Tagged: uk

July 1, 2020 @ 8:18 am By Olivia Halsall  |  

Richard Curtis, the co-founder of British Comic Relief, has launched a campaign named Make My Money Matter to facilitate the UK’s pension assets in becoming more sustainable. The campaign was launched at an event on June 30th and looks to build a movement of individuals,… Read More

June 30, 2020 @ 10:45 pm By Omar Faridi  |  

UK-based Fintech firms may be forced to shut down due to COVID-19 and resulting socio-economic challenges. Most Fintechs in the UK have reportedly not received the assistance they need from the nation’s government, according to a recent survey published by Innovate Finance. Fintechs with 25… Read More

June 30, 2020 @ 10:41 pm By JD Alois  |  

  Transferwise, a top UK based Fintech and transfer/payments platform, has received Financial Conduct Authority  (FCA) approval to offer retail investment services, according to a report. Transferwise has emerged as a global stealth bank providing border-free currency services with ultra-low-cost transfers attacking the domain of… Read More

June 30, 2020 @ 11:05 am By Olivia Halsall  |  

Between June 2nd – 14th 2020, Innovate Finance, Tech Nation, and the Fintech National jointly distributed a 14-question online, anonymous survey. With particular regard to funding and investment, the purpose of the survey was to collate and analyse data on how the UK Fintech Sector… Read More

June 30, 2020 @ 10:24 am By Olivia Halsall  |  

Kuflink funds projects secured against UK property and boasts that investors can earn up to 7.2% interest per annum plus 4% cashback on their first investment. Having undertaken just over 300,000 investments, in mid-June the P2P Investment Platform announced it had funded over £50 million… Read More

June 30, 2020 @ 10:15 am By JD Alois  |  

The UK is experiencing growing interest in cryptoassets, according to the UK Financial Conduct Authority (FCA). The research by the FCA states that 2.6 million UK consumers have purchased digital assets showing a dramatic 1.1 million increase since research completed by the FCA last year…. Read More

June 30, 2020 @ 7:53 am By JD Alois  |  

The Chancellor of the Exchequer has adjusted the Future Fund to enable businesses that contribute significantly to the UK economy but do not have their parent company based in the UK because they participated in a non-UK based accelerator program to qualify for the Fund…. Read More

June 30, 2020 @ 7:21 am By Olivia Halsall  |  

The Global Open Finance Centre of Excellence Fintech Hub (known as GOFCoE Fintech Hub) was launched in Edinburgh, Scotland in 2018. With the overarching aim of safely unlocking the potential of customer data to improve lives, the GOFCoE has secured £22.5 million in funding from… Read More

June 30, 2020 @ 7:14 am By Omar Faridi  |  

Polish-British Fintech firm Symmetrical.ai, which provides “salary on-demand” services and other products to help people manage their finances, has secured €5.6 million (appr. $6.3 million) in seed funding, in order to bring “ethical” finance to employees. Maintaining financial wellbeing by effectively managing one’s finances remains… Read More

June 29, 2020 @ 5:22 pm By JD Alois  |  

Regtech ClauseMatch is crossing the Atlantic and setting up operations in the US, according to a note from the company. ClauseMatch is a compliance platform that seeks to streamline legal, finance, operations, and risk departments. ClauseMatch reports that it has opened a new office in… Read More

June 29, 2020 @ 3:54 pm By Samantha Hurst  |  

Mass Financial, a UK-based core banking system platform, is now seeking £300,000 through its recently launched equity crowdfunding campaign on Crowdcube. The funding round has attracted nearly 200 Crowdcube investors so far, with Mass Financial offering 4.76% in equity at an £8 million pre-money valuation. … Read More

June 29, 2020 @ 2:06 pm By Samantha Hurst  |  

Future You Cambridge, a UK-based D2C health supplements company, has successfully secured its initial £550,000 equity crowdfunding target on Seedrs. The funding round has attracted nearly 70 Seedrs investors. The company is now offering 6.35% in equity at a £8,108,776 pre-money valuation. Founded in 2012,… Read More

June 29, 2020 @ 1:52 pm By JD Alois  |  

  London Chelsea Limited says it has partnered with SolidBlock to offer a digital asset fund that invests in real estate. According to a release, London Chelsea Limited will sell a “London Digital Bond” described as a digital security backed by property. London Chelsea is… Read More

June 29, 2020 @ 9:30 am By JD Alois  |  

LendInvest is one of the most successful Fintechs in the UK. The digital marketplace for property finance has long been profitable – not a common characteristic in the early-stage sector including Fintech. It has been rumoured for some time now that LendInvest is a likely… Read More

June 29, 2020 @ 8:04 am By JD Alois  |  

FinecoBank (BI:FBK), an online trading and banking platform,  has added a suite of funds from Aberdeen Standard Investments (ASI). The company states that with the new funds from ASI, Fineco clients in the UK now have access to a new set of funds. ASI is… Read More

June 28, 2020 @ 7:25 pm By Omar Faridi  |  

UK-based Fintech TransferWise says its partnership with digital bank N26 continues to grow, with the money transfer service now helping the challenger’s customers to send funds to even more countries, including Brazil, Mexico, Singapore, the Philippines, among others. As mentioned on the Fintech firm’s website:… Read More

June 28, 2020 @ 2:07 pm By Omar Faridi  |  

UK-based CapitalStackers, a peer to peer (P2P) lending platform focused on real estate finance, has reportedly repaid £1.4 million (appr. $1.7 million) to investors, despite the socio-economic challenges created due to the global COVID-19 outbreak. CapitalStackers confirmed that it’s planning to introduce an Innovative Finance… Read More

June 28, 2020 @ 1:54 pm By Omar Faridi  |  

UK’s Funding Xchange (FXE), a Fintech that helps people and organizations find suitable business loans and funding options from its marketplace of more than 45 established lenders, is teaming up with Enterprise Nation, a UK-based community of SMBs and advisers that aim to provide a… Read More

June 27, 2020 @ 7:22 pm By Omar Faridi  |  

Fintech firm Lanistar, an alternative financial services provider, has reportedly chosen Jumio’s biometric ID verification technology to complete its customer onboarding process. Lanistar is planning to use Jumio’s software when it launches a polymorphic debit card later this year. The digital ID verification solution will… Read More

June 27, 2020 @ 6:03 pm By JD Alois  |  

Billon Group has received a £50,000 grant to create an immunity certificate platform using distributed ledger technology (DLT). The funding came via a Fast Start Competition by Innovate UK. The goal is to speed up and support workers’ return to a safe workplace. Billon group… Read More