Tagged: uk

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

March 21, 2020 @ 4:14 pm By Omar Faridi  |  

UK-based Fintech firm Finastra has reportedly taken some of its servers offline after discovering “potentially anomalous activity” on its computer systems. To quote a statement from Finastra: “During the period immediately prior to March 20th, 2020, the Finastra IT security and risk teams actively detected,… Read More

March 21, 2020 @ 10:20 am By JD Alois  |  

International money transfer company WorldRemit has partnered with Paykii to launch na international bill payments service using WorldRemit’s app. Recently, WorldRemit has announced several material partnerships including with Varo Money in the US, a digital bank, and Alipay – part of Ant Financial in China…. Read More

March 20, 2020 @ 10:37 pm By Samantha Hurst  |  

Marketplace lending company Funding Circle (LSE: FCH) announced on Thursday that despite the outbreak of COVID-19, it is reassuring investors that it is taking appropriate measures to respond to the situation and give them details on the various issues that are currently going on through… Read More

March 20, 2020 @ 9:50 pm By Samantha Hurst  |  

UK-based online lending platform LendInvest released more information about its operations during the COVID-19 outbreak. The online lender reported it has been monitoring the ongoing pandemic and so far it has not affected the its lending services. “All of our London-based staff are working remotely…. Read More

March 20, 2020 @ 11:08 am By Samantha Hurst  |  

Challenger bank Tandem recently announced the launch of its new AI system, Ada. According to Tandem, Ada is a self-learning platform that is designed to deliver insights to add value to the baning group customers’ lives. “We have lots of information about our customers, about… Read More

March 20, 2020 @ 10:53 am By Samantha Hurst  |  

The GP Service, an online service dedicated to helping patients see their doctor online at their own convenience, has successfully surpassed its initial £750,000 equity crowdfunding target on Crowdcube. Founded in 2014, The GP Service is a provider of online services for general medical consultations… Read More

March 20, 2020 @ 9:49 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) has published new guidance for mortgage lenders and administrators and small business lenders. The guidance is in support of programs outlined by the Chancellor earlier this week. Under the plan, borrowers will be able to receive certain relief during… Read More

March 20, 2020 @ 9:17 am By JD Alois  |  

Property finance platform LendInvest has completed its second securitization that was said to be oversubscribed during a time of intense volatility. LendInvest said that it securitized £285 million of prime buy to let (BTL) loans – 9 months after its first securitization. The first securitization… Read More