Tagged: uk

February 25, 2021 @ 9:30 pm By Samantha Hurst  |  

Atom Bank, a UK-based mobile bank, announced on Thursday is to set to raise £40 million from existing shareholders as it moves to profitability from its mortgage and business lending within a year and to IPO the year after. As previously reported, Atom Bank claims… Read More

February 25, 2021 @ 2:49 pm By Samantha Hurst  |  

  UK banking group NatWest announced earlier this week it has issued a €1 billion affordable housing social bond. The bank reported it has selected a pool of loans to not-for-profit, registered UK-based housing associations to which it will allocate the proceeds of the bond’s… Read More

February 25, 2021 @ 12:47 pm By JD Alois  |  

Skymind has announced its first cohort of investments from its $800 million AI fund. Skymind has invested in six startups that are leveraging AI to improve the performance of different industries and sectors across the globe. Skymind is an open-source enterprise deep-learning software company and… Read More

February 25, 2021 @ 9:32 am By Samantha Hurst  |  

  SwipeStation, a click and collect service that allows users to create an order from anywhere in sports stadiums, has successfully secured more than £515,000 through its latest equity crowdfunding campaign on Seedrs. The funding round, which originally set out to raise £250,000, has already… Read More

February 25, 2021 @ 8:37 am By JD Alois  |  

Thrillz, a platform that operates a personalized message service in partnership with celebrities, influencers, sports figures, impersonators, and more, is looking to raise growth capital on Seedrs. Are you interested in a birthday wish from Katie Price or a personalized message from Tara Reid? Well,… Read More

February 25, 2021 @ 6:32 am By JD Alois  |  

OakNorth Bank has completed a £4.4 million Coronavirus Business Interruption Loan Scheme (CBILS) loan to complete the development of Beulah Vista Caring Home in London. OakNorth Bank says that the number of care home beds per 100 people over the age of 85 has fallen… Read More

February 24, 2021 @ 10:51 am By JD Alois  |  

While Millennials and Gen Z have long been enthusiastic when it comes to crypto it now appears that Boomers and Gen-Xers are getting into the crypto boom – at least according to a survey by de Vere Group. In a release, de Vere states that… Read More

February 23, 2021 @ 11:45 pm By Omar Faridi  |  

UK-based digital banking challenger Starling notes that bad relationships can be a lot of hard work. The Fintech firm has provided several reasons why it may be a good idea to “cut the ties” with your regular bank and “fall in love with easy, responsible… Read More

February 23, 2021 @ 10:58 pm By Omar Faridi  |  

Digital banking platform Revolut confirms that it recently “simplified” online payments via the launch of Payment Links to Revolut Business clients. The Fintech Unicorn has made other updates so it’s even easier to accept virtual payments “straight away” with QR codes. For those not completely… Read More

February 23, 2021 @ 3:25 pm By Samantha Hurst  |  

  Primer, a UK-based fintech, announced on Tuesday the launch of  Primer Connect, the company’s new open app framework which enables third-parties to build connections on Primer platform. The launch of Primer Connect comes just a few months after Primer raised £14 million through its… Read More

February 23, 2021 @ 2:22 pm By JD Alois  |  

Last year, it was reported that Transferwise (recently rebranded as Wise) had been approved in the UK to offer investment services for retail accounts. According to the FCA registry, “TIVN” is approved to offer various retail investment services. At that time, it was expected that… Read More

February 22, 2021 @ 3:45 pm By Samantha Hurst  |  

  Infinity Circle, a UK-based digital wealth creation fintech platform, is now seeking a minimum of £300,000 through its equity crowdfunding campaign on Seedrs. Founded in 2018, Infinity Circle is set to provide the “highway” to exclusive opportunities otherwise only usually available to the ultra-rich…. Read More

February 22, 2021 @ 12:44 pm By Samantha Hurst  |  

BBVA announced on Monday it achieved a record number of new customer growth in 2020, despite the COVID-19 pandemic. BBVA reported that it added a total of 7.3 million new customers worldwide, of which 2.4 million became BBVA customers through the app or the web. According… Read More

February 22, 2021 @ 9:39 am By JD Alois  |  

HANetf, described as Europe’s first full-service white label UCITS ETF issuer, says it has topped $2 billion in assets under management (AUM) as of last week. HANetf reports that it now has an AUM of £2.22 billion – a whopping increase of 85% since the… Read More

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

OakNorth Bank says it has completed a £5.6 million loan to convert vacant pub and hotel, Antigallican Hotel, in Charlton into a mixed-use building with 60 studio apartments. The loan was made to Gallican Investments Limited, which is led by the team behind Dandi founded… Read More

February 22, 2021 @ 8:10 am By Samantha Hurst  |  

  Fintech Unicorn and stealth bank Transferwise announced on Monday it has officially rebranded to just Wise. Kristo Käärmann, Co-Founder and CEO of Wise, revealed in a blog post the rebranding is to show customers that the platform is more than just for money transfers…. Read More

February 22, 2021 @ 7:38 am By Omar Faridi  |  

An article from Global Capital notes that more securitizations of United Kingdom government-backed SME loans are being carried out in private. Last month, Funding Circle had reportedly finalized a deal with Sixth Street and Barclays. Since the UK’s Coronavirus Business Interruption Loan Scheme (CBILS) was… Read More

February 22, 2021 @ 7:34 am By Omar Faridi  |  

Chris Macklin, Chief Risk Officer at Assetz Capital, a peer-to-peer lender that originates secured loans, has provided a loan book update. As noted in a blog post by Assetz Capital, Macklin explained how the platform managed the loan book during the COVID-19 pandemic and shared… Read More

February 21, 2021 @ 11:00 pm By Omar Faridi  |  

The total value of venture capital secured by UK-based firms surged to the highest level in Q4 2020 according to estimates from Refinitiv Deals Intelligence. UK firms secured £2.4 billion in capital from 137 different deals during the last three months of 2020, which is… Read More

February 19, 2021 @ 3:03 pm By Samantha Hurst  |  

  HyperionDev, a UK-based online code course developer, has raised more than £1.8 million through its equity crowdfunding campaign on Crowdcube. Founded in 2012, HyperionDev claims to be one of the largest online coding bootcamps out there. The company reported it has brought coding skills to… Read More