UK-based peer-to-peer lending platform Proplend has added commercial property VAT loans, according to a release. Proplend is an FCA-regulated P2P lending platform specializing in sub £5 million commercial real estate debt. To date, Proplend has completed over £130 million of lending and is rated by… Read More
Property finance platform LendInvest has received the highest possible rating from a European rating agency for the seventh consecutive year, according to a note from the company. For the 6th year in a row, ARC Ratings affirmed its SQ1 Servicer Quality Rating for LendInvest following… Read More
The team at Digital Asset Management reports that it is now live on Crowdcube as the first Gibraltar registered firm to crowdfund. The firm’s management told Crowdfund Insider: “During the first few days of being live in Dam’s community, the company has raised over 1,000,000… Read More
Dedicated Prime property lender CapitalRise announced the advancement of a £9.2 million senior loan for the refinancing and development of two freehold Georgian townhouses based in Bloomsbury, London “with a GDV of £14 million.” As mentioned in a release shared with CI, the loan will… Read More
A completely digital economy has “always been on the horizon” and now, thanks to the Covid-19 outbreak, that horizon has been “brought to the forefront” of business operations, the team at UK-based Fintech Modulr writes in a blog post. Before the Coronavirus crisis, cashless payments… Read More
Digital bank Revolut, which offers a financial Super App with 16 million clients globally, reveals that it has simplified cross-border transactions between the US and Mexico with the introduction of its US-Mexico remittance corridor. With this launch, Revolut clients in the US and Mexico are… Read More
CrowdProperty recently returned to Seedrs to raise growth capital once again. This time, the Proptech raised over £1.8 million from 793 investors. The offering was initial pegged at a target of £800,000. Investors purchased equity at a pre-money valuation of £29.4 million. The offering was… Read More
London’s Element Ventures, a B2B Fintech-focused VC company, has established a $130 million fund with support from prominent investors. Launched by experienced financial services professionals Stephen Gibson and Michael McFadgen, and joined by Spencer Lake, who is HSBC’s ex- Vice Chairperson of Global Banking and… Read More
Molo Finance reveals that it has formed an intermediary partnership with Tenet Group, which is one of the largest financial advisor support groups in the United Kingdom. This partnership will see Tenet provide Molo’s products to its advisers and client base, increasing their reach in… Read More
Capital on Tap, a UK-headquartered Fintech firm, reveals that it has introduced its small business credit card in the US markets. There’s been a lot of demand for such products, the company claims. Since April 2021, there have been more than 28,000 businesses that have… Read More
The Big Exchange, which is an impact investing platform & a money management app, with a marketplace for fairer products coming, has secured ££283,916 of its £150,000 target from 242 investors through Crowdcube (at the time of writing). The Big Exchange team notes that they… Read More
Infinity Maritime has announced a partnership with Lloyd’s Register in order to enhance maritime sustainability As noted in a release shared with CI: “Following on from the announcement of collaboration with … international ship brokers, Infinity Maritime reflects the maritime ecosystem by announcing its partnership… Read More
Fintech app Snoop has secured £15 million in capital in order to support its global expansion efforts. Established by ex- Virgin Money Chief Executive Jayne-Anne Gadhia, the smart money app Snoop closed its Series A round with contributions from US investment management company Paulson &… Read More
WyzePay, a platform for firms to issue corporate currency to clients, increasing benefits for both sides, has secured £384,404 or 128% of its £300,001 target from 125 investors via Seedrs. Based in London, UK, WyzePay now has 24 days left until its offer ends. The… Read More
The Dubai International Financial Centre (DIFC), a special economic zone in Dubai covering 110 ha, established in 2004 and a financial hub for the MENA region as well as South Asia markets, has reportedly invested an undisclosed amount in UK-headquartered Legaltech firm Clara. Clara has… Read More
UK-based digital bank Monzo is currently facing a civil and criminal money-laundering investigation that is being carried out by the Financial Conduct Authority (FCA). Monzo‘s management disclosed these details in its annual report that was released on Friday (July 30, 2021). For the second straight… Read More
The team at UK-based P2P lender Blend Network notes that the Covid-19 pandemic may be subsiding, however, the “new normal” may not look the same as 2019. As noted by Blend Network, market participants are increasingly concerned about inflation, especially during recent months. The P2P… Read More
The team at Assetz Capital, a marketplace lending platform originating secured loans, notes that after the end of the previous COVID-19 loan schemes, the UK Government launched the new Recovery Loan Scheme (RLS). Assetz Capital was accredited to lend via the RLS scheme on July… Read More
Earlier this week, a tidal turbine went online generating sufficient power to provide enough electricity for 2000 homes. Towed and anchored off the coast of Scotland, the Orbital O2 is predicted to operate for around 15 years. The project came to fruition with the assistance… Read More
UK-based MarketFinance, one of the world’s largest peer-to-peer (P2P) invoice finance platforms, notes that during the month of July 2021, new changes to the Prompt Payment Code came into effect. Announced in January of this year, the changes have been designed “to strengthen the position… Read More
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