Tagged: united kingdom

BEQUANT Introduces DeFi Platform for Institutional Clients

BEQUANT, the digital asset prime brokerage and exchange, is pleased to announce DeFi access for institutional clients, “realized through its recent integration with Fireblocks.” Clients will be able “to cross-margin between centralized and decentralized exchanges, making arbitrage trading more efficient.” DeFi marketplaces will be “fully… Read More

Atlantic Money Secures License as Payment Institution via National Bank of Belgium

Atlantic Money has secured a license as a payment institution through the National Bank of Belgium (NBB) which will “enable the business to provide its services across the European Union.” The announcement precedes an expected launch in Europe later this summer, “meaning that EU residents… Read More

GoCardless to Acquire Nordigen Open Banking Platform

GoCardless has announced its intent to acquire Nordigen an open banking data provider. The deal is expected to close later this summing. The terms of the acquisition were not revealed. GoCardless is based in the UK with offices around the world. Nordigen is regulated in… Read More

4Trans Secures €18M Investment to Streamline Financing for Europe’s Hauliers

4Trans, a Fintech specializing in financial products for supply chain and logistics companies, has secured an €18 million investment from backers “including Atmos, Tera Ventures, and Lighthouse.” Impact investment fund management firm based in the UK, Advance Global Capital “has also extended a revolving credit… Read More

UK’s Linnworks to Streamline Cross-Border Transactions with Payoneer Partnership

Linnworks, a UK-headquartered digital commerce tech firm, has announced a partnership with the global ‘leader” in commerce technology and payments Payoneer (NASDAQ: PAYO) to “simplify cross-border and B2B transactions for their customers.” The partnership will “provide retailers with integrated options to receive funds and make… Read More

BNPL Zilch Reports Series C at $160 Million

Zilch, a UK based buy now – pay later (BNPL) provider has extended Series C by $50 million now raising $160 million now valued at around $2 billion. Zilch claims to be the fastest-growing Fintech Unicorn in Europe. In total, ZIlch has raised $460 million… Read More

London’s Further Introduces Investment Platform

Further, a London-headquartered firm, has introduced its investment platform, developed to connect retail investors with “high-quality” VC funds, at scale and with minimum investment levels “never seen before in the market.” This should allow new retail investors to invest in venture funds, from as low… Read More

European Debt Resolution Fintech Ophelos Finalizes £5M Round

Debt resolution tech company Ophelos has acquired £5 million in capital via a seed funding round that was reportedy led by AlbionVC. Vast Ventures, Form Ventures, Connect Ventures and Fly Ventures and angels including GoCardless co-founder Matt Robinson and Funding Circle co-founder James Meekings also… Read More

iBanFirst Acquires UK’s FX Provider Cornhill to Address Brexit Payment Challenges

Global financial services platform iBanFirst recently confirmed the acquisition of the London-headquartered FX provider, Cornhill. The strategic acquisition aims to further build on iBanFirst’s funding partnership with private equity company arlin Equity Partners, launched in June of last year. As mentioned in the update, this… Read More

UK Digital Bank Kroo Obtains Full Banking License

UK-based digital bank Kroo announced that it has been granted its full banking license by the Bank of England. Kroo claims it is only one of two banking institutions to have been awarded a banking license with a personal current account since August 2016. Kroo… Read More

Hargreaves Lansdown Selects Ecospend for Open Banking Payments Option

Hargreaves Lansdown (HL) has reportedly selected Ecospend, the United Kingdom’s Open Banking provider, in order to offer a “pay by bank” service to its customers. Ecospend’s solution should enable HL’s clients to complete payments directly to their HL accounts more quickly and securely and without… Read More

Currensea Returns to Seedrs, Quickly Tops £1 Million

Fintech Currensea has returned to Seedrs and quickly topped its £1 million initial target in under two hours, according to a note from the company. So far Currensea has raised £1.377 million from 376 investors. The company is selling equity at a pre-money valuation of… Read More

Cambridge Centre for Alternative Finance Publishes Fintech Report, Reviews Industry Resilience During Time of COVID

The Cambridge Centre for Alternative Finance (CCAF), part of the University of Cambridge in the UK, along with the World Economic Forum and the World Bank, have published the Global COVID-19 Fintech Impact and Industry Resilience Study. CCAF has long been the leading research institute reviewing… Read More

Borrow a Boat Closes Crowdfunded Offering at £3 Million

Borrow a Boat, the AirBnB of yachting, has closed its most recent securities offering at £3,017,30 backed by 670 investors. This most recent crowdfunded offering brings the total raised from individual investors to £7.8 million. As was previously reported, Borrow a Boat was raising equity… Read More

Embedded Fintech Platform Colendi Acquires London’s Enterprise Blockchain Firm SETL

Colendi, the embedded Fintech services platform in Turkey and surrounding regions, announced its acquisition of London-based blockchain settlements and payments provider SETL. Launched in 2015, SETL claims to be one of the leading enterprises blockchain companies “known for its high-profile work with selected Central Banks… Read More

OBIE Says Open Banking is Delivering Benefits to Small Businesses

Last week, the OBIE (Open Banking Implementation Entity) published an Impact Report that indicates open banking is delivering significant benefits to small business. The OBIE report pointed to cloud accounting services stating that 75% of users started using the service no more than three years ago,… Read More

Banking as a Service Firm Griffin Appoints New COO

Griffin, a banking as a service firm (BaaS), has selected Maria Campbell as its Chief Operating Officer. Campbell has been with the Fintech since 2021 and her prior position was Vice President of People. Her appointment as COO comes after Adam Moulson was announced as… Read More

Open Banking Fintech Volt Introduces “Ultrafast” Account Ownership Authentication

Open Banking Fintech Volt, a UK-based company powering the growth of real-time payments in the UK and Europe, is launching Verify, which is described as “an ultrafast bank account authentication service for online merchants and businesses.” As confirmed in the update, Volt is launching Verify… Read More

European Fintech iwoca Shares Update Revealing Low Open Banking Adoption Among Accountants

Accounting firms are missing a “key opportunity” to adopt Open Banking to help meet the needs of small businesses facing a cash flow squeeze, according to a report by iwoca, which claims to be one of Europe’s largest small business lenders, and AccountingWeb. The report,… Read More

European VC Breega Establishes €250M Fund

Breega, the European VC built “by founders for founders,” has closed a €250 million venture fund and now celebrates the launch of a Barcelona office along with its London and Paris locations. The fund should enable Breega to finance founders at Series A stage and… Read More

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