Tagged: uk

February 26, 2019 @ 3:11 pm By Samantha Hurst  |  

UK-based fintech Curve celebrated the first anniversary of its launch across 27 European countries. As previously reported, Curve is on a mission to simplify the way people spend, send, see and save money. “We are focused on an ambitious opportunity fuelled by a couple of trends starting to play… Read More

February 26, 2019 @ 8:00 am By JD Alois  |  

CrowdProperty, a UK based peer to peer lender, is reporting a couple of milestones. Following the funding of the 70th project, CrowdProperty says it has now funded 500 UK homes worth more than £80 million. The P2P lender says over £30 million has been lent… Read More

February 26, 2019 @ 4:16 am By Erin Hobey  |  

FCA-regulated P2P lender Albrate has surpassed its initial £350,000 Crowdcube crowdfunding target, having secured over £456,325 for 1.72% equity from more than 166 investors. Ablrate aims to not just be a peer to peer lending platform but an “integrated deal financing platform for the alternative finance industry.” “Ablrate brings lenders… Read More

February 25, 2019 @ 3:50 pm By Samantha Hurst  |  

UK banking group NatWest announced last week it has opened a new digital branch in Leeds Victoria. According to NatWest, the digital store gives customers the space and opportunity to complete their banking online in a secure environment, with staff to help with more complex or technical issues…. Read More

February 24, 2019 @ 6:40 pm By JD Alois  |  

In the past week, Crowdcube has issued a request to change the Nominee terms for Monzo, a digital-only challenger bank that has gained Unicorn status. Monzo has crowdfunded several times on Crowdcube. The most recent crowdfunding round saw the Fintech raise £2 million in just two… Read More

February 22, 2019 @ 10:01 pm By Samantha Hurst  |  

MoveGB, an online fitness marketplace, is set to close its equity crowdfunding round on Crowdcube with more than £1.2 million in funding. The campaign was launched last month, with a funding target of £1 million. As previously reported, MoveGB was founded in 2013 and has more than… Read More

February 22, 2019 @ 5:15 pm By JD Alois  |  

ClearBank, a challenger clearing bank (the UK’s first new clearing bank in more than 250 years), has been awarded a grant from the RBS Alternative Remedies Package of £60 million. The grant is one of three from Pool A of the Capability and Innovation Fund that forms… Read More

February 22, 2019 @ 9:08 am By Samantha Hurst  |  

UK banking platform Starling Bank announced on Friday it has been awarded a £100 million grant from the Capability and Innovation Fund (CIF). According to Starling Bank, the grant comes from a £775 million fund created as a condition on RBS for accepting £45 billion bailout… Read More

February 22, 2019 @ 2:36 am By JD Alois  |  

Nik Storonsky, the CEO and co-founder of digital bank Revolut, has told the UK Government to create specialised tech visas for professionals to ameliorate growing concerns of Brexit fallout. Revolut said it plans on doubling its workforce in the coming months as it expands services and… Read More

February 21, 2019 @ 9:46 am By Samantha Hurst  |  

Capitalise.com, the FCA regulated financial marketplace for accountants announced on Thursday it secured £3.5 million through its Series A investment round, which was led by QED Investors and supported by existing investor Hambro Perks, as well as Gauss Ventures. Founded in 2014, Capitalise.com stated it helps… Read More

February 21, 2019 @ 6:43 am By Erin Hobey  |  

JIVR, a UK-based foldable, electric and chainless bike brand, is closing in on €850,000  on its Seedrs equity crowdfunding campaign goal, having raised over €693,630 from more than 145 investors. Funding will be used to establish a comprehensive sales channel mix of B2C, B2B and… Read More

February 20, 2019 @ 4:17 pm By Samantha Hurst  |  

UK-based peer-to-peer lender RateSetter recently announced its ISA has exceeded expectations in its first year, having attracted £175 million of subscriptions, and currently accounts for one-fifth of the platform’s £830 million funds under management. RateSetter unveiled its ISA in February 2018. It allows investments in peer-to-peer loans to… Read More

February 20, 2019 @ 8:13 am By Helena Murphy  |  

The world of business equity raising is still dominated by men. Melinda Gates wrote in ReCode back in 2017:  “We like to think that venture capital is driven by the power of good ideas. But by the numbers, it’s men who have the keys.”  Gates argued that… Read More

February 19, 2019 @ 2:59 pm By Samantha Hurst  |  

UK-based peer-to-peer lending platform Assetz Capital recently surpassed its £700 million lending milestone. According to AltFi, This news comes less than a year after the online lender surpassed £500 million in lending. Founded in 2012, Assetz Capital describes itself as a provider of alternative funding sources to SMEs… Read More

February 19, 2019 @ 4:27 am By JD Alois  |  

Koine, an institutional custody and settlement service for both fiat and digital assets, has appointed Hugh Hughes as Chairman and CEO. Hughes was previously CEO of Societe Generale Securities in London. Prior to that, Hughes built stockbroking businesses in London, according to a release from the firm…. Read More

February 18, 2019 @ 1:59 pm By Samantha Hurst  |  

Digital challenger bank Monese announced on Monday its current account integration with Avios. According to Monese, users may now link their British Airways Executive Club account to effortlessly track and manage Avios balance, straight from Monese app. Once connected, Avios will appear as a separate account… Read More

February 18, 2019 @ 1:05 pm By Samantha Hurst  |  

UK-based commercial-scale portable solar power systems startup, Renovagen has successfully secured its initial 350,000 funding target through its latest equity crowdfunding campaign on Crowdcube. The round came less than three years after Renovagen raised £985,840 through its second Crowdcube round. As previously reported, Renovagen revealed it has developed and manufactured… Read More

February 18, 2019 @ 10:53 am By Samantha Hurst  |  

UK-based payments platform GoCardless announced on Monday it secured $75 million through its Series D investment round, which was led by new investors Adams Street Partners, GV (formerly Google Ventures) and Salesforce Ventures, as well as existing investors: Accel, Balderton Capital, Notion Capital, and Passion Capital…. Read More

February 18, 2019 @ 10:11 am By JD Alois  |  

Mobile payment Fintech TransferTo has rebranded as two separate company brands. TransferTo has now changed its name to DT One. Simultaneously, the cross-border payments business, which started in 2016, has branched off to operate independently from DT One and has been renamed to Thunes. Thunes will focus… Read More

February 18, 2019 @ 8:46 am By JD Alois  |  

Online small business lender iwoca has raised £150 million in both equity and debt capital, according to a note from the firm. This most recent investment brings iwoca’s total funding to £350 million. The Series D equity funding was led by Augmentum Fintech, a Fintech… Read More