Tagged: uk

October 17, 2018 @ 8:41 pm By JD Alois  |  

The UK Department for International Trade, along with the Prime Minister’s Fintech Ambassador Al Lukies, are heading to Australia as part of the “GREAT Britain showcase.” The group will be participating in Sibos 2018 taking place in Sydney. According to the UK government, the delegation’s aim… Read More

October 17, 2018 @ 3:20 pm By Samantha Hurst  |  

Less than two years after completing its first equity crowdfunding campaign on Crowdcube, London-based juice brand, Daily Dose, has returned to the funding portal and has now secured its initial £300,000 funding target thanks to more than 200 investors. As previously reported, Daily Dose currently produces 100% fresh unprocessed… Read More

October 17, 2018 @ 11:42 am By JD Alois  |  

Digital payments Fintech Azimo says it will allow SME owners across the UK and Europe to pay for goods, salaries and investments in 189 countries and territories beginning this week. Azimo claims it will undercut most pricing by banks by at least 75%. The service… Read More

October 17, 2018 @ 9:20 am By Samantha Hurst  |  

UK’s Investment Association (IA) announced last week the first cohort of fintech firms that will be joining Velocity, a specialist fintech accelerator for the asset management industry. IA reported that the five fintech firms were selected was due to their innovative solutions which aim to enhance… Read More

October 17, 2018 @ 8:28 am By Samantha Hurst  |  

UnderTheDoor, a UK-based premium home-stay service for homeowners & guests providing hotel quality in the comfort of homes, has successfully secured its initial £200,000 funding target and now nearing £400,000 through its equity crowdfunding campaign on Seedrs. Founded in 2014, UnderTheDoor notably selects homes with… Read More

October 16, 2018 @ 6:08 pm By JD Alois  |  

Funding Circle (LSE:FCH), the now publicly traded peer to peer lending company based in the UK, has long operated a US subsidiary providing access to credit for SMEs. While the UK iteration is more about P2P in the US, due to antiquated securities regulations, it… Read More

October 15, 2018 @ 2:29 pm By Cali Haan  |  

International banking and investment conglomerate Barclays has suspended its internal study into the possible creation of a cryptocurrency trading desk within the organization, according to a story in Financial News London. Earlier this year, rumours surfaced that Barclays had assembled a team of four executives tasked… Read More

October 15, 2018 @ 1:27 pm By Samantha Hurst  |  

UK-based online lender LendInvest announced last week it has reduced rates and product fees across its Buy-to-Let product range. According to LendInvest, the pay rate for its five year fixed rate product has dropped to 3.60%, with the ICR calculation at a pay rate of 3.60%…. Read More

October 15, 2018 @ 8:38 am By JD Alois  |  

Tech icon and Apple co-founder Steve Wozniak is diving further into the blockchain arena by co-founding EQUI Global – a firm that is described as a “global game changer” that will disrupt venture capital. Wozniak, or the Woz, is joining several high profile individuals including… Read More

October 15, 2018 @ 7:50 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) has sent a “Dear CEO letter” to lenders of high-cost, short term credit, aka payday loans, admonishing these platforms for an increase in “complaints about affordable lending.” The complaints also reference problematic “chain of loans,” or stacking, that may… Read More

October 14, 2018 @ 10:22 pm By Samantha Hurst  |  

Argo, a UK-based provider of cryptocurrency mining services, announced on Friday that Bitcoin will be launched on its cryptocurrency mining platform on November 1st. Founded in 2015, Argo describes itself as a platform that enables customers to efficiently mine Ethereum and other altcoins from their own… Read More

October 14, 2018 @ 10:06 pm By Samantha Hurst  |  

UK-based crowdfunding brewery BrewDog is set to close its Equity For Punks V funding round on Crowdcube with more than £24.7 million. The funding round, which launched in August, originally had already attracted more than £20.6 million prior to launching on Crowdcube and was seeking £22… Read More

October 12, 2018 @ 7:36 am By JD Alois  |  

Chilango prominently issued a mini-bond on Crowdcube several years back. The “Burrito Bond, as it was called, raised £2.16 million from 748 smaller investors. The mini-bond, the first of its kind, was a perk incentivized security. For investors that purchased £10,000 or more of the… Read More

October 11, 2018 @ 9:25 pm By Samantha Hurst  |  

dv01, a platform that connects online lenders and investors with data management, announced on Thursday it has formed a reporting partnership with leading peer-to-peer (P2P) lender, Funding Circle. dv01 revealed that through its partnership with Funding Circle, institutional investors who use dv01 to conduct analysis… Read More

October 11, 2018 @ 10:51 am By Samantha Hurst  |  

Online lender ThinCats announced on Thursday it has appointed Kevin Steven as its new Director of Regional Business Development for South Yorkshire. According to ThinCats, Steven has more than 15 years’ experience in banking and corporate finance providing advice and access to innovative funding solutions to SMEs and… Read More

October 11, 2018 @ 10:36 am By Samantha Hurst  |  

Global payments platform Worldpay, Inc. announced on Thursday the launch of its new payout solutions that give multi-national e-commerce businesses more choices to disburse funds to partners and customers across country borders. The company reported that it is expanding the service to more than 50… Read More

October 11, 2018 @ 8:16 am By Samantha Hurst  |  

UK challenger bank Tandem announced on Thursday the launch of its new second credit product, which is called the Journey Card, available through an application through the bank’s website. According to Tandem, the Journey Card is considered a way for those who haven’t had credit before to build… Read More

October 10, 2018 @ 3:42 pm By JD Alois  |  

Digital only challenger bank Starling is expanding its “Banking-as-a-Service” and Payment Services offer. These are two white label banking services offered in the UK allowing other entities to provide retail banking services and make payments. Current  clients include Ditto, Raisin UK, and the Department for Work… Read More

October 10, 2018 @ 8:41 am By JD Alois  |  

The Chancellor of the Exchequer, Philip Hammond, is currently at the IMF Annual Meeting taking place in Bali. While at the meeting, the Chancellor is polishing the UK chops when it comes to innovations in Fintech. According to a note from HM Treasury, Hammond will position Britain… Read More

October 10, 2018 @ 7:57 am By JD Alois  |  

Growthdeck has listed an EIS compliant investment opportunity to back to eticketing hub WebTicketManager. According to the offering page, WebTicketManager is raising £557,000 for a 21% equity stake in the firm. Expectations are for an exit EBITDA multiple of 5X or an exit IRR of 68%… Read More