Tagged: uk

October 8, 2019 @ 6:46 am By Omar Faridi  |  

OakNorth, a UK-based digital bank that provides business and property loans to small and medium-sized businesses, announced on October 7 the appointment of Sunil Chandra as CEO of its new credit platform. Chandra, a former VP at Google Inc, helped scale the internet company’s talent… Read More

October 7, 2019 @ 4:19 pm By Samantha Hurst  |  

Tide, a UK-based SME challenger banking, announced on Monday it secured £44.1 million through its Series B funding round, which was led by specialist fintech investment companies, The SBI Group and Augmentum Fintech plc. As previously reported, Tide describes itself as a current account that saves businesses time and… Read More

October 7, 2019 @ 9:32 am By JD Alois  |  

GUNNA, a new soft drinks startup that seeks to challenge established brands with less sugar and more flavor, is crowdfunding on Seedrs. The startups has quickly topped a £500,000 goal and now stands at over £524,000 in overfunding mode. Gunna is raising equity capital at… Read More

October 7, 2019 @ 7:05 am By JD Alois  |  

NatWest reports that the first biometric fingerprint credit cards are entering circulation today. According to the bank, 150 customers have been selected to take part in a three-month national pilot program. The credit card pilot follows an early trial of a debit card earlier in… Read More

October 6, 2019 @ 3:31 pm By Omar Faridi  |  

More than 100 Fintech companies have applied to participate in the UK’s Open Up 2020 Challenge. The firms will be competing to tap into the evolving open banking economy and a chance to win a £1.5 million prize fund. Managed by Nesta Challenges through a… Read More

October 5, 2019 @ 11:19 am By Omar Faridi  |  

Andrew Jenkins, director of UK-based mobility data and analytics firm Arity, has been appointed (on October 4) as the new Fintech envoy for Northern Ireland. The appointment has been made by John Glen, the Economic Secretary to the Treasury. Glen stated: “Fintech is vital to… Read More

October 4, 2019 @ 12:56 pm By JD Alois  |  

SupraFin has signed a strategic agreement with TribulusTech which includes an equity investment and a deal to partner on software development. SupraFin is a Wealthech platform for digital assets. SupraFin was founded by Liliana Reasor who spent 20+ years as an executive at JP Morgan,… Read More

October 4, 2019 @ 8:17 am By Omar Faridi  |  

UK-based Fintech firm Equals Group (LON:EQLS), which provides a travel card to around 1 million users, global payments solutions for companies, and tools to manage finances, has launched its first loan for small- and medium-sized businesses (SMBs) through a partnership with SMB lender iwoca.  Equals… Read More

October 4, 2019 @ 12:18 am By Samantha Hurst  |  

Just days after launching its equity crowdfunding campaign on Crowdcube, online marketplace making car buying carwow is set to close the funding round this weekend with more than £4.6 million secured. Founded in 2013, carwow notably helps customers all through the car searching process. It… Read More

October 3, 2019 @ 9:45 am By Samantha Hurst  |  

Curve, a banking platform that consolidates multiple cards and accounts into one smart card and even smarter app, announced on Thursday it has appointed the former head of Samsung Pay Europe, Nathalie Oestmann, as its new Chief Operating Officer. According to Curve, Oestmann will be responsible… Read More

October 2, 2019 @ 10:01 am By Samantha Hurst  |  

AI-powered automatic savings account mobile app, Chip, is set to close its latest equity crowdfunding campaign on Crowdcube with more than £3.9 million secured. The funding round was launched at the end of September and quickly secured its initial £1 million funding target. Chip is… Read More

October 2, 2019 @ 9:05 am By Samantha Hurst  |  

Creditspring, a UK-based subscription-based loan membership platform, has successfully secured its initial £1.5 funding target through its equity crowdfunding campaign on Seedrs. The funding round was launched in August, with the company offering 13.30% in equity at a £9,780,000 pre-money valuation. As previously reported, Creditspring’s… Read More

October 1, 2019 @ 12:05 pm By Samantha Hurst  |  

Rapyd, a global Fintech-as-a-service provider, announced on Tuesday it secured $100 million through its latest financing round, which was led by Oak HC/FT with participation from Tiger Global, Coatue, General Catalyst, Target Global, Stripe, and Entree Capital. The latest funding round comes just months after Rapyd… Read More

October 1, 2019 @ 10:17 am By Samantha Hurst  |  

Assetz Exchange, a UK-based property crowdfunding platform, has closed its equity crowdfunding on Seedrs with a total of £750,367 raised. The funding round launched earlier this summer and quickly raised its initial £350,000 funding target. Assetz Exchanged offered 4.83% in equity at a £6,902,276 pre-money… Read More

October 1, 2019 @ 8:45 am By JD Alois  |  

Funding Xchange says that borrowing costs for some UK businesses are dropping. Funding Xchange tracks the activity of 40 lenders specialising in small business lending. According to their forthcoming “SME Lending Monitor,” 60% of businesses with a reasonably good credit profile are able to access… Read More

October 1, 2019 @ 8:04 am By JD Alois  |  

European Risk Capital’s transaction pipeline via its “CreditStream” debt program has exceeded £300 million, according to a company release. ERC is an independent finance group that arranges capital for non-bank financial institutions, real estate and more. ERC states that transactions under consideration comprise senior secured… Read More

September 30, 2019 @ 4:10 pm By Omar Faridi  |  

Revolut, a UK-based digital bank and Fintech unicorn, will be hiring around 3500 new staff members, as the company expands its operations into 24 new markets.  Revolut’s expansion plans involve a new global partnership with payments giant Visa Inc, the two companies revealed on September… Read More

September 30, 2019 @ 10:16 am By Samantha Hurst  |  

Genomes.io, a UK-based secure and private DNA data storage and sharing application, has successfully secured its initial £800,000 funding target and is now nearing £900,000 through its recently launched equity crowdfunding campaign on Crowdcube. Founded in 2017, Genomes.io stated it believes individuals should be able… Read More

September 30, 2019 @ 10:04 am By JD Alois  |  

Crowdcube, a leading UK based crowdfunding platform, is out with a note touting the fact they have funded 3 out of 16 (19%) of the UK’s active unicorns. These three companies include BrewDog, Monzo and Revolut. Crowdcube reports that in the past 12 months, the… Read More

September 30, 2019 @ 10:00 am By Samantha Hurst  |  

Anna Money, a UK-based fintech that specializes in SME business banking, is now seeking £3 million through its newly launched equity crowdfunding campaign on Seedrs. The funding round was launched just a little over six months after Anna Money received an £8.5 investment from tech investment firm,… Read More