Tagged: uk

March 26, 2020 @ 12:47 pm By JD Alois  |  

Billon Group has now raised over $16 million with a recent Series A funding round of $6 million. This newest capital investment was led by Billon CEO Wojtek Kostrzewa with participation from FIS, Rising Tide, Mencey Capital, VCF III, existing investors and more. Billon is… Read More

March 26, 2020 @ 11:15 am By JD Alois  |  

Sourced Capital, a platform that facilitates property investment, is out with a note demanding that the UK government extend next month’s ISA deadline. Currently, the deadline is set for the 5th of April. Sourced Capital would like to see it moved to the 1st of… Read More

March 26, 2020 @ 10:08 am By Samantha Hurst  |  

VoxSmart, a UK-based fintech that’s focused on communication surveillance technology for financial markets, announced on Thursday it raised £5.5 million through its latest investment round, from Natwest. Founded in 2006, VoxSmart describes itself as a global telecommunications software provider and that empowers organizers to “unlock… Read More

March 26, 2020 @ 9:21 am By JD Alois  |  

Late last week, the UK’s largest investment crowdfunding platform Crowdcube posted an update based on the impact of COVID-19. Crowdcube said it anticipated that raising capital will now take longer than usual: “… we suggest allowing for longer lead times when considering your next funding… Read More

March 25, 2020 @ 2:20 pm By JD Alois  |  

A digital asset platform that tokenizes various investment offerings is crowdfunding on Seedrs. Smartlands, the first platform to tokenize a real estate offering in the UK, is looking to raise £400,003 at a pre-money valuation of £15.4 million representing a 2.53% stake in the firm…. Read More

March 25, 2020 @ 10:31 am By JD Alois  |  

Fintech Chip has received approval from the Financial Conduct Authority (FCA) as an authorized payment institution. In a release, Chip described the designation as a major milestone with the next step being the introduction of FSCS protected savings accounts. Chip is an app that automatically… Read More

March 25, 2020 @ 8:17 am By JD Alois  |  

Seedrs, a top European securities crowdfunding platform, has issued a statement on new initiatives to aid portfolio companies and investors. Authored by co-founder and Chairman Jeff Lynn, Seedrs says it is keenly aware of the significant challenges caused by the Coronavirus pandemic: “We have a … Read More

March 25, 2020 @ 8:04 am By Omar Faridi  |  

UK-headquartered Fintech Glint Pay Services Ltd. has revealed that there has been a 700% increase in the amount of gold purchased on its platform during the coronavirus (COVID-19) outbreak, and resulting economic uncertainty. The global economic instability has negatively affected the world’s equity markets. Glint… Read More

March 24, 2020 @ 3:50 pm By Samantha Hurst  |  

UK-based online lending platform LendInvest announced its latest update regarding the deferments of BTL payments during the COVID-19 outbreak. According to the online lender, landlords with a LendInvest mortgage who believe they will have genuine difficulties making their payments as a result of the COVID-19… Read More

March 24, 2020 @ 12:14 pm By Samantha Hurst  |  

Tide, an SME challenger bank, recently announced that its CEO, Oliver Prill, has called upon the UK government to do “whatever it takes” to help small businesses in the country during the Coronavirus pandemic. Prill reported that due to the outbreak, he and his team… Read More

March 24, 2020 @ 10:11 am By Samantha Hurst  |  

As the world continues the fight against the coronavirus (COVID-19) outbreak, UK challenger bank Monzo is reassuring its customers that its services are continuing to be safe and secure. According to Monzo, more than 4 million people are already using Monzo to manage their money…. Read More

March 24, 2020 @ 9:59 am By JD Alois  |  

WiseAlpha, a Fintech that operates a digital bond marketplace, has announced a new social media campaign to put financial wellness on the agenda. With the rapid spread of the Coronavirus (COVID-19), money anxiety is at an all-time high. WiseAlpha is “throwing down the gauntlet” demanding… Read More

March 24, 2020 @ 9:40 am By Barry James  |  

It is we, the crowd, who will rebuild the economy after Covid-19. We need the means to do it. The last couple of weeks has revealed who it is that runs the real economy, beyond the glass towers that loom over everything else, imposing their… Read More

March 24, 2020 @ 8:02 am By Omar Faridi  |  

Fintech companies have experienced considerable success and a significant increase in their valuations during the past few years. However, public stock prices are now declining rapidly due to the coronavirus (COVID-19) outbreak, and the resulting panic and economic instability. The private Fintech bubble now seems… Read More

March 23, 2020 @ 5:25 pm By Samantha Hurst  |  

Quin, a UK-based mobile medical app, is set to close its equity crowdfunding campaign on Seedrs with more than £675,000 in funding secured. The campaign attracted over 250 Seedrs investors.  As previously reported, Quin describes itself as a female-founded digital health startup that uses science,… Read More

March 23, 2020 @ 5:02 pm By Samantha Hurst  |  

UnderPinned, a UK-based startup that is building a one-stop solution for freelancers and clients, has successfully secured its initial £500,000 funding target through its equity crowdfunding campaign on Crowdcube. Founded in 2018, UnderPinned describes itself as a platform that supports freelancers from all industries in… Read More

March 23, 2020 @ 7:20 am By Omar Faridi  |  

UK-based Fintech Paysend will be developing various educational programs in order to help its clients learn more about digital money and virtual payments through a series of informative articles, blog posts, and videos. One of the main problems individuals and companies, across the globe, are… Read More

March 22, 2020 @ 10:38 pm By Samantha Hurst  |  

Self-proclaimed Airbnb for boats, Borrow A Boat, is set to close its latest equity crowdfunding campaign on Crowdcube with more than £1.33 million from nearly 445 Crowdcube investors. The campaign was launched last month with a mission to raise a minimum of £1,250,000. The company… Read More

March 22, 2020 @ 5:50 pm By Omar Faridi  |  

Switzerland-based Temenos (SIX: TEMN), a banking software company, has teamed up with ClearBank, a challenger clearing bank (the UK’s first new clearing bank in over 250 years), in order to help local banks access UK’s payment platforms and real-time payment services in the cloud. Clearbank’s… Read More

March 21, 2020 @ 4:30 pm By Omar Faridi  |  

UK-based Fintech firm SumUp has decided to waive the fees charged on its mobile payments platform, allowing retailers to settle transactions remotely through their devices by sharing a link through WhatsApp, SMS messaging, or email. As noted by SumUp’s management, all fees will be waived… Read More