Tagged: uk

July 12, 2020 @ 3:47 pm By Omar Faridi  |  

Evilnum, an advanced and persistent threat group, has been targeting UK-based Fintech companies and others throughout Europe since 2018. Evilnum uses “spear-phishing” emails and various social engineering tactics to initiate their cyberattacks, according to ESET, an online security company. The researchers at ESET noted that… Read More

July 12, 2020 @ 12:00 pm By Omar Faridi  |  

ASMX, a blockchain-enabled secondary market platform, has confirmed that its upcoming launch was delayed due to an unexpected technical problem that is currently being addressed. ASMX’s solution aims to provide more liquidity for investors. The platform was scheduled to go live in March of this… Read More

July 11, 2020 @ 4:18 pm By Omar Faridi  |  

Narinder Khattoare, CEO at Kuflink Group, a platform that connects borrowers with lenders, by providing a steady flow of accessible finance and competitive interest rates, claims that UK-based investors are returning to real estate backed peer to peer (P2P) investments. Khattoare noted that investment inflows… Read More

July 11, 2020 @ 4:12 pm By Omar Faridi  |  

London-based Cogress, a leading property investment company, confirmed that it’s getting ready to begin lending soon as the company prepares to secure £5.5 million in capital through its investors, after finalizing several new deals. Cogress raises funds via private equity, hotel investments, and mezzanine debt…. Read More

July 11, 2020 @ 12:05 pm By Omar Faridi  |  

Monument Bank, a new all-digital bank that’s reportedly backed by City of London veterans, is preparing for launch in the coming months. The digital challenger aims to serve the UK’s “mass affluent.” The digital-only bank is currently in the final stages of acquiring a banking… Read More

July 10, 2020 @ 10:48 pm By Samantha Hurst  |  

Equipsme, a UK-based startup that is aiming to democratize health insurance by making it an affordable reality for businesses of all sizes, has successfully secured its initial £500,000 equity crowdfunding target on Crowdcube. The company is now offering 4.64% in equity at a £10,922,896 pre-money… Read More

July 10, 2020 @ 4:44 pm By Omar Faridi  |  

CRIF Realtime, a credit scoring tool provider for small businesses, has teamed up with UK-based Finpoint, a platform that lets borrowers compare different options anonymously and negotiate directly with finance providers. Both companies aim to work cooperatively in order to speed up the process of… Read More

July 10, 2020 @ 12:00 pm By Peter Azu  |  

Almost every startup company will need some sort of external funding source to get going, but navigating the UK funding world can be quite difficult. Not only are there a lot of options that can seem almost identical, but there are many requirements and rules… Read More

July 10, 2020 @ 11:57 am By Omar Faridi  |  

UK-based Landbay, a buy-to-let mortgage lender that provides various borrowing opportunities, says that automatic valuation models (AVM) and desktop valuations used by major buy-to-let lenders during COVID-19 are not possible for more specialized lenders. A desktop valuation usually refers to valuations that are undertaken with… Read More

July 10, 2020 @ 9:50 am By Samantha Hurst  |  

Houst, a UK-based short-let management company, is set to close its latest equity crowdfunding campaign on Seedrs with nearly £4.5 million raised. The funding round has attracted more than 475 Seedrs investors and was approved from the Future Fund, a UK government initiative to support… Read More

July 9, 2020 @ 9:35 pm By Samantha Hurst  |  

Current accounting and tax platform Coconut is set to close its latest equity crowdfunding campaign on Crowdcube with more than £2 million secured. The funding round was launched last month, originally seeking £700,000 in funding. As previously reported, Coconut describes itself as a current account that… Read More

July 9, 2020 @ 3:42 pm By Samantha Hurst  |  

BYP Network, an empowerment platform dedicated to black professionals, has quickly surpassed its initial £500,000 equity crowdfunding target on Seedrs. Founded in 2016 after a culmination of Black Lives Matter movement and Kike Oniwinde’s (founder of BYP Network) personal experiences, BYP Network claims it is… Read More

July 9, 2020 @ 9:53 am By Samantha Hurst  |  

UK-based challenger bank Tide announced this week it has paused its bounce back loan lending and closed its waiting list. In April 2020, Chancellor Rishi Sunak announced the lending scheme, which added to the existing support of small businesses that are affected by the COVID-19… Read More

July 9, 2020 @ 8:05 am By JD Alois  |  

Railsbank, a UK based Fintech and open banking service provider, has crossed the Atlantic to open up operations in the US with the acquisition of its first customer – Unifimoney, according to a release. Simultaneously, to support the North American expansion, Railsbank has hired Dov… Read More

July 8, 2020 @ 3:06 pm By Samantha Hurst  |  

UK-based challenger bank TSB recently announced the launch of its new five year Fix and Flex Mortgage product (0-80% LTV) to help homeowners, particularly in the wake of the COVID-19 pandemic. TSB reported that unlike most fixed deals,  the Fix and Flex mortgage offers the… Read More

July 8, 2020 @ 12:58 pm By JD Alois  |  

The insurance industry is enormous and many industry followers believe it is ripe for disruption. In light of this, top UK crowdfunding platform Seedrs and Insurtech UK have formed a new partnership to match investors interested in the sector with promising Insurtech startups. According to… Read More

July 8, 2020 @ 12:40 pm By Samantha Hurst  |  

Concirrus, a UK-based insurtech, has reportedly secured a $6 million investment from Commerzventures. Founded in 2012, Concirrus shared its Quest platform provides proprietary behavioral data and predictive models that significantly outperform traditional risk assessment and underwriting techniques in the insurance market. “Our Quest products access… Read More

July 8, 2020 @ 11:25 am By JD Alois  |  

Transferwise, a UK based global payments and transfer platform that has emerged as a leading stealth bank, will see its valuation hit $5 billion in a funding round that is said to be nearing completion. According to a report in SkyNews, Transferwise is set to… Read More

July 8, 2020 @ 10:21 am By Samantha Hurst  |  

Standard Chartered, a UK-based multinational banking and financial services company with $688 billion in assets, announced on Wednesday it has joined the IBOS Association (IBOS), an international banking network.  According to Standard Chartered, the IBOS members collaborate to serve each other’s international clients in markets… Read More

July 8, 2020 @ 9:42 am By JD Alois  |  

In a speech today entitled “Plan for Jobs” by the Chancellor of the Exchequer Rishi Sunak, he announced the elimination of the Stamp Duty at a certain threshold in a move to improve the UK housing market. The Chancellor explained: “… to catalyse the housing… Read More