Tagged: uk

October 1, 2024 @ 8:26 am By Omar Faridi  |  

FOLK2FOLK, the UK’s peer to peer lending company, has announced Carlos Howard as its new Head of Business Development. Carlos brings over 20 years of leadership “experience in financial services, legal, and manufacturing sectors, with a focus on sales, customer care, operations, and strategic roles.”… Read More

September 30, 2024 @ 9:09 pm By Omar Faridi  |  

Fintech firm TrueLayer recently shared its FY2023 report. TrueLayer has reported £12 million of revenue and £55 million in total losses for this financial period. Truelayer is Europe’s open banking network, enabling service providers to onboard users, accept money and carry out payouts within a… Read More

September 30, 2024 @ 4:10 pm By JD Alois  |  

Growth Capital Ventures (GCV) , an online investment platform based in the UK, is reporting on an exit from QikServ – a company that sold shares on the GCV platform. QikServ has been acquired by The Access Group, according to the company. QikServe is a… Read More

September 30, 2024 @ 12:58 pm By JD Alois  |  

The Digital Securities Sandbox (DSS) is now open for applications. Digital securities, or tokenized assets, are widely believed to be the future of the securities sector. While anticipation of the migration to digital from more analog issuance and trading of securities has been predicted for… Read More

September 30, 2024 @ 8:47 am By Omar Faridi  |  

UK Fintech firm Codat has recently released its FY 2023 report. The UK based Fintech Codat is reporting a modest £14 million in total revenue for this period a swell as £34 million in losses for the same financial period. Codat is a UK-headquartered fintech… Read More

September 28, 2024 @ 10:37 am By Omar Faridi  |  

OakNorth, the digital bank for entrepreneurs, by entrepreneurs, has provided a £40m NAV Revolving Credit Facility (RCF) to returning customer, Literacy Capital. Founded in 2017 by Paul and Richard Pindar, Literacy is “a closed-end investment company focused on investing in and supporting growing UK businesses and… Read More

September 27, 2024 @ 10:52 am By JD Alois  |  

FCA-regulated real estate investment platform Shojin and Anarock, a Dubai-based real estate brokerage firm, have announced a new partnership. According to a company statement, the two firms will open up real estate investment opportunities for each of their investor networks. Anarock’s clients from Dubai will gain access to… Read More

September 27, 2024 @ 10:34 am By Omar Faridi  |  

PensionBee has responded to the Department for Work and Pensions’ (DWP) Pension Investment Review, emphasizing the importance of “keeping savers’ best interests at the forefront of any potential changes in the pensions market.” PensionBee believes that consolidation in the Defined Contribution (DC) market may offer… Read More

September 27, 2024 @ 9:50 am By Omar Faridi  |  

New research released by KPMG provides insight into whether consumers would reduce some of the buying and saving behaviors that have become more prevalent during the cost of living crisis, if they had more disposable income available to spend. KPMG UK’s Consumer Pulse survey gauged… Read More

September 26, 2024 @ 12:25 pm By JD Alois  |  

Both London and New York City have long been top global financial centers, and both locales have emerged as Fintech leaders. The sheer size of the US market has helped NYC maintain a significant advantage over London in global rankings, but a report shared today… Read More

September 26, 2024 @ 11:42 am By JD Alois  |  

Prime property financing platform CapitalRise says that housing in the Home Counties, areas surrounding London, saw home prices increase by 37% more than homes in the rest of England. The Home Counties are deemed to be desirable areas outside of London. Specifically, house prices in… Read More

September 26, 2024 @ 9:06 am By Omar Faridi  |  

The UK economy is said to be at a crossroads with weaker than expected growth to leave less room for the Chancellor in the Autumn Budget. This, according to an update from KPMG. According to KPMG in the UK, this weaker growth is set “to… Read More

September 26, 2024 @ 7:58 am By Omar Faridi  |  

As summer comes to a close and the nights draw in, new research from NatWest Premier reveals that half (50%) of Brits admit “to overspending, with fear-of-missing-out being the primary driver for 25%.” Furthermore, around one in five agree “that the pressure to keep up… Read More

September 25, 2024 @ 12:34 pm By Omar Faridi  |  

The UK’s Financial Conduct Authority (FCA) intends to launch a market study into how pure protection insurance products are sold following concerns that competition is not working well in the market. The study will be launched later in 2024/25. Pure protection products are designed “to… Read More

September 25, 2024 @ 10:45 am By JD Alois  |  

Darren Westlake, co-founder and former CEO of Crowdcube, has topped £150,000 in a funding round listed on the platform he launched. Westlake is steering clear of financial services, though, as his new startup is music-based. Crowdcube is one of the largest investment crowdfunding platforms in… Read More

September 25, 2024 @ 7:18 am By Omar Faridi  |  

Newton Property Management has expanded its existing relationship with bank payment company GoCardless by adding Instant Bank Pay, its open banking-powered payment feature, to the Direct Debit functionality it uses already. Through GoCardless’ unique combination of Direct Debit and open banking payments, Newton can now… Read More

September 24, 2024 @ 11:49 am By JD Alois  |  

UK startups received $10.1 billion in venture capital (VC) funding from January through August 2024 according to a report. The funding was committed to 673 individual deals. GlobalData reports that this is an improvement by 14.8% in funding year over year. At the same time,… Read More

September 24, 2024 @ 11:20 am By JD Alois  |  

Liberty Leasing will receive £15 million from the British Business Investments. Liberty Leasing received a £15 million facility in 2021 so this brings the total committed to £30 million. Liberty Leasing is a specialist financing firm that caters to smaller businesses in the construction, engineering,… Read More

September 24, 2024 @ 10:58 am By JD Alois  |  

The Payments Association in the UK is calling for a national payments plan. The Payments Manifesto 2025 seeks to create conditions to support growth and innovation in payments. The Payments Association says it has urged UK authorities to “undertake a swift and well-defined review which… Read More

September 24, 2024 @ 8:15 am By Omar Faridi  |  

Knoops, which is currently raising funds via Crowdcube, explains that it celebrates the ritual of drinking chocolate, specializing in “expertly crafted” hot & cold drinks; aiming to do what was done for barista coffee. According to Knoops, it is raising funds in order “to grow… Read More