Tagged: united kingdom

May 30, 2020 @ 10:34 pm By Omar Faridi  |  

UK-based Fintech TransferWise recently allowed users to set up direct debits in Australian dollars (AUD), in order to settle bills and pay for subscriptions across Australia – which can now be done directly from users’ TransferWise accounts. As confirmed by the money transfer service provider,… Read More

May 30, 2020 @ 7:30 pm By Omar Faridi  |  

UK-based RateSetter, a peer to peer (P2P) lender, notes that its Provision Fund has been designed to assist investors with managing credit risk and to simplify the investment process. As explained by Jonathan Hodge, the chief operating officer at RateSetter, the Provision Fund aims to… Read More

May 30, 2020 @ 1:04 am By Omar Faridi  |  

CoinShares, a crypto asset management company that provides financial products and services for professional investors, has launched the CoinShares Gold and Crypto assets Index (CGCI). The CGCI is reportedly the first EU Benchmark Regulations (EU BMR) compliant index for the digital asset sector that combines… Read More

May 29, 2020 @ 7:57 pm By Omar Faridi  |  

San Francisco-based cryptocurrency exchange Coinbase is focused on providing more ways for users to earn financial rewards by simply holding digital assets. Coinbase recently introduced Tezos (XTZ) staking rewards for its US-based customers. The exchange will now be offering this option to its UK clients… Read More

May 29, 2020 @ 3:17 pm By Samantha Hurst  |  

  Standard Chartered, a UK-based multinational banking and financial services company with $688 billion in assets, announced earlier this week it completed its first-ever sustainable use of proceeds subscription finance facility. According to Standard Chartered, funds will be drawn by the manager and will be… Read More

May 29, 2020 @ 2:26 pm By Samantha Hurst  |  

Atterley.com, a UK-based marketplace for independent fashion retailers, has successfully secured its initial £400,000 funding target through its equity crowdfunding campaign on Crowdcube. As previously reported, Atterley.com’s mission is to bring together discerning fashion consumers, and the inventory fo the “best” boutiques and independents around… Read More

May 29, 2020 @ 8:47 am By JD Alois  |  

Digital bank Starling bank has raised £40 million from existing investors according to a note from the Fintech. Starling said the funding was led by JTC and Merian Chrysalis Investment Company Limited. Anne Boden, founder and chief executive of Starling Bank, commented on the news: “This… Read More

May 29, 2020 @ 8:17 am By Omar Faridi  |  

Nimbla, an invoice insurance provider, has partnered with Wiserfunding, a credit risk assessment platform that uses AI tools to evaluate business risk profiles. Nimbla and Wiserfunding have teamed up after the launch of a Fintech taskforce by industry trade body, Innovate Finance, in March 2020…. Read More

May 29, 2020 @ 7:41 am By Omar Faridi  |  

Charlotte Marsh, managing director at ArchOver, a peer-to-peer (P2P) lending platform supporting SMEs business borrowing, has argued that the COVID-19 outbreak can be viewed as a key opportunity for P2P lenders to provide long-term funding to businesses struggling to cope with the economic challenges created… Read More

May 28, 2020 @ 4:14 pm By Samantha Hurst  |  

Less than a year after securing £490,408 through its previous Seedrs campaign, female empowerment brand Killing Kittens has returned to the equity crowdfunding platform to raise an additional £250,000 in funding. As previously reported, Killing Kittens claims it has grown to become one of the… Read More

May 28, 2020 @ 12:13 pm By JD Alois  |  

Skymind Global Ventures (SGV), the venture arm of Skymind, has announced its first spin-off – Konduit.  According to the company, Konduit offers a portfolio of open source tools that support machine learning practitioners. The company’s goal is to bridge the gap between research and enterprise… Read More

May 28, 2020 @ 10:02 am By Samantha Hurst  |  

Meniga, a UK-based digital banking solution, announced on Thursday it secured €8.5 million through its latest strategic investment round, which was led by French banking group Groups BPCE with participation from Grupo Crédito Agrícola, UniCredit, Velocity Capital, Industrifonden, and Frumtak Ventures. Founded in 2009, Meniga… Read More

May 28, 2020 @ 9:35 am By JD Alois  |  

Open banking service provider Salt Edge is helping HyperJar, a UK Fintech, adhere to PSD2 compliance needs. HyperJar provides a budgeting app and “eWallet” to help people manage their money more effectively. By partnering with Salt Edge, HyperJar is expected to be fully compliant in… Read More

May 28, 2020 @ 8:19 am By JD Alois  |  

Capdesk – Seedrs Partnership Creates First Private Secondary Market for Shareholders and Employees in Europe Seedrs, a top UK based investment crowdfunding platform, is unique in the fact it has created a viable secondary marketplace for private securities issued via the platform. By enabling investors… Read More

May 28, 2020 @ 7:32 am By Omar Faridi  |  

  Data from leading UK-based digital bank Revolut shows that the cryptocurrency trading habits of its users have changed, following the COVID-19 outbreak. Nearly a third or over 30% of Revolut’s 10 million finance app users have been trading virtual currencies. The neobank’s app has… Read More

May 27, 2020 @ 11:04 am By JD Alois  |  

The British Business Bank has announced the approval of four new lenders for accreditation under the Coronavirus Business Interruption Loan Scheme (CBILS). The new lenders include; The FSE Group, FW Capital, Mercia Asset Management and Whiterock Finance. The Bank said these lenders will be able… Read More

May 27, 2020 @ 10:58 am By JD Alois  |  

Both FCA regulated, Koine and GC Exchange Limited (GCEX) partner to provide global client-base with segregated custody and settlement on digital assets and fiat. According to a release, GCEX will use Koine’s custody and settlement services, allowing GCEX’s clients to benefit from Koine’s platform for… Read More

May 27, 2020 @ 9:35 am By JD Alois  |  

ZUBR, a digital asset platform to arbitrage using derivatives, has received “in-principle” approval from the Gibraltar Financial Services Commission (GFSC) to be authorized as a Distributed Ledger Technology (DLT) provider. ZUBR targets a more sophisticated user that may use algorithmic trading. ZUBR’s client-base is said to… Read More

May 27, 2020 @ 8:03 am By JD Alois  |  

Each week, HM Treasury publishes updates on approved lending under three COVID-19 related support schemes. This week HM Treasury said £12.47 billion has been approved in the ongoing programs. The breakdown of the funding is as follows: Coronavirus Business Interruption Loan Scheme (CBILS) Data up… Read More

May 27, 2020 @ 7:27 am By Omar Faridi  |  

UK-headquartered payments service company SumUp has launched an online payment tool to help businesses conduct operations while observing social distancing measures, following the COVID-19 outbreak. As noted in a release shared with CI, SumUp’s latest solution is part of the Fintech firm’s efforts to enter… Read More