Tagged: uk

December 4, 2019 @ 12:09 pm By Omar Faridi  |  

UK-based Fronted, a new company that plans to make renting easier for people, is preparing to launch in 2020 with a Fintech product that has been designed to help renters finance their deposits. The company, called Fronted, has been established by Jamie Campbell, former commercial… Read More

December 4, 2019 @ 8:33 am By JD Alois  |  

Following a trial of a biometric card announced in October, NatWest has announced an expansion of the program with its “biometric payment fob.” The bank is launching today a three-month national trial involving 250 customers. Users may make payments up to £100 without a bank card… Read More

December 4, 2019 @ 8:11 am By Samantha Hurst  |  

Less than two weeks after launching its latest equity crowdfunding campaign on Seedrs, European automated saving and crowd investing marketplace Oval Money is set to close the funding round with more than £1.2 million raised. The company, which secured £626,310 through its Crowdcube campaign in… Read More

December 3, 2019 @ 11:20 am By Samantha Hurst  |  

DryGro, a UK-based agriculture startup that has developed new technology to grow food in dry places, has successfully secured its initial £980,000 funding target through its equity crowdfunding campaign on Seedrs. The company is offering 8.24% in equity through the funding round at a £10,918,936… Read More

December 3, 2019 @ 10:53 am By JD Alois  |  

Peer to peer lending platform Zopa raised £140 million, the company’s largest funding round since launch. According to a note from Zopa, the additional capital will enable Zopa’s banking entity to “fulfill its regulatory capital requirements.” This is key to removing its current restrictions on… Read More

December 3, 2019 @ 7:36 am By Omar Faridi  |  

UK-headquartered Hastee, an on-demand wages app, revealed on December 2 that it finalized  a $270 million round consisting of equity and debt financing. Umbra Capital, a newly launched modern merchant bank that makes investments in the UK’s SMEs, led the equity portion of the investment… Read More

December 2, 2019 @ 1:01 pm By Omar Faridi  |  

Financial Conduct Authority (FCA) regulated e-money institution (EMI), Financial House, has teamed up with ONPEX, an established provider of multi-currency IBAN accounts. The partnership is aimed at enabling the EMI to provide international transaction banking services to its client base. UK-headquartered Financial House offers software-as-a-service… Read More

December 2, 2019 @ 7:23 am By Samantha Hurst  |  

UK-based digital banking group Monzo recently announced it is offering Google Pay options for users as they wait for their debit card replacements. The new option will allow users to continue using their Monzo services until their card arrives. “When you lose your Monzo card… Read More

December 2, 2019 @ 7:11 am By Samantha Hurst  |  

Baanx, a mobile digital banking app, payments engine, and cryptocurrency platform, has launched an equity crowdfunding campaign on Seedrs to raise £600,000 in funding. Launched in 2018, the company reported that it is looking for real change in the Digital Banking and Cryptocurrency sector. “In short,… Read More

December 1, 2019 @ 6:32 pm By Omar Faridi  |  

UK-based National Westminster Bank (NatWest), a major retail and commercial bank, is teaming up with Moneypenny in order to support the UK’s small businesses. Moneypenny will be offering free trials and special discounts on their services to business owners that are participating in NatWest’s Accelerator… Read More

December 1, 2019 @ 9:36 am By JD Alois  |  

Oval Money, an App that seeks to provide money management services to European users, is raising capital on Seedrs. The offering is in overfunding mode as it has already topped its £1 million goal of selling an equity stake of 2.05% at a pre-money valuation… Read More

December 1, 2019 @ 9:12 am By JD Alois  |  

Mark Carney, the Governor of the Bank of England, has been appointed as the United Nations Special Envoy for Climate Action and Finance. As part of this role, Carney will support the Secretary-General’s climate strategy by galvanizing climate action and transforming climate finance, according to… Read More

November 30, 2019 @ 12:31 pm By JD Alois  |  

Decimal Factor has topped its £850,000 crowdfunding goal on Seedrs. The Fintech is offering a 4.76% equity stake at a pre-money valuation of £17 million and has now inched into over-funding mode. So far, 88 investors have backed the firm representing an average investment of… Read More

November 28, 2019 @ 11:19 pm By Samantha Hurst  |  

Salcombe Distilling Co., a UK-based luxury gin brand, is now seeking £800,000 through its equity crowdfunding campaign on Seedrs. The company is offering 4.55% in equity at a £16,775,440 pre-money valuation. Launched in 2016, Salcombe stated that its gin is handcrafted “Salcombe Distilling Co. produces… Read More

November 28, 2019 @ 12:19 pm By JD Alois  |  

Digital bank Revolut is now offering direct debits for UK accounts. Customers with UK accounts may now set up GBP direct debits to pay for items such as club memberships or utility fees. Revolut adds that customers will be safeguarded against certain types of fraud… Read More

November 28, 2019 @ 12:09 pm By JD Alois  |  

LendInvest, the Fintech marketplace for property finance, has promoted Andy Virgo from Business Development Manager to Head of Key Accounts for LendInvest. In this new role, he will be championing the day to day relationship management of LendInvest’s distribution network, including Mortgage Clubs and Networks. … Read More

November 27, 2019 @ 11:31 am By Samantha Hurst  |  

Just weeks after launching its latest mini bond on equity crowdfunding portal Crowdcube, BrewDog has attracted more than £2 million in funding from over 950 of the investment platform’s investors. As previously reported, BrewDog has raised more than £69 million through its “Equity for Punks”… Read More

November 26, 2019 @ 3:34 pm By Omar Faridi  |  

Rerbium, a platform that assists individuals in managing their wealth, recently introduced its waitlist for the United Kingdom. The company says its platform will go live during the first half of next year. Rerbium’s management notes that the company’s platform connects many different investment-focused Fintech… Read More

November 26, 2019 @ 8:32 am By JD Alois  |  

The UK Financial Conduct Authority (FCA)  will ban the mass marketing of “speculative mini-bonds” to retail investors beginning January 1, 2020. The FCA is banning these mini-bond promotions without a consultation by using its “product intervention powers.” The ban will be in place for 12… Read More

November 26, 2019 @ 8:05 am By JD Alois  |  

Challenger bank Tandem has partnered with TrueLayer in a move to better connect Tandem’s 800,000+ customers to synchronize their accounts to both High Street and other challenger banks. Truelayer is described as Europe’s leading provider of financial APIs. The integration supports all major European banks… Read More