Tagged: uk

April 10, 2020 @ 7:01 pm By JD Alois  |  

The British Business Bank has announced new lenders participating in the Coronavirus Business Interruption Loan Scheme (CBILS) including several digital banks. Established in 2014, the British Business Bank is the UK government’s economic development bank. The Bank’s mission is to make finance markets for smaller… Read More

April 10, 2020 @ 2:20 pm By Samantha Hurst  |  

Japanese-inspired food brand, Miso Tasty, is set to close its latest equity crowdfunding campaign on Seedrs with more than £375,000 raised from over 350 Seedrs investors. Miso Tasty is currently offering 12.46% in equity at a £2,037,500 pre-money valuation through the funding round. Miso Tasty,… Read More

April 10, 2020 @ 10:29 am By Samantha Hurst  |  

UK-based next-generation banking platform Cashaa has reportedly developed a fiat gateway specifically for BEP2 tokens on Binance Chain. According to Cointelegraph, the new integration allows users to sell and buy tokens directly for fiat currencies. The media outlet reported Cashaa will now support the U.S…. Read More

April 10, 2020 @ 10:10 am By JD Alois  |  

Funding Circle (LSE:FCH), an SME lender that facilitates loans in both the US and parts of Europe, has decided to pause its secondary market due to the COVID-19 pandemic, according to a blog post. Funding Circle has recently taken multiple actions to buttress the platform… Read More

April 10, 2020 @ 7:48 am By Omar Faridi  |  

Investment firm Index Ventures has acquired $2 billion in funding during a time when there are concerns that tech startups won’t be able to secure the capital they need to sustain operations. This, as individuals and businesses cope with the deadly Coronavirus (COVID-19) pandemic and… Read More

April 9, 2020 @ 10:23 pm By Omar Faridi  |  

UK-based Phos, a Fintech firm that provides a software-only PoS to help vendors take payments directly via their phones without requiring additional hardware, has secured €1.3 million in capital. Phos’ latest round was led by Bulgaria-based New Vision 3, an early-stage venture capital firm (part… Read More

April 9, 2020 @ 2:50 pm By Samantha Hurst  |  

UK-based challenger bank Monzo is reportedly set to shut down its customer support office in Las Vegas. As previously reported, the company announced the launch of the office in the summer of 2018. The customer support team was created to help Monzo scale its customer service… Read More

April 9, 2020 @ 12:16 pm By JD Alois  |  

Cryptoasset insurance company Evertas, formerly doing business as BlockRE, say adoption of crypto and blockchain in general is being held back by lack of a “robust insurance market.” The company cites a survey that claims just over half (55%) of insurance executives it interviewed believe companies… Read More

April 9, 2020 @ 11:57 am By Samantha Hurst  |  

Lupe Technology, a UK-based consumer tech brand that’s created “game-changing” cordless vacuums, successfully secured its initial £650,000 funding target just days after publically launching its equity crowdfunding campaign on Seedrs.  As previously reported, Lupe describes itself as a consumer tech brand that’s looking to create… Read More

April 9, 2020 @ 9:31 am By Samantha Hurst  |  

Following the closing of its equity crowdfunding campaign on Crowdcube, which raised £893,620 in total funding, UK insurtech Honcho announced it raised an additional £1.2 million through its recent investment round. The company reported that between 2018 and 2019 honcho raised £1.8m from a combination… Read More

April 9, 2020 @ 9:00 am By JD Alois  |  

Molinari Media has acquired UK based Fintech Worldwide, according to a company release. Molinari Media is a new company created by Vince Molinari – a well-known individual in the Fintech and crowdfunding world. Molinari was recently involved with Templum – an ATS platform that was… Read More

April 9, 2020 @ 8:23 am By Omar Faridi  |  

UK-based JudoPay, a mobile-first payment platform, has confirmed that it will be taking part in the #KeepBritainMoving initiative, which has been launched in response to the economic uncertainty resulting from the Coronavirus (COVID-19) outbreak. JudoPay is planning to support UK-based SMEs during these challenging times…. Read More

April 8, 2020 @ 2:27 pm By Samantha Hurst  |  

monva, a UK-based intelligent comparison platform for financial products and services, has launched an equity crowdfunding campaign on Crowdcube to raise a minimum of £250,000. The company is now offering 12.22% in equity at a £2,247,112 pre-money valuation. Founded in 2018, monva is on a… Read More

April 8, 2020 @ 2:00 pm By Samantha Hurst  |  

UK-based peer-to-peer lender RateSetter announced on Tuesday it completed two sales of non-performing loans, with the combined proceeds of £4.65m added into the Provision Fund. According to RateSetter, the debt sale process started in December 2019 and the lender was not needing to reduce its… Read More

April 8, 2020 @ 10:58 am By JD Alois  |  

Assetz Capital, a peer to peer lending marketplace, held a vote of platform investors on providing forbearance to borrowers during the COVID-19 pandemic. Assetz Capital reports that investors have “overwhelmingly” voted to provide relief and to extend loans for an initial three months, where needed…. Read More

April 8, 2020 @ 9:07 am By JD Alois  |  

Last weekend, a campaign to aid early-stage UK firms, entitled Save Our Startups, was launched by a group of very high profile platforms, founders, investors, and advocacy groups. An Open Letter addressed to the PM was included and as of today over 4500 individuals have… Read More

April 8, 2020 @ 8:14 am By Samantha Hurst  |  

UK-based digital banking group Starling Bank announced on Wednesday the launch of its second debit card for personal accounts, Connect. According to Starling, the Connected card has been designed to help personal account customers who are self-isolating during the COVID-19 pandemic and are relying on… Read More

April 7, 2020 @ 3:57 pm By JD Alois  |  

“We’ve seen a significant contraction in the market with a reduction of 30 to 40% in the demand for personal loans. It’s our view that the fall in demand is being driven by faltering consumer confidence due to job insecurity and economic uncertainty amongst other… Read More

April 7, 2020 @ 3:02 pm By Omar Faridi  |  

UK-headquartered Privitar, a data privacy company, has secured $80 million in funding through a Series C investment round led by Warburg Pincus. ABN Amro Ventures, the VC division of ABN Amro, the third-largest bank in the Netherlands, also took part in Privitar’s latest round. Accel,… Read More

April 7, 2020 @ 10:17 am By JD Alois  |  

Wirex, a UK based payments platform, is reporting profitability while claiming over 3 million active users in more than 130 different countries. Wirex did not provide details on the profitability report as to whether it was for the full year of 2019, the most recent… Read More