Tagged: uk

May 2, 2019 @ 8:13 am By Samantha Hurst  |  

Plum, an artificial intelligence (AI) chatbot for personal finance, announced on Thursday it has achieved 433% user growth in one year, growing from 75,000 to 400,000 users, and has attracted a $4.5 million investment that brings total investment in the firm to $6.3 million. The… Read More

May 1, 2019 @ 3:18 pm By Samantha Hurst  |  

Less than two years after raising more than £450,000 through its Crowdcube round, digital wealth management platform MarketsFlow has returned to the equity crowdfunding platform to secure an additional £700,000 in funding. As previously reported, MarketsFlow was launched in 2017 by technologist and entrepreneur Tom… Read More

May 1, 2019 @ 10:11 am By JD Alois  |  

Stealth bank Dozens has closed their crowdfunding round on Seedrs having raised £3.815 million (about $5 million) at a pre-money valuation of £20 million. Dozens had sought a minimum raise of £3.5 million. According to a release, 2,156 investors from 42 different countries invested in… Read More

May 1, 2019 @ 9:36 am By JD Alois  |  

Contradicting an existing belief that Millennials don’t save money, digital-only bank Revolut has shared research indicating that more Millennials are saving money than ever before. Simultaneously, this generation remains deeply concerned about their financial future. Revolut says it surveyed their 18-38 year old customers in… Read More

April 30, 2019 @ 12:22 pm By JD Alois  |  

During a speech delivered today, Chancellor of the Exchequor Philip Hammond announced the creation of  the FinTech Alliance. The goal is to create one site to join all the aspects of the burgeoning Fintech sector of finance in the UK. The FinTech Alliance will be… Read More

April 30, 2019 @ 11:24 am By JD Alois  |  

“The UK is now a Fintech powerhouse.” Chancellor of the Exchequer Philip Hammond made an appearance at UK Fintech Week today to address Fintech innovation in the United Kingdom. Noting that the City of London has always driven innovation and change, Hammond pointed to the… Read More

April 30, 2019 @ 9:33 am By JD Alois  |  

The Spotcap Fintech Fellowship program is now open for applications until August 15, 2019. The program seeks to help talented individuals pursue studies in Fintech. The Fellowship offers an £8k award to one postgraduate student studying a fintech related course at a UK university. This… Read More

April 30, 2019 @ 8:17 am By Samantha Hurst  |  

Bankable, a UK-based banking as a service platform, announced on Tuesday it has formed a new partnership with credit card giant Visa to accelerate digital banking solutions. Founded in 2010, Bankable describes itself as a global architect of innovative payment solutions providing Banking as a… Read More

April 30, 2019 @ 7:45 am By JD Alois  |  

Yesterday at the opening of UK Fintech Week, Secretary of State for International Trade and President of the Board of Trade Liam Fox announced the launch of the “DIT Fintech Bridge Pilot Program.” According to the Department for International Trade (DIT), the Bridge announced is… Read More

April 29, 2019 @ 4:24 pm By Samantha Hurst  |  

AVATR, a UK-based medical-grade mobile technology designed to deliver high-impact social, economic and health benefits, is now seeking £200,000 through its equity crowdfunding campaign on Seedrs. The company is currently offering 6.89% equity share, with a pre-money valuation of £2,704,331. Founded in 2015, AVATR connects… Read More

April 29, 2019 @ 1:47 pm By JD Alois  |  

It is UK Fintech Week in London and there has been a flurry of announcements regarding new programs designed to boost the status of London as a leading Fintech hub. In a speech this morning, Christopher Woolard, Executive Director of Strategy and Competition at the… Read More

April 29, 2019 @ 11:55 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) has released a report on Fintech innovation and progress made in the last few years and so far, the feedback is encouraging. It is widely recognized that the UK is a leading, global Fintech hub. This fact would not… Read More

April 29, 2019 @ 8:26 am By Samantha Hurst  |  

Tickr, a UK-based investment mobile app, is now seeking 500,000 through its new equity crowdfunding campaign on Seedrs. Founded in 2017, Tickr describes itself as an impact investment app that has broken down the barriers for people to save towards their future by investing in… Read More

April 28, 2019 @ 9:42 pm By Samantha Hurst  |  

UK challenger bank Monzo announced earlier this week the launch of its new customization premium feature, Monzo Plus. Monzo reported that it previously published a list of things it was looking to explore throughout 2019, including an option to allow users to purchase “add-ons” for their… Read More

April 28, 2019 @ 9:25 pm By Samantha Hurst  |  

Less than a year after securing £763,043 through its previous Seedrs round, real estate source platform, Infabode, has returned to the equity crowdfunding platform and has already surpassed its initial £100,000 funding target. As previously reported, Infabode reported that it connects its community of users… Read More

April 26, 2019 @ 3:29 pm By Craig Unsworth  |  

Find a business partner who’s your skills opposite Building a business is hard. The plan for my company had been in my head for some time, But I didn’t want to build it alone. Whilst I knew my target markets, clients, partners, users, and the… Read More

April 26, 2019 @ 2:13 pm By Samantha Hurst  |  

Live&Loud, a UK-based company that matches up hospitality venues and music artists, aiming to make it easier than ever to book live gigs, has successfully secured its initial £500,000 funding target through its equity crowdfunding round on Crowdcube. The campaign was launched last month and… Read More

April 26, 2019 @ 9:40 am By Samantha Hurst  |  

UK-based property crowdfunding platform Property Partner announced on Friday its latest report reveals that investment sentiment amongst its investors appears to be improving. According to Property Partner, 81% of the platform’s investors, who responded to a recent survey, are planning to maintain or increase the… Read More

April 25, 2019 @ 10:14 pm By Samantha Hurst  |  

James Watts, the co-founder of famous crowdfunding brewery BrewDog, has reportedly claimed that the uncertainty surrounding Brexit is causing negative effects on British businesses. According to the Independent, Watts stated that the Brexit process will cause “severe long-term damage” to the UK’s economy, as well… Read More

April 25, 2019 @ 9:32 am By JD Alois  |  

Innovate Finance, an association that advocates on behalf of the UK’s robust Fintech industry, has shared some numbers quantifying Fintech sector investment during Q1 of 2019. Culled from Pitchbook data, Innovate Finance says that UK Fintech investment is going gangbusters in comparison to the same… Read More