Tagged: uk

July 26, 2021 @ 3:20 pm By Omar Faridi  |  

Updated plans to put the United Kingdom at the front of the global innovation race have been shared by the Department of Business, Energy & Industrial Strategy, the UK Research and Innovation unit as well as other organizations and individuals. Released on July 22, 2021,… Read More

July 26, 2021 @ 10:22 am By Omar Faridi  |  

Digital bank Zopa will be working with JPMorgan which will serve as an advisor on a £100 million funding round. This, according to a report from Sky News, which noted that investors who have been approached regarding the investment round have been considering a £500… Read More

July 26, 2021 @ 9:21 am By JD Alois  |  

The Coalition for a Digital Economy (Coadec), an organization created to promote the UK as the top European startup ecosystem, has published a paper on the fast-growing Buy Now, Pay Later (BNPL) sector of Fintech. Entitled Regulate Credit Now, Reform it Later, Coadec says the credit… Read More

July 26, 2021 @ 8:12 am By Omar Faridi  |  

UK’s Starling Bank recently shared its trading update for the quarter to 30 June 2021 and its report and “accounts for the period ending 31 March 2021.” The results, released by Starling on July 22, 2021, demonstrate “strong and responsible growth, continued profitability and a… Read More

July 26, 2021 @ 8:10 am By Omar Faridi  |  

Earlier this month, the team at Atom Bank reported reaching a key milestone: £3 billion in residential mortgage lending. Hitting this number “represents an important step for our bank, and gives us a real sense of progress as we continue helping more to buy, move,… Read More

July 25, 2021 @ 11:06 pm By Omar Faridi  |  

The team at Magnetto, which aims to challenge the traditional retail model by automating the checkout process, has raised £179,651 of its £150,000 target from 157 investors via Crowdcube. Magnetto reports a £2,367,720 pre-money valuation, a 7.05% equity, and a £0.90 share price. The company… Read More

July 25, 2021 @ 10:16 pm By Omar Faridi  |  

Safe Security, a Palo Alto-headquartered cyber risk management company established in 2012, recently acquired $33 million in capital via a round that was led by BT Group Plc, which is notably one of the United Kingdom’s largest telecommunications and network service providers. Safe Security, with… Read More

July 25, 2021 @ 5:25 pm By JD Alois  |  

The UK Financial Conduct Authority (FCA) has issued a warning regarding CoinBurp and the pending issuance of the $Burp Token. CoinBurp states that it currently operates a CeFi platform, but they are developing an ETH-based DeFi wallet. While the name alone may cause some potential… Read More

July 25, 2021 @ 12:46 pm By Omar Faridi  |  

According to the Nationwide House Price Index in the UK, the price of the average house in the country surged by 13.4% YoY in June 2021, which is the largest increase seen in more than 17 years – since November 2004, the Blend Network team… Read More

July 25, 2021 @ 10:40 am By Omar Faridi  |  

UK’s PensionBee (LON: PBEE), an online pension provider, recently revealed that its assets under administration have now more than doubled during the past year. Today we’re delighted to announce that we now administer £2bn of pension savings on behalf of our customers 🎉🎊✨ pic.twitter.com/qhl4cSiISZ —… Read More

July 23, 2021 @ 1:48 pm By JD Alois  |  

CrowdProperty, a leading UK-based property investment platform, looks like it may double its targeted raise on Seedrs. With a couple of weeks left on the securities offering, CrowdProperty has raised over £1.4 million on a funding goal of £800,000. According to the offering page, CrowdProperty… Read More

July 23, 2021 @ 11:11 am By JD Alois  |  

Neo-bank Revolut has announced the launch of daily interest savings vaults for UK customers on the standard plan. Starting today, customers with a Revolut standard plan can begin to earn 0.15% daily interest on the funds in their GBP vaults. Revolut Savings Vaults are said… Read More

July 23, 2021 @ 10:44 am By Omar Faridi  |  

iPipeline, a provider of low code / no code content-enabled digital solutions and services to the financial services sector, reveals that global reinsurance company, PartnerRe, has decided to adopt the iPipeline’s SSG Digital® Platform in order to expand its international protection portfolio. As mentioned in… Read More

July 23, 2021 @ 9:20 am By JD Alois  |  

Zilch, a buy now, pay later (BNPL) platform has raised an additional $110 million in both debt and equity capital as part of an extended Series B funding round. In total, the London-based Fintech has raised $200 million making it one of the largest European… Read More

July 22, 2021 @ 2:53 pm By Tony Zerucha  |  

UK-based post-graduate education lender Prodigy Finance has issued a $288 million student loan asset-backed securitization backed by $304 million of loans from its own portfolio. The issuance was rated Aa3 by Moody’s and A+ by Kroll for its $227 million of senior tranche notes Using… Read More

July 22, 2021 @ 10:47 am By JD Alois  |  

Natwest is the next shoe to drop in the ongoing purge of transfers to Binance, according to a report by Yahoo. Recently, Santander and Barclays issued statements that they would no longer facilitate transfers from UK customers to the Binance platform. This all stems from a… Read More

July 22, 2021 @ 9:14 am By JD Alois  |  

EIS/SEIS investment fund Velocity Capital Advisors has announced the launch of a new venture debt provider Juice Ventures, a platform that will be utilizing Modulr’s tech stack. Juice expects to facilitate fast, short-term revenue-based loans hit. Juice’s lending process bases its decisions on marketing data… Read More

July 22, 2021 @ 8:29 am By Omar Faridi  |  

Assetz Capital has now been accredited as a recovery loan scheme lender. The team at Assetz Capital, which serves as a marketplace lending platform, notes that the lender will be delivering property-secured loans “between £250,000 and £10m” to SMEs across the United Kingdom, covering commercial… Read More

July 22, 2021 @ 1:19 am By Omar Faridi  |  

Financial exclusion is negatively affecting billions of consumers across the globe, including the younger generations who do not have established credit histories. As the United Kingdom‘s economy tries to recover from the COVID-19 crisis, the nation’s lending platforms are expecting an increase in unsecured lending…. Read More

July 21, 2021 @ 11:45 pm By Omar Faridi  |  

Infosys Finacle, which is part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys (NSE, BSE, NYSE: INFY), and Santander UK, recently revealed that they’ve introduced  Santander UK’s global cash management platform as part of the institution’s digital transformation efforts. Santander Global Connect is a newly-developed… Read More