Tagged: uk

UK Fintech Flagstone Reportedly Receives £108M Investment

Estancia Capital Partners LP is reportedly acquiring a minority stake in cash deposit platform Flagstone, so that it can provide more firepower to the UK startup’s line of savings products. Flagstone reportedly stated that the £108 million (appr. $139 million) investment from the private equity… Read More

UK Fintech Wise Could Be Benefitting Considerably From Higher Interest Rates, According to Industry Analyst

Simon Taylor, an experienced Fintech strategist, notes that the latest Fintech results season is witnessing Wise (LSE:WISE) really “hitting its stride.” As HSBC competitor Zing launches, Wise revenue is “up 23% YoY and its above its IPO price.” Simon Taylor has examined why Wise revenuers… Read More

Smart Pension Reports £5 Billion in UK AUM

‍Smart Pension, one of the UK’s workplace pension providers, has announced that its master trusts have reached £5 billion in Assets Under Management (AUM). Smart Pension, which operates the Smart Pension Master Trust, says it “serves over 1.4 million members and more than 70,000 employers… Read More

UK Crowdfunding Association Highlights Beneficial Policies Revealed in Spring Budget

This week, the Chancellor of the Exchequer, Jeremy Hunt, revealed the UK government’s Spring Budget. While the list of policies and changes is rather long, the UK Crowdfunding Association (UKCFA) has highlighted several changes that will benefit the industry. First, there is an increase in the… Read More

UK’s Lloyds Banking Group Enters Corporate Power Purchase Agreement with Low Carbon

Lloyds Banking Group has signed a corporate Power Purchase Agreement (PPA) with global renewable energy company, Low Carbon. Through the 10-year agreement, the Group will “purchase 50 GWh of clean electricity annually, the equivalent of powering more than 14,000 homes.” The energy will be generated… Read More

Fuel Ventures SEIS Fund Raises £187K+ via Crowdcube

Fuel Ventures SEIS Fund says it was recently recognized as the UK’s best SEIS Investment Manager. Investments in the fund may qualify for 50% tax-relief potential. Fuel Ventures SEIS Fund has raised £187,306 from 59 investors (with 32 days left in the campaign at the… Read More

British Business Bank Shares its Response to the Spring Budget

In the latest Spring Budget, the Chancellor of the Exchequer Jeremy Hunt announced that, following a highly competitive bidding process, the British Business Bank intends to award “a total of £250m under the Long-Term Investment for Technology and Science initiative.” The Chancellor also announced “the… Read More

Private Intermittent Securities and Capital Exchange System (PISCES): UK Moves Forward with Framework to Trade Private Securities

The UK has proposed a framework for the Private Intermittent Securities and Capital Exchange System (PISCES), which was mentioned in today’s Spring Budget delivered by the Chancellor of the Exchequer, Jeremy Hunt. The consultation aims to establish new parameters to enable private securities to trade… Read More

Chancellor Jeremy Hunt’s Spring Budget Delivers Mixed Responses from Fintech Insiders

The Chancellor of the Exchequer, Jeremy Hunt, delivered the Spring Budget today, and once again, there was something for everyone to like or dislike. The budget is being described as a “Budget for long-term growth,” highlighting the expectation that inflation will move lower. Hunt said the… Read More

UK Fintech Accomplish Financial and IDEX to Introduce Biometric Cards for Payment Accessibility

IDEX Biometrics and Accomplish Financial, an international payment solution provider, are bringing to market a biometric payment program to help the visually- and memory impaired. The program will first launch in the UK, “where a global fintech will bring to market an accessible payment solution… Read More

Innovate Finance Introduces Unicorn Council for UK Fintech Founders

Innovate Finance, the independent industry body for UK Fintech, has launched the Unicorn Council for UK Fintech (UCFT), a coalition of UK-based Fintech unicorn founders to accelerate and unlock promised growth in the UK FinTech sector. The Council will be “co-chaired by Janine Hirt, CEO… Read More

THIS, UK Foodtech Making Plant-based Meat Alternatives, Raises Over £1 Million via Seedrs

THIS, which claims to be the UK’s “fastest growing” food brand (Feb ’23), making ridiculously meaty plant-based alternative, has secured over £1  million on Seedrs topping its funding target of £750,000. The securities offering has almost a month left in its campaign. THIS is offering… Read More

UK’s PensionBee Announces Proposed US Business Expansion

PensionBee Group plc, an online pension provider, recently announced it has entered into an exclusive, non-binding term sheet “with a large, US-based global financial institution in order to expand into the United States of America.” The US has the world’s largest Defined Contribution pension market,… Read More

UK’s ESProfiler, a Cybersecurity Startup, Reports £2.8M Seed Round

ESProfiler, the British cybersecurity start-up, announces a £2.8 million Seed round, led by Nauta Capital. This milestone builds on the momentum from angel investments received in 2023. Founded to tackle the inefficiencies in enterprise cybersecurity investments, ESProfiler is emerging as a key player in the… Read More

Chancellor of the Exchequer Jeremy Hunt to Reveal Spring Budget, Fintechs Share Opinions

Tomorrow (March 6, 2024), the Chancellor of the Exchequer Jeremy Hunt will reveal the Spring Budget. Will there be tax cuts? Will ISAs be expanded?  Will the inheritance tax go away? We will know soon enough. As there is an election looming, you can expect… Read More

UK’s Digital Bank Monzo Secures $400 Million at $5 Billion Valuation

UK’s challenger bank Monzo has finalized a heavily-trailed $400 million investment round, which has increased the firm’s valuation to $5 billion. The funding round, an incentive for pushing the banking platform towards profitability, was reportedly led by Alphabet-owned Capital G, along with contributions from Google… Read More

Sibstar, a Debit Card and Fintech App for Dementia Patients, Acquires £125,000 from Dragon’s Den

Founder of Sibstar, which is a debit card and app for dementia patients and their families to safely manage their funds, has acquired £125,000 from Dragon’s Den investors Sara Davies and Deborah Maiden. The BBC reality series reportedly sees a number of budding entrepreneurs pitch… Read More

UK Businesses Continued Positive Start to 2024 – Report

Businesses continued their positive start to the new year, Lloyds Bank’s latest Business Barometer has found. The Barometer – which measures businesses’ overall confidence “by assessing their trading prospects and optimism for the economy – found that while overall confidence dipped slightly to 42%, businesses… Read More

UK’s FullCircl, a Platform Removing Regulatory and Verification Roadblocks, Introduces Orchestration Platform

FullCircl, a UK-based SaaS platform that removes the regulatory and verification roadblocks to drive revenue growth, is excited to announce the launch of its first white label orchestration platform through W2 by FullCircl to help regulated businesses onboard more customers and meet regulatory requirements. It’s… Read More

UK Fintech TangoPay and Currencycloud to Improve Remittance Services

Currencycloud, the Fintech firm focused on simplifying business processes in a multi-currency environment, has teamed up with UK-headquartered Fintech company, TangoPay to improve its remittance service for its UK-based expat clients. This enhancement will be achieved by introducing real-time competitive foreign exchange (FX) rates along… Read More

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