Tagged: united kingdom

June 22, 2023 @ 1:44 pm By JD Alois  |  

The Bank of England has raised its benchmark interest rate by 50 bps, increasing from 4.5% to 5%. Today, the Monetary Policy Committee (MPC) voted by 7 to 2 to increase by 50 bps. Two of the members wanted to remain at the current 4.5%… Read More

June 21, 2023 @ 2:12 pm By JD Alois  |  

Darren Westlake, co-founder and former CEO of Crowdcube, has joined the board of directors of Crowdfunder, a UK-based rewards platform. According to multiple reports, Westlake will become the “interim chairperson” to help direct the strategy of the platform. Westlake exited Crowdcube earlier this year, passing… Read More

June 21, 2023 @ 1:47 pm By JD Alois  |  

Payments Fintech Volt has raised a $60 million Series B funding round. The company said the backing was indicative of the confidence in the UK Fintech sector. The additional capital will be utilized to expand into new markets, including Asia Pacific and the Americas. At… Read More

June 21, 2023 @ 8:28 am By JD Alois  |  

The former National Relationship Director at Assetz Capital, Mark Davidson, has joined CrowdProperty as Head of Loan Management. CrowdProperty is a real estate crowdfunding platform that provides debt capital for property developments. Assetz Capital is a similar platform that provides property-secured finance for UK SMEs,… Read More

June 20, 2023 @ 3:27 pm By Omar Faridi  |  

Analysis from online pension provider, PensionBee, reveals an increase in the number of pension savers who would like to see the oil sector completely excluded from their pension investments, from 15% in 2022 to 21% in 2023. PensionBee’s annual Tailored Plan survey, “which seeks to… Read More

June 20, 2023 @ 11:12 am By Omar Faridi  |  

Global fintech SumUp has unveiled its latest UK campaign, with a merchant-centric push that champions the businesses, entrepreneurs and SMEs that power the country, dubbed ‘Local Heroes’. The focus of the campaign is SumUp merchants “from West London and its aim is to use a… Read More

June 20, 2023 @ 10:47 am By JD Alois  |  

Eos Advisory LLP  has received a £10 million commitment from British Business Investments, a subsidiary of the British Business Bank. The funding is part of the Regional Angels Programme and will be allocated to invest alongside Eos’s Angel Syndicate and EIS Innovation Fund.  Eos is… Read More

June 18, 2023 @ 6:38 pm By Omar Faridi  |  

Transcend, a provider of liquidity, funding, and collateral optimization solutions, has appointed Emily Harris as a Product Specialist, based out of the United Kingdom. In this role, Emily will “focus on leading Transcend’s securities finance product development efforts and growing the firm’s global footprint, particularly… Read More

June 17, 2023 @ 10:02 am By Omar Faridi  |  

One of the UK’s largest small business lending platform, Funding Circle (LSE: FCH), has made its new product, FlexiPay, available for brokers to offer their clients who currently have a Funding Circle business loan. The launch of FlexiPay “means small business borrowers can now also borrow,… Read More

June 16, 2023 @ 3:53 pm By Omar Faridi  |  

Coincover, the digital asset protection company, announces the appointment of Vikki Sly as Chief People Officer (CPO), boosting the firm’s commitment to building a healthy scaling business. With a strong background in designing and implementing successful internal cultures, Vikki will play “an integral role in… Read More

June 16, 2023 @ 11:22 am By Omar Faridi  |  

Backbase, the global firm focused on Engagement Banking software, announced its acquisition of Nucoro, the UK-based digital wealth platform for an undisclosed amount. The acquisition will allow Backbase “to incorporate Nucoro’s headless platform capabilities directly into the Backbase Engagement Banking platform, enabling its customers to… Read More

June 16, 2023 @ 9:57 am By Omar Faridi  |  

Tide, the business financial platform, has announced it will help 200,000 female-led businesses start out by the end of 2027. It is the first fintech to support female-led SMEs on this scale. The commitment is part of Tide‘s efforts “to promote gender equality and remove… Read More

June 16, 2023 @ 9:34 am By Omar Faridi  |  

VC firm Molten Ventures has reportedly written down its current holding in digital banking platform Revolut by a sizeable 40%. This move is adding to the Fintech firm’s recent challenges as it struggles to obtain a UK banking license. Molten Ventures has discounted the value… Read More

June 16, 2023 @ 9:21 am By Omar Faridi  |  

Digital bank Zopa has appointed Peter Donlon and Kate Erb as CTO and COO respectively, pending regulatory approval. Peter and Kate add significant technology and operations experience “to Zopa’s leadership roster as the company matures and enters its next stage of growth to become Britain’s… Read More

June 15, 2023 @ 11:29 pm By Omar Faridi  |  

The team at Yapily has hired Tanya Ziv as Chief Operating Officer (COO) to lead operations and strengthen their position as the leading open banking platform in the UK and Europe. With over 15 years of experience leading compliance and risk departments in the fintech… Read More

June 15, 2023 @ 10:57 pm By Omar Faridi  |  

Capita plc  announces it has been awarded a contract by the City of London Police to deliver customer contact and victim engagement services for the force’s new fraud reporting service. The contract will reportedly “run from 2024 and is worth approximately £50m over five years,… Read More

June 15, 2023 @ 10:42 am By JD Alois  |  

Zilch has opened a new technology hub in Krakow, Poland. The company said the location is a new European Centre for Excellence which will serve as a facility \ to accelerate the development and implementation of new features and technologies. This is Zilch’s third location… Read More

June 15, 2023 @ 5:11 am By Omar Faridi  |  

Smart Pension, which claims to be one of the UK’s leading workplace pension providers, has been appointed “to provide access to a workplace pension for more than 2,000 employees at Dukes Education, a group of over 40 independent nurseries, schools, and colleges in the UK… Read More

June 14, 2023 @ 10:17 pm By Omar Faridi  |  

Vouched, an AI-driven identity verification platform, announced it will provide identity verification services in support of the launch of FreedomID, a platform designed “to support refugees in their safe passage and settlement anywhere in the world, formed by UK tech company Zenoo.” Vouched expects to… Read More

June 14, 2023 @ 10:54 am By JD Alois  |  

Archax, a digital securities exchange regulated by the UK Financial Conduct Authority, has listed a securities offering to raise capital for SupraFin. According to the offering page, SupraFin is raising funds at a pre-money valuation of £12 million. SupraFin is hoping to raise a minimum… Read More