Tagged: uk

August 20, 2018 @ 9:15 am By JD Alois  |  

Augmentum Fintech plc (LSE: AUGM) has announced an aggregate of £7 million of investment in three European Fintechs: Tide, Previse and DueDil. Tim Levene, CEO of Augmentum Fintech, said that since their IPO they have built an “exciting pipeline of fintech investment opportunities” and the… Read More

August 17, 2018 @ 11:55 am By JD Alois  |  

The UK Competition and Markets Authority (CMA), in collaboration with the Financial Conduct Authority (FCA), published a report this week that chastised banks for their poor service and lack of transparency. As part of an ongoing initiative to improve financial services for both consumers and… Read More

August 17, 2018 @ 7:57 am By JD Alois  |  

The Competition and Markets Authority (CMA), in conjunction with the Financial Conduct Authority (FCA), have demanded that traditional banks improve their services. The admonition comes following an independent survey of both personal and small business accounts that indicates banks are falling short when it comes… Read More

August 17, 2018 @ 6:55 am By JD Alois  |  

Crowdcube, a leading UK crowdfunding platform, has topped £500 million in “pledged investment” for listed early stage and growth firms. The company reports that half a billion pounds pledged has resulted in 700 successful funding rounds which include some high profile names. Crowdcube was founded… Read More

August 16, 2018 @ 10:12 pm By Samantha Hurst  |  

VITL, a UK-based personalized nutrition platform, is set to close its equity crowdfunding campaign on Crowdcube with nearly £950,000 from more than 350 investors. The funding round was launched last month, originally seeking £400,000. Founded in 2015, VITL was created to deliver personalized vitamin packs tailored… Read More

August 16, 2018 @ 4:54 pm By Cali Haan  |  

IT directors at 750 companies with 250 or more employees in the UK are reporting a steady increase in attempted “crypto-jacking” attacks on enterprise computer systems, with 30% of all companies reporting attacks in May, the month the survey was conducted. The findings were determined… Read More

August 16, 2018 @ 2:00 am By JD Alois  |  

Copper.co is now offering a custody solution for institutions investing in digital assets. The crypto portfolio management platform says it is offering the “industry’s first server less” co-sign custody solution. Copper management says it expands the crypto market by making transactions safer and less prone… Read More

August 15, 2018 @ 3:59 pm By Samantha Hurst  |  

Tuk Tuk Chai, a UK-based ready to drink beverage startup, quickly surpassed its initial £150,000 funding target within 24 hours through its equity crowdfunding campaign on Crowdcube. Founded in 2015, Tuk Tuk states that its beverages described as an infusion of black tea, whole spices and milk… Read More

August 15, 2018 @ 8:05 am By JD Alois  |  

The UK government has announced the names of three Fintechs that have won their “Rent Recognition Challenge.” The competition was simple: find a way to incorporate rent within credit scores to make it easier for renters to gain a mortgage. The three firms are: Bud:… Read More

August 14, 2018 @ 3:07 pm By Samantha Hurst  |  

On Tuesday, UK-based challenger bank Monzo announced the launch of its new product, joint accounts. This news comes just a little over a week after the fintech revealed new accounts specifically for 16-17-year-olds. Monzo reported that for the past month its joint accounts have been available… Read More

August 14, 2018 @ 2:17 pm By Samantha Hurst  |  

Short-term peer-to-peer lending platform Welendus has returned to equity crowdfunding platform Seedrs to raise £850,000 in funding. The lender’s latest initiative comes less than one year after it secured £208,898 through the funding portal.   As previously reported, Welendus was founded in 2015 and aims to re-define the short-term lending market by… Read More

August 14, 2018 @ 7:47 am By Chris Hancock  |  

The Financial Conduct Authority will Update Rules for Loan Based Crowdfunding. Crowd2Fund CEO Chris Hancock Shares His Perspective. The growth and success of P2P lending, and its positive effect on the UK economy, cannot be disputed. Initially starting out as curiosity during the depths of… Read More

August 13, 2018 @ 12:46 pm By Samantha Hurst  |  

UK-based fintech Flux recently announced it has formed a partnership with itsu, an Asian-inspired fast food shop and restaurant chain, to deliver paperless receipts. According to Flux, itsu are launching a Flux receipts trial across all stores in the UK in a push to continue driving a sustainable and… Read More

August 13, 2018 @ 11:22 am By Samantha Hurst  |  

With just a little over a week before its latest equity crowdfunding campaign is set to close on Crowdcube, online gallery marketplace Rise Art has successfully secured its initial £650,000 funding target.  The initiative has so far attracted nearly 250 investors.  As previously reported, Rise Art was founded… Read More

August 13, 2018 @ 8:37 am By Samantha Hurst  |  

Urban Massage, a UK-based wellness app that books on-demand massage at home, has successfully secured more than £2.6 million through its equity crowdfunding campaign on Seedrs. The funding round recently launched, seeking a minimum of £2.5 million and has so far attracted nearly 400 investors…. Read More

August 13, 2018 @ 7:24 am By JD Alois  |  

The Sancus BMS Group has expanded their business in Ireland with two new appointments from the property finance sector. According to Sancus, Michael Mooney has joined the Group as Managing Director of Sancus BMS (Ireland) Limited and Geoff Savage as Director of Lending. Sancus CEO Andrew… Read More

August 13, 2018 @ 2:00 am By JD Alois  |  

Defining Distributed Ledger Technology Distributed Ledger Technology (DLT), also frequently referenced as blockchain, is a fast emerging sector of finance but also has the capacity to extend into other sectors of industry. Yet DLT is frequently misunderstood and regularly terminology is at odds across sector… Read More

August 12, 2018 @ 8:11 pm By Samantha Hurst  |  

UK-based premiere alcohol tea blend company Noveltea is now set to close its second equity crowdfunding on Crowdcube with more than £300,000 thanks to nearly 370 investors. The funding round, which was launched less than a year after Noveltea secured £217,800 through its first Crowdcube initiative,… Read More

August 10, 2018 @ 9:21 pm By Samantha Hurst  |  

Scottish crowdfunded brewery BrewDog announced earlier this week it has continued its global expansion with the launch of its first bar in Seoul, South Korea. According to the brewery, this new bar is located in the Itaewon region of the city. BrewDog reported that the Itaewon bar will… Read More

August 10, 2018 @ 9:00 pm By Samantha Hurst  |  

UK fintech Glint announced on Friday it has decided to extend its equity crowdfunding campaign on Crowdcube. The extension news comes just after the funding round secured more than from £1.6 million from nearly 1,000 investors. As previously reported, Glint is on a mission to reintroduce… Read More