Tagged: uk

May 16, 2021 @ 2:38 pm By Omar Faridi  |  

Digital bank Revolut says your account has had “a spring clean.” Revolut Business has a “new look” and a more “personalized” experience. The Revolut team writes in a blog post: “We’ve updated our Revolut Business web app and the new, simpler navigation makes it easier… Read More

May 16, 2021 @ 2:25 pm By Omar Faridi  |  

UK-based digital bank Starling notes that their overdraft can serve as a short-term “safety net” for eligible or qualified personal customers. The Starling Bank team writes in a blog post that if you don’t have enough funds in your account to cover essential payments or… Read More

May 15, 2021 @ 7:05 am By Omar Faridi  |  

UK-based Fintech firm VitraCash recently finalized its pre-seed funding round with £330,000 in capital coming from nearly 1,000 different investors. The company is now planning to introduce its “first-of-its-kind” smart debit card during Q3 2021. As mentioned in an update shared with CI: “With their… Read More

May 14, 2021 @ 8:58 pm By Samantha Hurst  |  

  Airwallex, an Australia-based fintech company, announced earlier this week it received its Electronic Money Institution (EMI) licence from the Dutch Central Bank (De Nederlandsche Bank, DNB). Airwallex reported that the license, which was obtained on April 30th, gives it access to the European single market…. Read More

May 14, 2021 @ 1:57 pm By Omar Faridi  |  

UK Finance, a trade association for the UK banking and financial services sector (representing around 300 local companies offering credit, banking, markets and payment-related services), has shared an analysis of almost 7,000 authorized push payment (APP) scam incidents. The analysis reveals that around 70% of… Read More

May 14, 2021 @ 11:24 am By Samantha Hurst  |  

    Sharegain, a UK-based fintech, announced earlier this week it has launched BetterLend. According to Sharegain, BetterLend allows clients to deliver social and environmental change through their securities lending actives. “Through BetterLend, Sharegain clients are using their lending activity to create positive change across four… Read More

May 14, 2021 @ 10:16 am By Omar Faridi  |  

The UK’s Financial Conduct Authority (FCA) has shared plans for a new Consumer Duty, which will aim to provide a greater level of consumer protection for retail financial markets for companies to follow. UK companies are currently required to adhere to FCA guidelines and various… Read More

May 14, 2021 @ 8:08 am By Samantha Hurst  |  

    Guru Capital announced on Friday it is set to acquire UK-based fintech, Oval Money. According to Guru Capital, Oval Money will be integrated into its portfolio company, CFD Broker ETX Capital. As previously reported, Oval Money provides easy to read, readily available information… Read More

May 14, 2021 @ 7:38 am By Omar Faridi  |  

Digivault, the “secure” digital asset custody business of Nasdaq listed Diginex Limited (Nasdaq: EQOS), has reportedly become the “first” stand-alone crypto custodian to receive approval from the UK Financial Conduct Authority (FCA) in order to register as a custodian wallet provider “under the Money Laundering,… Read More

May 14, 2021 @ 2:28 am By Omar Faridi  |  

ilumoni, a Fintech app that aims to assist consumers with borrowing, has secured £1.2 million in an over-subscribed seed funding round. ilumoni has finalized its round after introducing the Beta version of its app earlier this year. ilumoni is a “purpose-led,” AI-enhanced Fintech solution provider… Read More

May 13, 2021 @ 10:27 pm By Omar Faridi  |  

Thousands of UK supermarkets and other retail outlets have reportedly committed to a “cash-friendly” pledge from Which?, an expert testing, reviewing, and advice service. According to the terms of the pledge, retailers are guaranteeing that they will keep taking physical currency notes and coins as… Read More

May 13, 2021 @ 10:40 am By JD Alois  |  

In a digital world, physical cash still counts. A lot, according to UK regulators. A speech delivered today by Sheldon Mills, Executive Director for Consumers and Competition at the Financial Conduct Authority (FCA), he revealed that 5 million individuals still count on the pound sterling… Read More

May 13, 2021 @ 9:03 am By Omar Faridi  |  

Property investment marketplace CrowdProperty has reportedly launched its Australia-based division in order to support property development in the country. David Ingram has been appointed as the Chief Executive for CrowdProperty’s business operations in Australia. CrowdProperty has issued over £100 million in loans to UK-based property… Read More

May 13, 2021 @ 8:56 am By JD Alois  |  

FinecoBank (BI:FBK), a Fintech that offers a single account with banking, trading, and investment services, says new accounts have jumped in recent months. According to a note from the bank current accounts have increased by approximately 50% from the end of 2020 to April 2021…. Read More

May 13, 2021 @ 7:55 am By Omar Faridi  |  

CapitalRise, the dedicated prime property investment platform, revealed on Thursday (May 13, 2021) that it has managed to return over £50 million to investors since launching its operations. According to a release shared with Crowdfund Insider, CapitalRise provided “an average return of 9.2 percent per… Read More

May 12, 2021 @ 11:17 pm By Omar Faridi  |  

London-based Napier, a provider of anti-financial crime compliance solutions, has revealed that it will be offering ClearBank, the Cloud-powered clearing bank, with its Transaction Screening system. As a purpose-built, tech-enabled clearing bank, ClearBank provides Cloud-based banking services to financial service providers, FCA-regulated companies and Fintech… Read More

May 12, 2021 @ 9:32 am By JD Alois  |  

Manuel Silva Martinez, General Partner at Mouro Capital, says that concerns about the UK venture capital industry is entirely unfounded. In the UK, venture firms are the most common equity investors in early-stage UK companies. VCs top both investment crowdfunding platforms as well as individual… Read More

May 12, 2021 @ 8:16 am By JD Alois  |  

  LendInvest, a property finance Fintech, is working with Homes England to finance and build 500 apartments in Ashford, Kent. Kings Crescent Homes is the build and the project is expected to cost £90 million. Construction is expected to start immediately to bring into use… Read More

May 12, 2021 @ 7:36 am By Omar Faridi  |  

UK’s Tide, an established business financial platform, and Sage, a provider of Cloud business management software, revealed on Wednesday (May 12, 2021) that they’ve teamed up to offer integrated banking and accounting solutions to Tide members. Developed specifically for users taking their initial steps towards… Read More

May 11, 2021 @ 2:23 pm By Samantha Hurst  |  

    Curve, a banking platform that consolidates multiple cards and accounts into one smart card and even smarter app, announced on Tuesday it is planning to launch an equity crowdfunding campaign on Crowdcube.  As previously reported, Curve is on a mission to simplify the… Read More