Tagged: united kingdom

April 13, 2023 @ 1:57 pm By JD Alois  |  

Yesterday, it was reported that the US market experienced a 25% quarterly decline in Fintech funding during Q1 2023 in comparison to Q1 2022. Today a similar report provided by Tracxn, indicates that the UK saw a whopping 89% decline during Q1 2023 in Fintech… Read More

April 13, 2023 @ 10:44 am By JD Alois  |  

In the UK, early-stage private firms are supported with innovative tax exemptions designed to make investing in risky ventures more appealing. As everyone knows, a robust entrepreneurial and startup ecosystem is crucial for a growing economy. UK policymakers have made investing in private firms more… Read More

April 11, 2023 @ 11:28 am By JD Alois  |  

In collaboration with Innovate Finance, the Department of Business and Trade, the City of London, the Foreign, Commonwealth and Development Office; the Cambridge Centre for Alternative Finance (CCAF) is soliciting information on UK Fintechs. While the deadline for information was pegged at April 5th, the… Read More

April 10, 2023 @ 11:57 pm By Omar Faridi  |  

This past week from 6 April, the full amount of the weekly State Pension in the UK will reportedly “increase by 10.1%, the highest ever rise, for 12.5 million recipients of the State Pension.” Taking effect for payments starting next Monday 10 April, the amount… Read More

April 10, 2023 @ 6:32 pm By Omar Faridi  |  

Apptile, an SaaS startup specializing in no-code mobile app development, has secured $2.5 million in seed funding. The funds will be used “to launch Apptile’s innovative platform, allowing Shopify businesses to create customized, high-performance mobile apps without the need for coding or design experience.” The… Read More

April 9, 2023 @ 11:28 pm By Omar Faridi  |  

Loop is designed to enhance the UK’s informal money sharing market and “offers consumers a genuine alternative to the UK’s £10bn overdraft market.” As noted in a blog post, Tandem Bank is strengthening its strategy “to build the UK’s greener, digital bank with the acquisition… Read More

April 9, 2023 @ 3:01 pm By Omar Faridi  |  

Railsr, the embedded finance platform, has announced the appointment of Philippe Morel as Chief Executive Officer, Debbie Lotz as Chief Financial Officer and Nick Charteris as Chief Operating Officer. Philippe will report directly to Rick Haythornthwaite, Chair of the Board. Philippe Morel was “the CEO… Read More

April 7, 2023 @ 1:16 pm By Omar Faridi  |  

CrowdProperty, an online property lending platform, has raised 103% (£414,271) of its £400,009 target via Seedrs (at the time of writing) from 403 investors with 5 days left in the firm’s crowdfunding campaign. CrowdProperty has utilized the services of Seedrs multiple times in the past…. Read More

April 7, 2023 @ 8:53 am By Omar Faridi  |  

Apis Growth Fund II, a private equity fund managed by Apis Partners LLP, a UK-based asset manager, today announces its proposed investment of €29M (US$31M) in Baobab Payments GmbH (trading as Peach Payments), a digital payment service provider that enables online payments in Africa. Completion… Read More

April 7, 2023 @ 8:51 am By Omar Faridi  |  

Patrick Kavanagh, CEO and co-founder of fixed fee money transfer app Atlantic Money, steps down from his position “to become Non-Executive Director and remain for the company as an advisor.” Neeraj Baid, co-founder and former Chief of Product, “takes over the role of the CEO…. Read More

April 6, 2023 @ 11:33 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) and Advertising Standards Authority (ASA) have posted a notice putting influencers on notice not to promote “get rich quick” schemes or pursue “illegal financial promotions.” The FCA recently reported they pursued interventions 8582 times in 2022, more than 14X… Read More

April 5, 2023 @ 11:47 pm By Omar Faridi  |  

Cowbell, the provider of cyber insurance for small and medium-sized enterprises (SMEs), has launched its UK operations and appointed cyber insurance expert, Simon Hughes, as General Manager for Cowbell UK. Hughes joins Cowbell “with a unique blend of experience across the U.S. and the UK,… Read More

April 5, 2023 @ 1:09 pm By JD Alois  |  

Remote working firm Reskube has raised its £500,000 goal via a securities offering on Crowdcube. The company sold a 5.88% stake in the firm at a pre-money valuation of £8 million. The offering was hidden on the Crowdcube website as it was pitched to s”elected… Read More

April 5, 2023 @ 10:24 am By JD Alois  |  

Interactive Brokers (NASDAQ:IKBR) has integrated Wise (LSE:WISE) into its platform to allow account holders to benefit from Wise’s global transfer services. Interactive Brokers supports clients from over 200 countries and territories, so partnering with Wise makes a lot of sense. Interactive Brokers is a regulated… Read More

April 5, 2023 @ 6:57 am By Omar Faridi  |  

The Embedded Banking provider announces full-year results “including 46% increase in transaction volumes and 22% growth in customers.” ClearBank Ltd., enabler of bank accounts, real-time clearing, and Embedded Banking for financial institutions, presents “the results from its 2022 Annual Report revealing the bank nearly tripled… Read More

April 4, 2023 @ 8:11 am By Omar Faridi  |  

The team at Molo Finance is pleased to launch Rapid remortgage, a new service helping investors “get an offer on their buy-to-let mortgage in just 24 hours.” A typical remortgage process “takes a lengthy time, which is why they’ve streamlined their approval process for customers… Read More

April 4, 2023 @ 8:08 am By Omar Faridi  |  

Acre, the “one-click” mortgage intermediaries platform, has announced it has secured £6.5 million investment to grow its tech platform and enhance the process of buying a home. The McPike Global Family Office (MGFO), “joins returning investors Aviva and Founders Factory, to provide new funds to… Read More

April 3, 2023 @ 5:38 pm By JD Alois  |  

Acorns, an online investment platform providing access to securities, crypto, and banking services, has acquired UK-based Fintech GoHenry. GoHenry is a digital investment platform that targets younger investors, aiming to get them started on securing their financial future early in life. GoHenry is also a… Read More

April 2, 2023 @ 6:30 pm By JD Alois  |  

Beginning on April 6, 2023, early-stage private firms will be able to tap into an improved Seed Enterprise Investment Scheme (SEIS), one of several tax policies aimed at supporting entrepreneurship and early-stage firms in the UK. The popular program is a positive for both investors… Read More

April 2, 2023 @ 5:22 pm By Omar Faridi  |  

Klarna, a global payments provider and shopping service, reveals UK consumers prefer chatting politics, fertility and break-ups than finances, but that’s set to change “with young people feeling increasingly comfortable talking about money with friends and family.” The new findings from Klarna and YouGov’s research… Read More