Tagged: uk

January 4, 2020 @ 8:49 am By Omar Faridi  |  

Online app bank Koto Card says it’s preparing to launch in the United Kingdom this month. The digital banking app will let users apply for a free prepaid card and borrow as much as £400 (appr. $523) at one time, while paying 25p per day… Read More

January 3, 2020 @ 9:45 am By JD Alois  |  

Starting on Friday, January 10, 2020, the UK Financial Conduct Authority (FCA) expects all “cryptoasset businesses” (IE VASPs, Digital Asset firms etc.) to be compliant under Anti-money Laundering (AML) and Counter Terrorist Financing (CFT) rules. The FCA is the main securities regulator in the UK… Read More

January 3, 2020 @ 8:01 am By Samantha Hurst  |  

Receipt Bank, a UK-based digital bookkeeping platform, has secured $73 million through its Series C funding round, which was led by Insight Partners, joined by Augmentum Fintech with participation from existing investors Kennet Partners and Canadian Imperial Bank of Commerce (CIBC). As previously reported, Receipt… Read More

January 2, 2020 @ 4:11 pm By Samantha Hurst  |  

Padoq, a UK-based enterprise app platform, is now seeking to raise a minimum of £850,000 through its equity crowdfunding campaign on Seedrs. The company is currently offering 14.65% in equity at a £4,952,400 pre-money valuation. Founded in 2017, Padoq describes itself as a community network… Read More

January 2, 2020 @ 8:55 am By Samantha Hurst  |  

Omnio, a UK-based fintech that offers banking and payment services for businesses, has reportedly secured €15 Million through its latest private placement funding round. The company offered 23,077 shares at a rate of €650 per offer share through the round. Founded in 2018, Omnio claims… Read More

December 31, 2019 @ 9:16 am By JD Alois  |  

The United Kingdom is home to the most robust investment crowdfunding ecosystem in the world. A determined group of innovative entrepreneurs and a collaborative regulatory environment have combined to foster a successful industry of online capital formation that most countries aspire to achieve. While there… Read More

December 30, 2019 @ 6:52 pm By JD Alois  |  

Baanx a banking app, payment platform, and cryptocurrency trading platform, is nearing its £600,000 funding goal on Seedrs. Baanx is looking to sell a 7.1% equity stake in the firm at a pre-money valuation of £7.85 million. To date, Baanx has raised £567,825 from 276… Read More

December 30, 2019 @ 4:23 pm By Samantha Hurst  |  

Magway, a UK-based startup offers a sustainable transport solution that moves goods through small pipes, has secured its initial £750,000 through its equity crowdfunding round on Crowdcube. Founded in 2017, Magway stated it has formulated a e-commerce delivery system that reduces congestion and pollution by… Read More

December 30, 2019 @ 3:10 pm By Samantha Hurst  |  

Nc’nean, a UK-based independent distillery that is on a mission to drive sustainability and innovation in Scotch whiskey, has successfully secured its initial £1 million funding target through its equity crowdfunding campaign on Seedrs. As previously reported, Nc’nean, which comes from Neachneohain’​ the Queen of… Read More

December 30, 2019 @ 11:17 am By Samantha Hurst  |  

UK-based insurtech Wrisk recently announced it has partnered with BMW Group Financial Services to offer MINI Flex Car Insurance. Wrisk reported that now all new MINIs will be sold with three months’ free insurance to eligible car buyers in the UK through the insurance product,… Read More

December 30, 2019 @ 10:20 am By Omar Faridi  |  

London-based TransferWise, a privately-held Fintech firm that allows private individuals and businesses to send money abroad at affordable and transparent rates, reveals that it is now a community of over 6 million users, which transfers an average of £4 billion (appr. $5.25 billion) every month…. Read More

December 30, 2019 @ 7:32 am By Omar Faridi  |  

Digital bank Monzo is reportedly holding discussions with various large investors about potentially raising additional funds. Following its upcoming investment round, the company might become one of the UK’s largest Fintech startups. According to sources on the matter, Monzo is in talks with investors, some… Read More

December 28, 2019 @ 12:14 am By Samantha Hurst  |  

B-North, a UK-based business lending company, has successfully secured nearly £2 million in funding through its Crowdcube campaign. The funding round originally sought to raise £1,750,000 and has attracted more than 365 Crowdcube investors so far.  As previously reported, B-North is on a mission to… Read More

December 27, 2019 @ 1:46 pm By Samantha Hurst  |  

Modular contemporary company nHouse is set to close its latest equity crowdfunding campaign on Seedrs with more than £440,000 in funding secured from over 400 Seedrs investors. The company launched the investment round last month, originally seeking £400,000, and is offering 7.49% in equity at… Read More

December 26, 2019 @ 1:24 pm By Samantha Hurst  |  

Salcombe Distilling Co., a UK-based luxury gin brand, is set to close its equity crowdfunding campaign on Seedrs with more than £1.1 million in funding secured. The campaign, which launched last month, quickly surpassed its initial £800,000 funding target. It has also attracted over 375… Read More

December 24, 2019 @ 12:14 pm By Samantha Hurst  |  

Cowboy, a Belgium-based smart electric bike startup, has raised more than 3.3 million in funding through its equity crowdfunding campaign on Crowdcube so far. The campaign was launched earlier this month and quickly secured its initial £1.2 million funding target.  As previously reported, Cowboy’s is… Read More

December 24, 2019 @ 10:59 am By Samantha Hurst  |  

Thyngs, a UK-based mobile technology platform, has successfully secured its initial £250,000 funding target and is now nearing £355,000 through its latest equity crowdfunding campaign on Seedrs. The funding round comes less than two years after Thyngs raised £301,310 through its Crowdcube campaign. As previously… Read More

December 23, 2019 @ 4:40 pm By Samantha Hurst  |  

Crowdfunded brewery BrewDog will close its latest mini-bond round with more than 3.4 million secured. The round was launched on Crowdcube last month and has attracted more than 1350 investors. As previously reported, the mini-bond notably comes just a few months after BrewDog USA filed… Read More

December 23, 2019 @ 2:58 pm By Samantha Hurst  |  

WorldRemit, a UK based Fintech in the digital money transfer sector, announced on Monday its insights into factors that will affect global mobile money in 2020. The company’s insights revealed the following: Device usage in the developing world will continue to grow, driving access to… Read More

December 23, 2019 @ 2:00 pm By Samantha Hurst  |  

With the new year just around the corner, U.S. fintech Robinhood shared the growth and successes its platform experienced in 2019. The company revealed in a blog post: “As we get ready to close out 2019, first and foremost we want to say thank you… Read More