Tagged: uk

March 8, 2021 @ 8:09 am By Omar Faridi  |  

UK-based Fintech challenger Starling Bank has secured £272 million in capital via a Series D funding round led by Fidelity Investments. Starling Bank reported a £1.1 billion pre-money valuation. This latest investment round diversifies Starling’s slate of institutional investors to include some of the largest… Read More

March 7, 2021 @ 9:55 pm By Samantha Hurst  |  

  Sugi, a UK-based green investment mobile app, has successfully secured its initial £350,000 funding target through its equity crowdfunding campaign on Crowdcube. The campaign, which recently made its debut, has already attracted more than 170 Crowdcube investors. Sugi describes itself as a new way for everyday… Read More

March 7, 2021 @ 12:51 pm By Omar Faridi  |  

The UK government, via the UK Research and Innovation (UKRI), is planning to invest £153 million, in order to create new products and services that are based on recent advancements in quantum technologies. Quantum tech is expected to have a major impact on the financial… Read More

March 5, 2021 @ 10:00 pm By Samantha Hurst  |  

  Just a little over six months after raising £2,346,770 through its previous Seedrs campaign, Howsy, a UK-based rental marketplace platform, has returned to the equity crowdfunding platform to raise £800,000. The funding round has so far raised over half its funding target from nearly… Read More

March 5, 2021 @ 8:44 am By Samantha Hurst  |  

Less than a year after raising £479,440 through its first Crowdcube funding round, Monva, a UK-based intelligent comparison platform for financial products and services, has returned to the equity crowdfunding platform to raise a minimum of £200,000. The newly launched funding round has already attracted more… Read More

March 5, 2021 @ 8:27 am By Samantha Hurst  |  

Bybit, a cryptocurrency derivatives exchange, announced on Friday it is set to suspend its services to UK customers in order to comply with the Financial Conduct Authority’s (FCA) ban on cryptocurrency derivatives. Last summer, the FCA published its final rules banning the sale of derivatives… Read More

March 4, 2021 @ 11:55 pm By Omar Faridi  |  

Prominent digital bank Revolut is offering the opportunity to get a 1-month trial of the Revolut for Company Grow plan or Revolut for Freelancer Pro plan for free. To take advantage of this offer, users need to upgrade their plan to Company Grow or Freelancer… Read More

March 4, 2021 @ 9:59 pm By Samantha Hurst  |  

  Paysend, a UK-based global payments platform, announced on Thursday a strategic partnership with Mastercard starting in the UK and EEA. Paysend reported that through the partnership it will “boost” the potential of the new Paysend Global Account, combining its Global Transfer together with account/product… Read More

March 4, 2021 @ 10:29 am By Omar Faridi  |  

Monzo, a UK based digital bank that recently raised £50 million as part of a Series G extension,  recently explained that it basically offers a mobile banking platform that “puts you in control of your money.” While clarifying whether Monzo is, by definition or legally… Read More

March 4, 2021 @ 7:55 am By Omar Faridi  |  

The United Kingdom might reportedly consider making several key changes to London’s current listing rules post-Brexit. The country aims to remove a barrier that has prevented special purpose acquisition companies (SPACs) from choosing the European nation. The updates are meant to attract technology-focused public offerings…. Read More

March 3, 2021 @ 11:26 pm By JD Alois  |  

The British Business Bank has distributed a response following the Budget presentation by the Chancellor of the Exchequer Rishi Sunik. The Bank has been a key factor in supporting UK businesses as it has managed a series of programs designed to backstop the economy. Within… Read More

March 3, 2021 @ 9:54 pm By Omar Faridi  |  

Forward Financing, a Fintech firm that aims to offer “flexible” and revenue-based financing to SMBs, revealed recently that it has provided $1 billion in funding since its inception back in 2012. According to Forward Financing, the majority of this funding has been allocated towards  “underserved”… Read More

March 3, 2021 @ 3:40 pm By Samantha Hurst  |  

    Scribestar, a UK-based SaaS platform that digitises and automates the documentation and compliance processes required for raising capital on stock markets, has successfully secured its initial £500,000 funding target through its equity crowdfunding campaign on Crowdcube. Founded in 2010, Scribestar claims its platform is… Read More

March 3, 2021 @ 2:43 pm By JD Alois  |  

Earlier today, Chancellor of the Exchequer Rishi Sunak presented the budget for 2021. Obviously, the government policy on spending comes at a difficult time as COVID-19 is still very much with us yet glimmers of relief are showing as the vaccine takes hold. The Chancellor… Read More

March 3, 2021 @ 11:13 am By Samantha Hurst  |  

    Paynetics, a UK-based payment service enabler, announced on Wednesday it has formed a partnership with promotional campaign firm Benamic to develop its mobile first, digital corporate card program. Paynetics reported that the new app solution, with a rewards engine and Apple Pay and… Read More

March 3, 2021 @ 9:03 am By Omar Faridi  |  

Peer to peer business lender ArchOver notes that it’s “wonderfully ironic” when Michael Burry, who had been played by actor Christian Bale in the Big Short, tells us that the GameStop antics are “unnatural, insane and dangerous.” Bale also noted that there must be “legal… Read More

March 3, 2021 @ 7:53 am By Omar Faridi  |  

UK-based Folk2Folk, a P2P lender supporting local and rural businesses, notes that “shifting sands” within the peer to peer sector have left some retail investors “high and dry.” Folk2Folk reveals that some retail investors have been “abandoned” in favor of institutional investors. There have also… Read More

March 3, 2021 @ 7:50 am By Omar Faridi  |  

Online lender Funding Circle (LSE:FCH) recently noted in blog to its small business customers what the roadmap out of the COVID-19 lockdown means for small businesses. On February 22, 2021, the UK government announced its “highly anticipated” four-phase roadmap out of the Coronavirus-related lockdown —… Read More

March 2, 2021 @ 11:45 pm By Omar Faridi  |  

Banking software firm Temenos (SIX: TEMN) has released a report, titled “Open Banking: Revolution or Evolution?”, which was authored by the Economist Intelligence Unit (EIU) and it’s also based on a survey of more than 300 senior banking professionals. The report revealed that almost half… Read More

March 2, 2021 @ 11:32 pm By JD Alois  |  

UK Finance has published a proposal for a “new service company” that will support the UK’s open banking infrastructure, according to a public statement. UK Finance is described as the collective voice for the banking and finance industry representing over 250 firms in the UK…. Read More