Tagged: uk

September 14, 2019 @ 9:23 am By Cali Haan  |  

Police from London’s Intellectual Property Crime Unit (PIPCU) have arrested a 19-year-old man they believe stole unreleased songs from the websites and cloud-storage accounts of “world-famous artists” and then sold the music for cryptocurrency. The release does not state where the music was sold nor… Read More

September 13, 2019 @ 2:43 pm By Samantha Hurst  |  

Gendius, a UK-based diabetes research company, is set to close its equity crowdfunding campaign on Crowdcube with more than £475,000 in funding from nearly 385 investors. The campaign was launched earlier this summer and quickly raised its initial £400,000 funding target. As previously reported, Gendius… Read More

September 13, 2019 @ 10:30 am By Cali Haan  |  

Coinbase UK has settled a lawsuit with the CEO of Alphabit regarding Coinbase’s alleged handling of Bitcoins worth almost $1 million USD that were allegedly stolen from Alphabit by hackers in July, Law 360 reports. Alphabit is UK-based “crypto-asset investment company” that claims to manage… Read More

September 13, 2019 @ 9:54 am By Omar Faridi  |  

Hong Kong-based fundraising platform BnkToTheFuture is planning to facilitate security token offerings (STOs). The move will be facilitated by a strategic investment in Diacle. Founded in 2013, Diacle is an appointed representative of Met Facilities LLP, which is authorised and regulated by the UK Financial… Read More

September 12, 2019 @ 12:39 pm By JD Alois  |  

Arival Bank, a digital-only challenger bank, has closed its crowdfunded bridge round (preferred equity) on SeedInvest-Crowdcube. Arival is the creation of a VC firm based in Singapore that claims 20 investments & multiple exits. The securities offering was a cross-Atlantic crowdfunding offering via the two… Read More

September 12, 2019 @ 8:50 am By Samantha Hurst  |  

UK-based tech-enabled beauty business blow LTD has closed its latest equity crowdfunding round on Seedrs with a total of £1,930,470 in funding secured. The campaign was launched last month, originally seeking £1.5 million. blow LTD previously raised £1.35 million through its other crowdfunding campaign on… Read More

September 12, 2019 @ 7:52 am By JD Alois  |  

Leading UK Fintech and online mortgage provider LendInvest has joined MCI Mortgage Club’s lender panel. The move was said to be driven by the desire to offer the company’s Buy-to-Let mortgage products to a wider audience of brokers. Mortgage Club members will now have access… Read More

September 12, 2019 @ 7:30 am By JD Alois  |  

Innovate Finance, an advocacy association for the development and support of the UK Fintech industry, has published a report on Brexit and the impact it may have on UK based Fintechs. According to the report, 55% of Fintechs feel well prepared for Brexit but that… Read More

September 11, 2019 @ 1:20 pm By Samantha Hurst  |  

UK-based investment services Smarterly completed its equity crowdfunding campaign on Seedrs with a total of £2,575,103 secured. The funding round was launched earlier this summer, originally seeking £2 million. Smarterly is on a mission to turn the UK into a nation of investors, by promoting the… Read More

September 10, 2019 @ 8:31 am By JD Alois  |  

Revolut has decided to withdraw its application for an e-Money license in Luxembourg, according to a report in the Telegraph. The application was originally filed in September of 2018. Revolut was said to make the decision following the approval of two financial services licenses from… Read More

September 10, 2019 @ 7:54 am By JD Alois  |  

Starling Bank, a digital-only challenger bank, has added two new partners to its marketplace feature. According to a note from the bank, Starling is now offering access to SME Insurtech Digital Risks and cybersecurity platform CyberSmart. Both services are available to customers of Starling Bank… Read More

September 9, 2019 @ 3:45 pm By Samantha Hurst  |  

Sonovate, a UK-based fintech provider, announced on Monday it raised £110 million through its latest debt and equity financing round, which was led by M&G Investments, MXB Holdings Inc, Dawn Capital, and Rocket Internet SE. Founded in 2012, Sonovate reported it has created an end-to-end… Read More

September 9, 2019 @ 8:53 am By Samantha Hurst  |  

PrimaryBid, an online funding platform that enables investors to gain access to placings of AIM-listed companies, reportedly secured £7 million through its latest investment round, which was led by Pentech and Outward VC.  Founded in 2012, PrimaryBid describes itself as a platform that allows private… Read More

September 9, 2019 @ 8:33 am By JD Alois  |  

UK based a hedge fund, Nickel Asset Management, is reporting the first digital assets arbitrage strategy fund run by a UK FCA-regulated manager. The Nickel Arbitrage Fund will apply market-neutral, low-latency algorithmic trading to crypto securities, according to a release. Nickel states that within 2… Read More

September 6, 2019 @ 2:02 pm By Samantha Hurst  |  

Inadash, a UK-based property renting platform, has successfully secured its initial 350,000 funding target on equity crowdfunding platform Seedrs. Founded in 2016, Inadash claims to be the fastest-growing property app in London and is on a mission to build an “innovative way” for people to… Read More

September 6, 2019 @ 11:52 am By JD Alois  |  

The Department for International Trade (DIT) is seeking applications from the UK Regtech sector to participate in a Regtech Mission to New York. The DIT Mission is scheduled to take place from November 13 to 15th. DIT states that the Mission offers UK firms the… Read More

September 6, 2019 @ 10:43 am By JD Alois  |  

This past June, Smartlands announced the first UK property to be tokenized and offered to investors. The crowdfunding platform now reports that the project has closed fully funded. The student accommodation in the UK sought £1 million for a 30% equity stake in a property… Read More

September 6, 2019 @ 8:32 am By Samantha Hurst  |  

Payment processing platform Klarna announced on Thursday it has expanded its existing partnership with online fashion platform boohoo group to include both the US and UK. Klarna reported that US online shoppers at boohoo group’s four brands, which are boohoo, boohooMAN, PrettyLittleThing and Nasty Gal,… Read More

September 5, 2019 @ 8:30 am By JD Alois  |  

Fintech Curve knocked it out of the park this week in an investment crowdfunding round that crushed multiple records on the Crowdcube platform. In brief, Curve raised £6 million (about $7.4 million) in less than one day. Crowdcube reports that many of the prior records… Read More

September 5, 2019 @ 8:26 am By Samantha Hurst  |  

UK-based insurtech AkinovA announced on Thursday it is teaming up with OpenFin to adopt OpenFin’s services for the deployment of its trading platform for the risk transfer value chain. According to AkinovA, the integration will allow users to access the AkinovA marketplace with an interface… Read More