Tagged: united kingdom

January 11, 2023 @ 4:39 pm By Omar Faridi  |  

Four in five (80%) SMBs (small to medium-sized businesses) consider payments and a seamless checkout experience “as critical to growth.” New research among 200 U.S. brick-and-mortar SMBs commissioned by leading payments platform, Paysafe (NYSE: PSFE), revealed “that 69% of merchants want to reduce the time… Read More

January 11, 2023 @ 12:26 pm By Omar Faridi  |  

TSB is warning that around a quarter (25%) of fraud victims could be “denied reimbursement under the Payment Systems Regulator’s proposed refund mechanism, due to be introduced next year.” TSB claims it has long-campaigned “for higher fraud protections across the banking industry – and in… Read More

January 11, 2023 @ 12:00 pm By JD Alois  |  

Quasar has raised $5.4m in a bridge round at a $70 million valuation, according to a note from the firm. The funding round was led by Shima Capital alongside returning investors Polychain Capital, Blockchain Capital, HASH CIB, and Osmosis founder Sunny Aggarwal. New investors include… Read More

January 10, 2023 @ 11:57 pm By JD Alois  |  

Apperio, a provider of legal spend analytics and matter-tracking software, has raised $7 million in a funding round led by VC Molten Ventures. Total funding for Apperio now stands at $19.9 million. Other investors in the round include Notion Capital, IQ Capital, Nextlaw Ventures, Volution,… Read More

January 10, 2023 @ 3:16 pm By Omar Faridi  |  

Fractal Homes, a UK-based start-up offering fractional home ownership across Europe’s capital cities, has launched a second home co-ownership model “aimed at streamlining purchasing, maintenance, and upkeep of select properties for GCC residents.” To coincide with this announcement, Fractal Homes has “launched a new website… Read More

January 10, 2023 @ 8:09 am By Omar Faridi  |  

The team at Superscript is pleased to announce the completion of their £45 million ($54m USD) Series B funding round. The investment round was “led by existing investor BHL UK, owner of Comparethemarket, with participation from new investor and Fortune 500 insurer The Hartford.” Other… Read More

January 9, 2023 @ 9:42 pm By Omar Faridi  |  

UK pension holders will increasingly be “seeking to move retirement funds overseas as fears grow about the Budget in March,” predicts the Investment Director of an independent financial advisory, asset management and fintech organization. The warning from James Green of deVere Group comes “ahead of… Read More

January 9, 2023 @ 8:59 am By JD Alois  |  

Property in London continues to be a hot asset class. In fact, according to a recent report, prime central London property sales have increased by 48% in the past three years. The information was provided by the property investment platform CapitalRise as well as Savills…. Read More

January 9, 2023 @ 1:10 am By Omar Faridi  |  

XeroE, which provides emission-free deliveries, using their science-based software for impact-driven businesses, has acquired 56% (£256,076) of its £450,004 target from 86 investors (at the time of writing) through the firm’s crowdfunding campaign, carried out via Seedrs. Located in London, XeroE operates in the Automotive… Read More

January 8, 2023 @ 10:27 pm By Omar Faridi  |  

Student Rents,  an SaaS rental platform, allowing agents “to advertise properties, students to find them and both to manage tenancies,” has raised 116% (£464,084.10) of its £400,000 target from 157 investors (at the time of writing) via Crowdcube with 4 days left in the firm’s… Read More

January 8, 2023 @ 8:07 pm By Omar Faridi  |  

Starling Bank expects to “more than quadruple its pre-tax profits in its Annual Results for the year ending 31 March 2023.” According to an update shared with CI, the bank “generated annualized pre-tax profits of more than £250 million on the back of almost £600… Read More

January 7, 2023 @ 3:35 pm By Omar Faridi  |  

Vestd has introduced a new simplified version of its equity management platform to help startups, SMEs and investors with organizing, managing and tracking shareholders and ownership. Vestd Lite is currently available for UK-headquartered firms to quickly issue shares among staff, manage shareholders and view their… Read More

January 6, 2023 @ 10:46 am By Omar Faridi  |  

New entrant bank Ashman recently revealed that it has appointed Ben Hynes as the company’s Chief Information Officer (CIO) and Mark Holloway as the Chief Technology Officer (CTO), expanding its senior management team. In his new role as the bank’s CIO, Hynes will be responsible… Read More

January 6, 2023 @ 8:48 am By Omar Faridi  |  

This week Zopa Bank has crossed the £3 billion deposits milestone, while their customers have collectively “opened 150,000 accounts to grow their savings faster in today’s challenging environment.” Zopa’s ambition is “to make the hundreds of billions in “zombie money” sitting idle in UK current… Read More

January 5, 2023 @ 10:17 pm By Omar Faridi  |  

Instead of dealing with different platforms and currencies, receipts and invoices, and arguing with banks over spend limits, you can consider using services provided via Juni. The company explains that with automatic receipt generation, real-time spend insights and Google Ads invoices auto-pulled into your account,… Read More

January 5, 2023 @ 11:29 am By JD Alois  |  

Funding Circle US, a subsidiary of the UK firm Funding Circle (LSE:FCH) has selected a new Managing Director to lead operations. According to a release, Steve Allocca will take over the US operations of the SME online lending platform, reporting directly to Funding Circle CEO… Read More

January 5, 2023 @ 10:48 am By Omar Faridi  |  

Bondsmith, the UK’s provider of cash management and savings solutions to the wealth management industry, has become a principal member of Visa, a key player in digital payments, “to further its mission of improving the wealth management industry through embedded banking services.” “Super-apps” and fintechs… Read More

January 5, 2023 @ 9:16 am By Omar Faridi  |  

A survey of more than 1,000 European business leaders based in the UK, Belgium and the Netherlands, by Vodeno/Aion Bank has found: More than half (51%) believe BaaS will make traditional banking obsolete 58% said BaaS providers offering a licence alongside a tech solution will… Read More

January 4, 2023 @ 11:27 pm By Omar Faridi  |  

Historically, London has enjoyed an “outsized” role in euro-denominated financial transactions, according to an update shared by the Bank for International Settlements (BIS). BIS has examined the latest evidence on whether Brexit has “affected its central role in trading of interest rate derivatives, foreign exchange,… Read More

January 3, 2023 @ 8:33 am By Omar Faridi  |  

When conducting business overseas, companies of all sizes can be hampered by slow payment times, high costs and limited transfer options, according to an update from Paysend. However, these barriers are “particularly cumbersome for SMEs, which have fewer resources in terms of workforce and cash… Read More