Tagged: uk

September 22, 2017 @ 9:37 am By JD Alois  |  

Earlier this week, the Sunday Times reported that the UK government was examining plans to “clamp down” on the Enterprise Investment Scheme (EIS). This program is a tax exemption that seeks to incentivize investment in early stage companies – an intrinsically risky endeavor. By providing… Read More

September 22, 2017 @ 9:20 am By Samantha Hurst  |  

Capital Cell, a crowdfunding platform dedicated to life sciences, announced this week it is officially opening its portal to UK investors. The first four investment opportunities now live on the platform. As previously reported, Capital Cell was founded by Daniel Oliver and based in Barcelona, is the first… Read More

September 21, 2017 @ 12:02 pm By Erin Hobey  |  

Creative robotics pioneer Joto has linked with  Crowdcube to raise £250,000 with a 12.2% equity stake offered to investors. Since going live on 14 September, over 100 investors have poised Joto to easily exceed £60K by EOD. Valued at £1,800,000, Joto is using this funding round to… Read More

September 21, 2017 @ 12:01 pm By Samantha Hurst  |  

UK-based fintech RemitRadar and global reinsurer PartnerRe announced on Thursday they have entered into a joint strategic cooperation agreement. The companies revealed: “PartnerRe and RemitRadar have entered into a joint effort to capitalise on RemitRadar’s money transfer ecosystem, web presence, and social media channels, including… Read More

September 21, 2017 @ 11:22 am By Samantha Hurst  |  

On Wednesday, Lending Works announced as of Monday, it five-year lender rate has increased to 5.5%, which is considered the highest level it has reached since August 2016. The company revealed that the reason for the rate increase is due to the fact that it has… Read More

September 21, 2017 @ 11:05 am By Samantha Hurst  |  

LendInvest announced on Thursday it has appointed former Aldermore Bank Head of Commercial Mortgages, Ian Boden, as its new Sales Director. According to the online lender, Boden joins its team with more than 35 years of experience in financial services, buy-to-let, and commercial mortgages.  Prior… Read More

September 21, 2017 @ 7:28 am By JD Alois  |  

The Financial Conduct Authority (FCA) has entered into a co-operation agreement with the Hong Kong Insurance Authority (IA) designed to enhance collaboration in supporting Fintech innovation.  The FCA explains the agreement includes information sharing and mutual referrals of Fintech firms looking to enter into either… Read More

September 21, 2017 @ 7:16 am By Samantha Hurst  |  

On Thursday, Crowdcube alum and moldable glue company Sugru announced the launch of its new family-safe, skin-friendly formula. The brand claimed that the new product is expected to double its pretense in retail by the end of next year. According to Sugru, more than 6,000 retail… Read More

September 21, 2017 @ 6:48 am By JD Alois  |  

A new online platform, the Racefields Credit Exchange (RCX), has launched this week with the goal of becoming the PayPal of the loan bridging industry in a market they believe is underserved. The  RCX platform is said to be the first of its kind in… Read More

September 20, 2017 @ 3:30 pm By Samantha Hurst  |  

Ultramed, a UK-based health tech company, quickly secured its initial £100,000 funding target just days after launching its equity crowdfunding campaign on Crowdcube. The initiative is now nearing £175,000 from more than 260 investors. Ultramed describes itself as a health tech company that operates a suite of cloud-based pre-operative… Read More

September 20, 2017 @ 11:52 am By JD Alois  |  

  Raisin GmbH is growing rapidly and today the “European Deposit Marketplace” is moving into the UK with the acquisition of PBF Solutions. The company’s intent is to give UK savers a better choice for saving their money with their Fintech platform. Raisin GmbH has… Read More

September 20, 2017 @ 10:59 am By Samantha Hurst  |  

Fresh-range, the Bristol-based online ethical food retailer, is set to close its equity crowdfunding campaign on Seedrs with more than £450,000 in funding from nearly 375 investors. The campaign was launched earlier this summer, seeking £300,000, which was surpassed within 24 hours. As previously reported, Fresh-range was… Read More

September 19, 2017 @ 3:12 pm By Samantha Hurst  |  

JustGiving, a charity crowdfunding platform based in the UK, recently revealed it has been targeted by fraudsters who have been using the portal for money laundering scams. JustGiving describes itself as the world’s most trusted online giving platform. The platform stated its main mission is… Read More

September 19, 2017 @ 1:43 pm By Erin Hobey  |  

Big news for business finance company MarketInvoice who not only is celebrating a £1.5b funding milestone but has also signed an agreement with Varengold Bank AG to provide £45m funding annually on its invoice finance platform, funding working capital solutions for businesses across the UK. “Institutions… Read More

September 19, 2017 @ 12:28 pm By Samantha Hurst  |  

UK-based GoCardless has secured £16.6 million during its latest Series D funding round. According to Business Insider, the fintech company attracted funds from various investors, including Access Partners, Balderton Capital, Notion, and Passion Capital.  Founded in 2011, GoCardless describes itself as a next generation payments company… Read More

September 19, 2017 @ 11:03 am By JD Alois  |  

Innovate Finance and Magister Advisors have published a report that shows later stage Fintech funding rounds are increasing. According to the joint report, entitled “The State of European FinTech: Current Trends and Predictions”, released during the inaugural Innovate Finance FinTech Growth Forum in London, the… Read More

September 19, 2017 @ 10:06 am By Samantha Hurst  |  

Football travel experience brand, Homefans, has launched an equity crowdfunding campaign on Crowdcube. The company is now seeking 100,000 through the funding round as it prepares to expand its services. Founder Luke Verbeek launched Homefans after traveling years to watch football in the UK and… Read More

September 19, 2017 @ 9:15 am By JD Alois  |  

Enertor, the insole company endorsed and worn by track star Usain Bolt, has completed its crowdfunding round on Crowdcube. The offer closed at £1.03 million having received the backing of 1025 investors. The crowdfunding campaign went live on August 7 and easily topped its £750,000… Read More

September 19, 2017 @ 9:06 am By JD Alois  |  

Phenomenon One Communications (PH1), described as a profitable web-based telecommunications company, has successfully raised its minimum fundraising target through crowdfunding platform Crowd for Angels. PH1 has so far raised £67,004 from 29 investors via a 1 year crowd bond, paying an annual interest rate of… Read More

September 19, 2017 @ 8:53 am By Samantha Hurst  |  

On Monday crowdfunding platform Crowdfunder UK announced the launch of its new feature, the Crowdfunder Payments System. Head of Product at Crowdfunder UK, Owen Wallis, shared details about the system: “Our current integration with Stripe is great, but we are always looking to improve the Crowdfunder.co.uk… Read More