Tagged: uk

February 9, 2021 @ 10:18 am By JD Alois  |  

Finch Capital, a UK and Netherlands based VC firm, has closed on a new fund – Europe III – raising €150 million to invest in Fintechs and artificial intelligence (AI) startups in the financial services sector. Finch said it will target Series A and B… Read More

February 9, 2021 @ 8:37 am By JD Alois  |  

Azimo, a digital money transfer service, has announced the launch of a money transfer service to Pakistan in partnership with HBL, Pakistan’s largest commercial bank. The new service will allow Pakistanis living in the UK, Europe and Australia to send money in minutes, according to… Read More

February 9, 2021 @ 8:30 am 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 has appointed Anju Patwardhan as a non-executive director to the Board. According to Curve, Anju brings decades of expertise and leadership in financial… Read More

February 9, 2021 @ 7:20 am By JD Alois  |  

Peer to peer lender Folk2Folk says it has increased the size of its brokerage partners. According to the company, this has resulted in several adjustments within the firm, including an expansion of its South West focus to become a national lender, accepting deals from across… Read More

February 8, 2021 @ 9:04 pm By Omar Faridi  |  

Li Jun, Founder of Ontology and the SAGA Protocol, notes that we’re now living through an “activist period” of data regulation that will most likely dictate how our economies function for “generations to come.” Jun pointed out that most industries have “precedents” for regulation that… Read More

February 8, 2021 @ 3:29 pm By Samantha Hurst  |  

    Bitstocks, a UK-based bitcoin market advisory and cryptocurrency investment firm, is set to close its equity crowdfunding campaign on Crowdcube with more than £1 million raised from 1735 Crowdcube investors. As previously reported, Bitstocks stated that while it serves as an investment house for… Read More

February 8, 2021 @ 11:50 am By JD Alois  |  

​B-North, a digital lender that is in the process of acquiring a full banking license, has appointed Nimisha Patel to its board of directors. Patel is currently the Chief Digital Information Officer at the Cabinet Office, responsible for helping to shape the technology strategy at… Read More

February 8, 2021 @ 9:52 am By Omar Faridi  |  

Aave (AAVE), an open-source and non-custodial protocol to earn interest on deposits and borrow assets, handled $2 billion in flash loans in 2020. Aave is basically a borrowing and lending platform that supports flash loans, which are “rapidly executed loans borrowed that are paid back… Read More

February 8, 2021 @ 8:27 am By Omar Faridi  |  

Elizabeth McGrath from digital bank Revolut notes that the company is rolling out new features such as candlestick charts and Group Vault controls. McGrath confirms that clients will now be able to track crypto and commodities price movements “by the hour” with Revolut’s new candlestick… Read More

February 7, 2021 @ 10:42 pm By Samantha Hurst  |  

  UK-based self-proclaimed Airbnb for boats, Borrow A Boat, is set to close its latest equity crowdfunding campaign on Seedrs with nearly £500,000 in funding. The investment round, which launched last month originally seeking £250,000, has attracted more than 370 investors. As previously reported, the Borrow… Read More

February 6, 2021 @ 6:43 pm By Omar Faridi  |  

Frontline Ventures, which supports several different Fintech companies including alternative lending platform Linked Finance, has introduced a €70 million fund. Frontline has also been backing Fintechs such as Clearbanc and Currencyfair. Frontline Ventures’ new fund includes strategic investments from the European Investment Fund, the Ireland… Read More

February 5, 2021 @ 1:50 pm By Samantha Hurst  |  

      Less than five years after raising £837,160 through its previous Crowdcube campaign, virtual school-gate community, Classlist, has returned to the equity crowdfunding platform and has already doubled its initial £250,000 funding target. The funding round has already attracted nearly 540 Crowdcube investors. As… Read More

February 5, 2021 @ 1:34 pm By Samantha Hurst  |  

  Uhive, a UK-based cryptocurrency-powered social network, has raised more than £662,0000 through its equity crowdfunding campaign on Seedrs. The funding round, which launched month, sought to secure a minimum of £500,000, has attracted nearly 400 Seedrs investors. As previously reported,  Uhive describes itself as a… Read More

February 3, 2021 @ 2:36 pm By Samantha Hurst  |  

UK-based mobile payments company SumUp announced on Tuesday it has acquired core banking solutions provider, Paysolut. Paysolut reported that it serves future unicorns of fintech by providing its mobile banking platform to run their businesses on. The company has already been working with SumUp for the past… Read More

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

HM Revenue and Customs revealed on February 3, 2021, that Open Banking service provider Ecospend has been selected to build-out its digital payments infrastructure. In September 2020, HMRC had placed a £3 million contract out to tender in order to upgrade the group’s bank transfer… Read More

February 2, 2021 @ 11:46 am By Samantha Hurst  |  

  BBVA announced on Tuesday it plans to invest as much as $150 million in new capital to support Propel Venture Partners (PVP), bringing its total commitment to over $400 million, including its previous investment in 2016. BBVA reported that this announcement builds on the… Read More

February 2, 2021 @ 11:09 am By Samantha Hurst  |  

RateSetter, a leading UK based peer to peer lender, announced on Tuesday that Metro Bank is purchasing its loan portfolio in line. RateSetter reported that Metro Bank has been funding all-new consumer lending following the RateSetter acquisition, which took place in September 2020. “Today’s announcement… Read More

February 2, 2021 @ 10:11 am By JD Alois  |  

Curve, a UK based Fintech providing banking services, has named Cuong Do as an independent Board director, according to a note from the company. Do was most recently President of the Samsung Global Strategy Group, where he was responsible for developing and executing enterprise-wide strategy and… Read More

February 1, 2021 @ 11:55 pm By Omar Faridi  |  

Public liability, professional indemnity and employers liability are no longer adequate when it comes to protecting your company or business. But there are certain covers available that could secure your company further, according to a blog post published by Revolut. The leading digital banking platform… Read More

February 1, 2021 @ 11:02 pm By Omar Faridi  |  

UK’s PensionBee, an online pension provider, had introduced a new product, allowing self-employed savers to easily set up a pension “from scratch.” Its reportedly an offering that may work quite well for sole traders, which is why Starling Bank confirmed that it has added PensionBee… Read More