Tagged: uk

June 14, 2019 @ 11:19 am By JD Alois  |  

Peer to peer lender Kuflink has reported surpassing £50 million worth of bridging and development loans. Kuflink is a UK based P2P lender serving the property market. All loans are said to be secured by UK property. According to the website, investors may earn up… Read More

June 14, 2019 @ 7:47 am By JD Alois  |  

Money management app Emma has launched in the United States and Canada crossing the Atlantic to offer its services to a far wider audience. The UK based Fintech said the launch comes after partnering with Plaid, an account aggregation platform. Emma is an app that… Read More

June 13, 2019 @ 10:25 pm By Samantha Hurst  |  

Just a little over two years after raising £1.4 million through its fourth equity crowdfunding campaign on Crowdcube, Cauli Rice, under its brand name Fullgreen, has returned to the funding portal to raise a minimum of £600,000. The company is offering 2.78% equity, with a… Read More

June 13, 2019 @ 9:12 pm By Samantha Hurst  |  

Glint, a UK-based fintech that enables physical gold to make instant payments using a debit Mastercard, announce on Thursday it completes £5 million private placement. The private placement comes nearly one year after Glint raised more than £2.1 million through its Crowdcube funding round. As… Read More

June 13, 2019 @ 6:46 am By JD Alois  |  

The UK Peer to Peer Lending Association (P2PFA) is out with their quarterly report of member platforms. According to the Association, P2P lending increased more than £866 million in Q1 taking cumulative lending for the Association’s members to more than £10.5 billion. P2PFA members are… Read More

June 12, 2019 @ 3:46 pm By Samantha Hurst  |  

Intelligent headphone creator Kokoon has successfully secured its initial £1 million equity crowdfunding target on Seedrs. The funding round was launched earlier this spring and has attracted more than 400 investors. Kokoon describes itself as a digital platform helping people better use audio to help… Read More

June 12, 2019 @ 11:56 am By Samantha Hurst  |  

Payment processing brand Klarna announced on Wednesday the expansion of its UK operations with a new office located in Manchester. According to Klarna, the new office will open in Summer 2019 and will be located at the Old Granada Studios, which is a payments and… Read More

June 12, 2019 @ 7:39 am By JD Alois  |  

Mission-driven crowdfunding platform Abundance is now offering an “ethical investment project” offering a 7% return over a 19 month term. The new project is helping build a new social housing project in Liverpool. This is Abundance’s second investment in the social and affordable housing sector,… Read More

June 12, 2019 @ 7:09 am By JD Alois  |  

The UK Competition and Markets Authority (CMA) has cleared the acquisition by PayPal of competitor iZettle. In April, the CMA provisionally found the deal should be cleared. After an initial investigation (Phase 1), CMA raised concerns regarding competition reduction if the acquisition went through. The… Read More

June 12, 2019 @ 1:27 am By Cali Haan  |  

A user of the Reddit forum r/Bitcoin posted a video last week showing British pounds shooting out of a Bitcoin ATM located near London’s Bond Street train station. The video shows a security guard trying to keep nervous spectators away from a cash-filled duffle placed… Read More

June 11, 2019 @ 7:47 am By JD Alois  |  

Peer to peer property lender CrowdProperty has funded its 92nd project. In doing so, CrowdProperty funded its 600th home having lent over £40 million. In total, CrowdProperty pegs the aggregate value of the property at over £100 million CrowdProperty highlights the fact that, to date,… Read More

June 10, 2019 @ 3:48 pm By Samantha Hurst  |  

TokenMarket, a UK-based global investment platform, announced on Monday it has received approval from the FCA to run its Security Token Offering (STO) in the regulatory sandbox. According to TokenMarket, the offering is being conducted under existing UK crowdfunding rules, allow for up to €8 million… Read More

June 10, 2019 @ 12:57 pm By Samantha Hurst  |  

LendInvest, a UK-based online marketplace for mortgages, announced on Monday it has securitized £259 million of UK prime Buy-to-Let mortgage loans in an oversubscribed RMBS transaction. LendInvest claims it is the UK’s first marketplace platform to securitise its own assets and the securitization received an… Read More

June 10, 2019 @ 10:37 am By JD Alois  |  

This is London Tech Week and the city is doing a bit of well-deserved chest pounding touting its innovation cred. In data compiled by London & Partners, the Mayor of London’s inward investment agency, venture capital investment into London is booming. In fact even while… Read More

June 10, 2019 @ 7:49 am By JD Alois  |  

The UK FinTech Alliance has officially launched reporting over 500 companies and individuals have already signed up to join as members. Created in partnership with the Department for International Trade (DIT), the FinTech Alliance seeks to strengthen the UK’s Fintech ecosystem in a single location…. Read More

June 10, 2019 @ 7:17 am By JD Alois  |  

Fintech Paysend has quickly topped its £4.2 million target for a crowdfunding round on Seedrs. Launched on June 6, Paysend benefited from a private offering for pre-registered customers. To date, 217 investors have participated in the round which remains open on Seedrs. The round was… Read More

June 10, 2019 @ 1:03 am By JD Alois  |  

Last week, the UK Financial Conduct Authority (FCA) updated the regulatory regime managing the peer to peer lending industry. Overall, the P2P sector saw more rules that increased oversight including a cap on retail investment. Initial comments regarding the rules have been mixed with some… Read More

June 7, 2019 @ 8:48 pm By Samantha Hurst  |  

UK-based insurtech Wrisk completed its latest equity crowdfunding campaign on Seedrs with a total of £978,682. The funding round was launched earlier this spring, originally seeking £750,000. The startup raised £1 million through its second Seedrs initiative less than a year ago.  As previously reported,… Read More

June 7, 2019 @ 1:22 pm By JD Alois  |  

The FinTech Alliance has announced a partnership with Delio to power funding for startups directly through its platform. The FinTech Alliance was announced by the UK government in April. Officially, the platform kicks off next week at the beginning of London Tech Week. The FinTech… Read More

June 7, 2019 @ 8:21 am By JD Alois  |  

Announced in April by the UK Chancellor of the Exchequer Philip Hammond, the FinTech Alliance will officially launch next week at an event in London. A gathering is scheduled to take place on June 10th at the start of London Tech Week. A private party… Read More