Tagged: uk

Pires Investments Completes Investment in DeTech a DeFi Firm, Receives 4 Million Tokens

Pires Investments plc (AIM: PIRI) has completed an investment in DeTech Studios Limited that was announced in December. DeTech is a DeFi platform that will be issuing “YOP” tokens ( Yield Optimization Platform & Protocol). Pires receives 1,765 new ordinary shares in DeTech representing a… Read More

ShareIn, an Edinburgh based Fintech that Powers Online Capital Formation, to Offer New Crowdfunding Product

ShareIn, an Edinburgh based Fintech that powers online capital formation, will be providing a new crowdfunding product in response to growing demand from its clients, according to the company. This, as the white labelling platform begins to pivot away from its role of serving as… Read More

Ireland’s P2P Lending Platform Linked Finance Claims it has Received Record Levels of Interest from SMEs looking for Government-backed Loans

Ireland-based Linked Finance, a peer to peer lending platform, has reportedly received record levels of interest from SMEs that are looking for government-backed loans. After recently being approved to serve as a Coronavirus Credit Guarantee Scheme (CCGS) provider,  Linked Finance claims it has received a… Read More

Overfunding: Bitstocks’ Crowdcube Round Quickly Surpasses £500,000 Funding Target

Bitstocks, a UK-based bitcoin market advisory and cryptocurrency investment firm, has successfully secured its initial £500,000 through its equity crowdfunding campaign on Crowdcube. Founded in 2014, the company stated that while it serves as an investment house for retail bitcoin investors, its core purpose and… Read More

Update: Solar Product Designer Solivus Set to Close Seedrs Campaign With More Than £1.26 Million Secured

    Solivus, a UK-based startup that designs and creates solar products for the home and bespoke solar solutions for businesses, is set to close its equity crowdfunding campaign on Seedrs with £1.26 million secured. The funding round, which made its debut last month, originally sought to raise… Read More

Crowdfunded on Seedrs, Investors in Senta to Receive Up to 120x Return as Company is Acquired

Seedrs is out with a note this morning sharing that Senta has been acquired by Iris Software Group. Senta listed three securities offerings on Seedrs and investors may anticipate a decent return on their investment. Seedrs reports that this exit represents the largest percentage return… Read More

UK based Marketplace Lender Growth Street Says All its Platform Investors to Get their Money Back, as Company Winds Down Operations

UK-based marketplace lender Growth Street revealed on Tuesday (January 12, 2020) that all of its platform investors would be getting their funds back, as the company continues to wind down its operations (while still being solvent).  Kim Goetzke, COO at Growth Street, noted that returning… Read More

Record Breaking Year for Crowdfunding as Offerings Top £332 Million led by Crowdcube-Seedrs Combo

Securities offerings via crowdfunding platforms in the UK had a gangbuster year, according to a report. In total, £332 million was raised led by the two dominant platforms – Crowdcube and Seedrs – that hoover up over 90% of the offerings. A report by the… Read More

New Service by Revolut Provides Anti-Fraud Feature in Partnership with Modulr

Digital bank Revolut has announced a new service: Confirmation of Payee – available to over 3 million UK customers. The feature is part of Pay.UK’s anti-fraud initiative, according to a release. The feature has been enabled by its payments partner Modulr, one of the few… Read More

B-North Further Strengthens Top Team With Four Major Appointments, Including HR Director & Treasurer

  B-North, a UK-based business lending company, announced on Tuesday it has further strengthened its top team with four major appointments, including a new HR Director and Treasurer. The hires mark a continuation of the firm’s growth as they accelerate towards their launch. B-North reported… Read More

Sweep Reports Raising £900,000 in 2020 Following Seedrs Round

Sweep, an open banking Fintech that provides SMEs an expense and travel management platform, says it hit its 2020 funding target having raised £900,000 in investments and grants during 2020. Sweep completed an offering on Seedrs in December raising £250,000 in a Future Fund backed… Read More

UK Fintech Curve Secures $95 Million As Part of Series C Funding Round

  Curve, a banking platform that consolidates multiple cards and accounts into one smart card and even smarter app, announced on Monday it secured $95 million as part of its Series C investment round. According to Curve, the round was led by IDC Ventures, Fuel… Read More

WiseAlpha Looks to Boost Growth, Adds Money Dashboard Integration

WiseAlpha, a digital bond investment marketplace, will now integrate with Money Dashboard enabling users to track all of their investments including savings, financial accounts as well as bond investments. The WiseAlpha marketplace now integrates its fractional bonds with the service. WiseAlpha seeks to boost utilization… Read More

Crowdcube Co-Founder Luke Lang Predicts Big 2021

For Crowdcube, the UK’s largest crowdfunding platform by total raised, 2020 has been a stellar year in terms of funding rounds. The 3rd quarter of the year was described as “remarkable” and the platform generated £2.67 million in revenue – reportedly Crowdcube’s best ever. The… Read More

Overfunding Hybrid & Electric Car Developer Carverter Quickly Surpasses £2 Million Funding Target

Carverter, a UK-based company that enables customers to find & lease the perfect hybrid or electric vehicle (EV), has successfully secured its initial £2 million funding target through its equity crowdfunding campaign on Seedrs. Founded in 2018, Carverter claims it offers every single make and… Read More

Innovate UK Gives £167,000 Grant to PayDashBoard

PayDashboard, an “interactive payslip platform” has been selected by Innovate UK to receive a £167,072 funding grant to support its continued growth in the financial wellness space. The London based Fintech was selected to receive the sum as part of the Government’s sustainable economic recovery… Read More

Danger! UK Financial Conduct Authority Tells Consumers Investing in Crypto Could Lead to Total Loss of Money

The UK Financial Conduct Authority has issued a statement on the risk of investing in cryptocurrency during a time when Bitcoin has hit all-time highs before backing off by over 15% erasing billions in gains. The FCA states: “The FCA is aware that some firms… Read More

Digital Bank Revolut Pursues UK Banking License Anticipates Half of its Clients to Deposit Salaries and Use it As Primary Account

Prominent digital bank Revolut is expecting half of its clients to deposit their salaries and switch over to Revolut as their main bank account provider, after the Fintech challenger has acquired a banking license. Revolut issued a statement earlier today stating it has submitted its… Read More

2020 a Great Year for Seedrs as Investments Top £239 Million, 7 Exits During the Year

Seedrs, a top investment crowdfunding platform, has issued a release outlining 2020 results that indicate a stellar year during the time of COVID. According to the company, 2020 is the most successful year to date for the investment marketplace with investors dedicating £239 million, a… Read More

Over 160 UK-based Physical Bank Branches are Closing Down Permanently in Coming Months, Making it Difficult to Access Cash

Over 160 physical bank branch locations are shutting down permanently between now and the end of the lockdown period, which has been tentatively scheduled for late March 2021 in the UK.  As first reported by the Daily Mail, these bank branch closures will come as… Read More

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