Tagged: uk

November 27, 2018 @ 10:07 am By Samantha Hurst  |  

QDOOZ, a UK-based life skills improvement platform, has successfully secured its initial £500,000 funding target on equity crowdfunding platform, Crowdcube. QDOOZ describes itself as a digital platform that is addressing the distinct gap in personal life skills education and training. It was revealed: “QDOOZ plans… Read More

November 27, 2018 @ 7:21 am By Erin Hobey  |  

Business finance marketplace Funding Options will soon be part of Starling Bank’s in-app marketplace for small businesses. Funding Options helps small businesses source alternative funding options from as little as £1,000 up to £10 million. “We are excited that through this partnership we will be able to offer small businesses the efficiency, flexibility, support and security to help… Read More

November 26, 2018 @ 3:12 pm By Samantha Hurst  |  

Verdant Brewing Co., a UK-based brewery, has successfully secured its initial £500,000 funding target and is now nearing £600,000 through its equity crowdfunding campaign on Crowdcube. The brewery revealed that its key focus is on making hazy, hop-forward beer and delivering it to drinkers as fresh… Read More

November 26, 2018 @ 2:00 pm By JD Alois  |  

Wealth Migrate, a real estate crowdfunding platform, has announced it’s intent to move from its South African roots to set up shop in the Capitol of Fintech – London, once all regulatory hurdles are cleared. In a release, Wealth Migrate expressed its opinion that the… Read More

November 26, 2018 @ 1:47 pm By Samantha Hurst  |  

Less than a month after securing £85 million through its latest investment round, which was led by General Catalyst, alongside Accel, UK-based challenger bank Monzo announced on Monday it is now seeking up to £20 million through its upcoming crowdfunding efforts. As previously reported, Monzo (which… Read More

November 26, 2018 @ 11:55 am By Samantha Hurst  |  

UK-based fintech Finastra announced last week it has opened a new office in Bucharest, Romania. According to Finastra, the new site hosts more than 550 employees and contractors. It is located in the brand new Orhideea Towers in the business district of Bucharest. The move offers… Read More

November 26, 2018 @ 9:20 am By JD Alois  |  

Securities lending platform for digital assets Lendingblock has issued a statement indicating that the Gibraltar Financial Services Commission (GFSC) has made an in-principle decision to grant the firm authorization as a Distributed Ledger Technology (DLT) provider. Lendingblock adds that it continues to work closely with the GFSC… Read More

November 26, 2018 @ 7:54 am By Samantha Hurst  |  

Less than six months after surpassing £40 million in online lending, UK based peer to peer lender in the property space, Proplend, announced on Monday it has now reached £50 million in online lending. According to the lender, all loans are commercial property backed, comprising a… Read More

November 26, 2018 @ 7:19 am By JD Alois  |  

The UK Competition and Markets Authority (CMA) has issued a statement on the PayPal acquisition of iZettle – an event that was announced in early 2018 and closed in September. PayPal purchased Sweden based iZettle for $2.2 billion as the company seeks to gain access… Read More

November 25, 2018 @ 9:06 pm By Samantha Hurst  |  

Just a little over a year after securing £566,488 through its second Seedrs round, UK fintech CityFALCON has returned to the equity crowdfunding platform for the third time and already raised its initial £150,000 funding target.  As previously reported, CityFALCON has received awards from Twitter,… Read More

November 25, 2018 @ 7:52 am By JD Alois  |  

Speaking last week at the Regulation of Cryptocurrencies event in London, Christopher Woolard, Executive Director of Strategy and Competition at the Financial Conduct Authority (FCA), outlined his agencies view of crypto assets and provided insight into possible regulation. Woolard defined digital assets or cryptocurrencies as falling under… Read More

November 24, 2018 @ 10:03 am By JD Alois  |  

Uniti, perhaps the most interesting electric car company raising money via crowdfunding, has opened their offering on Crowdcube for early registrants. According to the offering page, Uniti is looking for £1 million at a pre-money valuation of £97 million. The page indicates that 169 investors… Read More

November 23, 2018 @ 8:51 am By JD Alois  |  

The Cambridge Centre for Alternative Finance (CCAF) has published its annual report on the UK alternative finance for 2017. This is the 5th UK benchmarking report CCAF has published. According to the research, overall the sector of finance grew 35% versus the year prior to… Read More

November 22, 2018 @ 8:01 am By JD Alois  |  

Yoyo Wallet has partnered with easyCoffee to provide mobile payments and loyalty app for the company. easyCoffee is in expansion mode planning to open up 200+ locations across the UK over the next three years. easyCoffee is a coffee chain founded by entrepreneur Nathan Lowry… Read More

November 21, 2018 @ 5:31 pm By Cali Haan  |  

A representative from the UK Financial Conduct Authority (FCA) told attendees at The Regulation of Cryptocurrencies event in London today that he is concerned that “Complex, volatile and often leveraged derivatives products” built on cryptocurrencies with “underlying market integrity issues” are being marketed to retail… Read More

November 21, 2018 @ 3:56 pm By Samantha Hurst  |  

Just a little over a year after securing more than £1.1 million on Crowdcube, UK technology startup Verv has returned to the equity crowdfunding platform with a goal to raise a minimum of £350,000. As previously reported, Verv was launched in 2014 and has developed an intelligent energy… Read More

November 21, 2018 @ 11:33 am By Samantha Hurst  |  

UK challenger bank Starling Bank announced last week it launched its in-app Marketplace for small businesses. According to Starling Bank, the new wave of Marketplace partners includes the launch of accounting software platform Xero and the latter will enable the bank’s 20,000 business banking customers to automatically… Read More

November 21, 2018 @ 7:52 am By Samantha Hurst  |  

Form3,  cloud-based platform for global payments processing, announced on Tuesday it secured $13 million through its Series B funding round, which was led by venture capital firm, Draper Esprit plc, with participation from existing shareholders Barclays Bank plc, Angel CoFund, and several individuals. Founded in 2016, Form3… Read More

November 21, 2018 @ 5:18 am By Therese Torris  |  

At LendItFintech Europe in London this week, CI caught up with Emmanuel de Cazotte who was recently appointed to head Lemon Way Payment Ltd of the newly opened office in London of the European payment processor. Lemon Way is a payment solution specialized in serving… Read More

November 20, 2018 @ 8:56 am By JD Alois  |  

CYBG has committed to fund up to £400 million of personal loans, subject to certain conditions, on Salary Finance. CYBG is a consortium of financial firms including Clydesdale Bank, Yorkshire Bank and Virgin Money. Salary Finance is a platform that connects to the payroll of employers… Read More