Tagged: united kingdom

February 1, 2023 @ 9:16 am By JD Alois  |  

The UK government has announced its intent to “robustly regulate crypto-asset activities.” In recent years, the UK has expressed its intent to become a crypto hub – supporting innovation while crafting a regime that provides sufficient consumer protections and transparency. The goal is to deliver… Read More

February 1, 2023 @ 8:20 am By Omar Faridi  |  

TransUnion (NYSE: TRU) has announced a strategic investment in Bud Financial Limited, a key player focused on Open Banking and data intelligence. This dynamic partnership will “help drive innovation and growth in the personal finance market and support better outcomes for consumers, with greater financial… Read More

February 1, 2023 @ 8:17 am By Omar Faridi  |  

The crypto-asset industry might have been struggling during the past year, however, global banking institution HSBC (NYSE: HSBC) is looking to enhance its expertise in the area, advertising for senior digital assets and tokenization professionals. The new roles, both at HSBC‘s Global Private Banking and… Read More

January 31, 2023 @ 8:13 am By Omar Faridi  |  

docStribute, the “smart” solution that allows immutable file sharing for a wide range of industries using distributed ledger technology (DLT), is now “available to members of Penrith Building Society, digitizing member communications.” London-based RegTech startup docStribute has joined forces with Penrith Building Society in order… Read More

January 31, 2023 @ 8:09 am By Omar Faridi  |  

Large enterprises today are facing significant macroeconomic uncertainty across the world, according to an update from Paysend. Alexander Budyakov, Enterprise Business Executive, Paysend, notes that the fallout of the COVID-19 pandemic continues “to disrupt markets and supply chains whilst inflationary pressures and fluctuating currency markets… Read More

January 30, 2023 @ 11:59 am By JD Alois  |  

Lettingaproperty, a UK-based Proptech, is looking to raise £850,000 on Seedrs. Recently launched, the securities offering has almost raised its funding target. As of today, over £800k has been raised, backed by 123 investors. According to the offering page, Lettingaproperty is offering equity at a… Read More

January 30, 2023 @ 11:36 am By JD Alois  |  

A new report indicates that Fintech funding declined in 2022 as the sector was impacted by a challenging market. According to Tracxn, private Fintech firms in the UK raised a total of $11.2 billion in 2022, a drop of 13% from the year prior. In… Read More

January 29, 2023 @ 8:20 pm By Omar Faridi  |  

PrimaryBid and Winterflood announced a collaboration to further advance UK retail investor participation in equity and debt capital markets, including IPOs and follow-on fundraises. Together the firms will “offer API integration to any stockbroker or wealth manager wishing to distribute primary market deals to retail… Read More

January 29, 2023 @ 6:20 pm By Omar Faridi  |  

Lloyds Banking Group has invested £4 million in Caura, an all-in-one motoring app designed to take the hassle out of car ownership. Caura for iOS and Android “provides a single, highly intuitive interface for all driving related payments.” It serves “the 30 million motorists in… Read More

January 27, 2023 @ 10:46 am By Omar Faridi  |  

Starling Bank is starting the new year with “significant” achievements. The digital bank reveals that it “tops the Current Account Switch Service (CASS) leaderboard, is named Britain’s best current account by Finder.com, and makes the top ten in its debut entry to the UK Customer… Read More

January 27, 2023 @ 9:02 am By Omar Faridi  |  

Copper.co, the provider of institutional digital asset custody and trading solutions, announces the appointment of Lord (Philip) Hammond of Runnymede, the former Chancellor of the Exchequer, as Chair. He takes up this role with “immediate effect.” Lord Hammond has “served as a Senior Adviser to… Read More

January 26, 2023 @ 9:46 pm By JD Alois  |  

Dubai Investments PJSC, listed on the Dubai Financial Market [DFM], has acquired a 9% equity stake in Monument Bank Limited, a UK Based Digital Bank regulated by the Financial Conduct Authority (UK) and the Prudential Regulation Authority (UK). The terms of the deal were not… Read More

January 26, 2023 @ 3:22 pm By JD Alois  |  

The UK government created the Future Fund to provide access to capital to early-stage firms which were most likely unable to access debt capital during the COVID-19 health crisis. The fear was that a generation of innovative young firms would disappear as markets contracted and… Read More

January 26, 2023 @ 11:35 am By JD Alois  |  

Wise (formerly dba as Transferwise) (LSE:WISE) has announced 15 new partners, in four different markets, to start 2023. In total, Wise now claims 60 partners globally. Wise shares that almost 10 million new customers gained access to Wise, via the Wise Platform, in 2022 alone…. Read More

January 26, 2023 @ 8:56 am By Omar Faridi  |  

We recently caught up with Girts Straujums, CEO of WeavePay, a UK-based payment platform that helps businesses go borderless. Girts Straujums talked about the issues facing Fintech platforms and how certain customer needs are still not being met. Straujums also shared the main reasons why… Read More

January 26, 2023 @ 8:23 am By Omar Faridi  |  

London-based Emperia has raised $10 million. Concept Ventures are pleased to share that Concept portfolio company Emperia has raised a $10 million Series A investment round “led by Base10 Partners, joined by Concept Ventures, Daphni, Sony Ventures, Background Capital, Bliss Growth & Stanford Capital Partners… Read More

January 26, 2023 @ 8:21 am By Omar Faridi  |  

Smart Pension, which claims to be one of the UK’s leading workplace pension providers, announces the launch of three new fully sustainable lifestyle strategies “with different growth fund options: the Smart Sustainable Growth Core Fund, Smart Sustainable Growth Fund (the Smart Pension default fund) and… Read More

January 25, 2023 @ 11:40 pm By JD Alois  |  

SongBits.com is a new platform that is planning to launch later this year that will allow users to invest in “a bit of a song from world-class artists.” Investors may then share in the song’s streaming revenues for life, according to the company. A private… Read More

January 25, 2023 @ 9:19 am By Omar Faridi  |  

The United Kingdom has consistently taken a strong position on cybersecurity, “recognizing the need to drive awareness and responsiveness on a national scale,” according to an update from Hypr, the passwordless service provider. It reportedly “established the National Cybersecurity Centre in 2016, has among the… Read More

January 24, 2023 @ 11:37 pm By JD Alois  |  

CrowdProperty says it has recently undertaken a review of the rates of return offered on their first-charge secured property development projects as part of CrowdProperty’s ongoing commitment to platform investors. Following the review, CrowdProperty has boosted rates of returns for new projects launched on the… Read More