Tagged: uk

June 16, 2020 @ 8:58 am By JD Alois  |  

Global money transfer service Azimo will offer a fee-free transfer to all customers on June 16, the UN’s International Day of Family Remittances. The move is following the call by the United Nations for a zero fee remittances day. The goal is to raise awareness… Read More

June 15, 2020 @ 11:28 pm By Omar Faridi  |  

UK-based Fintech Payhawk, a corporate expense management solution provider that secured €3 million in seed funding in March 2020, has teamed up with Visa in order to issue business cards that offer 0.50% exchange rates. The Payhawk team says that by working with the payments… Read More

June 15, 2020 @ 10:21 pm By Samantha Hurst  |  

  Just a little over two years after raising £616,170 through its Crowdcube campaign, UK-based restaurant chain, Stem + Glory, is now seeking £400,000 through its new equity crowdfunding campaign on Seedrs. Co-investor of the funding round is the Future Fund. As previously reported, Stem +… Read More

June 15, 2020 @ 1:15 pm By Samantha Hurst  |  

NatWest announced on Monday it is developing behavioral biometrics technology that could replace banking passwords. According to NatWest, behavioral biometrics works by analyzing the unique ways a customer interacts with their device when making an online purchase. The technology then uses this information to confirm who… Read More

June 15, 2020 @ 10:37 am By Samantha Hurst  |  

UK-based banking group and lender Metro Bank is reportedly in advanced talks to purchase p2p lending platform Ratesetter. According to Sky News, the duo has entered into exclusive discussions about the acquisition. Founded in 2010, RateSetter states it offers a “simple and accessible way” to… Read More

June 15, 2020 @ 8:06 am By JD Alois  |  

Challenger bank Allica Bank has announced the appointment of Richard Cameron as Head of Asset Finance. Allica Bank seeks to support SMEs. Starting with commercial mortgages, the company’s goal is to provide a full suite of banking services for the underserved SME community. Allica received… Read More

June 15, 2020 @ 8:00 am By JD Alois  |  

Joint study to provide timely data and actionable insights on how the pandemic has affected the Fintech industry globally The Cambridge Centre for Alternative Finance (CCAF) at the University of Cambridge Judge Business School is partnering with the World Bank Group and the World Economic… Read More

June 15, 2020 @ 7:18 am By JD Alois  |  

UK based digital bank Starling Bank has added three new integrations to its Marketplace: Slack, the workplace messaging platform, Bionic, the energy switching service, and Equipsme, a health insurance provider, according to a company release. Starling Bank has taken the approach of providing many forward-thinking… Read More

June 14, 2020 @ 10:38 pm By Samantha Hurst  |  

Just days after launching its latest equity crowdfunding campaign on Crowdcube, current accounting and tax platform Coconut has successfully raised more than 1.15 million from over 1360 Crowdcube investors. As previously reported, Coconut describes itself as a current account that takes care of a user’s accounting and… Read More

June 14, 2020 @ 3:14 pm By Samantha Hurst  |  

UK-based menswear brand Troubadour Goods has successfully raised more than £600,000 through its latest equity crowdfunding campaign on Seedrs. The funding round was launched last month and quickly secured its initial £500,000 funding target.  As previously reported, Troubadour Goods seeks to design, create and sell… Read More

June 13, 2020 @ 4:49 pm By Omar Faridi  |  

UK-based Fintech firm OMG officially launched its platform on June 10, 2020. The company noted via Twitter: “We are a Fintech startup looking to provide our customers with day-to-day current accounts that will give instant cashback discounts for up to 50% of the purchase price.”… Read More

June 12, 2020 @ 11:08 am By Omar Faridi  |  

  Australia is reportedly planning to extend one of its Fintech agreements with the UK. The agreement is designed to help Fintech firms in each country by making it easier for them to acquire operational licenses. Both jurisdictions also aim to increase cooperation and collaboration… Read More

June 12, 2020 @ 9:04 am By JD Alois  |  

“Smart cash platform” Flagstone has distributed a note stating it is “business as usual” in offering new accounts for cash savings with higher interest rates. Flagstone is promoting its service while another digital savings provider, Marcus UK, has announced that it has pushed pause on… Read More

June 12, 2020 @ 8:12 am By Samantha Hurst  |  

UK banking group Barclays announced earlier this week the launch of its new “Back to Business” toolkit specifically for UK small businesses. The toolkit is to help businesses get back on their feet following the rise of the COVID-19 pandemic. It is also the latest… Read More

June 11, 2020 @ 9:52 pm By Samantha Hurst  |  

Less than two years after raising £1.8 million through its first equity crowdfunding campaign on Crowdcube, UK-based current accounting and tax platform Coconut has returned to the funding platform and has already surpassed its initial £700,000 target. As previously reported, Coconut describes itself as a current account… Read More

June 11, 2020 @ 9:24 pm By Samantha Hurst  |  

Codat, a UK-based technology company that connects the internal systems of small businesses to banks, fintechs, and other financial institutions, announced on Thursday it secured $10 million in venture funding. The funding comes from international venture firm Index Ventures, the backer of Adyen, Plaid, and… Read More

June 11, 2020 @ 10:12 am By Samantha Hurst  |  

KogoPAY, a UK-based mobile payments platform, announced on Wednesday it has signed a Memorandum of Understanding (MoU) with Singapore-based fintech Lightnet.  KogoPay reported that the MoU, which involves investment in KogoPAY UAB in return for shared operations in electronic banking, will provide both companies with… Read More

June 11, 2020 @ 9:29 am By Samantha Hurst  |  

  Cauldron, a UK-based experimental “arm of fintech revolutionaries,” has launched its new kids money management app, Nestlums. According to Cauldron, Nestlums offers modern money training for children through a unique, character-driven, ramified experience without connecting to a bank account or touching actual money. “Nestlums… Read More

June 11, 2020 @ 9:29 am By JD Alois  |  

Curve, a Fintech that continues to add new features and products, has issued a statement about Curve Credit – a subsidiary of the parent company that intends on providing online lending for its users. Curve has announced a waitlist for the service that is anticipated… Read More

June 11, 2020 @ 8:10 am By Samantha Hurst  |  

BBVA announced on Thursday its entire branch network in Spain is now operational after the bank reopened the last of the branches that were closed due to the COVID-19 pandemic. BBVA reported that the branches will follow strict safety measures, and the banking group is… Read More