Tagged: uk

December 1, 2019 @ 9:36 am By JD Alois  |  

Oval Money, an App that seeks to provide money management services to European users, is raising capital on Seedrs. The offering is in overfunding mode as it has already topped its £1 million goal of selling an equity stake of 2.05% at a pre-money valuation… Read More

December 1, 2019 @ 9:12 am By JD Alois  |  

Mark Carney, the Governor of the Bank of England, has been appointed as the United Nations Special Envoy for Climate Action and Finance. As part of this role, Carney will support the Secretary-General’s climate strategy by galvanizing climate action and transforming climate finance, according to… Read More

November 30, 2019 @ 12:31 pm By JD Alois  |  

Decimal Factor has topped its £850,000 crowdfunding goal on Seedrs. The Fintech is offering a 4.76% equity stake at a pre-money valuation of £17 million and has now inched into over-funding mode. So far, 88 investors have backed the firm representing an average investment of… Read More

November 28, 2019 @ 11:19 pm By Samantha Hurst  |  

Salcombe Distilling Co., a UK-based luxury gin brand, is now seeking £800,000 through its equity crowdfunding campaign on Seedrs. The company is offering 4.55% in equity at a £16,775,440 pre-money valuation. Launched in 2016, Salcombe stated that its gin is handcrafted “Salcombe Distilling Co. produces… Read More

November 28, 2019 @ 12:19 pm By JD Alois  |  

Digital bank Revolut is now offering direct debits for UK accounts. Customers with UK accounts may now set up GBP direct debits to pay for items such as club memberships or utility fees. Revolut adds that customers will be safeguarded against certain types of fraud… Read More

November 28, 2019 @ 12:09 pm By JD Alois  |  

LendInvest, the Fintech marketplace for property finance, has promoted Andy Virgo from Business Development Manager to Head of Key Accounts for LendInvest. In this new role, he will be championing the day to day relationship management of LendInvest’s distribution network, including Mortgage Clubs and Networks. … Read More

November 27, 2019 @ 11:31 am By Samantha Hurst  |  

Just weeks after launching its latest mini bond on equity crowdfunding portal Crowdcube, BrewDog has attracted more than £2 million in funding from over 950 of the investment platform’s investors. As previously reported, BrewDog has raised more than £69 million through its “Equity for Punks”… Read More

November 26, 2019 @ 3:34 pm By Omar Faridi  |  

Rerbium, a platform that assists individuals in managing their wealth, recently introduced its waitlist for the United Kingdom. The company says its platform will go live during the first half of next year. Rerbium’s management notes that the company’s platform connects many different investment-focused Fintech… Read More

November 26, 2019 @ 8:32 am By JD Alois  |  

The UK Financial Conduct Authority (FCA)  will ban the mass marketing of “speculative mini-bonds” to retail investors beginning January 1, 2020. The FCA is banning these mini-bond promotions without a consultation by using its “product intervention powers.” The ban will be in place for 12… Read More

November 26, 2019 @ 8:05 am By JD Alois  |  

Challenger bank Tandem has partnered with TrueLayer in a move to better connect Tandem’s 800,000+ customers to synchronize their accounts to both High Street and other challenger banks. Truelayer is described as Europe’s leading provider of financial APIs. The integration supports all major European banks… Read More

November 25, 2019 @ 9:57 am By Samantha Hurst  |  

Cryptocurrency exchange platform Coinbase announced last week that Coinbase UK now supports four new assets on its platform, which are Tezos (XTZ), Dai (DAI), EOS (EOS), and Chainlink (LINK).  Coinbase reported that by supporting the new assets, the platform grants customers access to buy, sell,… Read More

November 25, 2019 @ 9:44 am By Samantha Hurst  |  

Less than two years after securing £626,310 through its Crowdcube funding round, European automated saving and crowd investing marketplace Oval Money launched an equity crowdfunding campaign on Seedrs and has quickly secured its initial £1 million funding target. As previously reported, Oval Money provides easy… Read More

November 25, 2019 @ 8:18 am By Omar Faridi  |  

Australia’s Senator Jane Hume has suggested that there’s significant potential for new international agreements to lead the nation’s Fintech companies into emerging financial markets. Hume pointed out that Australia’s present agreement with the UK to promote exports of Australia’s financial technology has not been used… Read More

November 22, 2019 @ 9:59 pm By Samantha Hurst  |  

Mrs Wordsmith, a UK-based educational publishing and gaming company, quickly secured its initial £1 million equity crowdfunding target through its Crowdcube campaign. The funding round, which already raised £750,000 in September (prior to public launch) has attracted more than 500 investors. The company is offering… Read More

November 21, 2019 @ 8:55 am By JD Alois  |  

Thought Machine, a company that builds cloud-native tech for banks, has partnered with Google Cloud, according to a note from the company. As a Google Cloud partner Thought Machine will work closely with the Google Cloud team on new opportunities around the world. Thought Machine… Read More

November 21, 2019 @ 8:36 am By JD Alois  |  

Boom, SME-focused telecom, is raising growth capital on Growthdeck. Boom, an IP phone system claims to be able to save a small business up to £12,000 a year with their services. According to the offering page, Boom is seeking a minimum amount of £1.5 million… Read More

November 20, 2019 @ 8:00 pm By JD Alois  |  

A UK Jurisdiction Taskforce (UKJT) has published a document entitled “Legal Statement on cryptoassets and smart contracts.” The members of this Taskforce include a blend of both public and private entity participants. The UK has established itself as the leading jurisdiction when it comes to… Read More

November 20, 2019 @ 7:41 am By Omar Faridi  |  

Tymit, a London-headquartered mobile-based credit card service provider, has raised £4 million (appr. $5.2 million) via a combination of debt and equity financing, in order to create its products. The company has not disclosed any details regarding its investors. Tymit’s official website notes: “A credit… Read More

November 19, 2019 @ 8:06 am By JD Alois  |  

Investment crowdfunding platform Crowd2Fund is raising capital in a self-crowdfunding round seeking up to £1.2 million in an EIS approved offering. Shares in the company are being offered at a pre-money valuation of £35.8 million. Crowd2Fund says this round is in advance of a future… Read More

November 19, 2019 @ 7:18 am By Omar Faridi  |  

Funding Xchange (FXE), a company that helps people and organizations find suitable business loans and funding options from its marketplace of more than 45 established lenders, has raised £8 million (appr. $10.4 million) through an investment round. FXE’s decisioning platform is used by UK-based Monzo, a… Read More