Tagged: uk

March 16, 2020 @ 8:10 am By JD Alois  |  

Crowdcube, a leading securities crowdfunding platform, has formed a new partnership with Episode 1, a fund that has backed companies like carwow, Shazama, and Zoopla. According to Crowdcube, certain offerings listed on its platform will be led by Episode 1. Issuers seeking to qualify must… Read More

March 16, 2020 @ 7:28 am By Omar Faridi  |  

Fintech unicorn Revolut is now allowing its Premium and Metal customers to purchase and sell gold from directly within its app. Gold has recently risen in price as investors have sought safe havens from the COVID-19 driven market crash. The app’s users can get exposure… Read More

March 15, 2020 @ 3:13 pm By Omar Faridi  |  

An increasing number of UK Fintech firms are establishing operations in Doha, the capital city of the Middle Eastern country of Qatar. Financial technology companies are setting up their businesses in the country after it introduced progressive investment laws and regulations, according to an official… Read More

March 14, 2020 @ 3:39 pm By JD Alois  |  

Assetz Capital has received £15 million in funding from British Business Investments (BBI). According to Assetz Capital, this is the first time a property-focused marketplace has received funding from BBI, a subsidiary of the British Business Bank. Assetz Capital states that the funding will support… Read More

March 13, 2020 @ 3:44 pm By Omar Faridi  |  

The overall demand for IT workers in the UK’s Fintech industry has been increasing steadily, despite the political and economic uncertainty in the country. There has been a 5.9% yearly growth in the number of financial technology jobs in the UK. This, according to the… Read More

March 13, 2020 @ 2:36 pm By Samantha Hurst  |  

Wombat Invest, a UK-based investment app, announced earlier this week it now has more than 12,500 users on its platform. This news comes just after the company secured its initial £250,000 funding target on equity crowdfunding platform Seedrs.  As previously reported, Wombat Invest offers investors… Read More

March 13, 2020 @ 2:16 pm By Omar Faridi  |  

The ongoing competition between traditional banks and innovative Fintech firms might be coming to an end or is already over, according to Barclays, a British multinational investment bank and financial services company with over $1.2 trillion in assets. A recent report from the London-headquartered investment… Read More

March 13, 2020 @ 12:55 pm By JD Alois  |  

Innovate Finance has decided to cancel its annual event, IFGS, the flagship event of UK Fintech Week. IFGS was scheduled to take place on April 20-21 at Guildhall, London. Innovate Finance joins a growing list of events and conferences that have been canceled or postponed due… Read More

March 13, 2020 @ 11:36 am By Andrew Mitchell  |  

It is fair to say that Brexit dominated headlines in the final few years of the 2010s. After the UK made the historic decision to forge its own future outside of the European Union [EU], many people and businesses were naturally concerned as to what… Read More

March 13, 2020 @ 8:20 am By JD Alois  |  

Starling Bank, a digital-only bank, has been voted ‘Best British Bank’ for a third consecutive year at the British Bank Awards. Other Fintechs were on the list too. Revolut, another digital bank, was recognized as the “Innovation of the Year.” Monzo was noted as offering… Read More

March 13, 2020 @ 8:03 am By Omar Faridi  |  

The Bank of England (BoE), the UK’s reserve bank, has released a discussion paper on virtual currencies. The BoE’s 57-page research document includes an illustrative model of central bank digital currencies, or CBDCs, which could be developed to store monetary value and settle payments by… Read More

March 12, 2020 @ 10:28 pm By Samantha Hurst  |  

the Bike Club, a UK-based platform that offers pay monthly kids bikes that are exchanged as children grow up, is set to close its equity crowdfunding campaign on Crowdcube with more than £550,000 in funding from over 300 investors.  As previously reported, the Bike Club… Read More

March 12, 2020 @ 8:18 am By Samantha Hurst  |  

Paysafe Group, a global payments provider, announced on Thursday it has expanded its strategic partnership with Mastercard. Paysafe reported that the new agreement was designed to support its growth and card acceptance in the European Economic Area (EEA) with a particular focus on Paysafe’s card… Read More

March 12, 2020 @ 7:09 am By Omar Faridi  |  

London-based Salary Finance, a company that specializes in salary-linked savings and loans for workers across the UK, has reportedly acquired Neyber, a Goldman Sachs-backed competitor.  Neyber was founded in 2016 by former Goldman Sachs employees Martin Ijaha and Monica Kalia and joined by former Credit… Read More

March 11, 2020 @ 8:41 pm By JD Alois  |  

TrueLayer and Stake have formed a partnership to speed up the transfer of money in the brokerage market.  Customers of Stake, a brokerage app, can now use “Payments Initiation” to transfer money to quickly make investments. The arrangement is said to be one of the… Read More

March 11, 2020 @ 3:48 pm By JD Alois  |  

Earlier today, the Chancellor of the Exchequer Rishi Sunak delivered a speech outlining the UK Budget for 2020. A portion of the speech outlined the Government’s policy moves to mitigate the impact of the Coronavirus – an unexpected exogenous shock to the economy that could… Read More

March 11, 2020 @ 3:21 pm By Samantha Hurst  |  

UK banking group Barclays announced on Wednesday its customers may now securely make payments from current accounts held with other banks from within the Barclays mobile app. This kind of feature will allow customers to take care of their money management all within one place…. Read More

March 11, 2020 @ 3:21 pm By Samantha Hurst  |  

Less than two years after securing £421,400 through its second Seedrs campaign, Japanese-inspired food brand, Miso Tasty has returned to the equity crowdfunding platform with a mission to raise £350,000 in funding. The company is currently offering 12.46% in equity at a £2,037,500 pre-money valuation… Read More

March 11, 2020 @ 2:52 pm By JD Alois  |  

Chancellor of the Exchequer Rishi Sunak delivered the annual budget today in a speech at the House of Commons. Sunak only recently stepped into the key government role this past February, inheriting an exceptionally challenging task in a world where the Coronavirus, or Covid-19, has… Read More

March 11, 2020 @ 10:55 am By Omar Faridi  |  

A leading financial trading technology firm has shifted its business operations from its New York head offices to London. Established in 2011 by three Russian businessmen, TradingView has become the largest online community of private investors in the world, with reportedly more than 10 million… Read More