @ 7:13 am By JD Alois  |  

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

January 9, 2020 @ 6:28 am By JD Alois  |  

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

January 8, 2020 @ 3:50 pm By Samantha Hurst  |  

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

January 8, 2020 @ 2:28 pm By Omar Faridi  |  

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