Tagged: uk

September 29, 2021 @ 7:49 am By Omar Faridi  |  

One of the “longest-running” crypto exchanges, CoinJar UK Limited has been “officially registered” by the Financial Conduct Authority (FCA) as “a Cryptoasset Exchange Provider and Custodian Wallet Provider.” As mentioned in an update shared with CI: “In January 2020, new regulatory powers were introduced to… Read More

September 29, 2021 @ 7:47 am By Omar Faridi  |  

UK-based digital bank Starling is expanding its business operations into Europe. As of H1 2022, “subject to regulatory approval,” Starling intends to make its Banking as a Service (BaaS) solution offering available in the European Union, which includes France, Germany, The Netherlands and Spain, according… Read More

September 28, 2021 @ 8:06 am By JD Alois  |  

White Oak, an alternative business lender, is reporting that its loan book has topped £500 million for the first time. White Oak noted that its loan book surpassed  £250 million at the end of last year. The lender says it has experienced a record level… Read More

September 27, 2021 @ 11:30 pm By JD Alois  |  

Online pension provider, PensionBee (LON:PBEE) says that switching pension providers is too hard. Citing research initiated in-house, PensionBee says that just 26% of consumers found switching their pension provider easy, in contrast to 73% to switch home insurance and 69% for energy providers. PensionBee adds… Read More

September 27, 2021 @ 10:54 am By JD Alois  |  

MDOTM, a platform that provides investment advice using artificial intelligence  (AI), has raised €6.2 million in Series B fundraising. Both institutions and individual investors participated in the funding round. Investors include Federico Ghizzoni, Chairman of Rothschild Italy and former CEO of UniCredit; Lorenzo Pagani, Managing… Read More

September 27, 2021 @ 9:59 am By JD Alois  |  

Fintern, a digital consumer lender seeking to improve access to affordable lending, has appointed Andrew Bloom to its board as a Non-Executive Director. Bloom founded Masthaven Bank, and served as its CEO from 2015 to 2020. Masthaven is a UK challenger bank focusing on savings… Read More

September 27, 2021 @ 7:51 am By Omar Faridi  |  

UK-based MarketFinance, a leading online lender that recently raised £280 million in debt and equity and was approved for flex loans, notes in a blog post that there’s “no denying” that last year was quite tough. However, the MarketFinance team claims that “things are looking up”… Read More

September 27, 2021 @ 7:49 am By Omar Faridi  |  

UK-based digital bank Monzo notes that clients have been able to pay Direct Debits and “standing orders” from a Pot for a while, and now customers may complete card payments as well  – including via Apple Pay and Google Pay. As explained in a blog… Read More

September 27, 2021 @ 7:47 am By Omar Faridi  |  

Greengage announced that it has strengthened its senior leadership team with the appointment of a new Chief Financial Officer. The company has hired former Starling Bank Head of Finance, Brennan Elliott-Jones, in order to accelerates growth of its Gibraltar business operations. Greengage, which intends to… Read More

September 26, 2021 @ 11:34 pm By Omar Faridi  |  

ekko, the transformative app, debit card and ecosystem which aims to make it “effortless to turn the tide on climate change,” has secured 114% (£342,825) of its £300,000 fundraising target via Seedrs with 18 days left in its sale. Based in London, the company is… Read More

September 26, 2021 @ 1:34 pm By Omar Faridi  |  

Shield, the Workplace Intelligence platform for compliance teams, reveals that it has teamed up with LeapXpert, a provider of in front-office conversational solutions. LeapXpert’s Federated Messaging Orchestration Platform (FMOP) has been designed to support the real-time control, monitoring, and capture of conversations on mobile messaging… Read More

September 25, 2021 @ 7:14 pm By Omar Faridi  |  

Axate, the flexible payment tool that aims to “fix a broken media market,” has secured 103% (or £360,799) of its £350,000 fundraising target via Crowdcube (at the time of writing) from 193 investors. The Axate team explains that users may sign up once, “upload some… Read More

September 25, 2021 @ 7:13 pm By Omar Faridi  |  

Serrala, the financial automation and payments software firm, and European Open Banking platform Tink, have formed a partnership for supporting open banking tech services. Through the partnership, the companies will be supporting billers so they can reach clients via every channel to settle bills and… Read More

September 25, 2021 @ 10:59 am By Omar Faridi  |  

Fintech firm Modulr has now opened business offices in the Netherlands, which will serve as “the springboard for its EU-wide expansion in 2022 and 2023.” Following steady business growth in the United Kingdom during the last 5 years, Modulr is expanding rapidly, putting significant investment… Read More

September 25, 2021 @ 10:52 am By Omar Faridi  |  

UK-based P2P lending platform Blend Network reports that annual house price growth in the country surged to 11.0% in July 2021 from around 10.5% in June 2021. This, according to the updated figures from the Nationwide House Price Index. In MoM terms, house prices increased… Read More

September 24, 2021 @ 7:58 am By Omar Faridi  |  

Payaca, a Fintech firm that’s behind a virtual job management service that assists companies and trade-based businesses with improving operations, has acquired a £331,000 investment from Blackfinch Ventures. Targeted at SMEs in order to increase their chances of getting contract work, Payaca’s mobile and web… Read More

September 23, 2021 @ 9:04 am By JD Alois  |  

Vyne, an open banking firm in the payments sector, is claiming the title as the largest seed funding valuation for any UK open banking contender to date. Vyne says it is currently processing millions of pounds worth of transactions each month at a growth rate… Read More

September 23, 2021 @ 8:36 am By JD Alois  |  

Mastercard has announced the launch of Strive UK a project designed to assist micro and smaller firms adapt to the ongoing digital transformation. An initiative created by the Mastercard Center for Inclusive Growth, the program aims to empower SMEs in the UK to succeed in… Read More

September 22, 2021 @ 8:24 am By JD Alois  |  

LendInvest plc (LSE: LINV), a top UK-based property finance platform, has sold a £100 million buy to let portfolio to JP Morgan. In January 2021 LendInvest completed the creation of a Separate Account Mandate with JP Morgan with a total capacity of £625 million. This… Read More

September 22, 2021 @ 7:35 am By Omar Faridi  |  

James Butterfill, Investment Strategist at London-based CoinShares, a digital asset manager focused on expanding access to the cryptocurrency ecosystem while serving as a “trusted partner” for its clients, notes in a blog post published on Monday (September 20) that for the week ending September 17,… Read More