Tagged: uk

June 22, 2019 @ 8:30 am By Cali Haan  |  

Bank of England Governor Mark Carney told colleagues at the Lord Mayor’s Banquet for Bankers and Merchants of London June 20th that DLT (distributed ledger technology, also known as “blockchain”) used for financial settlements could save, “….billions of pounds in capital and liquidity that can be… Read More

June 21, 2019 @ 2:37 pm By Samantha Hurst  |  

Just days after launching its latest equity crowdfunding round on Crowdcube, Cauli Rice, under its brand name Fullgreen, has successfully secured its initial £600,000 from more than 275 investors. The company is now offering 2.83% equity with a pre-valuation of £21 million. As previously reported,… Read More

June 20, 2019 @ 9:52 pm By Samantha Hurst  |  

UK-based fintech firm Nutmeg has launched an equity crowdfunding campaign on Crowdcube. The funding round quickly secured its £1 million funding target and has now nearing £2.6 million from over 1000 investors. Nutmeg claims to be the UK’s first online “discretionary investment management company.” The… Read More

June 20, 2019 @ 9:35 pm By Samantha Hurst  |  

Less than two years after raising £2,520,439 through its previous Seedrs round, CommunterClub has launched a new equity crowdfunding campaign and surpassed its initial £1,850,000 funding target. The company is currently offering 10.92% equity with a £15,089,864 pre-round valuation. As previously reported, the company was… Read More

June 20, 2019 @ 1:02 pm By JD Alois  |  

The Bank of England has published a report entitled, “Future of Finance: Review on the Outlook for the UK Financial System: What it means for the Bank of England.” The report is authored by Huw van Steenis. According to the document, van Steenis’ mission was… Read More

June 20, 2019 @ 9:17 am By JD Alois  |  

SupraFin, described as the first automated investment management platform for cryptocurrencies / digital assets, will be crowdfunding soon. SupraFin utilizes bespoke algorithms and trading models designed to give individuals the upper hand in the volatile crypto market. According to an email from SupraFin, the company… Read More

June 20, 2019 @ 9:05 am By Samantha Hurst  |  

UK challenger bank Monzo addressed recent issues concerning its bank transfer services. The digital banking platform reported that on May 30th, around a quarter of bank transfers into Monzo accounts were failing or delayed by several hours and bank transfers from the Monzo accounts were… Read More

June 20, 2019 @ 8:14 am By JD Alois  |  

UK based Smartlands has joined the European Crowdfunding Network (ECN). Smartlands is a blockchain based crowdfunding platform that tokenizes real estate investments. Earlier this month, Smartlands announced their first tokenized property investment while staking claim to being the first platform in the UK to accomplish… Read More

June 18, 2019 @ 4:28 pm By Samantha Hurst  |  

CreditLadder, a UK-based rental data provider, is now seeking £600,000 through its equity crowdfunding round on Seedrs. Launched in 2016, CreditLadder claims to be the first and biggest private rental data reporter in the UK with backing from HM Treasury. Through its platform, Tenants may use… Read More

June 18, 2019 @ 1:37 pm By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) has filed a civil enforcement action against UK based defendants Control-Finance Limited, a Bitcoin trading and investment company, and principal, Benjamin Reynolds.  According to the CFTC, the defendants are  charged with “exploiting public enthusiasm for Bitcoin by fraudulently obtaining… Read More

June 18, 2019 @ 11:11 am By JD Alois  |  

UK-based Insurtech Zego has closed on a $42 million Series B funding round which is said to be the largest ever for a European based Insurtech startup. In total, Zego has now raised $51 million. Zego says its company has grown over 900% in the… Read More

June 18, 2019 @ 8:20 am By Samantha Hurst  |  

Less than two weeks after launching its equity crowdfunding campaign on Crowdcube, Gozney, a British manufacturer of professional wood and gas stone ovens, has not only surpassed its initial £500,000, it has also raised more than £1.2 million in funding from nearly 475 investors. The… Read More

June 17, 2019 @ 10:13 pm By Cali Haan  |  

Alex Sobel, Labour and Cooperative MP for Northern English district of Leeds North West, has called Bitcoin, “…a right-wing nightmare which facilitates tax evasion, money laundering and environmental degradation.” He has also warned that, “…the Left has continuously failed to engage with questions of finance,… Read More

June 17, 2019 @ 1:01 pm By JD Alois  |  

The Vice Premier of China, Hu Chunnhua, is visiting UK government officials this week. As part of the tour, the UK government has announced a series of deals designed to boost trade with China including financial services. The new business deals were agreed to by… Read More

June 17, 2019 @ 11:16 am By JD Alois  |  

Paysend, an FCA regulated payments platform, has officially launched its anticipated stablecoin. The Pays XDR stablecoin is backed by a basket of five fiat currencies including the US Dollar, Euro, Yen, Chinese Yuan and Pound Sterling. The stablecoin is using the Stellar blockchain and is… Read More

June 17, 2019 @ 9:15 am By Samantha Hurst  |  

Stashbee, UK-based marketplace for space and storage, has returned to equity crowdfunding platform Seedrs to raise £1.6 million, which has already been secured from more than 250 investors. This new funding round comes just one year after Stashbee secured £908,971 through its first crowdfunding campaign…. Read More

June 16, 2019 @ 10:45 pm By Samantha Hurst  |  

Just a little over a week after launching its equity crowdfunding campaign on Seedrs, UK fintech Paysend is now nearing £4.4 million in funding from more than 530 investors. The funding round originally sought to raise £4.2 million, which was secured in three days. Founded… Read More

June 14, 2019 @ 10:23 pm By Samantha Hurst  |  

Augmentum Fintech plc (LSE: AUGM) announced this week it has invested  £8.5 million across three companies that are in its portfolio. Founded in 2018, Augmentum Fintech claims to be one of Europe’ leading venture capital investors that is focused on the fintech sector. The company… Read More

June 14, 2019 @ 3:24 pm By Samantha Hurst  |  

Money Dashboard, a UK-based online personal financial management service, is set to close its equity crowdfunding campaign on Crowdcube with more than £3.7 million. Originally seeking £1.5 million, the funding round attracted more than 3300 investors. As previously reported, Money Dashboard’s app empowers over 100,000… Read More

June 14, 2019 @ 12:42 pm By JD Alois  |  

Monax is a blockchain based platform that seeks to lead the sector regarding “digital legal infrastructure.” While finance may be the immediate focus for much of the blockchain industry, other early-stage firms are using the tech to improve a diverse sector of businesses. Edinburgh-based Monax… Read More