SumUp says it now offers a cash advance product for several European markets, including Germany, France, Ireland, and the Netherlands. The product was first introduced in the UK in 2020. The service allows merchants to tap into funding of up to £20,000. Typically, the funds… Read More
Read more in: Fintech, Global | Tagged cash advance, sumup, uk, unitd kingdom
The change in the US administration is expected to usher in a new era of digital asset innovation. During the Biden Administration, there was open hostility toward crypto that went beyond the pursuit of fraud and scams. Many firms sought to be regulated but were… Read More
Read more in: Blockchain & Digital Assets, Global, Opinion | Tagged payments, perspective, Riccardo Tordera Ricchi, stablecoins, the payments association, uk, unitd kingdom
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
Read more in: Global | Tagged british business bank, uk, unitd kingdom, united kingdom
Two digital asset firms, R3 and Quant, have been chosen to provide services for the UK’s Regulated Liability Network (RLN). R3 is an enterprise focused permissioned blockchain provider named Corda. Quant is a tokenization service supporting traditional financial institutions. RLN is led by UK Finance… Read More
Read more in: Blockchain & Digital Assets, Featured Headlines, Global | Tagged quant, r3, regulated liability network, rln, uk, unitd kingdom
7IM has selected Bloomberg AIM, an order management system, to boost the firm’s goal of an efficient target operating model to support assets under management (AUM) growth, according to the company. 71M is a young investment management platform that works with professional wealth managers, planners,… Read More
Read more in: Fintech, Global | Tagged bloomberg, ul, unitd kingdom
British Business Investments, a commercial subsidiary of British Business Bank plc – the UK government’s economic development bank, has announced a €30 million “initial” investment to Atempo Growth’s inaugural venture debt fund. The new fund is expected to target VC-backed businesses in the UK and… Read More
Read more in: Global, General News | Tagged british business investments, judith hartley, uk, unitd kingdom
Borrow a Boat, a marketplace for boat charters, is raising capital on Seedrs and the securities offering has almost hit its initial goal of £750,000. Borrow a Boat is pitching equity at a pre-money valuation of £25 million representing 2.91% ownership stake. The securities will… Read More
Read more in: Offerings, Global | Tagged borrow a boat, seedrs, uk, unitd kingdom
Insurtech Zego says it has raised $150 million at a $1.1 billion valuation thus emerging as the UK’s first Insurtech unicorn. Zego is an automobile insurance provider for businesses, from entire fleets of vehicles to self-employed drivers and riders. Zego believes that the problem with traditional… Read More
Read more in: Global, Insurtech | Tagged dst global, general catalyst partners, sten saar, tom stafford, un, unitd kingdom, zego
Peer to peer lender Folk2Folk has received full approval from the Financial Conduct Authority (FCA). While many prominent peer to peer lenders are operating under interim approval, Folk2Folk points out it is the lagest P2P lender to receive full authorization to date. Folk2Folk has lent… Read More
Read more in: Investment Platforms and Marketplaces, Global | Tagged fca, financial conduct authority, p2p, peer to peer, uk, unitd kingdom
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