Tagged: united kingdom

Update: Snaffling Pig Closes Crowdcube Round With Nearly £1.3 Million in Funding Secured

Snaffling Pig, a UK-based pork brand, closed its equity crowdfunding campaign on Crowdcube last week after securing £1,286,000 in total funding. Originally seeking £750,000, the campaign quickly secured its initial funding target while offering 7.67% in equity at a £10 million pre-money valuation. Snaffling Pig… Read More

Decentralized Communication Firm New Vector Raises $8.5 Million to Drive Adoption for Messaging Protocol Matrix

UK-based decentralized communication company New Vector raised $8.5 million to help drive adoption for an alternative messaging protocol, called Matrix. The Matrix protocol has been designed to enable secure communication through end-to-end encrypted messaging platforms such as Riot.IM, which is an alternative to Slack, Telegram,… Read More

UK’s Royal Mint Partners With Mastercard to Launch £18,750 Gold Payment Card

UK’s Royal Mint has developed a solid gold payment card that’s priced at £18,750 (appr. $23,460). Royal Mint is a government-owned firm that is tasked with minting coins for the UK. The company noted that it partnered with Mastercard and payments technology firm Accomplish Financial… Read More

Home-Stay Service UnderTheDoor Launches Crowdfunding Campaign on Crowdcube & Quickly Secured £400,000 Funding Target

UnderTheDoor, a UK-based premium home-stay service for homeowners and guests providing hotel quality in the comfort of homes, has launched an equity crowdfunding campaign on Crowdcube and quickly secured £400,000 funding target from nearly 200 investors. The company is currently offering 6.03% in equity at… Read More

UK Financial Conduct Authority Updates on Expectations as Brexit Deadline Nears

The UK Financial Conduct Authority (FCA) has published updated information on the ramifications of Brexit in a no deal scenario. Currently, the UK is scheduled to exit the European Union on October 31st. Recently, there has been some more positive chatter on negotiations, and the… Read More

UK based Smartlands Signs Agreement with US based Broker Dealer IIP

Smartlands, “a digital platform for crowdfunding investments via the issuance of digital shares in the form of security tokens,” has signed a “Cooperative Agreement with IIP Securities – a US-based broker-dealer, according to a company release. Smartlands states that the agreement will enable it to… Read More

Update: UK Insurtech Pluto Now Nearing £600,000 Through Seedrs Funding Round

Pluto, a UK-based insurtech focused on travel insurance, is now nearing 600,000 in funding through its equity crowdfunding campaign on Seedrs. The funding round was launched last month and quickly raised its initial 200,000 funding target. Founded in 2018, Pluto seeks to help customers make… Read More

UK Fintech Yordex Announces New Smart Company Card to Spending Management Solution Software

Yordex, a UK-based fintech, announced last week the introduction of its smart company card to spend management solution software. The company reported that it is making it “simple for fast-growing companies” to control business spend by adding company cards to its smart spend management solution,… Read More

ShareIn Plans Significant Growth with ShareInPay

ShareIn, an Edinburgh based Fintech, has announced plans to expand the team to 40 people over the coming year. The company says the expansion aligns with the recently announced launch of ShareInPay. Prior to the launch of ShareInPay, the company offered direct investment platforms. ShareInPay… Read More

Crowdcube Shares Top Line Results: Record Growth in Q3

The UK’s largest investment crowdfunding platform Crowdcube has shared their top-line results for Q3. According to the platform, Crowdcube has achieved record revenue. Revenue is up 38%, reaching £2.2 million, totaling £58.7 million of pledged investment. During the quarter, a record ​62,000 in pledged investments… Read More

P2P Lender RateSetter Reports “Significant Reduction in Losses,” Profitability Nears

Peer to peer lender RateSetter has reported that for the year March 2019 losses have dropped from £27.5 million in the previous year to £4.2 million. The company claims it has taken a “big step towards profitability. Topline revenue was reported at £33 million with… Read More

Almost Half of UK’s Young Bank Customers Would Switch to Another Financial Service Provider for a Better Online Experience

Approximately half, or 50%, of young consumers in the UK would consider opening an account with a different bank to receive a better online banking experience, according to a report by software firm Mulesoft. The tech company investigated bank account holders’ attitudes and preferences related… Read More

Seedrs is Crowdfunding. Should You Invest?

Seedrs, a leading UK based crowdfunding platform, has launched its anticipated investment crowdfunding campaign. The offering, now open to all investors, is part of a larger £4.5 million funding round backed by institutions. Seedrs, the first approved crowdfunding platform to launch in the UK, has… Read More

Update: Snaffling Pig Set to Close Crowdcube Round With More Than £1.1 Million in Funding Secured

Snaffling Pig, a UK-based pork brand, is set to close its equity crowdfunding campaign on Crowdcube with more than £1.1 million raised from nearly 1600 investors. The funding round was launched last month and quickly secured its initial £750,000 funding target. The company is offering… Read More

GoodBox Returns to Seedrs; Now Seeking £1 Million in Funding

Less than two years after securing £2.6 million through its previous Seedrs campaign, GoodBox, a tech-company focused on building solutions that connect donors and causes, has returned to the equity crowdfunding platform to raise £1 million. As previously reported, GoodBox was founded in 2016 by… Read More

London Stock Exchange Group-backed Fintech Nivaura Hires HSBC Executive Chris Jones

UK-headquartered Nivaura, a regulated Fintech firm supported by the London Stock Exchange Group, has hired HSBC executive Chris Jones, the company confirmed. Nivaura helps clients review and process capital market legal documents. Jones will be advising on product features and he will also be responsible… Read More

UK Modern Plant Shop Patch Nears £1.1 Million Through Equity Crowdfunding Efforts on Crowdcube

Patch, a UK-based modern plant shop for “modern plant people,” has not only surpassed its initial £500,000 funding target, it is now nearing £1.1 million secured during its equity crowdfunding campaign on Crowdcube. Through the funding round, the company is offering 5.05% in equity at… Read More

Overfunding: UK Fintech Anna Money Surpasses £3 Million Funding Target on Seedrs

Anna Money, a UK-based fintech that specializes in SME business banking, has successfully secured its initial £3 equity crowdfunding campaign target on Seedrs. As previously reported, Anna stands for Absolutely No-Nonsense Admin. The company describes itself as a business current account for startups and small… Read More

Yolt Now Provides Access to Raisin with Integration of Savings Accounts

In partnership with Raisin, Yolt has launched access to competitive savings accounts in the UK, Italy and France. Raisin announced a new relationship with Yolt this past summer. Yolt users may now apply for a Raisin account accessing a range of deposit products, select from… Read More

Fintech: UK’s OakNorth Bank Appoints Former Google Executive Sunil Chandra As CEO of Its New Credit Platform

OakNorth, a UK-based digital bank that provides business and property loans to small and medium-sized businesses, announced on October 7 the appointment of Sunil Chandra as CEO of its new credit platform. Chandra, a former VP at Google Inc, helped scale the internet company’s talent… Read More

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