Tagged: uk

November 25, 2020 @ 1:25 pm By Samantha Hurst  |  

  UK-based international money transfer platform TransferGo has reportedly secured €5 million investment from Silicon Valley Bank. The new investment comes less than six months after TransferGo raised $10 million through its latest investment round. As previously reported, TransferGo claimed last year to be the first remittance… Read More

November 25, 2020 @ 11:38 am By Samantha Hurst  |  

  Paysme, a UK-based fintech mobile app, has successfully secured its initial £250,000 through its equity crowdfunding campaign on Seedrs. Founded in 2018, Paysme describes itself as a super app delivering financial services to underserved small business communities to accelerate their transition to the digital… Read More

November 25, 2020 @ 11:02 am By JD Alois  |  

Digital bank Revolut has announced that it will hand over one Bitcoin, worth around £14,333 right now, as part of a “Black Friday Crypto competition.” The promotion is only available for UK customers. Revolut users just need to set up a Crypto Recurring Buy worth at… Read More

November 25, 2020 @ 8:10 am By JD Alois  |  

Peer to peer lending marketplace Mintos has surpassed £7 million on Crowdcube on the final day of the securities offering. The Mintos security offering should be one of the largest offerings on Crowdcube for 2020. Mintos is raising equity capital at a pre-money valuation of… Read More

November 25, 2020 @ 7:44 am By JD Alois  |  

Saas provider Konsentus has announced the launch of its Open Banking Hub (OB Hub), a cloud based service that offers clients a global open banking solution. According to Konsentus, the OB Hub is designed to remove the complexity involved in setting up a central and… Read More

November 25, 2020 @ 7:19 am By Omar Faridi  |  

Mike Bristow, CEO at CrowdProperty, a property investment platform, says that there’s likely to be a significant increase in overall activity in the UK’s property market. Bristow believes that the surge in transactions should come toward the end of the stamp duty holiday. Bristow’s comments… Read More

November 24, 2020 @ 11:25 pm By Omar Faridi  |  

  Prominent digital bank Revolut is reportedly planning to hire several senior management professionals in Singapore. The UK-headquartered Fintech Unicorn noted that it’s looking to recruit senior-level executives for managing its operations in the city-state. As first reported by Tech in Asia, Revolut also plans… Read More

November 24, 2020 @ 9:50 am By JD Alois  |  

YRD Capital, a company that claims to offer the world’s first Fund of Funds (FoF) incorporating quantitative trading in crypto assets, is reporting over a 20% net return to its investors during the past three years that the fund has been in operation. YRD says… Read More

November 24, 2020 @ 8:12 am By Omar Faridi  |  

Ian Liddell-Grainger, who’s Chair of the All-Party Parliamentary Group on Open Banking and Payments in the UK, notes that Britain’s financial technology industry has been expanding rapidly with emerging Fintechs such as Monzo, Starling, Revolut and TransferWise. Ian points out that these companies are turning… Read More

November 23, 2020 @ 10:42 pm By Omar Faridi  |  

The HM Treasury has stated that it’s ultimately the responsibility of lenders, and not necessarily the nation’s government, to recover debts under the different COVID-19 loan schemes and packages. The UK government’s four main business support schemes, which includes the Coronavirus Business Interruption Loan Scheme… Read More

November 23, 2020 @ 2:28 pm By Samantha Hurst  |  

FinChatBot, a creator of conversational AI solutions for the financial services industry, recently annonced it attracted £1.2 million from Saviu Ventures,  Compass Venture Capital, and Kalon Venture Partners. FinChatBot reported that both Compass Venture Capital and Kalon Venture Partners are solidifying their positions, having previously… Read More

November 23, 2020 @ 1:23 pm By JD Alois  |  

Proptech LendInvest has announced rate reductions for buy to let (BTL) loans and a new five year fixed product. LendInvest states that it has reduced rates across its two year fixed rate products. It’s 70% LTV two year fixed rate will now be available at… Read More

November 23, 2020 @ 9:01 am By Samantha Hurst  |  

BBVA announced on Monday it has developed Global Commercial Cards, a solution that allows companies to have greater control of employees’ use of commercial cards simplifying the processes of expense submission and approval. “The new solution tailors to the needs of all types of companies,… Read More

November 23, 2020 @ 8:08 am By Omar Faridi  |  

Four peer to peer lending platforms were recently ranked among the United Kingdom’s fastest-growing tech firms. Big Four auditing company Deloitte’s UK Fast 50 list ranks tech companies based on their overall revenue growth over the last 4 years. As stated on the accounting firm’s… Read More

November 23, 2020 @ 7:55 am By Omar Faridi  |  

After introducing its platform in March 2020, UK Fintech Lanistar has been struggling to establish its operations. As reported recently, the Financial Conduct Authority (FCA) had issued a warning that Lanistar was not authorized to provide services to consumers. The digital banking Fintech platform attracted… Read More

November 22, 2020 @ 11:00 pm By Samantha Hurst  |  

Skinny Tonic, a UK-based beverage brand, has returned to equity crowdfunding platform Seedrs and already secured its initial £1 million funding target. The latest funding round comes less than a year after Skinny Tonic raised more than £1.3 million.  As previously reported, Skinny Tonic claims… Read More

November 22, 2020 @ 3:42 pm By Omar Faridi  |  

Most of the staff members at Kazakhstan-based Fintech firm Kaspi.kz (LSE:KSPI) have been working from their homes due to the COVID-19 outbreak. The company claims its business has been doing well despite the challenges created by the Coronavirus crisis. Kaspi provides payment systems and digital… Read More

November 21, 2020 @ 5:31 pm By Omar Faridi  |  

London-headquartered digital bank Revolut has partnered with global online advertising platform, Adzooma, so that the bank’s business customers can get special advertising cashback incentives. This is notably the first marketing-focused incentive scheme that Revolut Business has introduced while working with a trusted partner. It’s also… Read More

November 21, 2020 @ 1:08 pm By Omar Faridi  |  

UK-based digital bank Starling recently revealed that it managed to break even and claims that it may be on track to become the first banking challenger to reach profitability. Starling Bank’s management noted that it’s the first of the new digital banks (which includes Monzo,… Read More

November 20, 2020 @ 5:35 pm By Omar Faridi  |  

Stocard, a European mobile wallet, has introduced its payment feature Stocard Pay in four other countries including France, Italy, Germany, and the Netherlands. Stocard had initially launched its platform in the UK markets in June 2020. Stocard aims to become the leading “on-the-go” financial services… Read More