Tagged: united kingdom

January 24, 2023 @ 11:20 pm By JD Alois  |  

Plum, a smart money app, has expanded services into in five new European countries including Italy, Portugal, the Netherlands, Greece, and Cyprus. Plum has been available in the UK, France, Spain, Ireland and Belgium. Founded in 2016 by Victor Trokoudes, Plum automates parts of personal… Read More

January 24, 2023 @ 10:57 am By Omar Faridi  |  

Milestone Group, the global provider of Oversight and Backup NAV solutions to the investment management industry, has announced that the UK’s largest independent Authorised Corporate Director (ACD), Link Fund Solutions, will “adopt its pControl™ Oversight platform.”: pControl™ Oversight will “allow Link Fund Solutions (LFS) to… Read More

January 24, 2023 @ 10:42 am By JD Alois  |  

LendInvest (LSE:LINV) has announced a partnership with the British Business Bank to aid in the building of more homes, financed by HSBC, according to a note from the Fintech. LendInvest states that HSBC will provide £100 million for LendInvest’s development finance program. The project is… Read More

January 24, 2023 @ 10:24 am By JD Alois  |  

Creditspring is reporting an increase in demand which they are attributing to the rapid increase in the cost of living, which is expected to continue in 2023. Creditsrping said that during the last 12 months, 260,000 borrowers sought credit on the platform, with “members” increasing… Read More

January 24, 2023 @ 8:03 am By Omar Faridi  |  

The team at ThinCats are pleased to announce that they provided £302 million of funding to businesses in 2022. In total, ThinCats has “lent more than £1.3bn to businesses across the UK while assets under management stand at a record £675m.” Despite a challenging economic… Read More

January 24, 2023 @ 8:00 am By Omar Faridi  |  

Metro Bank has launched a digital car loan product under the RateSetter brand to enter the sizeable and growing vehicle financing UK market. The loans are hire purchase loans “for used cars and are currently available through motor brokers using market-leading RateSetter technology.” CarFinance 247… Read More

January 24, 2023 @ 7:54 am By Omar Faridi  |  

Okredo, an open data platform that merges open data, open banking, and credit bureau functionalities, aims to give SMEs in the UK a competitive advantage by “offering access to the most recent data about other UK businesses.” Okredo will start by “introducing business linkages reports,… Read More

January 23, 2023 @ 11:42 pm By Omar Faridi  |  

Nova Credit UK, a wholly owned subsidiary of Nova Credit, has received the requisite scope of permissions in order “to provide credit references in the UK from the Financial Conduct Authority (FCA).” Through its Nova Passport technology, the firm intends “to make it easier, faster… Read More

January 23, 2023 @ 10:21 pm By Omar Faridi  |  

PrimaryBid, the capital markets Fintech bringing individual investors into public company fundraisings, has appointed Fiona Richards as Chief Operating Officer. Ms Richards joins PrimaryBid “from Rowan Dartington, the discretionary investment arm of St. James’s Place plc, where she was Chief Operating Officer and Board Director… Read More

January 23, 2023 @ 8:49 pm By Omar Faridi  |  

The PensionBee Impact Plan has been created in collaboration with BlackRock, specifically in response to PensionBee customer feedback. This is an innovative new product which delivers active impact investing “to mainstream investors; through the PensionBee Impact Plan savers are able to invest in companies whose… Read More

January 23, 2023 @ 8:27 am By Omar Faridi  |  

Emma, the financial super app, announces the release of Easy Access Pots that allow customers “to earn up to 2.43% AER to more than 1.3m+ customers in the UK.” This product is launched in partnership with Bondsmith, which claims to be “the UK’s leading provider… Read More

January 23, 2023 @ 8:25 am By Omar Faridi  |  

Playter, the UK’s provider of B2B Buy-Now-Pay-Later for SMEs, is once again shaking things up in the world of alternative lending, with its newest credit offering, “Paid”. Playter’s mission “to help SMEs release cash flow for growth and investment by offering flexible financing, continues apace… Read More

January 22, 2023 @ 11:17 pm By Omar Faridi  |  

Property Partner, which claims to be he UK’s leading fractional property investment platform, is rebranding as London House Exchange. The rebrand reportedly :follows an additional £2.4m of investment from US digital homeownership company, Better.” With the rebrand, London House Exchange (LHX) “reprises its original legal… Read More

January 22, 2023 @ 10:49 pm By JD Alois  |  

The British Business Bank has agreed to an initial £175 million “ENABLE Guarantee” for DF Capital, a subsidiary of Distribution Finance Capital Holdings plc. DF Capital received its banking license in September 2020. Headquartered in Manchester, DF Capital is a commercial lending and personal savings… Read More

January 22, 2023 @ 4:03 pm By Omar Faridi  |  

Onfido, the global automated identity verification provider, announced it has achieved certification for high confidence profile H1A under the UK Digital Identity and Attributes Trust Framework (the trust framework). The certification serves use cases “where a higher confidence level in digital identity verification is required.”… Read More

January 21, 2023 @ 10:17 am By Omar Faridi  |  

Channel Capital has appointed Bhoomika Kesaria as Head of Investor Relations. Channel is an FCA-regulated alternative investment fund manager (AIFM) “specializing in fintech, working capital and trade finance investments.” Since 2014, the London-headquartered company has “deployed more than $9 billion of assets across fintech lending and… Read More

January 20, 2023 @ 12:17 pm By JD Alois  |  

Faace founder Jasmine Wicks-Stephens says more female entrepreneurs are turning to securities crowdfunding. Citing research by the European Investment Bank (EIB), Wicks-Stephens notes that female entrepreneurs secured just 1% of venture capital last year – even though female founders tend to perform well, failing less… Read More

January 20, 2023 @ 7:09 am By Omar Faridi  |  

LendInvest (LSE: LINV), which claims to be the UK’s leading asset manager for property finance, announces increased funding from Lloyds Bank now totaling £300 million “to support its entry into the UK’s £1.2 trillion homeowner mortgage market.” LendInvest’s home owner mortgage product, “which beta launched… Read More

January 20, 2023 @ 7:05 am By Omar Faridi  |  

Allfunds (AMS:ALLFG), the B2B WealthTech platform for the funds industry, announces the appointment of Tom Wooders as UK Country Head. Tom will lead the UK business as it “continues to grow in size and prominence, as a key market in the European funds industry.” Tom… Read More

January 18, 2023 @ 9:52 am By Omar Faridi  |  

The financial services sector has evolved considerably during the past decade, with many new Fintech startups and banking challengers raising substantial funding to fundamentally improve how consumers perform transactions. Individuals and business organizations across the globe have been moving their activities online, a digital transformation… Read More