Tagged: uk

August 15, 2023 @ 10:51 pm By Omar Faridi  |  

From today, TSB is taking applications for fintechs to participate in its third annual TSB Innovation Labs Program – “as the bank and Fintech Scotland encourage a new round of fintech collaboration.” Under the program, winning Fintechs will officially partner “with TSB to offer innovative… Read More

August 15, 2023 @ 8:50 am By Omar Faridi  |  

FOLK2FOLK, which claims to be the UK’s leading peer-to-peer lending platform connecting Investors with regional and rural businesses, is pleased to announce that its dedicated community of Investors “earned £14.2 million in interest during the last tax year (2022/2023).” According to the firm, this achievement… Read More

August 15, 2023 @ 8:45 am By Omar Faridi  |  

Students off to university for the first time this year could be “the first crop of graduates who face repaying their university debts into retirement,” according to PensionBee, an online pension provider. As noted in a blog post by PensionBee, this year’s Freshers will be… Read More

August 15, 2023 @ 8:39 am By Omar Faridi  |  

Aegon UK has announced an extended strategic partnership with Nationwide Building Society. Aegon UK will continue to be the ISA and General Investment Account provider of choice for all Nationwide customers, “with the extended partnership seeing the building society transfer its existing financial planning service… Read More

August 14, 2023 @ 11:44 pm By Omar Faridi  |  

Following a review of fund managers’ value assessments, the UK Financial Conduct Authority (FCA) has found “that while many firms have better practices in place, some still require improvement.” In 2017, the FCA published its Asset Management Market Study, which “found evidence of weak demand-side… Read More

August 14, 2023 @ 12:06 pm By Omar Faridi  |  

Smart Pension, which claims to be one of the UK’s leading workplace pension providers, today announced it is working with Yonder, the all-in-one platform to automate health insurance and retirement benefits for growing teams, “to enable companies and their UK-based employees to easily administer and… Read More

August 13, 2023 @ 2:05 pm By Omar Faridi  |  

Blackfinch Property, the Gloucester-based rapidly growing agile lender to the UK property market, has completed a £4.3m buy-to-let (BTL) refinancing loan “for the completion of a collection of seven modern and energy-efficient homes contained by a gated closed mews in Archway London.” The 24-month deal… Read More

August 12, 2023 @ 4:26 pm By Omar Faridi  |  

Digital investment platform Mnaara has completed a US$500,000 pre-seed round funded by investors from the UK, US, Middle East and Singapore. The investment round will enable Mnaara “to grow its team and continue developing its Shariah-compliant investment solutions catering to the globally underserved mass-affluent market.”… Read More

August 10, 2023 @ 8:40 am By Omar Faridi  |  

Global fintech company SumUp announced that it has entered into a US$100 million credit facility with Victory Park Capital (VPC), a global alternative investment firm specialising in private credit. The credit facility will enable SumUp “to provide advance payments to merchants based in the UK… Read More

August 9, 2023 @ 8:40 am By Omar Faridi  |  

Smart Pension, which claims to be one of the UK’s leading workplace pension providers, has selected Punter Southall’s Pension Potential annuity comparison tool “to help its million-plus members maximise their retirement savings and make informed decisions about researching, comparing and buying annuities.” Smart Pension, which… Read More

August 8, 2023 @ 5:16 pm By JD Alois  |  

UK-based securities crowdfunding platform Seedrs was acquired by Republic in late 2021, with the deal officially closing in late 2022. While the two platforms have cross-listed securities offerings, the combined firm has been slow to promote the ability to tap into both the European and… Read More

August 7, 2023 @ 9:16 am By Omar Faridi  |  

Investment platform Shojin has teamed up with LINUS as well as Reinvest24 in order to expand various real estate opportunities. Shojin, a UK-headquartered FCA-regulated investment platform, has announced its partnership with LINUS Digital Finance, a Berlin-based real estate investment platform, and Reinvest24, an Estonia-based real… Read More

August 7, 2023 @ 2:57 am By Omar Faridi  |  

Dot Investing, which aims to tap into investments for the £75.2tn pool of capital with limited access to fast-evolving private markets, has raised 99% (£744,625.44) of its £750,000 fundraising target (at the time of writing) from 87 investors via its crowdfunding campaign, carried out via Crowdcube,… Read More

August 7, 2023 @ 1:35 am By Omar Faridi  |  

Zinia AI, which says that it empowers organizations to optimize their business decisions with Generative AI platform, has secured 131% (£263,927) of its £200,004 target from 217 investors at the time of writing, through Seedrs, with just 5 days left in the initiative’s ongoing crowdfunding campaign…. Read More

August 6, 2023 @ 12:52 pm By Omar Faridi  |  

Delivering on their growth potential, the London Stock Exchange Group (LSEG) reports strong H1 performance with 2023 revenue growth “expected to be towards the upper end of 6-8% guidance.” David Schwimmer, CEO at LSEG, said: “LSEG delivered strong, broad-based growth in the first half. Data… Read More

August 5, 2023 @ 1:59 pm By Omar Faridi  |  

UK-based digital bank Revolut will reportedly stop US clients from accessing cryptocurrencies. This, according to an official statement from the firm that was issued on Friday (August 4, 2023). Revolut has cited the current US regulatory environment and the overall crypto market uncertainty as the… Read More

August 4, 2023 @ 11:29 am By Omar Faridi  |  

Specialist finance provider Assetz Capital is pleased to announce a recent agreement for a development exit loan in the town of Frome, Somerset. The lender will be “providing financing to support the ground-up development of an impressive scheme comprising 7 townhouses, 2 detached houses, and… Read More

August 4, 2023 @ 7:45 am By Omar Faridi  |  

Orbital, the London, Tallinn and Gibraltar-based traditional finance and crypto payments platform for global enterprises, has raised £5M ($6.4M) in “an oversubscribed growth round led by Golden Record Ventures, at an attractive valuation in which the founders are maintaining a large majority.” Participants in the… Read More

August 4, 2023 @ 6:37 am By JD Alois  |  

Yesterday, the Bank of England increased its benchmark rate by 25 basis points (bps) to 5.25%. The decision was anticipated by markets and follows the recent decision of the US Federal Reserve to increase rates as well. The Banks’ Monetary Policy Committee (MPC) voted 6… Read More

August 3, 2023 @ 10:43 am By JD Alois  |  

While interest rates continue to rise, online property lender LendInvest is bucking the trend with a lower Buy to Let rate starting at 4.54%. According to the company, in a move to boost business and get landlords back in the market, they are offering a… Read More