Tagged: uk

January 7, 2016 @ 1:16 pm By JD Alois  |  

VPC Specialty Lending Investments PLC (LSE:VSL) states it continues to execute on its investment objectives and delivered NAV returns of 0.69% on the ordinary shares and 1.49% on the C shares for the month of November. Additionally, on 12 November 2015, the Company declared an… Read More

January 7, 2016 @ 8:57 am By Samantha Hurst  |  

On Wednesday, serviced apartments provider, thesqua.re, announced it has closed an investment round of $2 million from Crowd2Fund and OakNorth Bank. thesqua.re, which was previously known as House of Modern Living or MoLi, was founded in 2009 and has grown profitably at 80% CAGR to cross $10… Read More

January 7, 2016 @ 8:41 am By JD Alois  |  

The Financial Conduct Authority (FCA) has released a statement that acting Chief Executive Tracey McDermott withdrew from the process to become permanent leader of the agency in December. McDermott will continue in her position until Treasury appoints a replacement. The former FCA CEO Martin Wheatley… Read More

January 6, 2016 @ 8:17 am By JD Alois  |  

Accenture has announced the 2016 class of its Fintech Innovation Lab London.  The program, now in its fourth year, is in concert with 16 other financial institutions.  The 12-week program is designed to accelerate product development while providing traditional financial firms exposure to disruptive fintech…. Read More

January 5, 2016 @ 3:55 pm By Conrad Ford  |  

  It’s long been known that small businesses are one of the cornerstones of a healthy economy, and in the UK, SMEs account for a staggering 99.8% of incorporated companies. Without getting into a discussion on that classification (if 99.8% are small- and medium-sized, what… Read More

January 5, 2016 @ 8:26 am By Midori Yoshimura  |  

For fans of subscription services—such as Wet Shave Club for safety razor supplies, Stitch Fix for women’s fashion or Graze for health-mindful snacks—there’s a new delivery to look forward to from Eightpointnine, a UK-based personalized coffee subscription service. Eightpointnine’s flavor-matching algorithm figures out the perfect… Read More

January 5, 2016 @ 7:33 am By JD Alois  |  

Dubai-based equity crowdfunding platform Eureeca has set a platform record having raised $610,000 for UK based Homes or Houses. The funding round closed at 151% of its goal in under 30 days. Eureeca is a twice-regulated platform, having received licensing from the UK Financial Conduct… Read More

January 4, 2016 @ 12:47 pm By JD Alois  |  

Crowdcube, co-founded by partners Luke Lang and Darren Westlake, was the first investment crowdfunding platform to launch in the UK.  Since that time the company has held tight as the leading UK platform in regards to the amount of total funding raised. As 2015 came to… Read More

January 4, 2016 @ 10:07 am By JD Alois  |  

Web sites such as MyFreeImplants may encounter a new challenge, at least in the UK. According to a report in the Sunday Times, doctors who perform surgery on women who have crowdfunded breast implants “could find themselves in front of the [ General Medical Council] GMC… Read More

January 2, 2016 @ 9:04 am By Barry James  |  

2015 Was the Year  of Change Crowdfunding became mainstream – in the sense that it was accepted as part of the ‘new normal’ and not a fad that’s going to fade away In the USA the SEC finally, perhaps reluctantly, followed the Fintech leaders in… Read More

December 31, 2015 @ 7:10 am By JD Alois  |  

In a sign that Fintech has entered the realm of the establishment two leading entrepreneurs have been recognized by the Queen of England in the annual Honours List which was published yesterday. Samir Desai, co-founder and CEO of Funding Circle, has been honoured as a… Read More

December 31, 2015 @ 3:07 am By Erin Hobey  |  

As 2015 comes to a close, here are some highlights from WWF, the wonderful world of fintech. And what a year it’s been!  At the close of last year, the world watched Lending Club’s astounding IPO. By this November, the firm surpassed $13B from borrowers since its 2006 launch. During… Read More

December 30, 2015 @ 3:30 pm By Samantha Hurst  |  

With less than 48 hours until its Crowdcube campaign comes to an end, video game channel, GINX TV, has surpassed its initial £540,000 goal and is now nearing £575,000 thanks to 210 investors. The initiative was originally set to close at the beginning of December,… Read More

December 29, 2015 @ 4:57 pm By JD Alois  |  

Seedrs has become the go-to platform for crowdfunding platforms looking to raise some capital. The next listing to leverage Seedrs is Property Regions, a crowdfunding platform facilitating investing in real estate in the UK. The Property Regions site is only accepting emails for updates as… Read More

December 28, 2015 @ 5:00 pm By JD Alois  |  

“We have awesome plans for 2016” – Gonçalo de Vasconcelos It took less than a year for UK based investment crowdfunding platform SyndicateRoom to top £10 million and now the platform claims the spot as the second largest equity funding portal in the UK and is… Read More

December 28, 2015 @ 1:22 pm By Samantha Hurst  |  

Just one week after launching its Seedrs equity crowdfunding campaign, on-demand, in home spa service Milk Beauty has successfully secured nearly £250,000. The company turning to the platform with a mission to raise £300,000 for an 18.76% equity stake. Milk Beauty offers at home, in office and… Read More

December 28, 2015 @ 10:35 am By Samantha Hurst  |  

With less than one week until its Crowdcube initiative comes to an end, London cycling pub, Cadence Performance, has successfully raised nearly 500,000. Frank Beechinor and Ray Vella founded the company, which is currently located in Crystal Palace, in 2012: “Both keen cyclists, Ray and… Read More

December 28, 2015 @ 9:49 am By Samantha Hurst  |  

During the fifth week of its How to Crowdfund series, Crowdfunder UK unveiled the creating great rewards rules. The reward-based crowdfunding platform declared: “Rewards are benefits, products or services offered by the project. Examples of rewards are thank you tweets, events and experiences, products and mementoes of… Read More

December 27, 2015 @ 7:43 pm By Karteek Patel  |  

Of course, those of us who work in the alternative finance industry understand very well the benefits this new form of finance offers to everyone. But with recent data revealed at this autumn’s LendIt conference suggesting that retail investor awareness has plateaued in the last… Read More

December 26, 2015 @ 12:42 pm By JD Alois  |  

  The end of one year, and the entry into another, typically brings a cacophony of predictions for the new year along with lamentations and accolades for the one ending. At the beginning of 2015 (January 2nd to be precise), I peered deeply into my… Read More