Tagged: united kingdom

March 10, 2023 @ 8:28 am By Omar Faridi  |  

Molo Finance is pleased to announce Australian mortgage lender ColCap has acquired an 80% shareholding in Molo. This follows “on from the strategic partnership with Molo and ColCap entered into last year.” The investment will “allow Molo to benefit from ColCap’s depth of funding and… Read More

March 8, 2023 @ 10:54 pm By JD Alois  |  

Seedrs, a top securities crowdfunding platform owned by Republic, has revealed that it has helped female-founded firms raise £459 million. When you compare this number to the total amount raised on the platform, Seedrs is clearly generating significant traction in leveling the playing field for… Read More

March 8, 2023 @ 12:40 pm By JD Alois  |  

Earlier today, the UK Financial Conduct Authority (FCA) announced another enforcement action taken against crypto ATMs. This time, the FCA targeted unauthorized crypto ATMs operating in East London. The FCA requires all crypto firms, including ATMs, to be registered and adherent to anti-money laundering rules…. Read More

March 8, 2023 @ 10:21 am By JD Alois  |  

  Established by the LawtechUK panel, the UK Jurisdiction Taskforce (UKJT) has issued a statement on digital asset clarity, which will “cement” the UK as the digital financial market leader in digital securities. The research was completed in partnership with the finance and economics consultancy… Read More

March 8, 2023 @ 8:50 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) has announced taking action against “unregistered crypto ATMs.” Last year, the FCA announced it would shut down crypt ATMs that were not registered with the agency and in compliance with anti-money laundering rules. At that time, none of the… Read More

March 8, 2023 @ 8:35 am By Omar Faridi  |  

Northern Trust (Nasdaq: NTRS) announced that UK-based asset manager Redwheel is now using its data aggregation tool, developed by its strategic partner, Equity Data Science, Inc., in order “to enhance ESG integration across its investment business.” Founded in 2000 and formerly known as RWC Partners,… Read More

March 8, 2023 @ 8:30 am By Omar Faridi  |  

Global financial technology company SumUp has unveiled its multi-product subscription – SumUp One, now “available in the UK and Italy, and soon in other European markets.” SumUp One reportedly “combines the best of the SumUp product suite in a single, unified offering for merchants across… Read More

March 7, 2023 @ 8:42 am By Omar Faridi  |  

SmartSave Bank, a disruptive savings platform created by UK bank Chetwood Financial, has now received more than £1 billion in deposits. SmartSave reportedly “offers fixed-term, fixed-rate savings accounts, all of which are FSCS protected. Customers can deposit between £10,000 and £85,000, and they start earning… Read More

March 7, 2023 @ 8:40 am By Omar Faridi  |  

Lendable is pleased to build its Analytics and Business Intelligence team with the addition of Federico Mambelli. Lendable Head of Analytics and Business Intelligence, Olivia Johnson, said: “We are delighted to welcome Federico to the team, who brings a wealth of experience in economic and… Read More

March 6, 2023 @ 6:56 am By Omar Faridi  |  

Six in ten (63%) UK accounting and finance professionals are “concerned over the accuracy of their company’s monthly financial statements,” according to new research published by FloQast, a provider of accounting workflow automation. Accounting and finance teams are feeling “the pressure of the recessionary environment,… Read More

March 4, 2023 @ 11:32 am By Omar Faridi  |  

Starling Bank has chosen Barings’ Landmark in Manchester to house its new office in the North. The digital bank intends “to create up to 1,000 new jobs for the region to fulfil roles across the company, including in operations, engineering, data science and cybersecurity.” The… Read More

March 3, 2023 @ 5:42 am By Omar Faridi  |  

Floww Markets Limited has recently received Financial Conduct Authority (FCA) authorization, which allows the launch of an innovative private market investment service that aims “to be the world’s first global private market ecosystem.” FlowwMarkets can “allow companies to raise capital more easily and cost-effectively, transforming… Read More

March 3, 2023 @ 1:00 am By JD Alois  |  

Ramp, a financial forecasting platform for CFOs and management teams, has raised $5 million in Seed funding. The funding round was round led by AlbionVC and Eurazeo. Other investors include Triple Point Ventures and angel investors, including Barnaby Hussey-Yeo, CEO at Cleo, and Stephane Kurgan,… Read More

March 2, 2023 @ 7:17 pm By Omar Faridi  |  

Tazapay, a Singapore-based cross-border payments provider, has partnered with leading global real-time payments gateway Volt “to add open banking to its growing stack of payment offerings, as it accelerates its international growth plans across the UK and Europe. The partnership will enable Tazapay’s customers “to… Read More

March 2, 2023 @ 9:58 am By JD Alois  |  

UK-based Shojin says it is hiring more executives as demand for its services grow. Shojin is a real estate investment platform that enables investors to access “institutional-grade property deals” for as little as £5,000.  Shojin offers fractional investment opportunities in real estate developments. The FCA-regulated… Read More

March 2, 2023 @ 9:25 am By JD Alois  |  

FOLK2FOLK, a peer-to-peer lending platform, has joined the Financial Intermediary & Broker Association (FIBA). As a member, the P2P lender will be able to expand its broker network for its loans. Adam Tyler,  FIBA executive chairman, said their lending partners are carefully selected, and the… Read More

March 2, 2023 @ 8:03 am By Omar Faridi  |  

Funding Circle (LSE:FCH) has published its Preliminary Results for the year ended 31 December 2022. Funding Circle reports Group total income (guidance) of £140m – £155m; £148.7m for FY 2022; and £206.9m for FY 2021. And Adjusted EBITDA (guidance) of Positive Adjusted EBITDA; £6.8m for… Read More

March 1, 2023 @ 10:15 am By JD Alois  |  

Joining the climate disclosure bandwagon, Tide claims it has become the first Fintech in the world to remove 100% of emissions. Tide is a business finance Fintech that has also committed to becoming fully Net Zero by 2030. Tide has issued three climate pledges: Pledge… Read More

March 1, 2023 @ 9:27 am By JD Alois  |  

Revolut, a UK-based digital bank, has reported its first full-year profit. Revolut has published its Annual Report, which tracks operations for the year ending December 2021. According to the report, Revolut generated £636 million in revenue during 2021, delivering £26.3 million to the bottom line…. Read More

March 1, 2023 @ 1:00 am By JD Alois  |  

New British Business Bank research indicates that challenger and specialist banks provided £35.5 billion in lending during 2022. This means that challenger/specialist banks garnered a 55% share of the market. One would expect that many of these financing platforms are Fintechs. The data is part… Read More