Tagged: uk

February 17, 2020 @ 1:28 pm By Samantha Hurst  |  

Wombat Invest, a UK-based investment app, has launched a new equity crowdfunding campaign on Seedrs to raise £250,000 at a pre-money valuation of £2.5million. The company is currently offering 9.07% in equity through the funding round. Founded in 2017, the fintech startup allows investors to… Read More

February 17, 2020 @ 10:32 am By Samantha Hurst  |  

Copper.co, a UK-based custodian for digital assets, announced on Monday it has raised $8 million through its Series A funding round to grow globally by expanding its commercial team and launching new products. Institutional investors in this round include international investment firm  Target Global, LocalGlobe, … Read More

February 17, 2020 @ 10:10 am By JD Alois  |  

UK based digital bank Starling Bank is investing in P2P loans originated on the Zopa platform, according to a report in AltFi. The write-up quotes a Starling Bank representative that explained the arrangement: “Starling is in a unique position among neobanks of having a very… Read More

February 17, 2020 @ 8:52 am By Omar Faridi  |  

William Russell, the Lord Mayor of the city of London, noted recently that the UK is planning to support Qatar in becoming a leading financial technology (Fintech) hub in the Middle East. Russell praised the new legislation and regulations being developed by the Qatari government… Read More

February 17, 2020 @ 8:12 am By Samantha Hurst  |  

Propifi, a UK-based peer-to-peer lending platform, announced on Monday the launch fo its new innovative Finance ISA (IFISA) eligible investment opportunity. Propifi revealed that this is the first investment opportunity launched through its P2P platform that is eligible for IFISA investment and will enable individuals… Read More

February 17, 2020 @ 7:42 am By Omar Faridi  |  

The London Stock Exchange Group-backed Fintech firm Nivaura introduced its highly-anticipated product, Aurora, on February 14 to an audience of around 150 financial market professionals including Dealers, Issuers, IPAs, Exchanges, Rating Agencies and CSDs. Avtar Sehra, CEO and chief product architect at Nivaura, noted: “The… Read More

February 14, 2020 @ 12:47 pm By Samantha Hurst  |  

Just a little over a year after raising £1,496,600 in funding through its previous Crowdcube round, the self-proclaimed Airbnb for boats, Borrow A Boat, has returned to the equity crowdfunding platform to raise an additional £1.5 million in funding. The company is currently offering 20.00%… Read More

February 14, 2020 @ 10:17 am By JD Alois  |  

Smartlands, a blockchain based Fintech that lays claim to tokenizing the first real estate offering in the UK, says it will revise and expand its legal framework by basing future projects on Lichtenstein law. Lichtenstein has created digital asset friendly regulation as it attempts to… Read More

February 14, 2020 @ 7:50 am By Samantha Hurst  |  

Standard Chartered, a UK-based multinational banking and financial services company with $688 billion in assets, announced on Thursday it has joined forces with the Imperial College Business School for a new climate risk management partnership.   According to Standard Chartered, the collaboration aims to discover new… Read More

February 14, 2020 @ 5:42 am By Omar Faridi  |  

IHS Markit has confirmed that it has teamed up with Credit Benchmark in order to use the company’s credit risk analytics tools for its securities financing solution, which handles performance measurement and reporting for multinational lending platforms. Mark C. Faulkner, co-founder at Credit Benchmark, noted… Read More

February 13, 2020 @ 3:55 pm By JD Alois  |  

Pod Point, an issuer that raised capital, totaling £3.71 million, multiple times on Crowdcube with offerings in 2015, 2016 and 2017, has been sold to EDF. Without revealing details, Crowdcube reported that early “investors via the platform will see positive returns on the initial investment.”… Read More

February 13, 2020 @ 11:12 am By Samantha Hurst  |  

Following the announcement that N26 was departing the UK after the country left the European Union, digital challenger bank Monzo shared with UK N26 customers the reasons to switch to its banking service. As previously reported, N26 reported that with the UK now having left… Read More

February 13, 2020 @ 8:39 am By Samantha Hurst  |  

Saberr, a UK-based developer of managers and team software, has successfully secured its initial £350,000 equity crowdfunding target on Crowdcube. The campaign has attracted more than 220 Crowdcube investors. Founded in 2013, Saberr build software to help managers get their teams performing at the top… Read More

February 12, 2020 @ 10:52 am By Samantha Hurst  |  

Stake, an Australian-based commission-free trading app for stocks and ETFs, has officially launched its services in the UK. This news comes just weeks after Stake announced its UK beta operations. As previously reported, Stake claims it democratizes global share markets to bring the “world’s largest… Read More

February 12, 2020 @ 2:41 am By JD Alois  |  

Crowdcube, the largest equity crowdfunding platform in Europe, is reporting a record quarter, its 8th in a row, according to a company release. During 2019, Crowdcube reports topping £8 million in revenue for the first time (£8.22 million) as a record 220 were funded versus… Read More

February 12, 2020 @ 12:09 am By JD Alois  |  

In a bit of a shocker, Germany based digital bank N26 has decided to exit the UK market and close all customer accounts apparently due to Brexit. According to a blog post, the Fintech said leaving the UK does not change their global vision to… Read More

February 11, 2020 @ 12:12 pm By Samantha Hurst  |  

Standard Chartered, a UK-based multinational banking and financial services company with $688 billion in assets, announced on Tuesday it is collaborating with Assembly Payments to set up a new joint venture to deliver next-generation payment solutions for the global e-commerce industry.  According to the duo,… Read More

February 11, 2020 @ 11:51 am By Samantha Hurst  |  

Digital-only bank platform N26 announced on Monday it is announcing its departure from the UK following Brexit. N26 reported that with the UK now having left the European Union, it will in due course be unable to operate in the UK with its European banking… Read More

February 11, 2020 @ 6:26 am By JD Alois  |  

Mode Banking, an app-based Fintech that is part of the R8 Group, has formed a partnership with Onfido so users may buy, hold or sell Bitcoin, according to a release. Onfido is a global identity verification provider. Mode described the partnership as “expanding its network… Read More

February 11, 2020 @ 1:36 am By Omar Faridi  |  

Leading UK-based digital bank Revolut has introduced a new Open Banking feature, which will allow users to view their bank accounts from other financial service providers from within the banking challenger’s app. Revolut partnered with financial API developer TrueLayer to allow all of its retail… Read More