Tagged: uk

November 16, 2020 @ 10:01 am By JD Alois  |  

Revolut business accounts may now accept card payments online and get access to funds quickly, according to a release from the digital bank. The Fintech stated that business owners may do business like a local and benefit from very competitive foreign exchange (FX) rates. Revolut… Read More

November 16, 2020 @ 9:02 am By Samantha Hurst  |  

Griffin, a UK-based banking as a service (BaaS) provider, announced on Monday it secured £6.5 million through its latest investment round led by EQT Ventures with participation  Seedcamp, Tribe Capital, Paul Forster (co-founder Indeed.com), Matt Robinson (co-founder Go-Cardless/Nested), and Carlos Gonzalez-Cadenas (Partner at Index Ventures, former… Read More

November 15, 2020 @ 10:28 pm By Samantha Hurst  |  

  Atherton Bikes, a UK-based mountain biking brand, has raised more than £1.1 million through its equity crowdfunding campaign on Crowdcube. The funding round made its debut recently and quickly secured its initial £600,000 funding target. Founded by Dan, Gee, and Rachel Atherton, Atherton Bikes… Read More

November 15, 2020 @ 9:59 pm By Samantha Hurst  |  

Fortu Wealth, a UK-based digital platform solution designed for wealthy individuals and their businesses, has quickly secured its initial £230,000 through its equity crowdfunding campaign on Seedrs. The funding round recently launched and has already attracted 255 Seedrs investors. Founded in 2019, Fortu describes itself… Read More

November 14, 2020 @ 5:36 pm By Omar Faridi  |  

UK-based PensionBee, an online pensions provider, is reportedly planning to introduce a fossil-fuel-free investment option for its customers. The new investment plan may be suitable for clients who would prefer to exclude coal, oil, gas, tobacco, and arms manufacturers from their investment portfolios. PensionBee’s latest… Read More

November 14, 2020 @ 4:49 pm By Omar Faridi  |  

Lee Birkett, Founder at UK-based JustUs, a peer to peer (P2P) lender, has stated that the platform will begin providing P2P owner-occupied residential mortgages (starting in 2021). These mortgages will be available either with or without an exemption from the UK government. Birkett noted that… Read More

November 14, 2020 @ 2:44 pm By Omar Faridi  |  

LexisNexis Risk Solutions and UK-based Fintech firm Nuggets will be working together to support the implementation of self-sovereign digital identity (SSI) solutions. According to a release shared with CI, SSI solutions are one of several emerging technology-led innovations that are beginning to transform how businesses… Read More

November 13, 2020 @ 9:47 pm By Samantha Hurst  |  

Glint Pay Inc. (Glint), a subsidiary of the U.K.-based fintech company that makes gold an alternative global currency by enabling its clients to buy, sell, save and spend their physical gold instantly through the Glint Debit Mastercard and Glint App, reportedly secured £2.5 million through… Read More

November 13, 2020 @ 7:00 pm By Omar Faridi  |  

We recently caught up with Humayun Sheikh, CEO of Fetch.ai, an organization that’s focused on developing machine learning and AI-enhanced solutions for the emerging decentralized finance (DeFi) sector along with offering services that may be compatible with traditional financial platforms. Sheikh commented on the recent… Read More

November 13, 2020 @ 5:22 pm By Samantha Hurst  |  

HUUB, a UK-based premium endurance sports apparel brand, is set to close its equity crowdfunding campaign on Crowdcube with more than  £1.16 million raised. The funding round was launched last month, originally seeking £250,000. Founded in 2012, HUUB aims to create “better wetsuit products” that… Read More

November 13, 2020 @ 5:10 pm By Samantha Hurst  |  

Laka, a collective-based insurer of cyclists, quickly secured its initial £1 million funding target through its equity crowdfunding campaign on Seedrs.  As previously reported, Laka has developed an insurance model in which customers only pay for the true cost of cover. At the end of each month,… Read More

November 13, 2020 @ 7:54 am By Omar Faridi  |  

The UK’s Financial Conduct Authority (FCA) has announced certain changes that are aimed at limiting the “risk of disruption” to Open Banking services after Brexit. The FCA’s changes are intended to allow UK-headquartered third-party providers (TPPs) to use an alternative to eIDAS certificates to gain… Read More

November 12, 2020 @ 11:25 pm By Omar Faridi  |  

A new initiative, called United Fintech, is reportedly planning to acquire a slate of capital markets Fintechs. United Fintech also aims to help these Fintechs with marketing and selling their products to established financial institutions. United Fintech has been established with assistance from CFH Group… Read More

November 12, 2020 @ 10:32 am By JD Alois  |  

As the COVID-19 health crisis lingers, e-commerce continues to boom. Social distancing, lockdown, and WFH have accelerated the digital transformation. E-commerce platforms have benefited dramatically from the pandemic along with affiliated digital payments. A survey completed by Plutus, a decentralized reward system, claims that crypto… Read More

November 12, 2020 @ 9:53 am By Omar Faridi  |  

iwoca, a European alternative lender for small businesses, is reportedly planning to lend more than £200 million to small businesses before the Coronavirus Business Interruption Loan Scheme (CBILS) applications close in January 2021. iwoca recently surpassed £100 million in CBILS lending. The platform now plans… Read More

November 12, 2020 @ 8:50 am By JD Alois  |  

Funding Circle (LSE: FCH) has emerged as the 5th largest Coronavirus Business Interruption Lending Scheme (CBILS) originator, according to the company Funding Circle is a top Fintech lender serving the SME market in the UK and several other countries. During its most recent earnings release, Funding… Read More

November 12, 2020 @ 8:24 am By JD Alois  |  

  The UK Competition and Markets Authority (CMA) has agreed to fast track the merger of Seedrs and Crowdcube – the two largest investment crowdfunding platforms based in the UK. The merging companies requested the fast track of the review to a Phase 2 stage… Read More

November 12, 2020 @ 8:21 am By Samantha Hurst  |  

  Clim8, an App-based startup for sustainable investing, closes its latest equity crowdfunding round on Crowdcube with more than £2.3 million raised. The funding round attracted a total of 1909 Crowdcube investors. As previously reported, Clim8 is looking to capitalize on the heightened awareness of… Read More

November 11, 2020 @ 11:18 pm By JD Alois  |  

Former peer to peer lender and now digital SME lender ThinCats has partnered with Salt Edge, an Open Banking solutions provider, to improve the efficiency of its upfront credit assessment and ongoing loan monitoring processes. Salt Edge is a Fintech offering an API platform with… Read More

November 11, 2020 @ 2:18 pm By Samantha Hurst  |  

Conigital, a UK-based driverless vehicle and on-demand ride-hailing company, has successfully secured its initial £1million target. The company’s equity crowdfunding campaign made its debut on Seedrs recently and has so far attracted nearly 70 investors. Founded in 2015, Conigital explained that it stands for “Connected… Read More