Tagged: uk

June 19, 2020 @ 10:27 am By Samantha Hurst  |  

Imagen, a UK-based biotech company, has successfully secured its initial £600,000 funding target through its equity crowdfunding campaign on Crowdcube. Founded in 2007, Imagen is on a mission to improve the outcomes of cancer patients by accelerating drug discovery and the development of new cancer… Read More

June 18, 2020 @ 11:25 pm By Omar Faridi  |  

Binance, the world’s largest cryptocurrency exchange that has successfully branched out into digital assets lending, staking, and many other initiatives, has joined the crypto-asset exchange committee at the Internet and Mobile Association of India (IAMAI), which is the leading trade body of digital businesses based… Read More

June 18, 2020 @ 10:08 pm By Samantha Hurst  |  

Open banking platform Nuapay announced on Wednesday it has formed a partnership with payment processing startup Felloh! to create a new solution that will enable consumers to donate to charities through an open banking process, with over 50% of beta testers finding it easier to… Read More

June 18, 2020 @ 10:26 am By JD Alois  |  

Thought Machine and Regtech TruNarrative have partnered to bring identity verification, risk monitoring, and cloud-native core banking to digital bank Atom bank, according to a post by the company. The partnership is described as enabling Atom to use the TruNarrative platform to conduct a suite… Read More

June 18, 2020 @ 9:30 am By Samantha Hurst  |  

Darqube, a UK-based all-in-one investing, analytics, automated trading, and secure messaging platform, has quickly secured its initial £300,000 equity crowdfunding campaign target on Seedrs. Founded in 2019, Darqube’s mission is to equip everyone, from novice to experienced investors, with the cutting-edge technology and insights they… Read More

June 18, 2020 @ 8:05 am By Omar Faridi  |  

Nick Catino, head of policy and campaigns (Americas) at Fintech firm TranserWise, recently discussed how the remittance rule affects the company’s pricing model. The Consumer Financial Protection Bureau, an agency of the US government responsible for consumer protection in the financial sector, has published the… Read More

June 17, 2020 @ 3:19 pm By Samantha Hurst  |  

LendInvest a UK-based marketplace for property financing, announced on Wednesday it has joined Sesame and PMS’s lender panel to ramp up distribution of its Buy-to-Let and Bridging products. According to LendInvest, the network and mortgage club’s member firms will now be able to register with… Read More

June 17, 2020 @ 11:07 am By JD Alois  |  

Top digital bank Monzo has raised £60 million in new funding at a significant decline in valuation reportedly a 40% haircut. A second tranche of funding may be forthcoming later this year. It was reported last month that Monzo was seeking up to £100 million… Read More

June 17, 2020 @ 10:27 am By JD Alois  |  

BPC, a payment solutions, has today announced that it will be joining Visa’s Fintech Fast Track Program as the preferred technology enablement partner for Visa. BPC has been around for quite some time (1996) providing solutions to both traditional and newer financial services firms. The… Read More

June 17, 2020 @ 7:42 am By JD Alois  |  

Seedrs, a securities crowdfunding platform, has posted an update on its nascent Secondary Market. Seedrs is one of the top online capital formation platforms in the UK that provides issuers with the opportunity to raise growth funding online while managing their investors following a funding… Read More

June 16, 2020 @ 4:42 pm By Samantha Hurst  |  

Digital-only bank platform N26 recently announced the launch of its new N26 Business Metal, which is a premium business account for entrepreneurs, with 0.5% cashback. According to N26, the business bank account is for freelancers and the self-employed. “While N26 Business and Business You already… Read More

June 16, 2020 @ 2:24 pm By Samantha Hurst  |  

Just a little over a year after raising $3.4 million, UK-based international money transfer platform TransferGo reportedly raised $10 million through its latest investment round. The platform also expanded its services to 11 next markets. As previously reported, TransferGo claimed last year to be the first… Read More

June 16, 2020 @ 10:52 am By Samantha Hurst  |  

Property investment platform CrowdProperty announced on Tuesday it has lent more than £75 million to SME property professionals and has now funded the development of 1,000 homes that were worth almost £170 million, enabling over £60 million of spend on labor, materials, and services in… Read More

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