Tagged: uk

July 28, 2015 @ 12:45 pm By Erin Hobey  |  

Established in 2012 and based in the UK and Hungary, Powered Now focuses on developing software for business owners. Co-founders are the serial entrepreneurs and e-commerce trailblazers Chris Barling (who set up Actinic in 1996) and Benjamin Dyer, a software developer and former director at… Read More

July 28, 2015 @ 10:58 am By Erin Hobey  |  

Mambu, the SaaS banking platform provider, today announced that Reparo Finance, an independently-owned business finance company  specializing in SME business lending, has selected Mambu to launch a new business line offering loans to small-to-midsize enterprises (SMEs) in the UK.  The company chose Mambu’s cloud-based platform… Read More

July 28, 2015 @ 9:33 am By JD Alois  |  

Cash Genie, operated by Ariste Holding Limited, has agreed to pay over £20 million to over 92,000 former customers for unfair business practices. According to the Financial Conduct Authority (FCA), Cash Genie charged fees and interest which were unfair. The FCA gave the example of Cash… Read More

July 28, 2015 @ 7:51 am By JD Alois  |  

GLI Finance, a portfolio company that operates multiple internet finance companies, states their platforms are experiencing solid growth as “SME finance opportunity continues to boom”.  GLI is publicly traded on the LSE. According to a company report, the GLI platforms leading the charge include; Finexkap… Read More

July 27, 2015 @ 12:51 pm By Samantha Hurst  |  

In order to start expanding, Poole-based cargo bike manufacturer, Boxer Cycle, has launched an equity crowdfunding campaign on Seedrs with a mission to raise £48,000 with a 7.41% per equity. The company stated: “Boxer Cycles are based in Poole, Dorset and use local manufacturers and… Read More

July 26, 2015 @ 11:12 pm By JD Alois  |  

A trip to the dentist is right up there with visiting your bank or calling your ISP. While probably not as bad as calling your ISP, dentistry today will be consider barbaric in the not so distant future and Reminova views itself as a significant… Read More

July 24, 2015 @ 3:05 pm By Samantha Hurst  |  

Giving kids a reason to love rainy days, Northfolk-based startup Holly and Beau has launched an equity crowdfunding campaign on Crowdcube to raise £50,000 for its color changing rainwear. The company was founded in 2012 by brother and sister duo Jack and Fleur Passant. They were inspired to create… Read More

July 24, 2015 @ 10:17 am By Karteek Patel  |  

Something strange is happening. It may be received wisdom that women tend to invest less than men, and that when they do they are more risk averse, but something is up. Something is changing and it’s changing in a pretty fundamental way that might mean… Read More

July 24, 2015 @ 8:16 am By JD Alois  |  

UK equity crowdfunding platform SyndicateRoom has been selected as a finalist for two awards. SyndicateRoom is in the running for Lloyds Bank National Business Awards and the 2015 Growth Investor Awards. The platform will compete in the ‘New Business of the Year’ category at the National… Read More

July 21, 2015 @ 8:56 pm By JD Alois  |  

Funding Circle has declared approximately $235 million in lending for Q2, boosted in part by a solid June that saw $100 million in loans alone. Funding Circle stakes the claim as the “world’s leading online marketplace for business loans”. Funding Circle stated the US market grew a… Read More

July 21, 2015 @ 11:31 am By Samantha Hurst  |  

Earlier this month, mountable glue company Sugru successfully raised over £3.5 million through UK’s equity crowdfunding platform, Crowdcube. The project broke two funding records – largest single investment (£1 million) and widest reach with shareholders found in 68 countries. Now, Sugru’s CEO Jane ni Dhulchaointigh is… Read More

July 20, 2015 @ 1:08 pm By Samantha Hurst  |  

Julia Elliott-Brown, CEO and co-founder of UK brand Upper Street, recently shared how crowdfunding is perfect for female entrepreneurs. This past spring, Upper Street launched an equity crowdfunding campaign on Seedrs and raised a total of £229,626. The London-based shoe label founded five years ago by Elliott Brown and Katy Chandler, aims to… Read More

July 20, 2015 @ 7:18 am By JD Alois  |  

 Startupbootcamp FinTech, an accelerator focused on disruptive finance, has published the 10 international startups selected to join its London program. The finalists include teams from across Europe, America and Asia-Pacific. According to Startupbootcamp, half of the class is already generating revenue and the entire group has already raised… Read More

July 18, 2015 @ 7:39 am By JD Alois  |  

The Peer to Peer Finance Association (P2PFA) in the United Kingdom has released its quarterly tally of P2P loans for Q2 and according to the association loans came in at £507,336,204. This is for both consumer and SME loans and represents an increase of £48,103,898… Read More

July 17, 2015 @ 4:34 pm By Samantha Hurst  |  

Less than two weeks until its equity bond campaign on Crowdcube comes to an end, UK coffee and cocktail shop, Grind, has not only surpassed its initial of £750,000, it is currently sitting at over £975,000. Grind was established in London by coffee enthusiasts David Abrahamovitch and Kaz James… Read More

July 17, 2015 @ 10:16 am By JD Alois  |  

Martin Wheatley, the current FCA CEO, has announced his departure from the regulatory agency as of September 12, 2015. Wheatley will continue to advise the FCA board until January of 2016. Tracey McDermott will be taking over as Acting CEO from September 12 while the search for… Read More

July 17, 2015 @ 7:59 am By JD Alois  |  

The UK Government has published a consultation paper on the deduction of income tax from interest on peer to peer lending. Closing comments are expected by September 18, 2015. The query tackles the issue of who should deduct and pay taxes. The challenge is not… Read More

July 15, 2015 @ 4:32 pm By Samantha Hurst  |  

Seeking to honor Chinese artist, Ai Weiwei, London’s Royal Academy of Arts (RA) has launched a Kickstarter campaign to raise $155,025 so that it can bring his tree sculptures to the Annenberg Courtyard from September to December 2015. The Royal Academy of Arts (RA) states that… Read More

July 15, 2015 @ 11:35 am By Samantha Hurst  |  

With less than 24 hours until its equity crowdfunding campaign on Crowdcube comes to an end, UK restaurant Filmore & Union has successfully secured over £600,000 thanks to nearly 160 investors. The healthy eating restaurant was founded in 2011 by Adele Carnell and has opened seven locations in… Read More

July 14, 2015 @ 4:49 pm By JD Alois  |  

Funding Circle is on a trajectory to originate around $1 billion in loans for 2015. The direct lender facilitated $100 million in loans in both the US and UK combined for the month of June, according to CEO and founder Samir Desai. The marketplace lending… Read More