Tagged: uk

September 15, 2021 @ 1:21 am By JD Alois  |  

Plum, a money management app, says it is returning to crowdfunding with a forthcoming securities offering on Crowdcube, according to a company release. Back in 2019, Plum raised £2.47 million at a pre-money valuation of £14.5 million on Seedrs. In 2018, Plum raised £1 million… Read More

September 14, 2021 @ 11:51 pm By JD Alois  |  

Property investment platform CrowdProperty has announced the launch of its Planning Gain Finance product, a service line that affirms the business’s commitment to partnering with SME developers. According to CrowdProperty, Planning Gain Finance will assist developers in securing developments that have not yet received the… Read More

September 14, 2021 @ 9:38 pm By JD Alois  |  

Conister Bank Limited, part of Manx Financial Group PLC (AIM:MFX), has agreed to an increase of £3.25 million to an existing block financing agreement of £3 million with Time Finance Limited bringing the total agreement to £6.25 million. Conister has been operating in the UK… Read More

September 14, 2021 @ 10:11 am By JD Alois  |  

PassFort, a Regtech that offers automated financial crime and compliance services, has raise $16.2 million in Series A funding with the intent to pursue a global expansion. The funding round was led by Level Equity in the US with participation from existing investors OpenOcean, Episode… Read More

September 14, 2021 @ 7:31 am By Omar Faridi  |  

MoneeMint, an “ethical” financial services provider has announced the launch of MoneeMint Labs for customers in the UK and Europe. Recently, MoneeMint had acquired funding from private equity firm Ground One Ventures for the “purpose of acquiring a robust and dynamic core banking system to… Read More

September 14, 2021 @ 1:37 am By JD Alois  |  

The British Business Bank has published a list of 158 companies in which it holds equity following the Future Fund COVID support program. The Future Fund was established to backstop UK early-stage ventures that did not qualify for other COVID relief programs. The Future Fund… Read More

September 13, 2021 @ 11:06 am By JD Alois  |  

Zumo has partnered with Modulr to facilitate open banking-enabled top-ups. Zumo is an Edinburgh-based crypto wallet. Modulr is a payments platform and authorized e-money institution. Modulr’s Payments as a Service API platform enables businesses to automate payment flows, embed payments into their platforms, and build… Read More

September 13, 2021 @ 9:31 am By JD Alois  |  

Last month, Bank North received authorization with restrictions (AWR) from the Prudential Regulation Authority (PRA) to operate as a bank. The Manchester-based bank is developing an SME lending bank for the United Kingdom and expects to launch operations in October. Bank North said it will… Read More

September 13, 2021 @ 1:27 am By JD Alois  |  

London-based pingNpay, a new blockchain-based payments platform, has moved out of stealth mode by announcing its plan to launch a global micropayment network at some point in 2022. pingNPay seeks to create a new category of high frequency, low-value payments, like less than $20,  as… Read More

September 12, 2021 @ 11:28 pm By Omar Faridi  |  

UK’s MarketFinance, one of the largest P2P invoice financing platforms, notes that if you’re a regular “around these parts,” then you’ll have most likely seen their “flex loans” cropping up quite often. As explained by MarketFinance, flex loans give small businesses fast and “flexible access”… Read More

September 12, 2021 @ 9:34 pm By Omar Faridi  |  

UK-based Kuflink, a platform that connects borrowers with lenders, by providing a steady flow of accessible finance and competitive interest rates, reveals that new features have been added for September 2021. The Kuflink technology team continued to work to bring updated features for September 2021… Read More

September 12, 2021 @ 7:27 pm By Omar Faridi  |  

UK-based digital banking platform Monzo, which is under investigation for possible money laundering activity and posted £130m in losses, is reportedly planning to enter the fast-evolving Buy Now, Pay Later (BNPL) sector. As first reported by the Evening Standard, two different sources noted that the virtual… Read More

September 12, 2021 @ 11:37 am By Omar Faridi  |  

Women Returners and Innovate Finance have teamed up to establish a cross-company returner program, which aims to encourage professionals to try re-entering the Fintech industry after long-term or extended career breaks. UK’s digital bank Starling, Fintech Unicorn Klarna and PrimaryBid will reportedly take part in… Read More

September 9, 2021 @ 10:38 pm By Omar Faridi  |  

Koyo has finalized a Series A round that was led by Force Over Mass along with contributions from existing investors Forward Partners, Frontline Ventures and Seedcamp. New investors in Koyo’s latest investment round include Force Over Mass, Matt Robinson (founder at GoCardless, founder at Nested)… Read More

September 9, 2021 @ 9:20 pm By JD Alois  |  

Lisa Jacobs, Managing Director of Funding Circle UK  (LSE: FCH)  will succeed Samir Desai CBE as Chief Executive Officer beginning January 1st, 2022. The news was revealed today alongside Funding Circle’s financial results. Jacobs joined Funding Circle in September 2012 as Chief Strategy Officer. Prior… Read More

September 8, 2021 @ 11:49 pm By JD Alois  |  

Homeppl, a UK-based Proptech, has raised $1.4 million in funding round at a post-money valuation $13.5 million. This most recent funding brings total seed capital to over $5 million. Homeppl combines anti-fraud technology with Open Banking data to protect landlords from tenant fraud, and ensure… Read More

September 8, 2021 @ 9:23 am By JD Alois  |  

Marshmallow, an Insurtech that provides a digital path for auto insurance, has raised $85 million at a $1.25 billion valuation thus vaunting it into Unicorn status. In the past 12 months, Marshmallow has raised $100 million. In a blog post, the UK-based firm said it… Read More

September 8, 2021 @ 8:53 am By JD Alois  |  

Billon has announced that it is one of 7 selected blockchain providers that will be part of the European Union’s European Blockchain Services Infrastructure project (EBSI). The selection is a sign of validation for the blockchain firm. Yesterday, it was announced that IOTA had been… Read More

September 8, 2021 @ 7:37 am By Omar Faridi  |  

Greengage Global Holding Ltd, a UK registered firm, which intends to serve as the very first digital merchant bank through its wholly owned Gibraltar subsidiary, Greengage & Co. Ltd, reveals that it has acquired another institutional investment, along with its £2.5 million investment from IOVLabs…. Read More

September 8, 2021 @ 6:06 am By Omar Faridi  |  

JCB International Co., Ltd., the global operations subsidiary of JCB Co., Ltd., and Checkout.com, the international payments processing platform, revealed that they’ve extended their partnership with the introduction of J/Secure 2.0 which is “compliant with EMV 3-D Secure (EMV 3DS) to Checkout.com’s merchants in the… Read More