Tagged: united kingdom

UK FCA Report Looks to Mitigate Investment Harm, Includes P2P, Crypto and Crowdfunding on List of High Risk Investments

Following a call for input on the consumer investment market that closed to comments last month, the UK Financial Conduct Authority has issued a report on how the regulator “works to protect consumers from investment harm” citing activity during the first 10 months of 2020…. Read More

Digital Banking: Revolut has Rolled Out New Desktop Web App to Help Customers Better Manage their Finances

UK-based digital bank Revolut notes that with the New Year comes new features. The challenger bank has launched a new desktop Web App that will allow customers to better manage their finances. In addition to the “handy” new desktop Web App, Revolut has introduced upgraded… Read More

Update: Car-Sharing Startup Karshare Set to Close Seedrs Campaign With More Than £1.4 Million Raised

  Karshare, a UK-based car-sharing startup, is set to close its equity crowdfunding campaign on Seedrs with more than £1.4 million secured. The funding round, which has attracted nearly 560 Seedrs investors, was launched last month, originally seeking £1 million. As previously reported, Karshare stated… Read More

Digital Banking: UK’s Fintech Challenger Starling Provides Reasons why Consumers Should Switch Over to Its Services and Leave Old Banks

UK-based digital bank Starling claims that more consumers appear to be switching to its Fintech platform than “ever before.” As confirmed by review site Which?, Starling Bank has topped the chart for current account switches – which means that clients decided to part ways with… Read More

Digital Banking: Fintech Challengers in the US Grew Customer Base by Nearly 40%, UK Digital-Only Banks Report Growth as Well

With digital or neo banking gaining more users and popularity during the Coronavirus pandemic, the leading challenger banks in the US and Europe recently confirmed steady growth and adoption. Trading Platforms reveals that seven US or American challenger banks managed to record a combined user… Read More

UK based Property Finance Platform LendInvest Claims it’s Well-Prepared to Deal with New COVID-19 Lockdown Measures

UK-based LendInvest, a property finance platform, has reportedly told its investors that it’s well-prepared to deal with new lockdown measures. This, after making upgrades to its business processes, risk mitigation efforts and various financial metrics during the lockdown enforced in March of last year. The… Read More

Uma Rajah: CEO at CapitalRise, a UK based Prime Property Lending Platform, Reveals how Company Is Scaling its Business Model

We recently caught up with Uma Rajah, CEO and Co-founder at CapitalRise, a UK-based prime property lending platform. CapitalRise is an investment platform that seeks quality over quantity with just 2% of deals being approved by the platform. Sophisticated or high net worth investors may… Read More

Pires Investments Completes Investment in DeTech a DeFi Firm, Receives 4 Million Tokens

Pires Investments plc (AIM: PIRI) has completed an investment in DeTech Studios Limited that was announced in December. DeTech is a DeFi platform that will be issuing “YOP” tokens ( Yield Optimization Platform & Protocol). Pires receives 1,765 new ordinary shares in DeTech representing a… Read More

ShareIn, an Edinburgh based Fintech that Powers Online Capital Formation, to Offer New Crowdfunding Product

ShareIn, an Edinburgh based Fintech that powers online capital formation, will be providing a new crowdfunding product in response to growing demand from its clients, according to the company. This, as the white labelling platform begins to pivot away from its role of serving as… Read More

Ireland’s P2P Lending Platform Linked Finance Claims it has Received Record Levels of Interest from SMEs looking for Government-backed Loans

Ireland-based Linked Finance, a peer to peer lending platform, has reportedly received record levels of interest from SMEs that are looking for government-backed loans. After recently being approved to serve as a Coronavirus Credit Guarantee Scheme (CCGS) provider,  Linked Finance claims it has received a… Read More

Overfunding: Bitstocks’ Crowdcube Round Quickly Surpasses £500,000 Funding Target

Bitstocks, a UK-based bitcoin market advisory and cryptocurrency investment firm, has successfully secured its initial £500,000 through its equity crowdfunding campaign on Crowdcube. Founded in 2014, the company stated that while it serves as an investment house for retail bitcoin investors, its core purpose and… Read More

Update: Solar Product Designer Solivus Set to Close Seedrs Campaign With More Than £1.26 Million Secured

    Solivus, a UK-based startup that designs and creates solar products for the home and bespoke solar solutions for businesses, is set to close its equity crowdfunding campaign on Seedrs with £1.26 million secured. The funding round, which made its debut last month, originally sought to raise… Read More

Crowdfunded on Seedrs, Investors in Senta to Receive Up to 120x Return as Company is Acquired

Seedrs is out with a note this morning sharing that Senta has been acquired by Iris Software Group. Senta listed three securities offerings on Seedrs and investors may anticipate a decent return on their investment. Seedrs reports that this exit represents the largest percentage return… Read More

UK based Marketplace Lender Growth Street Says All its Platform Investors to Get their Money Back, as Company Winds Down Operations

UK-based marketplace lender Growth Street revealed on Tuesday (January 12, 2020) that all of its platform investors would be getting their funds back, as the company continues to wind down its operations (while still being solvent).  Kim Goetzke, COO at Growth Street, noted that returning… Read More

Record Breaking Year for Crowdfunding as Offerings Top £332 Million led by Crowdcube-Seedrs Combo

Securities offerings via crowdfunding platforms in the UK had a gangbuster year, according to a report. In total, £332 million was raised led by the two dominant platforms – Crowdcube and Seedrs – that hoover up over 90% of the offerings. A report by the… Read More

New Service by Revolut Provides Anti-Fraud Feature in Partnership with Modulr

Digital bank Revolut has announced a new service: Confirmation of Payee – available to over 3 million UK customers. The feature is part of Pay.UK’s anti-fraud initiative, according to a release. The feature has been enabled by its payments partner Modulr, one of the few… Read More

B-North Further Strengthens Top Team With Four Major Appointments, Including HR Director & Treasurer

  B-North, a UK-based business lending company, announced on Tuesday it has further strengthened its top team with four major appointments, including a new HR Director and Treasurer. The hires mark a continuation of the firm’s growth as they accelerate towards their launch. B-North reported… Read More

Sweep Reports Raising £900,000 in 2020 Following Seedrs Round

Sweep, an open banking Fintech that provides SMEs an expense and travel management platform, says it hit its 2020 funding target having raised £900,000 in investments and grants during 2020. Sweep completed an offering on Seedrs in December raising £250,000 in a Future Fund backed… Read More

UK Fintech Curve Secures $95 Million As Part of Series C Funding Round

  Curve, a banking platform that consolidates multiple cards and accounts into one smart card and even smarter app, announced on Monday it secured $95 million as part of its Series C investment round. According to Curve, the round was led by IDC Ventures, Fuel… Read More

WiseAlpha Looks to Boost Growth, Adds Money Dashboard Integration

WiseAlpha, a digital bond investment marketplace, will now integrate with Money Dashboard enabling users to track all of their investments including savings, financial accounts as well as bond investments. The WiseAlpha marketplace now integrates its fractional bonds with the service. WiseAlpha seeks to boost utilization… Read More

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