Tagged: uk

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

September 7, 2021 @ 11:55 am By Omar Faridi  |  

Oxane Partners, a tech-driven services provider to private markets, reveals that it has signed up two more clients, AllianceBernstein and Edmond de Rothschild REIM, for its Loan Servicing 2.0 offering. As mentioned in the announcement, lenders across the United Kingdom and Europe have signed up… Read More

September 7, 2021 @ 8:36 am By Omar Faridi  |  

European P2P lender Mintos reveals that it has reached another key milestone with EUR 7 billion of loans now funded via its platform. The Mintos team writes in a blog post, dated September 6, 2021, that it’s been a year of milestones for them, and… Read More

September 7, 2021 @ 7:38 am By Omar Faridi  |  

Ecommpay, an established payments service provider and card acquirer, recently shared updated data in its whitepaper, “Beyond the pandemic: The outlook for Open Banking.” Important findings highlighted in the whitepaper reveal that nearly half (48%) of consumers responding to a survey said they are a… Read More

September 6, 2021 @ 10:57 pm By Omar Faridi  |  

One in 10 or around 10% of Buy Now Pay Later (BNPL) shoppers have been contacted by debt collection agencies, and this figure increases to one in eight for younger consumers, according to Citizens Advice. The Citizens Advice charity has shared research findings which reveal… Read More

September 6, 2021 @ 10:55 pm By Omar Faridi  |  

TrueLayer, which is one of Europe’s leading Open Banking platforms, reveals that Mariko Beising has been appointed as the firm’s Head of Payment Partnerships, bringing around 10 years of professional experience, most recently at Fintech company Klarna where she was responsible for forming partnerships with… Read More

September 6, 2021 @ 2:36 pm By Omar Faridi  |  

The Pensions Dashboards Program (PDP) has reportedly appointed Capgemini to provide its central technical architecture, ending the initiative’s first phase. As reported by Pensions Age, the selection of Capgemini was made after an extensive engagement period, with the pensions industry and suppliers, which PDP said… Read More

September 6, 2021 @ 1:37 pm By Omar Faridi  |  

Embedded finance platform Railsbank has reportedly hired Stuart Gregory to serve as the company’s Chief Product Officer. Stuart had joined Wise and was MD of Wise Business and Wise Platform. During the past few years, he has helped with developing, deploying and strategically expanding business… Read More