Tagged: uk

August 12, 2020 @ 11:22 am By Omar Faridi  |  

London-based Fintech firm Vitesse, which enables real-time cross-border payments, revealed on August 11, 2020 that it has secured £6.6 million in capital through a Series A investment  round. The firm’s funding round was led by Octopus Ventures. Existing shareholders Hoxton Ventures and several other angel… Read More

August 12, 2020 @ 10:12 am By Samantha Hurst  |  

UK-based peer-to-peer lending platform Assetz Capital announced on Wednesday it has launched its new Access Account Marketplace. According to Assetz Capital, the marketplace allows investors to apply a discount when buying and selling Access Account loan holdings. “Access Account investors can now choose whether to… Read More

August 12, 2020 @ 10:01 am By Samantha Hurst  |  

UK banking group NatWest recently announced it is bringing Apple Pay to its Business credit card customers. NatWest reported that the option will provide a safer, more secure, and private way to pay, as well as helping customers avoid handing their payment card to someone… Read More

August 12, 2020 @ 9:16 am By Omar Faridi  |  

The COVID-19 outbreak has led to major changes in how businesses are now operating, globally. UK-based TSB Bank is reportedly planning to phase out 929 cashier roles which are supporting its physical branch network. The bank said it’s making the changes due to COVID, which… Read More

August 12, 2020 @ 9:13 am By Omar Faridi  |  

Fintech unicorn and stealth bank TransferWise revealed on August 11, 2020 that it has teamed up with FreeAgent, a UK-based accounting software firm. Through the partnership, both companies aim to offer improved accuracy and more convenience for SMBs when they reconcile their TransferWise multi-currency business… Read More

August 11, 2020 @ 11:19 am By JD Alois  |  

Revolut, a leading UK based digital bank, filed its annual report yesterday indicating that for the fiscal year 2019 revenue jumped alongside a growing annual loss. According to the Fintech, in 2019, revenue nearly tripled to £162.7 million vs. £58.2 million in 2018. The operating… Read More

August 11, 2020 @ 10:29 am By JD Alois  |  

UK-based property finance platform LendInvest has updated its Buy-to-Let product. The Fintech has boosted its maximum loan size for MUFB properties up to £1 million for 70% LTV, £1.5 million up to 65% LTV and will now accept up to £3 million up to 60% LTV,… Read More

August 11, 2020 @ 12:16 am By JD Alois  |  

Seedrs is a top UK based investment crowdfunding platform that is active in both the UK and continental Europe. Launched in 2012, Seedrs is a trailblazer in online capital formation for early-stage ventures. Since inception, Seedrs has booked over 1100 funded deals recording about £950… Read More

August 10, 2020 @ 2:41 pm By Samantha Hurst  |  

  Howsy, a UK-based rental marketplace platform, is set to close its equity crowdfunding campaign on Seedrs with more than £2.3 million raised from nearly 600 Seedrs investors. The funding round was launched last originally seeking £250,000. Howsy also applied for the Future Fund. Founded… Read More

August 10, 2020 @ 12:51 pm By Omar Faridi  |  

Strong Customer Authentication (SCA) testing performed by tech giant Microsoft reveals that consumers are actually leaving their planned purchases at relatively high rates when challenged at the time of checkout. SCA is a European regulatory requirement that aims to reduce or eliminate fraudulent activities and… Read More

August 10, 2020 @ 11:49 am By Omar Faridi  |  

Clear Books, which offers accounting and payroll software to more than 13,000 SMEs, has teamed up with payment processing company, Stripe. The integration should make it easier or more seamless for Clear Books customers to take card payments, which means that businesses will be able… Read More

August 9, 2020 @ 10:18 pm By Samantha Hurst  |  

  Nude, a home savings app, is set to close its equity crowdfunding campaign on Seedrs with more than £3.53 million raised from over 780 Seedrs investors. As previously reported, Nude describes itself as a savings account and financial friend for first-time home buyers. The… Read More

August 9, 2020 @ 9:40 pm By JD Alois  |  

The British Business Bank says the Coronavirus loan schemes are benefiting businesses in all corners of the UK. According to a note distributed by the Bank, loans are tracking the business population of each region. The loans are being provided by both traditional financial services… Read More

August 9, 2020 @ 12:49 pm By Omar Faridi  |  

Emergency COVID-19 funding or financial relief for companies in the UK will reportedly go back to the Treasury at the end of this month if it’s not claimed, the BBC reports. About four months after £12 billion in Coronavirus related funding was approved to help… Read More

August 9, 2020 @ 11:51 am By Omar Faridi  |  

Funding Circle (LSE: FCH), an SME lender that facilitates loans in both the US and parts of Europe, says it’s reevaluating whether it should begin leveraging Open Banking technology. The company claims that it has managed to improve its customer experience, and would now like… Read More

August 8, 2020 @ 9:16 am By Omar Faridi  |  

Honeycomb Investment Trust (LON: HONY), a company specializing in investing in credit assets originated by non-bank lenders and other originators of various lending assets, mainly in the UK, is reportedly considering a potential £1.5 billion merger with Pollen Street Secured Lending (PSSL), in order to… Read More

August 7, 2020 @ 6:14 pm By Omar Faridi  |  

Fintech advisor Efi Pylarinou claims that digital bank Revolut is leading the “re-bundling” race among Europe based financial technology service providers. Pylarinou notes: “As technology [continues to] commoditize products and services at an ever increasing rate, re-bundling catch up is the name of the game… Read More

August 7, 2020 @ 8:51 am By JD Alois  |  

LendInvest, a digital property finance platform, has received the highest possible rating from a European ratings agency for the sixth year in a row, according to a note from the company. ARC Ratings is a regulated European credit rating agency registered with the European Securities… Read More

August 6, 2020 @ 7:52 pm By JD Alois  |  

Starling Bank CEO and founder Anne Boden has published the Fintech’s annual letter as well as a trading report for July 2020, and there are some encouraging comments in the missive. Boden notes that since November 2019, the bank’s “performance has been strong.” In fact,… Read More

August 6, 2020 @ 2:06 pm By Samantha Hurst  |  

Livia, a UK-based sweet treats company, has successfully surpassed its initial £1 million equity crowdfunding target on Seedrs. Founded in 2014, Livia claims to be the fastest-growing free-from treat brand in the UK. The company claims its products are 100% plant-based, natural, and indulgent. The… Read More