Tagged: united kindom

UK’s PensionBee Announces Proposed US Business Expansion

PensionBee Group plc, an online pension provider, recently announced it has entered into an exclusive, non-binding term sheet “with a large, US-based global financial institution in order to expand into the United States of America.” The US has the world’s largest Defined Contribution pension market,… Read More

UK’s Assetz Capital Commits to Additional Investment in Northern Ireland

Assetz Capital has appointed Ciaran McGivern as Relationship Director for Northern Ireland following growth of our developer client base. Assetz Capital claim they have “provided £152m of property lending to the region focusing on residential development projects, office to residential refurbishment schemes and commercial mortgages.” As… Read More

Robinhood CEO Defends Payment for Order Flow Model, Company Announces UK Launch

Robinhod (NASDAQ: HOOD) Chief Executive Officer Vlad Tenev recently said that he does not think that the payment for order flow (PFOF) model of market-maker routing that the firm incorporates in the United States is under any type of threat. This would be despite suggestions… Read More

Cloud Banking Fintech Mambu Teams Up with UK’s Specialist Lender Aldermore Bank

Mambu, a cloud banking platform, and Aldermore Bank, a UK retail bank and specialist lender, have entered a strategic partnership. Aldermore Bank explains that it “provides financing for homeowners, landlords, and business owners, as well as award-winning savings accounts and motor finance.” The partnership with… Read More

Westbrooke’s Yield Plus UK Secured Private Debt Fund Receives £25M Revolving Credit Facility from RMB

Rand Merchant Bank (RMB) and Westbrooke Alternative Asset Management UK Limited are pleased to announce the completion of a £25m credit facility to Westbrooke Yield Plus Plc. This strategic move has opened new doors for the Fund, “offering a broader spectrum of opportunities, more effective… Read More

SME Lending, Banking Services for Fintechs: LHV Bank Extends Maximum Loan Size to UK SMEs to £5M

LHV Bank, a provider of banking services to fintechs and SME lending solutions for UK businesses, announces the extension of its maximum loan size to £5 million, enabling further support for UK SMEs aiming to grow. LHV Bank’s Manchester-based SME lending team “offers commercial mortgages… Read More

UK’s Salad Money Acquires £40M Debt Facility to Get Credit to Essential Workers

Social purpose Fintech firm Salad Money will aim to serve the demand for affordable credit from NHS and public sector employees after receiving a senior debt facility of as much as £40 million via a US-headquartered credit fund. The facility means more essential workers among… Read More

Investment Platform Lightyear Introduces In-App Access to Earnings Calls

Finance software startup Quartr and investment platform Lightyear announce a partnership to bring Quartr’s convenient “access to earnings calls audios, reports and slide decks to the Lightyear platform.” Quartr has “collected company information from roughly 7,000 listed companies and have, since this autumn, started redistributing… Read More

UK Digital Asset Protection Firm Coincover Appoints Katharine Wooller as Business Unit Director

Coincover – the digital asset protection technology company – announces the appointment of Katharine Wooller as Business Unit Director, bolstering the firm’s profile with her extensive expertise. The news concludes a year of steady growth for the company, “just months after Coincover launched its new… Read More

UK’s Business Banking Platform Tide Appoints New Chief Product Officer

Tide, the UK’s business banking platform, has announced the appointment of Vinay Ramani to the new role of Chief Product Officer. Vinay will drive Tide’s vision “for its global product strategy, broaden Tide’s small business-focused offering in the UK and India, and progress Tide’s members’… Read More

TSB Bank Fine by UK Regulators Highlights Need to Improve IT Infrastructure: Report

Following the news that British lender TSB Bank was fined $48.65m ($59.07m) by the Financial Conduct Authority and the Prudential Regulation Authority over “a botched IT platform migration that left two million customers locked out of their accounts in 2018,” Chris Dinga, Payments Analyst at… Read More

European Fintech iwoca SME Expert Index: Cash Flow Now a Priority for SMBs

With inflation hovering at a 40-year high, “managing day to day cash flow has become the primary reason for small business applications for finance,” according to iwoca’s latest SME Expert Index. The survey of brokers has “revealed that managing cash flow is the most common… Read More

SD Worx Teams Up with Fintech Modulr to Support Faster Payments for Workforce

HR and payroll services provider, SD Worx, is committed to making additional investments in people-based Fintech services for its clients by working with Modulr, the embedded payments platform that supports quicker payroll payments. Traditional Bacs payments for payroll usually take around three business days to… Read More

Archax, BondEvalue to Deliver Solutions for Trading of Fractional Fixed Income Products

Archax and BondEvalue have announced a strategic partnership “to deliver digital solutions for the ownership, trading and custody of fractional fixed income products using blockchain technology.” Archax, which claims to be the “first” and only Financial Conduct Authority (FCA)-regulated digital securities exchange, broker and custodian,… Read More

BoardClic, a Swedish SaaS B2B Platform for Mgmt Team Evaluations, Secures Funding

Swedish board evaluation platform BoardClic has raised €1.2 million “to boost next phase of international expansion.” BoardClic, a Swedish SaaS B2B platform for digital board and management team evaluations, has successfully acquired €1.2 million, according to an update shared with CI. The funding will be… Read More

Judith Hartley Appointed CEO, British Business Investments

Judith Hartley has been appointed CEO of British Business Investments, which is one of the British Business Bank’s commercial subsidiaries. Judith Hartley, who was appointed acting CEO of British Patient Capital and British Business Investments in September 2020, will “take up the permanent role of… Read More

Open Banking: Salt Edge and Five Degrees Partner on Digital Banking Services

Salt Edge and Five Degrees have partnered on digital banking. Salt Edge is an open banking solution provider that is currently integrated with thousands of financial institutions operating in over 50 countries. Five Degree is a digital banking platform that offers a core banking platform… Read More

FLEETCOR Technologies to Acquire UK based Cross-Border Business

FLEETCOR Technologies, Inc. (NYSE: FLT), a global business payments company, recently announced it has signed a definitive agreement “to acquire the Global Reach Group, a UK-based cross-border payments provider.” With the acquisition, FLEETCOR increases its cross-border payments scale and strengthens its position “as one of… Read More

London Fintech Banked to Focus on US Expansion After Securing Fresh Capital from Bank of America, Others

Brad Goodall, CEO and Founder at Banked, notes that it’s a big day for the company – with the announcement of their Series A and their partnership with Bank of America. Goodall also mentioned that the entire team at Banked have worked really hard to… Read More

UK’s Sourced Capital Obtains Direct Authorization from the Financial Conduct Authority

Sourced Capital, a UK property investment platform and wholly-owned subsidiary of the Sourced Group, has announced that it received direct authorization from the Financial Conduct Authority (FCA) and “acquired Peer Funding Limited, a peer-to-peer business platform.” Sourced Capital says that it proved its solid track… Read More

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