Tagged: uk

April 5, 2020 @ 10:38 pm By Samantha Hurst  |  

Medic Bleep, a UK-based secure and real-time medical communication solution, has successfully secured its initial £500,000 funding target through its equity crowdfunding campaign on Crowdcube. The funding round has already attracted nearly 275 Crowdcube investors. Founded in 2015, Medic Bleep claims it enables doctors, nurses… Read More

April 5, 2020 @ 10:18 pm By Samantha Hurst  |  

UK fintech GeoDB has successfully secured more than £1.3 million through its equity crowdfunding campaign on Seedrs. The funding round, which was launched last month with a mission to raise £1 million, has attracted over 600 Seedrs investors. GeoDB is now offering 6.25% in equity… Read More

April 5, 2020 @ 9:53 pm By Samantha Hurst  |  

Digital bank Revolut recently announced plans to move non-UK customers in Central and Eastern Europe in its newly licensed Lithuanian entity before the end of the Brexit transition period in December 2020. The company went on to share more details about its response to Brexit…. Read More

April 5, 2020 @ 10:17 am By JD Alois  |  

Crowdcube co-founder Luke Lang has announced a new initiative to help entrepreneurs and small companies during the COVID-19 crisis. Distributed in an email today, Crowdcube announced the launch of Save Our Startups (SOC). Simultaneously, Crowdcube posted an open letter directed to UK Prime Minister Boris… Read More

April 4, 2020 @ 1:35 pm By Omar Faridi  |  

Capital on Tap has been working cooperatively with other Fintech service providers in order to develop a software tool, which aims to assist businesses with tracking and claiming back the funds they may have lost, due to the deadly Coronavirus (COVID-19) outbreak. Capital on Tap… Read More

April 3, 2020 @ 2:07 pm By Samantha Hurst  |  

Japanese-inspired food brand, Miso Tasty, has successfully secured its initial £350,000 funding target through its latest equity crowdfunding round on Seedrs. The latest campaign comes less than two years after Miso Tasty raised £421,400 through its second Seedrs initiative. As previously reported, Miso Tasty was… Read More

April 3, 2020 @ 10:04 am By JD Alois  |  

Following intense criticism regarding the confines of the Coronavirus Business Interruption Loan Scheme (CBILS), HM Treasury expanded the program in a move to support a broader range of businesses – most importantly smaller firms. Last week, Rangewell, a business finance specialist, posted an open letter… Read More

April 3, 2020 @ 9:15 am By Samantha Hurst  |  

UK banking group NatWest announced on Friday it is continuing to offer support SME customers by waiving monthly hire fees for Point-of-Sale terminals from its payments product Tyl until the end of 2020 in response to the COVID-19 pandemic. NatWest also revealed that is providing… Read More

April 3, 2020 @ 9:14 am By JD Alois  |  

Factom, a blockchain as a service platform, is going into liquidation. Factom raised over $8 million in 2017 from well-known investors like Tim Draper, of Draper Associates and Medici Ventures, a wholly-owned subsidiary of Overstock.com, Inc., Peeli Ventures, and Harvest Equity. The news of Factom’s… Read More

April 3, 2020 @ 7:54 am By Omar Faridi  |  

Nottingham-headquartered Fintech firm Tully has introduced a Coronavirus (COVID-19) Relief and Wellbeing network. The network aims to offer a single, comprehensive online resource where individuals financially affected by the Coronavirus outbreak may get access to payment relief. Tully’s free of cost service accepts applications from… Read More

April 2, 2020 @ 7:32 pm By JD Alois  |  

Chancellor of the Exchequer Rishi Sunak has announced new measures to support firms impacted by the COVID-19 pandemic. The update includes broader access to the Coronavirus Business Interruption Loan Scheme (CBILS) and creating a new plan for larger firms. The Chancellor announced that HM Treasury… Read More

April 2, 2020 @ 3:24 pm By Samantha Hurst  |  

Propetly, a UK-based property investing marketplace, is now seeking to raise a minimum of £225,000 through its equity crowdfunding campaign on Seedrs. The company is now offering 6.97% in equity at a £3,004,320 pre-money valuation. Founded in 2018, Propetly describes itself as a marketplace that… Read More

April 2, 2020 @ 12:28 pm By JD Alois  |  

Peer to peer lending research firm 4thWay is out with a short note on the impact of the Coronavirus (COVID-19) pandemic on the P2P industry.  According to 4thWay, a minority of investors are selling their loans due to the affiliated risk of the outbreak. The… Read More

April 2, 2020 @ 8:49 am By JD Alois  |  

Salt Edge, an open banking and authentication platform, and Pannovate, a payment and digital banking provider, have partnered to provide PSD2 compliant banking and payments programs in the UK and continental Europe. Pannovate is a payment technology company targeting Fintech, crypto, and Regtech. The company… Read More

April 2, 2020 @ 8:16 am By Samantha Hurst  |  

UK-based fintech Flux announced on Wednesday it has joined forces with Pleo, a smart payment card issuer to create an “invisible expensing” experience for businesses in the UK. Flux reported that once the service, which will launch in the summer, goes active, it will send… Read More

April 2, 2020 @ 7:22 am By Omar Faridi  |  

Fintech TransferWise has revealed that there are now over 7 million people across the globe that are using the company’s services to move money from one country to another. Founded in 2010 in Estonia, TransferWise now supports over 1,600 different currency routes, helping people save… Read More

April 1, 2020 @ 10:22 pm By Omar Faridi  |  

London-based Standard Chartered, a British multinational banking and financial services company with over $700 billion in total assets, has reportedly committed $1 billion in capital to companies that are helping to address the economic challenges due to the Coronavirus (COVID-19). There are now many companies… Read More

April 1, 2020 @ 2:18 pm By Samantha Hurst  |  

Just a few weeks after launching its business accounts, UK challenger bank Monzo announced the launch of “Monzo Business” for web, which gives users the option to manage their business account on their computer or laptop. As previously reported, Monzo stated it spent the past… Read More

April 1, 2020 @ 9:38 am By JD Alois  |  

Habito, an online platform that streamlines the entire home mortgage process, has topped £4 billion in mortgage submissions, according to a Tweet from the company. Habito is a Proptech firm that was launched in 2016 “to end mortgage hell forever.” You have to love that…. Read More

April 1, 2020 @ 8:58 am By Omar Faridi  |  

Fintech firm Currencycloud, which facilitates international transactions for several large finance apps, has secured $80 million via an investment round backed by payments giant Visa. Headquartered in the UK, Currencycloud’s main business involves selling payment software to banks and Fintech companies, which they use to… Read More