Tagged: uk

December 3, 2024 @ 7:24 am By Omar Faridi  |  

A report released by the UK’s business bank NatWest, in partnership with Oliver Wyman and supported by the Business Secretary, Jonathan Reynolds MP, has identified that the United Kingdom’s mid-market businesses are like the “unsung engine” of the nation’s economy. More than 13,000 of these… Read More

December 2, 2024 @ 12:09 pm By JD Alois  |  

The UK is expected to make some major tax changes in the coming year to ostensibly fill the budget “black hole.” The new Labour government has messaged its intent to levy a higher tax on capital gains and remove the so-called “non-dom” status, which allows citizens… Read More

December 2, 2024 @ 11:13 am By Tony Zerucha  |  

With Bitcoin soaring to nearly $100,000 and gaining unprecedented recognition on the global stage, the time has come for the UK to embrace the idea of a strategic Bitcoin reserve, deVere Group CEO Nigel Green said this week. There has been chatter in the US… Read More

December 2, 2024 @ 10:24 am By JD Alois  |  

Equity holders of leading digital bank Revolut may soon have the opportunity to sell some of their shares. According to Bloomberg, former employees who have held shares for more than 2 years and have over $100,000 in value may be able to sell up to… Read More

November 30, 2024 @ 8:16 pm By Michael Wong  |  

British digital savings and mortgage platform Tembo has secured €16.8 million ($17.8 million) in a Series B funding round, aiming to expand its services and tackle the ongoing affordability challenges in the UK’s housing market. This latest investment brings the company’s total funding to €24… Read More

November 29, 2024 @ 1:33 pm By Omar Faridi  |  

The UK’s Competition and Markets Authority (CMA) letter to Monzo focuses on issues related to the digital bank allegedly breaching Parts 3, 7, 8 and 12 of the Retail Banking Order. CMA finds breaches of Parts 3, 7, 8 and 12 of the Retail Banking… Read More

November 29, 2024 @ 10:25 am By JD Alois  |  

Crypto exchange Bitstamp is partnering with LTP to provide liquidity and credit solutions for institutional-grade crypto trading. LTP is a prime brokerage that serves sophisticated investors in accessing liquidity, along with speed and efficiency. LTP believes the partnership will enhance liquidity for its clients while… Read More

November 29, 2024 @ 8:33 am By Omar Faridi  |  

Investment platform Lightyear announces that it received direct authorization from the Financial Conduct Authority (FCA) earlier this year, and will be relaunching for consumers and businesses in the UK, with FSCS protection, ISAs and more. Lightyear has been regulated in the UK as an appointed… Read More

November 28, 2024 @ 10:05 am By Omar Faridi  |  

Scottish Equity Partners (SEP), a UK based growth equity investor, announced a growth investment in Springtime Technologies, an accounts payable automation software company operating in Vienna, Austria. The investment from SEP will now aim to accelerate Springtime’s product development and expand its market presence. Springtime’s… Read More

November 28, 2024 @ 8:55 am By Omar Faridi  |  

Neeraj Baid, Co-founder and CEO of Atlantic Money, noted that his firm has been acquired by Deel, the all-in-one payroll and HR platform for global teams. Baid also mentioned that when they launched Atlantic Money two years ago, their goal was to create the world’s… Read More

November 28, 2024 @ 8:30 am By Omar Faridi  |  

OakNorth, which claims to serve as the digital bank for entrepreneurs, by entrepreneurs, has provided a £3.3m loan to debt recovery company, BPO Collections, a wholly owned subsidiary of Canadian-based, Everyday People Financial Corp. Established by Graham Rankin back in 2006, the firm remains focused… Read More

November 27, 2024 @ 11:11 am By JD Alois  |  

The British Business Bank says it has launched the ENABLE Funding (CEF) program that aims to increase funding to the social impact sector. The Bank states that the initiative is primarily seeks to assist Community Development Financial Institutions (CDFIs), and is expected to provide a… Read More

November 27, 2024 @ 10:56 am By JD Alois  |  

The UK initially expected to reveal new rules to manage the burgeoning stablecoin sector of digital assets this year. In recent days, the UK government revealed that stablecoin rules were being pushed back until 2025, but the change will incorporate broader regulations that will enable… Read More

November 27, 2024 @ 10:26 am By JD Alois  |  

OpenTrade has closed on a $4 million “Seed extension round” as it seeks to build out real-world asset-backed lending and stablecoin yield products. The funding was led by AlbionVC, with a16z Crypto and CMCC Global returning as investors. OpenTrade explains that its services aim to… Read More

November 27, 2024 @ 8:37 am By Omar Faridi  |  

Nearly a quarter (22%) of UK adults have experienced card and phone payment issues in the last six months, with over two-thirds saying it’s made them more likely to carry cash, according to research from KPMG UK. Although the majority (76%) of UK consumers are… Read More

November 26, 2024 @ 4:35 pm By Omar Faridi  |  

iwoca, one of Europe’s SME lenders, announces access to a £500,000 fund to help small businesses and employees build skills in artificial intelligence (AI) and data analytics. Teaming up with learning provider Multiverse, iwoca can now transfer half of its unused apprenticeship levy (~£250,000) to… Read More

November 26, 2024 @ 11:48 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) says ownership of crypto is on the rise in the country. According to the securities regulator, 12% of UK adults hold digital assets, an increase from their previous study when 10% reported holding crypto. The FCA says that awareness… Read More

November 26, 2024 @ 10:09 am By JD Alois  |  

UK Secretary to the Treasury Tulip Siddiq now expects stablecoin rules to emerge next year. Originally, stablecoin regulations were on the calendar for 2024. Bloomberg reports that the delay is due to the change in government, and the new Labour leadership needs more time. Simultaneously,… Read More

November 26, 2024 @ 8:53 am By Omar Faridi  |  

Eurobank has announced that it expanded its strategic partnership with UK-based Plum Fintech Limited by advancing a second €5 million minority capital investment to Plum, which claims to be one of Europe’s fastest-growing fintechs that has built a “smart money management” app. With its latest… Read More

November 25, 2024 @ 9:04 am By Omar Faridi  |  

Modulr, an embedded payments platform, announces its acquisition of Nook, an innovator in accounts payable (AP) automation. Both companies said they aim to address inefficiencies, remove manual steps and improve the overall security of making business payments. These are significant concerns, as highlighted by Modulr’s… Read More