Tagged: uk

May 13, 2020 @ 9:19 am By JD Alois  |  

We have seen a lot of anecdotal evidence that online capital formation platforms focusing on early-stage ventures continue to do pretty well in spite of the ongoing pandemic. Earlier today, Crowdcube co-founder Luke Lang tweeted out some numbers indicating robust performance on the platform during… Read More

May 13, 2020 @ 8:37 am By Omar Faridi  |  

UK-based Fintech TransferWise recently revealed that customers can now send money instantly to several developing economies in Asia including Pakistan, Thailand, and Sri Lanka. The TransferWise team noted: “In the past, if you were sending money to Thailand (THB), Pakistan (PKR), or Sri Lanka (LKR)… Read More

May 12, 2020 @ 11:48 am By JD Alois  |  

HM Treasury provided an update today on the progress of the various programs designed to backstop the UK economy. These programs include the Bounce Back Loan Scheme (BBLS) targeted at sole traders and small firms, the Coronavirus Business Interruption Loan Scheme (CBILS) for small and… Read More

May 12, 2020 @ 10:47 am By JD Alois  |  

Starling Bank, a UK based digital bank, has shared that during the first day and half of availability the Fintech paid out £90 million in Bounce Back Loans. The bank also made a total of £120 million in offers for these loans. Simultaneously, Starling Bank… Read More

May 12, 2020 @ 8:40 am By JD Alois  |  

LendInvest, a marketplace for property financing, has launched a new one year fixed rate product labeled “BTL Plus,” to a “select panel of key intermediary partners and packagers.” According to LendInvest, a one year fixed rate of 3.45% is available up to 65% LTV, and… Read More

May 12, 2020 @ 7:34 am By Omar Faridi  |  

UK-based digital bank Revolut, which was most recently valued at $5.5 billion, has reportedly laid off around 60 workers, as the COVID-19 outbreak appears to have negatively impacted the firm. Nikolay Storonsky, the Russian  CEO at Revolut, announced the layoffs on May 11, 2020, according to… Read More

May 12, 2020 @ 7:23 am By Omar Faridi  |  

UK-based digital bank Monzo has reportedly hired David Laramy, the former head of fraud at JPMorgan Chase. Laramy will be serving as Monzo’s new vice president and head of its global financial crime division. Laramy’s appointment has come shortly after the banking challenger appointed former American… Read More

May 11, 2020 @ 10:54 am By JD Alois  |  

Rightangled, a healthtech firm that is currently offering COVID-19 testing, has launched a crowdfunding offering on Crowdcube – quickly topping its £50,000 target now standing at £354,131 backed by 655 investors. Rightangled is offering equity in the company at a pre-money valuation of £9.5 million…. Read More

May 11, 2020 @ 8:34 am By Samantha Hurst  |  

Primer, a UK-based fintech startup, has reportedly secured £3.2 million through its seed funding round, led by Balderton Capital with participation from Taavet Hinrikus, who co-founded and previously led TransferWise. Founded earlier this year by former PayPal employees, Primer states it consolidates your payments stack… Read More

May 11, 2020 @ 8:25 am By Omar Faridi  |  

United Kingdom’s trade group, TheCityUK, recently recommended that the country should update its regulatory framework for Fintech, as the COVID-19 crisis has made it challenging for businesses to operate while following traditional models of finance. There are around 1,600 Fintech companies based in the UK…. Read More

May 10, 2020 @ 10:49 pm By Samantha Hurst  |  

Saurus, a UK-based digital banking startup, is set to close its equity crowdfunding campaign on Crowdcube with more than £850,000 in funding secured from nearly 1770 Crowdcube investors. The campaign was launched last month, originally seeking £650,000.  Saurus is currently offering 6.93% in equity at… Read More

May 9, 2020 @ 12:12 pm By Omar Faridi  |  

  UK-based Freetrade, a Fintech firm that offers a free-to-use investment app that makes it simpler to invest, has revealed that it will again be seeking additional capital via crowdfunding, beginning on May 14, 2020. In 2019, The Freetrade community reportedly invested a record £1… Read More

May 8, 2020 @ 3:52 pm By Samantha Hurst  |  

The Cheeky Panda, a 100% ultra sustainable, low carbon, bamboo tissue product brand, officially closed its latest equity crowdfunding campaign on Seedrs with a total of £2,186,928 raised. The company launched the funding round last month and quickly doubled its initial £750,000 funding target.  Launched… Read More

May 8, 2020 @ 11:27 am By Samantha Hurst  |  

Clim8, an App-based startup for sustainable investing, has now surpassed £1.1 million through its equity crowdfunding campaign on Crowdcube. The funding round, which is set to close next Thursday, has attracted over 1060 Crowdcube investors so far. The company is offering 24.88% in equity at… Read More

May 8, 2020 @ 7:59 am By Omar Faridi  |  

London-based TokenAnalyst, an enterprise-grade provider of data and tools to help users understand and access blockchains and trade digital assets, is reportedly planning to shut down its services. A few members of the TokenAnalyst team will be joining the San Francisco-based crypto exchange  Coinbase. Established… Read More

May 7, 2020 @ 11:04 am By Samantha Hurst  |  

Ayoa, an intelligent digital workspace for remote teams to manage meetings, build plans, and action tasks, has successfully secured its initial £1 million funding target through its equity crowdfunding campaign on Seedrs. The campaign, which launched last month, has attracted more than 430 Seedrs investors…. Read More

May 7, 2020 @ 9:14 am By JD Alois  |  

Leading digital bank Starling Bank has been accredited as a Bounce Back Loan provider by the British Business Bank. The approval of Starling Bank was anticipated by the Fintech and the bank now joins the original list of traditional financial services firms providing the loans…. Read More

May 7, 2020 @ 9:01 am By JD Alois  |  

The “Tokenise Stock Exchange“ has announced the launch of its new website and the registration of investors. The digital asset exchange says it expects to be up and trading digital securities shortly. While operating out of London, the Tokenise Stock Exchange is licensed in Barbados… Read More

May 7, 2020 @ 8:35 am By Samantha Hurst  |  

  Countingup, a UK-based business current account that automates accounting, announced on Thursday it raised £4 million in a bridge round of financing, which was led by ING Ventures with co-investment from Triple Point, CVentures and BiG Start Ventures. The company reported that in the… Read More

May 7, 2020 @ 7:59 am By JD Alois  |  

YRD Capital, a company that claims to be the world’s first fund of funds holding digital assets is now available in the UK.  In a note from the firm, the expansion into the UK follows the fund’s second investment in a UK based fund and… Read More