Tagged: uk

May 20, 2019 @ 12:16 pm By Samantha Hurst  |  

Modulr, a Payments as a Service API Platform for digital businesses, announced on Monday it secured £14 million through its latest investment round, which was led by new investors Frog Capital as well as further investment from existing investors including Blenheim Chalcot. Founded in 2015,… Read More

May 20, 2019 @ 11:39 am By JD Alois  |  

The UK Economic Secretary to the Treasury, John Glen, delivered a speech today during CityWeek 2019. In his presentation, Glen spoke about the robust strength of the UK economy even while Brexit questions remain. Glen noted that unemployment is down, wages up, inflation is steady…. Read More

May 20, 2019 @ 11:04 am By Samantha Hurst  |  

Flexible wage app, Wagestream, announced on Monday it has hit its £40 million milestone following its latest investment round, which raised £15 million and was co-led by early-stage venture capital specialists Balderton and Northzone. Founded in 2018, Wagestream allows employees to have the power to… Read More

May 20, 2019 @ 7:46 am By JD Alois  |  

Koine has acquired Recruitable Ltd (trading as hireabl) – a Fintech described as a pre-launch platform for automated client on-boarding. Jason Mochine, formerly CEO at hireabl, will now become Head of Sales at Koine. Koine is a firm engaged in the settlement and custody of… Read More

May 19, 2019 @ 9:53 pm By Samantha Hurst  |  

Digital wealth management platform MarketsFlow is set to close its latest equity crowdfunding campaign on Crowdcube with nearly £775,000 in funding from 450 investors. The funding round was launched last month, originally seeking a minimum of £700,000. As previously reported, MarketsFlow is described as a… Read More

May 19, 2019 @ 9:39 pm By Samantha Hurst  |  

Just days after launching its latest equity crowdfunding campaign on Seedrs,  The Cheeky Panda, a 100% ultra sustainable, low carbon, bamboo tissue product brand, closed the funding round after securing a grand total of £1,420,744. The campaign originally sought to raise a minimum of £750,000…. Read More

May 18, 2019 @ 11:30 am By JD Alois  |  

The Certua Group, a deep data company targeting financial services, has acquired Insurtech the Surely Group. Surely provides a cloud-based, multi-lingual and multi-currency Software-as-a-Service (SaaS) product that allows a user to obtain a quote for an insurance product, buy the product and manage the product… Read More

May 18, 2019 @ 10:43 am By JD Alois  |  

Digital bank Revolut has grand plans to expand its services around the world. Based in the UK, the Fintech now serves over 4 million customers in the European Economic Area (EEA), Switzerland, and Australia. A Fintech Unicorn, Revolut has not been shy about its intent… Read More

May 17, 2019 @ 11:17 am By Samantha Hurst  |  

UK-based digital banking platform Starling Bank recently celebrated its second anniversary. Founded in 2014 and officially launched in 2017, Starling Bank describes itself as a UK mobile-only bank that offers personal, joint, and business accounts. The app allows users to “take the stress out” of… Read More

May 17, 2019 @ 2:03 am By JD Alois  |  

Swarm, an infrastructure provider for the issuance and trading of digital assets, has decided to use Copper as its preferred digital asset custodian. In a release, Swarm said the integration of Copper’s solution will provide the institutional grade security fundamental to the mass market trading… Read More

May 16, 2019 @ 8:21 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) has long pursued and promoted beneficial Fintech innovation. One very important, and perhaps underappreciated subcategory of Fintech is Regtech or regulation technology. While some jurisdictions have been slow to research the potential for digital regulation and compliance, the FCA… Read More

May 15, 2019 @ 5:35 am By JD Alois  |  

FintechOS, an early stage company that seeks to accelerate the digital transformation of financial institutions, has raised €1.1 million in a post-seed round. The funding was led by GapMinder VC, with the participation of LAUNCHub Ventures, Gecad Ventures, and other private investors. Total funding to… Read More

May 14, 2019 @ 3:12 pm By JD Alois  |  

CapitalRise, a lender for prime residential developers, has secured a £30 million institutional funding line from an unnamed “major financial institution.” The additional capital will help fuel the loan book growth funding prime residential developers. CapitalRise reports that, to date, it has lent £300 million…. Read More

May 14, 2019 @ 9:54 am By JD Alois  |  

Paysend Group, an FCA licensed e-Money institution, is planning to issue a stablecoin in June. Paysend is using Stellar to provide the crypto that will allow its users to send instant global payments without the traditional cross-border fees. Paysend notes that Stellar was designed expressly… Read More

May 14, 2019 @ 9:28 am By JD Alois  |  

LendInvest, an online marketplace for mortgages, says it has dropped its product fees and lowered interest rates for both of its five year fixed rate BTL remortgage products for a limited time. In a move to boost demand, LendInvest states that its five year fixed… Read More

May 14, 2019 @ 9:17 am By JD Alois  |  

Brickowner, a UK based online property investment platform, is reporting topping £10 million in investment within just over a year of announcing the first £1 million invested through its platform. Brickowner’s business model is one of partnering with established property developers to provide a better,… Read More

May 14, 2019 @ 8:09 am By JD Alois  |  

LendingCrowd, the only online lending platform based in Scotland, has launched two new features designed to boost diversification for investors’ portfolios. LendingCrowd states that investors in their Growth Account and Income Account, both available as an IFISA, can already create diversified portfolios of loans to… Read More

May 13, 2019 @ 10:26 pm By Samantha Hurst  |  

UK-based peer-to-peer lending platform Assetz Capital is now seeking £1 million through its new equity crowdfunding campaign on Seedrs. Founded in 2012, Assetz Capital describes itself as a provider of alternative funding sources to SMEs and Property Developers and is one of the fastest-growing peer-to-peer… Read More

May 13, 2019 @ 1:02 pm By JD Alois  |  

The Security Token Academy (STA), a company covering and facilitating the emerging security token industry, has crossed the Atlantic and landed in the UK with its first Security Token London Meetup Kickoff Event. The event is scheduled for June 12th in London. Aubrey Chernick, founder… Read More

May 13, 2019 @ 10:03 am By JD Alois  |  

Greensill, a working capital provider, has received an $800 million investment from the SoftBank Vision Fund, according to a release from the firm. Greensill said the investment “underscores the value of working capital finance as the most advanced means of providing low-cost capital to companies… Read More