Tagged: uk

December 5, 2018 @ 10:18 am By JD Alois  |  

Monzo, an emerging heavy-weight in the hot digital banking sector, has shared that 36,006 individuals crowdfunded £20 million in just 2 days, 2 hours and 45 minutes. The offer was hosted on Crowdcube and received intense interest as competition in the UK banking sector heats… Read More

December 5, 2018 @ 9:58 am By JD Alois  |  

Zopa to Offer “Feel Good Money” Digital Bank Peer to peer lender Zopa has received authorization from both the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) to operate its much anticipated digital challenger bank. Initially, Zopa will operate with a bank license… Read More

December 5, 2018 @ 7:39 am By JD Alois  |  

The Competition and Markets Authority (CMA) has decided to launch an in-depth investigation into the acquisition of Sweden based iZettle by PayPal. As CI previously reported, the CMA stated that PayPal could face insufficient competition in the UK after acquiring its market-leading rival iZettle. PayPal… Read More

December 5, 2018 @ 6:45 am By JD Alois  |  

Peer to peer property lender CrowdProperty is now disclosing their performance metrics using Brismo’s (formerly known as AltFi) standardized reporting methodology. CrowdPropert states that it is the first property development platform to incorporate the Brismo process which is described as an independent standard. Commenting on the… Read More

December 3, 2018 @ 12:26 pm By JD Alois  |  

Chilango, a chain of “quick service” Mexican restaurants is extending their minibond offer beyond their originally announced December 2nd deadline. According to Chilango, the Burrito Bond 2, which kicked off in October, will be extended into 2019. Currently, Chilango is reporting that £2.4 million has… Read More

December 2, 2018 @ 9:48 pm By Samantha Hurst  |  

Just a few weeks after launching its equity crowdfunding campaign on Seedrs, UK property crowdfunding platform British Pearl has successfully secured its initial £2 million funding target from more than 430 investors. As previously reported, British Pearl describes itself as an online property investment platform facilitating… Read More

December 2, 2018 @ 12:43 pm By JD Alois  |  

Uniti, the Sweden founded electric car manufacturer, will open up their current equity crowdfunding offer to the general public this week. Currently listed on Crowdcube for pre-registered investors, Uniti has raised over £686,000 from 353 investors to date. Uniti is seeking £1 million in funding… Read More

November 30, 2018 @ 9:38 pm By Samantha Hurst  |  

Just a little over a year after securing £984,110 through its first equity crowdfunding campaign on Crowdcube, modular contemporary company nHouse has returned to the funding portal to raise a minimum of £200,000. As previously reported, nHouse creates spacious, high-tech, and free “grand design” styled homes in a factory…. Read More

November 30, 2018 @ 10:09 am By Samantha Hurst  |  

Just days after announcing plans to raise up to £20 million through its upcoming crowdfunding round, UK challenger bank Monzo is now setting the record straight after a media outlet claimed that the startup was lending money to customers to help them purchase shares. According to… Read More

November 29, 2018 @ 8:30 pm By Samantha Hurst  |  

UK-based current accounting and tax platform Coconut has successfully secured more than £1.3 million through its equity crowdfunding campaign on Crowdcube, which is set to close next week. The funding round has attracted more than 1,500 investors. As previously reported, Coconut describes itself as a current account that takes… Read More

November 29, 2018 @ 4:46 am By JD Alois  |  

Online property lender LendInvest is reporting it has provided an industry leading developer with a £19.3 million loan to fund a large residential development in the South West. From instruction to completion, LendInvest took only 60 days to facilitate the development loan. LendInvest states that this… Read More

November 29, 2018 @ 3:36 am By Erin Hobey  |  

Helpfulpeeps, a UK P2P social marketplace for local help, currently counts over 175,000 registered members through its iOS, Android and web platforms. In order to reach its aim of “building the future of local services” by using tech to match those who would like help… Read More

November 28, 2018 @ 2:18 pm By Samantha Hurst  |  

The British Business Bank announced on Wednesday it has committed up to £150 million for lending to UK small businesses through Funding Circle. According to the banking group, the transaction is under its ENABLE Funding program and is designed to accelerate lending to small businesses and… Read More

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