Tagged: united kingdom

FCA Chief Executive, Nikhil Rathi, Updates on UK Fintech

Nikhil Rathi, Chief Executive of the UK Financial Conduct Authority (FCA), delivered a speech yesterday during a presentation at UK Fintech Week. Entitled, Levelling the playing field – Rathi provided perspective on innovation in financial services. He said that in 2019, Fintech revenue rose to… Read More

UK Fintech 3s.Money, a Banking Challenger that Helps Corporates with Managing Fund Transfers, Secures £3M in Capital

UK-based 3s.money, a startup that assists corporates with accepting and managing their bank transfers in foreign markets, has reached a £40 million valuation following a £3 million Series B round that was led by TMT Investments. As stated on 3s.money’s website: “3S Money is a… Read More

London based Challenger Bank OakNorth Reportedly Entered into Deals with Capital One, Fifth Third Bank

UK-based Fintech OakNorth has reportedly entered into software deals with US banking institutions Capital One and Fifth Third, according to a report from BI. The London-headquartered Fintech firm has managed to onboard two new clients for its credit intelligence product offering. Capital One and Fifth… Read More

UK Fintech Payhawk Finalizes $20M Series A Round led by QED Investors, with Contributions from Earlybird VC Fund

UK-based Fintech Payhawk, a company focused on developing the “financial system of tomorrow” that combines credit cards, payments, and expenses into “one experience,” has revealed that they’ve closed a $20 million Series A financing round. The firm’s management noted on April 20, 2021, that this… Read More

London based Clear Junction, a Payments Solution Provider, to Offer Banking Solutions to Gibraltar’s Turicum Private Bank

London-based Clear Junction, a global payments solution provider, revealed on Tuesday (April 20, 2021) that it’s offering banking and payments solutions to Turicum Private Bank, with a key focus on handling real-time payments in GBP and EUR. Turicum Private Bank is a privately-owned banking institution… Read More

UK’s Digital Banking Unicorn Starling May Acquire Another Lender, CEO Anne Boden Reveals During UK Fintech Week

UK-based digital banking challenger Starling‘s CEO Anne Boden has revealed that the Fintech Unicorn is now well-positioned to acquire another lender. Boden also noted that there’s not a significant requirement for technology visas since the UK has the required talent. Starling, which has strategic funding… Read More

P2P Lender Folk2Folk Reports Strong Start for IFISA

Folk2Folk, a peer-to-peer lender serving UK SMEs, is reporting a big start to the new tax year for its Innovative Finance ISA (IFISA). According to the company, the first week of the new 2021/22 tax year saw a 200% increase in ISA inflows compared to… Read More

London based CoinShares, a Leading Digital Asset Manager, Reveals XRP Recently Saw Inflows of $33M, Almost Doubling its AUM

James Butterfill, Investment Strategist at London-based CoinShares, a digital asset manager focused on expanding access to the cryptocurrency ecosystem while serving as a “trusted partner” for its clients, notes in a blog post published on Monday (April 19, 2021) that inflows into digital asset investment… Read More

Credit Kudos Chosen by Fintech Curve for its Upcoming Credit Product

London-based Credit Kudos, the challenger credit reference agency and Open Banking solution provider, revealed on Tuesday (April 20, 2021) that it has been chosen as the Open Banking provider for Curve, the Fintech company that aims to bring your cards into one smart card and… Read More

London based FintechOS, which Empowers Banks and Insurers to become “Future-Ready,” Secures $60M via Series B Round led by Draper Esprit

London-based Fintech FintechOS, which aims to empower banks and insurers to become “future-ready,” revealed on Tuesday (April 20, 2021) that it has secured $60 million in capital through a Series B round that was led by Draper Esprit. FintechOS’ management noted: “FintechOS the global technology… Read More

Overfunding: Travel, Media, & Lifestyle Platform Much Better Adventures Quickly Surpasses £800,000 Funding Target Through Latest Seedrs Campaign

  Less than two years after raising more than £1.2 million through its previous Seedrs campaign, Much Better Adventures, a UK-based traveling platform, has returned to the equity crowdfunding platform and has quickly surpassed its £800,000 funding target. The funding round has already attracted nearly 725 Seedrs… Read More

UK’s White Peak Distillery Raises More Than £1.14 Million Through Crowdcube Round

  White Peak Distillery, a distillery based in the Peak District region, has raised more than £1.14 million through its equity crowdfunding campaign on Crowdcube. The funding round, which originally sought to raise £500,000, has so far attracted nearly 800 Crowdcube investors. Founded in 2016, White Peak Distillery… Read More

UK: West Midlands Joins the Fintech National Network as Tech Hub Expands

The West Midlands has joined the Innovate Finance Fintech National Network, the UK’s first network connecting Fintech hubs and supporting nationwide financial innovation. The West Midlands has been championing its region for some time promoting it as a viable and less expensive to the greater… Read More

UK’s Buy Now, Pay Later Fintech Zilch Secures $80M in Capital with a $500M Valuation

The Buy Now, Pay Later or BNPL industry continues to receive substantial investments with UK-based BNPL Zilch securing $80 million in capital at a $500 million valuation. Zilch launched its services in beta mode back in 2019. The company was planning to distinguish itself from… Read More

Digital Banking Challenger Starling Secures £50M in Capital from Goldman Sachs Growth Equity

  Starling, a leading UK-based digital bank, revealed on Monday (April 19, 2021) that it has received a £50 million investment from Goldman Sachs Growth Equity. The latest investment is reportedly an extension of the digital bank’s oversubscribed £272 million Series D investment round that… Read More

Danial Daychopan: CEO at Plutus Explains how Financial Services Provider Is Bridging Worlds of Fiat and Crypto

We recently connected with Danial Daychopan, CEO and Founder of UK-based Plutus, a financial services provider that aims to bridge the gap between traditional fiat currencies and “upcoming” cryptocurrencies. Plutus says it offers the “best of both worlds,” which includes centralized fiat and non-custodial crypto,… Read More

Digital Banking Unicorn Revolut Is Reportedly Planning New Round of Funding, Could Value Fintech at Over $10B

The founder of digital banking challenger Revolut is reportedly planning a new round of funding that could value the Fintech at over £7.2 billion (appr. $10 billion). Sky News reports that the digital bank may be looking to work with  FT Partners, the US-headquartered Fintech-focused… Read More

Fintech Funding: MENA Region’s Saudi Arabia, UAE, Egypt Raised Substantial Amounts in Q1 2021, but UK Remains a Global Leader in Fintech

MENA region startups secured $170 million in capital during March 2021, which is reportedly a 6% increase month-over-month, across 43 different deals, according to local sources. This notably takes the total funds raised during Q1 2021 to $396 million across 125 different deals, which is… Read More

Digital Payments Platform Transcard Announces UK Entity

    Transcard, a U.S.-based digital payments platform, announced on Friday the launch of its business entity in the UK. Founded in 2012, Transcard describes itself as a SaaS funds disbursement and management platform that takes regulatory, time and cost burdens off payers while providing payees… Read More

NatWest Announces Relaunch of Enterprise Program

  UK banking group NatWest announced on Thursday the relaunch of its Enterprise program to boost support for scale-up businesses along with climate, fintech, and B-Corp-focused businesses. NatWest revealed that the relaunch follows recent findings from the bank’s report into SME recovery in the UK,… Read More

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