Tagged: uk

April 16, 2020 @ 8:09 am By JD Alois  |  

Transfer Platform Sees Uptick in Users During Month of March WorldRemit, a global payments and money transfer platform, is donating £400,000 worth of vouchers for money transfers to NHS workers. According to WorldRemit, the move is to thank the health service workers during the COVID-19… Read More

April 15, 2020 @ 8:54 am By JD Alois  |  

Charlotte Crosswell, CEO of Innovate Finance, has posted an open letter in support of Fintech utilization during the COVID-19 pandemic. In the UK, the government has received some criticism for being slow to empower Fintech’s to help facilitate the Coronavirus programs designed to support the… Read More

April 15, 2020 @ 8:18 am By JD Alois  |  

Dinghy, an Insurtech backed by Allianz, is now offering up to 2 months of free professional indemnity insurance until June 14. The program is designed to assist freelancers who are not working and struggling to make ends meet during the COVID-19 pandemic. Dinghy is an… Read More

April 15, 2020 @ 7:58 am By JD Alois  |  

Open banking startups CreditKudos has raised £5 million in a Series A funding round led by AlbionVC, according to a report. AlbionVC was joined by a group of Fintech angels, including Christian Faes of LendInvest, as well as Entrepreneur First, TriplePoint, Plug & Play Ventures,… Read More

April 15, 2020 @ 7:20 am By Omar Faridi  |  

Financial technology (Fintech) can promote greater financial inclusion by facilitating faster and cheaper digital payments. However, these opportunities come with their certain challenges, according to a report published by the World Bank and the Committee on Payments and Market Infrastructures (CPMI). The report covers the… Read More

April 14, 2020 @ 3:27 pm By Omar Faridi  |  

We recently caught up with the developers of the Atomic Asset Exchange (AAX), a Malta-based cryptocurrency trading platform that’s powered by LSEG technology, which is a part of the London Stock Exchange Group. Thor Chan, the CEO at AAX, explained why his company’s exchange platform… Read More

April 14, 2020 @ 2:56 pm By JD Alois  |  

Startups and early-stage firms are vital to any economy that seeks to foster robust growth and wealth creation. Yet many early-stage firms are focused more on growth than earnings, and thus would not qualify for the programs bundled together by the UK government during the… Read More

April 14, 2020 @ 1:07 pm By JD Alois  |  

Clim8, an App-based startup for sustainable investing, has quickly topped its £400,000 crowdfunding goal on Crowdcube. As it stands today, Clim8 has raised £474,479 from 249 investors. The company is issuing equity at a pre-money valuation of £3.384 million or a per-share price of £24.97…. Read More

April 14, 2020 @ 10:58 am By Omar Faridi  |  

London-based Salary Finance, a firm that specializes in salary-linked savings and loans for workers across the UK, has integrated SpringFour, a Fintech solution provider that connects customers and employees to various productivity resources, tools and financial products. Through the integration, Salary Finance will offer free… Read More

April 14, 2020 @ 10:32 am By Samantha Hurst  |  

Different Dog, a UK-based dog food subscription service, is set to close its equity crowdfunding campaign on Seedrs with more than £950,000 million raised from over 300 Seedrs investors. The campaign launched last month and quickly raised its initial £750,000 funding target. As previously reported,… Read More

April 14, 2020 @ 10:17 am By Samantha Hurst  |  

Medic Bleep, a UK-based secure and real-time medical communication solution, announced on Monday it has extended its equity crowdfunding campaign on Crowdcube. The funding round, which has now raised more than 600,000 from over 500 Crowdcube investors, will now close at the end of April. … Read More

April 14, 2020 @ 8:00 am By JD Alois  |  

Digital bank Revolut has announced a partnership with Medecins Sans Frontieres (MSF) (Doctors without Borders) to provide support for communities affected by the COVID-19 pandemic. Revolut customers in EEA countries will be able to donate via an in-app feature to help people in need during… Read More

April 14, 2020 @ 7:42 am By Omar Faridi  |  

UK-based Agilesphere has confirmed its merger with Fintech firm Fimatix. Both companies will establish a government technology (Govtech) and Fintech-focused business. Agilesphere is an agile transformation organization that offers customized services to help and support business transformation processes. The company’s consultants are experienced in working… Read More

April 14, 2020 @ 7:26 am By Omar Faridi  |  

UK-based Fintech firm STICPAY has launched a prepaid STIC card for its digital wallet solution. The new payment option will allow users to make withdrawals and spend their funds through the STIC card. The Fintech firm noted that all STIC cards have a base currency,… Read More

April 13, 2020 @ 7:30 pm By Omar Faridi  |  

Kristo Käärmann, co-founder and CEO at London-based TransferWise, a privately-held Fintech firm that allows individuals and businesses to send money abroad at affordable and transparent rates, revealed that 25% of the cross-border transfers facilitated by the firm are now instant. Earlier this month, the TransferWise… Read More

April 13, 2020 @ 8:55 am By Omar Faridi  |  

Fintech Zopa, which provides online lending services in a fund based fashion, notes that during these challenging times, the company has noticed how peer-to-peer (P2P) platforms have taken varied approaches to mitigate the disruption caused by the Coronavirus (COVID-19) outbreak. The Zopa team explains that… Read More

April 13, 2020 @ 1:37 am By Omar Faridi  |  

Digital bank Revolut allows its 7 million customers to purchase cryptocurrencies. This, as reserve banks across the globe have announced huge stimulus packages to support their struggling economies, following the deadly Coronavirus (COVID-19) outbreak. This support from Revolut, which is notably one of Europe’s most… Read More

April 12, 2020 @ 10:26 pm By Samantha Hurst  |  

UK fintech GeoDB is officially set to close its equity crowdfunding campaign on Seedrs with more than £1.37 million raised from 765 Seedrs investors. The company launched the funding round last month and quickly secured its initial £1 million funding target.  The latest crowdfunding initiative… Read More

April 12, 2020 @ 2:20 pm By Omar Faridi  |  

The Lloyds of London has reportedly chosen 12 promising, early-stage Insurtech firms to take part in its innovation accelerator program, called Lloyds Lab. The 12 insurance technology startups were chosen out of over 90 companies that had submitted applications, as they were interested in participating… Read More

April 10, 2020 @ 7:10 pm By JD Alois  |  

Following approval by the British Business Bank as  CBILS lender, Starling Bank – a digital-only bank, has issued a statement. Starling is a fully licensed and regulated bank, founded by Anne Boden, former Allied Irish Banks COO, in 2014. Helen Bierton, Starling Bank’s Chief Banking… Read More