Tagged: united kingdom

April 26, 2023 @ 8:30 am By Omar Faridi  |  

Atlantic Money is pleased to announce the launch of its referral program, offering users the opportunity “to earn £15 or €15 for each approved person they refer.” Together with its unique “fixed fee” pricing model, the new referral program is “bringing Atlantic Money one step… Read More

April 25, 2023 @ 4:51 pm By JD Alois  |  

Global transfers and payments Fintech Wise (LSE:WISE) has announced an interest-generating option for cash held in a Wise account. The feature is available for US customers and follows a similar option made available for UK customers. Wise states that both business and personal customers in… Read More

April 25, 2023 @ 9:58 am By Omar Faridi  |  

Investment platform Lightyear announces the launch of its web application. The requested feature will “enable customers to manage their portfolios, buy/sell shares and research 3,000+ instruments available on Lightyear.” As noted in the update shared with CI, the importance of offering “a web platform has… Read More

April 25, 2023 @ 8:46 am By Omar Faridi  |  

Investment bank Schroders recently revealed that it has slashed the valuation of its shareholding in digital bank Revolut by nearly half after the Fintech company had been criticized for trying to downplay potentially serious red flags from auditors BDO regarding its revenue statement. As noted… Read More

April 25, 2023 @ 8:35 am By Omar Faridi  |  

DivideBuy has released the results of a new consumer insights survey, “showing that 38% of UK consumers will make more use of interest free credit options to manage their finances in the next 12 months.” The Fintech is “Lendtech point of sale (POS) finance firm.”… Read More

April 25, 2023 @ 3:00 am By JD Alois  |  

42Markets Group, a Fintech investment group, has raised $10 million in funding from Convergence Partners, a private equity investor dedicated to the technology sector across sub-Saharan Africa, according to a company statement. The funding is expected to boost the development of the following portfolio companies:… Read More

April 23, 2023 @ 6:07 pm By Omar Faridi  |  

The EU Parliament’s passing of the Markets in Crypto Act, or MiCA, on Thursday has been hailed as a “landmark moment” for cryptocurrencies that will “help drive prices” for the likes of Bitcoin. This, according to the CEO of an independent financial advisory, asset management and… Read More

April 23, 2023 @ 5:51 pm By JD Alois  |  

The Cambridge Centre for Alternative Finance (CCAF) has launched a new tool that maps the global footprint of UK Fintechs. The service was created in partnership with Innovate Finance, a UK advocacy group for firms in the Fintech sector. CCAF is the leading research entity… Read More

April 21, 2023 @ 10:15 am By JD Alois  |  

Gretel, part of IntelliTeq Limited, is a Fintech startup that aims to help people uncover lost savings and investments, with around 2o million people in the UK having unclaimed funds that are estimated at £50 billion. The company reports that in just a few months, its… Read More

April 20, 2023 @ 11:17 am By Omar Faridi  |  

The United Kingdom’s three largest Innovative Finance ISA (IFISA) providers in the P2P lending sector that are reportedly open to new investors include Abundance, EasyMoney, Folk2Folk. This, according to a report from Peer2Peer Finance News. As noted in the update, P2P property lender EasyMoney comes… Read More

April 19, 2023 @ 6:57 pm By Omar Faridi  |  

The team at Molo Finance says it is pleased to add Multi-Unit Freehold Blocks (MUFB) to their buy-to-let portfolio. As “savvy” landlords, Molo understands investors “continuously look for ways to boost profits, save money and maximise their investment.” That’s why they have “introduced MUFB to… Read More

April 19, 2023 @ 11:27 am By JD Alois  |  

Montonio and Episode Six have announced a new partnership to “bolster its open banking offering” in the Nordic region. Montonio is an e-commerce enabler providing payment links, card payments, automatic shipping label printing, and installment solutions. By incorporating Episode Six’s service, Montonio expects to reduce… Read More

April 19, 2023 @ 7:52 am By Omar Faridi  |  

British Business Investments, a wholly-owned commercial subsidiary of the British Business Bank, aims “to increase the supply and diversity of finance for smaller businesses across the UK by boosting the lending capacity of a range of finance providers.” Since it was established in 2014, British… Read More

April 18, 2023 @ 11:17 pm By Omar Faridi  |  

In today’s volatile environment, and with 84% of businesses expecting running costs to spike further this year1, SMEs are “increasingly reliant on real-time actionable insights to guide critical decisions.” Latest figures from Pulse, the “one-of-a-kind,” data-driven tool and resource hub for SMEs, from Nucleus Commercial… Read More

April 18, 2023 @ 12:00 pm By Barry James  |  

As the USA House Subcommittee on Digital Assets, Fintech, and Inclusion, hold a hearing on stablecoins Wednesday, April 19, 2023, in the USA, in the UK, and around the world, attempts to shoe-horn digital money from central and private banks (CBDCs and Stablecoins) into existing… Read More

April 18, 2023 @ 11:28 am By JD Alois  |  

Seedrs, part of Republic, has commented on its performance in the impact investing sector. In a Tweet, Seedrs noted that, to date, the online investment platform has enabled the following: £330 million in funding for sustainability-focused startups Sustainability securities offerings listed on the platform hold… Read More

April 18, 2023 @ 9:37 am By JD Alois  |  

The Joint Regulatory Oversight Committee (JROC) has posted the recommendations for the next stage of Open Banking in the United Kingdom. JROC is made up of HM Treasury, the Competition and Markets Authority (CMA), the Financial Conduct Authority (FCA), and the Payment Systems Regulator (PSR)…. Read More

April 18, 2023 @ 7:45 am By Omar Faridi  |  

Coinbase (NASDAQ:COIN) notes that we should never doubt the importance of the UK and Europe to their business operations. Coinbase writes in a blog post that they may be a US-listed company but they know that “to succeed in their mission of increasing economic freedom,… Read More

April 17, 2023 @ 11:17 pm By Omar Faridi  |  

Curve, the financial super app and digital wallet that empowers you to maximize rewards from your existing cards and gives you the ability to earn in cashback or in crypto, has announced the launch of a new function that “enables its customers to transfer their… Read More

April 17, 2023 @ 9:24 pm By Omar Faridi  |  

The Payments Association, which celebrates innovation and collaboration across the payments industry, has released a new whitepaper examining the current arrangements for sharing data to prevent economic crime in the UK, “citing collaboration between regulated entities and between public and private sector is key to… Read More