Tagged: uk

May 21, 2020 @ 8:18 am By JD Alois  |  

Folk2Folk, a peer to peer lender that provides access to credit in local communities, says it paid out over £11.3 million in gross interest payments to investors during the financial year 2019. The company says 2019 was its biggest pay-out to date. The average fixed… Read More

May 21, 2020 @ 7:58 am By Samantha Hurst  |  

  Common Objective, a global B2B fashion sourcing and information platform, is set to close its equity crowdfunding platform Crowdcube with nearly £400,000 secured. The funding round was launched last month and has already attracted more than 300 Crowdcube investors. As previously reported Common Objective… Read More

May 21, 2020 @ 3:00 am By Barry James  |  

Some people in government here are talking as if the crisis is over, and that they’ve done all they can for businesses. There are worrying signs that the initial good intentions are fading and that the temptation to manage the numbers and the messages rather… Read More

May 20, 2020 @ 11:01 pm By JD Alois  |  

Monzo founder Tom Blomfield has exited the CEO role at the digital bank and will now become President of the company according to multiple reports. The current US CEO TS Anil is said to become the new “UK Bank CEO” according to Techcrunch. Anil is… Read More

May 20, 2020 @ 1:58 pm By Samantha Hurst  |  

BBVA announced on Wednesday it has teamed up with fintech FinIQ to launch of BBVA epricer, a website for its equities and credit-linked structured products. According to BBVA, BBVA epricer is designed to help professionals structure and obtain prices for equity and credit-linked investment products… Read More

May 20, 2020 @ 11:55 am By JD Alois  |  

Long-anticipated, the Future Fund opens for applications today. The Future Fund will remain open until September and is delivered in partnership with the British Business Bank. The Future Fund was revealed in April by Chancellor of the Exchequer Rishi Sunak as part of a package… Read More

May 20, 2020 @ 11:09 am By JD Alois  |  

iwoca, a European alternative lender for small businesses, has been accreditated by the British Business Bank under the Coronavirus Business Interruption Loan Scheme (CBILS). iwoca says that existing customers impacted by COVID-19 will be able to apply this week, followed gradually by new customers. The… Read More

May 20, 2020 @ 10:31 am By JD Alois  |  

EstateGuru, a European lending marketplace, has topped €630,377 in a securities offering on Seedrs. Launched at the beginning of this month, EstateGuru set a minimum hurdle of €350,000 but quickly surpassed that goal. EstateGuru is seeking a maximum of €2 million on Seedrs as part… Read More

May 20, 2020 @ 9:10 am By JD Alois  |  

Digital Bank Revolut has integrated with Clear Books the cloud-based accounting system. The feature will enable Revolut’s more than 400,000 business accounts to seamlessly view and manage reports and track expenses and bills. Clear Books will now sit alongside Xero, Slack, FreeAgent, Zapier and other… Read More

May 19, 2020 @ 3:57 pm By Samantha Hurst  |  

Tech Will Save Us, an edtech startup that provides hybrid online and offline learning experiences for kids, has raised more than £440,000 through its equity crowdfunding campaign on Seedrs. The funding round, which has attracted over 200 Seedrs investors, was launched last month originally seeking… Read More

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

  Wirex, a UK-based payments platform, announced on Tuesday it is diversifying its funding options by allowing customers in Russia to fund their accounts by allowing top-ups using domestic bank cards. According to Wirex, users may now link their bank-issued credit or debit card to… Read More

May 19, 2020 @ 9:59 am By JD Alois  |  

HM Treasury has provided an update on the progress of the various COVID-19 support programs that have been put in place in the last two months. According to the UK government:   8 million jobs have now been furloughed with £11.1 billion claimed so far… Read More

May 19, 2020 @ 8:54 am By Samantha Hurst  |  

TV.FIT, a UK-based fitness content subscription platform, has successfully surpassed its initial £1.4 funding target through its equity crowdfunding campaign on Seedrs. The funding round launched earlier this month and has already attracted more than 200 Seedrs investors.  As previously reported, TV.FIT describes itself as… Read More

May 19, 2020 @ 7:30 am By JD Alois  |  

UK based Curve, a banking platform that consolidates multiple cards into a single card and app, has announced that its premium Curve Metal card and affiliated benefits are now available to its customers in the European Economic Area (EEA). Curve customers in the EEA can… Read More

May 18, 2020 @ 6:11 pm By JD Alois  |  

Travel Fintech Fly Now Pay Later has raised £35 million in both debt and equity capital in s Series funding round, according to the company. As leisure and travel companies struggle during the Coronavirus crisis it appears that investors have pushed that concern aside betting… Read More

May 18, 2020 @ 4:23 pm By JD Alois  |  

SME lender B-North has enlisted Regtech platform TruNarrative to provide onboarding and compliance technology, according to a company release. Reportedly, the move comes ahead of authorization by the FCA and PRA. Ahead of authorization from the FCA and PRA, B-North is set to procure TruNarrative’s… Read More

May 18, 2020 @ 4:23 pm By Samantha Hurst  |  

Almond Impact, a UK-based environmental startup, has successfully secured its initial £500,000 funding target through its Crowdcube campaign. The company launched the funding round at the beginning of May and is offering 11.54% in equity at a £3,976,200 pre-money valuation. So far, the campaign has… Read More

May 18, 2020 @ 2:11 pm By JD Alois  |  

The previously announced Future Fund will open for applications beginning May 20, 2020, following a period of deliberation where the UK government sought to sort out the details as to how, and for who, the COVID-19 support program would provide capital. The British Business Bank… Read More

May 18, 2020 @ 1:57 pm By Samantha Hurst  |  

KoinWorks, an Indonesia-based P2P lender, has reportedly secured $10 million in additional funding from UK lending platform Lendable. Founded in 2015, KoinWorks claims to be the leading P2P Fintech Lending in Indonesia and the first Indonesian P2P Lending company to be registered, as well as… Read More

May 18, 2020 @ 11:33 am By Samantha Hurst  |  

Just a little over six months after raising £282,015 through its recent funding round on Seedrs, prop-tech startup Brickowner has launched a new campaign on the equity crowdfunding platform and has already surpassed its initial £150,000 funding target. Founded in 2016, Brickowner stated it was… Read More