Tagged: uk

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

September 4, 2019 @ 4:01 pm By Samantha Hurst  |  

Railsbank, a UK-based banking group, announced on Wednesday it raised $10 million through its Series A funding round, which was led by Moneta Capital with participation from CreditEase, Clocktower Technology Ventures, Singapore Life, and Firestartr. Founded in 2015, Railsbank describes itself as an open banking… Read More

September 4, 2019 @ 12:01 am By JD Alois  |  

The Cambridge Centre for Alternative Finance (CCAF) has published its first “Global RegTech Benchmarking Report,” sponsored by EY Japan. According to the research, the Regtech industry has topped $5 billion in revenue in 2018 following a five-year surge in startup activity. CCAF reports that, while… Read More

September 3, 2019 @ 3:25 pm By Samantha Hurst  |  

UK-based peer-to-peer lender RateSetter announced on Tuesday the launch of its new investment products. The lending platform reported that its goal is to deliver the most consistent returns and the most liquid investment in peer-to-peer investing. RateSetter noted that its delivery of consistent returns is… Read More

September 3, 2019 @ 12:11 pm By Samantha Hurst  |  

Less than a month after launching its equity crowdfunding campaign on Seedrs, Kingston’s professional football club AFC Wimbledon has successfully secured its initial £2 million funding target from more than 3,600 investors. The initiative made its debut with a mission to raise the funds for… Read More

September 3, 2019 @ 10:58 am By Samantha Hurst  |  

Standard Chartered announced on Tuesday it has formed a strategic agreement with Traydstream to introduce its digital trade document matching services to the Bank’s clients, which is claimed to deliver increased efficiency and transparency to document trade processing and improving the trade finance experience for… Read More

September 3, 2019 @ 9:13 am By JD Alois  |  

Curve, a UK based Fintech crowdfunding on Crowdcube, is killing it, according to a note from the company. Curve now claims to be the fastest startup to top £4 million ever crowdfunding on Crowdcube topping the amount in “just minutes” after opening up the offer…. Read More

September 3, 2019 @ 8:34 am By JD Alois  |  

LendInvest, a marketplace for property finance, has announced rate reductions for their products as well as a “cashback” program for legal fees. According to a release from the platform, LendInvest will now contribute up to  £750 for legal fees on “select LTVs.” Buy to Let… Read More