Tagged: united kingdom

March 20, 2023 @ 8:20 am By Omar Faridi  |  

Manchester-based Fintechs, BankiFi and Financielle have announced the joint launch of a new playbook for small-to-medium sized enterprises (SMEs), “giving business owners back their most valuable asset – time.” The new playbook has been designed “to help SMEs, especially those that are female led, to… Read More

March 20, 2023 @ 8:18 am By Omar Faridi  |  

Treasury Prime, the embedded banking software platform, recently announced the launch of OneKey Banking. This “first-of-its-kind” technology enables Treasury Prime customers “the ability to unlock the full potential of the industry’s largest bank network (15+ financial institutions) using instant cross-bank transfers (network transfers).” OneKey Banking… Read More

March 19, 2023 @ 11:27 pm By Omar Faridi  |  

At a time when the UK and US tech sectors were exposed to what can only be described as financial chaos, Payhawk, the spend management solution for domestic and international businesses throughout Europe, the US, and the UK, continued “to show their dedication and support… Read More

March 18, 2023 @ 11:52 am By Omar Faridi  |  

Xapo Bank now supports near-instant pounds Sterling payments and from the United Kingdom. Xapo Bank confirmed in a blog post that they are pleased to announce that they have joined the Faster Payment System (FPS). This means their members can now “send Pounds Sterling directly… Read More

March 18, 2023 @ 11:46 am By Omar Faridi  |  

GoCardless, a global firm focused on bank payment solutions, has integrated with Zapier, the key player supporting no-code automation, in order “to help businesses save time and energy when managing their payments.” Businesses can now “build Zaps — Zapier’s automated workflows — for GoCardless, eliminating… Read More

March 17, 2023 @ 2:45 pm By Omar Faridi  |  

Archax, which claims to be the first FCA regulated digital asset exchange, broker and custodian, announced the official launch of its primary raise platform and its first postings including ScribeStar and Circularr. The platform will give start-ups and early-stage businesses “access to raise capital from… Read More

March 16, 2023 @ 10:02 am By JD Alois  |  

Online investment platform SyndicateRoom has distributed an update on its performance. According to an email, SyndicateRoom’s Access Fund 2020 cohort is up 45%, not including tax reliefs or loss reliefs. Tax benefits may include EIS/SEIS programs that mitigate risk and could reduce any capital gains…. Read More

March 15, 2023 @ 12:53 pm By JD Alois  |  

CrowdProperty has returned to Seedrs to raise another funding round. CrowdProperty is a profitable Proptech that matches investors to borrowers. According to the offering page, CrowdProperty is seeking a minimum raise of £400,009 at a pre-money valuation of £41.9 million. This represents an equity interest… Read More

March 15, 2023 @ 8:53 am By Omar Faridi  |  

NatWest is increasing customer protection against crypto-criminals “after £329m was lost by consumers last year.” A daily limit of £1000 and a 30-day payment limit of £5000 to cryptocurrency exchanges is being “implemented to help protect customers losing life changing sums of money.” Cryptocurrency investments… Read More

March 14, 2023 @ 7:45 am By Omar Faridi  |  

London-founded fintech Detected has announced its expansion into the US market. The company, which provides a global end to end KYB platform, has “established a US entity to better serve its American clients.” Since inception in July 2020, Detected claims it “has seen huge growth… Read More

March 13, 2023 @ 11:37 pm By Omar Faridi  |  

As Chief Executive of property finance platform, CapitalRise, Uma Rajah says she’s  responsible for all aspects of the business: from creating their strategy, “to execution of that strategy, and all aspects of running the company – including recruitment.” Uma Rajah notes that she approaches all… Read More

March 13, 2023 @ 3:05 pm By Omar Faridi  |  

Fintech lender Sonovate has surpassed £3.5bn in total funding and £1 billion in annual funding for the first time “as rising costs force businesses to seek finance to manage cashflow and drive growth.” During 2022, Sonovate reportedly “provided businesses with £1.1 billion in finance, a… Read More

March 13, 2023 @ 11:54 am By JD Alois  |  

Earlier today, HSBC announced that it had acquired Silicon Valley Bank UK for £1 in a transaction approved by UK banking regulators. SVB has been a top banking firm for venture-backed firms around the world, and its UK operation is perhaps the most prominent. As… Read More

March 13, 2023 @ 11:02 am By Omar Faridi  |  

Experian recently announced plans to pilot a new service that could help millions of financially excluded people “get better access to mainstream financial services.” Experian’s initiative aims “to help people with little or no credit history – the so-called ‘credit invisibles’ – build out their… Read More

March 13, 2023 @ 9:06 am By JD Alois  |  

HSBC, working with the UK government, has announced the acquisition of Silicon Valley Bank UK (SVB UK). In a release, HSBC said it had purchased Silicon Valley Bank UK Limited for £1. The transaction completes immediately. HSBC said the transaction will improve its banking franchise… Read More

March 12, 2023 @ 11:30 pm By Omar Faridi  |  

Feedzai, the firm focused on fighting financial crime with AI, has partnered with UK Finance, the trade association for the UK’s banking and financial services sector, to deliver its Annual Fraud Report. UK Finance has chosen Feedzai as the lead sponsor and contributor “for the… Read More

March 12, 2023 @ 4:38 pm By Omar Faridi  |  

AstroPay, the online payment solution of choice for millions of users worldwide, has announced the launch of its new co-branded product – the AstroPay Wolves debit card. The launch builds on the business’ existing partnership with English Premier League club Wolverhampton Wanderers, also known as… Read More

March 11, 2023 @ 6:03 pm By JD Alois  |  

Following an initial statement that it held a separate balance sheet from Silicon Valley Bank (NASDAQ:SIVB) in the US, Silicon Valley Bank UK has announced it will move into insolvency following a discussion with UK banking regulators. SVB UK took on a similar role to… Read More

March 11, 2023 @ 10:35 am By Omar Faridi  |  

Railsr, the embedded finance platform, has today announced that it has been purchased and re-capitalized by a consortium “led by D Squared Capital, and that a change of control has been agreed with the Financial Conduct Authority in the UK.” This move “ensures business continuity… Read More

March 10, 2023 @ 11:20 am By JD Alois  |  

Seedrs, a top UK-based investment crowdfunding platform that operates across Europe, is reporting £84 million in investment across all securities offerings during the month of February. In US dollars, this equates to over $100 million, so Seedrs could top USD $ 1 billion during 2023…. Read More