Tagged: united kingdom

UK Government Should End its “Unfair” Moratorium of Commercial Property Rents, Proplend CEO Says

Brian Bartaby, CEO at Proplend, a UK-based peer to peer (P2P) lending platform, wants the UK government to end its moratorium of commercial property rents, because he thinks it’s “unfair.” As first reported by Peer2Peer Finance News, Bartaby thinks that it was wrong for the… Read More

Update: UK Biotech Imagen Set to Close Crowdcube Round With Nearly £900,000 Raised

  Imagen, a UK-based biotech company, is set to close its equity crowdfunding campaign on Crowdcube with nearly £900,000 in funding secured. The funding round was launched last month originally seeking £600,000. It has now attracted more than 640 Crowdcube investors.  As previously reported, Imagen… Read More

Lendy Investors Demand the Arrest of Former Directors Liam Brooke and Tim Gordan after they Allegedly Siphoned Investor Funds to Overseas Firms

UK-based Lendy, a peer to peer (P2P) lender that shut down in 2019 and went into administration, was requiring previous investors to pass certain anti-money laundering (AML) checks again, before they qualify to get refunds. Administrators of the bankrupt P2P lender have revealed that the… Read More

Blockchain Infrastructure Developer R3 Founder David Rutter Announces New Trading Platform LedgerEdge for Corporate Bond Market

David Rutter, founder at LedgerEdge, a trading venue for the US Treasuries market, and R3, a blockchain and DLT infrastructure company, is reportedly planning to address some of the major challenges in the corporate bond market with the launch of LedgerEdge, a new trading platform…. Read More

Giant Telecommunications Firms Telefónica, Deutsche Telekom, Vodafone Introduce Blockchain Pilot for Settling Roaming Discount Agreements

Telefónica, S.A., a Spanish multinational telecommunications company with over 48 billion EUR in annual revenue, will be piloting a blockchain or distributed ledger tech (DLT)-based platform for settling roaming discount agreements. Telefónica will be joined by Deutsche Telekom, a major German telecommunications company, and British… Read More

Shariah-Compliant P2P Lending Platform Qardus Launches in the UK, will Provide Financial Assistance to SMEs

An Islamic, or Shariah-compliant, peer to peer lending platform has been introduced in the United Kingdom. The new P2P lender aims to provide funding to the nation’s SMEs, which might be struggling to maintain operations due to the economic challenges created by COVID-19. Qardus, an… Read More

JustUs Technology Used to Develop Platform to Help UK Firms Acquire Loans, including those that Won’t Get Government Funding during COVID-19

JustUs technology has reportedly been used to develop a new platform that will focus on assisting businesses that are not able to qualify for the UK government’s COVID-19 financial relief schemes. A community-interest organization has been established by a number of Fintech companies, called ExcludedUK,… Read More

Coconut Tops Crowdfunding Target, Closes Securities Offer at £2.45 Million

Coconut, an accounting and business finance app, has topped its offering target on Crowdcube.  Coconut originally sought £700,000 at a pre-money valuation of £12 million. In the end, Coconut closed the securities offer at £2,456,286 backed by 3037 individual investors. Coconut has raised growth capital… Read More

COVID-19 Government Support Schemes Update: Over 1.1 Million Businesses Receive £46 Billion

This week’s update on COVID-19 support schemes indicates that over 1.1. million UK businesses have been approved to receive £46 billion. The numbers breakdown as follows: Approximately 1.05 million smaller firms have received a total of £31.7 billion through the Bounce Back Loan Scheme, an… Read More

Binance Card Makes Debut In Europe & The UK

Cryptocurrency exchange Binance announced on Tuesday the official launch of its Binance Card in Europe and the UK. According to Binance, the card will enable users to convert and spend BTC, BNB, SXP, and BUSD to fiat at more than 60 million merchants across 200… Read More

Barclays Launches Digital Advice Service “Barclays Plan & Invest”

  UK banking group Barclays announced on Tuesday the launch of its new digital advice service, Barclays Plan & Invest, which notably aims to tackle the UK’s advice gap and give more people the confidence and support to invest their savings. According to Barclays, the… Read More

Royal Bank of Scotland’s Tyl Contactless Payment Service Reports Solid Uptake

The future of payments is in contactless payments and the transition away from physical cash has been boosted by the ongoing COVID-19 health crisis. The Royal Bank of Scotland (RBS) is reporting its contactless payment service Tyl is generating solid uptake in Scotland during the… Read More

Fintech in Need of Finance? Report States COVID-19 May Necessitate £825 Million in New Financing

A new report indicates that COVID-19 has hit UK Fintechs hard as this sector of finance may need to raise £825 million for these firms to make it beyond the global pandemic. According to KPMG‘s Fintech Focus report, annual losses for Fintech startups are hovering… Read More

UK Fintech Lanistar Secures £15 Million in Additional Capital to Support Upcoming Launch this Year

Fintech firm Lanistar, an alternative financial services provider, has acquired £15 million in additional capital in order to support its upcoming commercial launch later this year. Established in 2019, the personal financial management company has received funding from VC firm Milaya Capital, which has now… Read More

Insurtech Startup Honcho Now Seeking Additional Funding Through Seedrs Equity Crowdfunding Round

UK-based insurtech Honcho has launched an equity crowdfunding campaign on Seedrs. The new crowdfunding campaign less than six months after raising nearly £900,000 through its Crowdcube round. Honcho revealed that the Seedrs campaign is a follow-on round from the £1.2 million crowd raise completed in April… Read More

Global Payments Fintech Paysend Tops 2 Million Customers

In under three years, UK-based Fintech Paysend has topped 2 million customers mark for its global transfers service, according to a company release. Paysend states that its growth is accelerating as it hit the one million customer mark in September 2019 and surpassed 1.5 million… Read More

Railsbank CEO Calls on Regulators to Step Up Safeguarding of e-Money Firms Following Wirecard Collapse

The Wirecard AG (WDI:DE) scandal has rocked the Fintech world as the once high flying firm that was a member of the DAX filed for bankruptcy following the revelation of a €1.9 billion in missing funds. Regulators, elected officials as well as Fintech industry insiders have… Read More

Lloyds Bank Adds Subscription Management Service to App in Partnership with Minna Technologies, Visa

Lloyds Bank is in the process of incorporating a new subscription management service within its banking app, according to a release from the company. The new service will be provided in partnership with Minna Technologies and Visa. The subscription management service will enable users to… Read More

Update: Assetz Capital Set to Close Latest Seedrs Round With Nearly £700,000 Raised

UK-based peer-to-peer lending platform Assetz Capital is set to close its fourth equity crowdfunding campaign on Seedrs with nearly £700,000 raised from close to 600 Seedrs investors. The funding round was launched last month to raise a minimum of £500,000.  As previously reported, Assetz Capital… Read More

Overfunding: UK E-Commerce Retailer The Sports Edit Quickly Secures £650,000 Funding Target on Crowdcube

The Sports Edit, a UK-based e-commerce retailer, has successfully secured its initial £650,000 equity crowdfunding target on Crowdcube. Launched in 2015, The Sports Edit describes itself as a multi-channel reticle that offers “carefully” curated selection of premium activewear and accessories. “Our whole team is passionate… Read More

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