Tagged: united kingdom

November 21, 2022 @ 11:10 am By JD Alois  |  

Molten Ventures (LSE: GROW, Euronext Dublin: GRW), a publicly listed VC firm that backs early stage digital firms, has published a 6 month update on performance, ending September 30, 2022. Molten said that its gross portfolio value has declined to £1,450 million versus March at… Read More

November 20, 2022 @ 8:17 pm By Omar Faridi  |  

ROX Equity Partners, a UK based private equity company, has acquired SilverBridge. The financial services technology provider “has become the first subsidiary in the newly established Alula Technologies group providing solutions to the insurance and health industries.” As an organization who has demonstrated its ability… Read More

November 20, 2022 @ 7:26 pm By Omar Faridi  |  

Input Output Global, Inc. (IOG), one of the builders of Cardano, the proof of stake blockchain, has partnered with the University of Edinburgh, one of the “most highly rated” academic institutions in the United Kingdom, “to develop the blockchain industry’s first ‘decentralization index’.” The Edinburgh… Read More

November 20, 2022 @ 4:08 pm By JD Alois  |  

The Autumn Statement delivered by the Chancellor of the Exchequer, Jeremy Hunt, last week included some grim news – including the declaration that the UK economy is in a recession. Fiscal sobriety was the message, a sharp turn from the mini-budget under Truss that caused… Read More

November 20, 2022 @ 12:23 pm By Omar Faridi  |  

The Financial Conduct Authority has publicly censured Mohammad Ataur Rahman Prodhan, the former Chief Executive Officer of Sonali Bank (UK) Limited (SBUK) “for anti-money laundering (AML) failings.” Prodhan was “the senior manager at SBUK with responsibility for the establishment and maintenance of effective AML systems… Read More

November 19, 2022 @ 6:25 pm By Omar Faridi  |  

Paysend, the UK-based fintech, introduced Paysend Libre, which will “allow unbanked users in Northern Central America (Guatemala, Honduras, El Salvador) to receive remittances from the U.S. instantly to a Paysend virtual Mastercard digital card.” The virtual card is ready “to use in minutes for cash… Read More

November 19, 2022 @ 12:26 pm By Omar Faridi  |  

Global fintech platform Airwallex announced that UK-based small and medium-sized enterprises (SMEs) remain optimistic about international expansion next year, “with almost three-quarters (70%) planning to expand into, or further into, foreign markets in 2023.” The independent research, which surveyed 500 UK SME decision makers in… Read More

November 19, 2022 @ 12:24 pm By Omar Faridi  |  

Coinbase (NASDAQ:COIN) is rolling out Easy Bank Transfers, which are described as “a seamless and secure way for UK users to add money to their Coinbase account.” As part of Coinbase‘s mission to increase economic freedom in the world, they are “committed to finding ways… Read More

November 18, 2022 @ 5:06 pm By JD Alois  |  

SunGod, a performance sunglasses startup, has rocketed past its funding target almost immediately on Crowdcube.  SunGod reports that it took just 79 minutes to close the funding round. The securities offering went live on November 15th. The offering page indicates that SunGod raised almost £3… Read More

November 18, 2022 @ 8:13 am By Omar Faridi  |  

Crowdcube reveals that it has earned B Corp certification, solidifying the equity crowdfunding platform’s aim to developing a business making a net positive impact on the planet. The Fintech firm reportedly received a score of 87.2 out of 200 (the average score is around 50.9)…. Read More

November 17, 2022 @ 11:27 am By JD Alois  |  

Chancellor of the Exchequer Jeremy Hunt delivered the Autumn Budget today, and once again, there is a bundle of adjustments and announcements aiming to improve the UK economy that is struggling with high inflation, unsustainable energy costs, and a recession. The UK government has already… Read More

November 16, 2022 @ 7:01 pm By JD Alois  |  

Revolut, a UK-based neobank with global ambitions, has announced topping 25 million retail customers after reporting 20 million customers this past July. Revolut is a Fintech that offers modern digital banking services minus costly physical locations. The “financial super app” added that its expansion plans… Read More

November 16, 2022 @ 8:24 am By Omar Faridi  |  

Banked Ltd, the London-based Fintech company building a next-gen global payment network, announced that it has raised over $15 million in a Series A extension round, “led by global software investor Insight Partners.” The investment round was “supported by Citi and National Australia Bank Ventures,… Read More

November 16, 2022 @ 8:18 am By Omar Faridi  |  

Atom bank and Phoebus Software Limited (PSL) have reportedly signed a new 3-year contract. The digital bank which streamlined the mortgage market by introducing the use of mobile apps in order to support its lending processes, has been a Phoebus user since Atom Bank’s official… Read More

November 15, 2022 @ 10:26 am By Omar Faridi  |  

The team at Molo Finance are pleased “to introduce a ‘Savings Booster’ feature across all of our buy-to-let products.” Current market volatility in the UK has “resulted in landlords facing the highest mortgage interest rates in over a decade.” Recognizing the challenges they face, the… Read More

November 15, 2022 @ 8:26 am By Omar Faridi  |  

UK BaaS (Banking as a Service) fintech firm Griffin and global FS OS (Financial Services Operating System) 11:FS Foundry announced a new partnership “to help businesses actualise the benefits of embedded finance – the process of building new fintech products and embedding financial services directly… Read More

November 14, 2022 @ 8:07 am By Omar Faridi  |  

After expansive growth in both client base and product offerings, Addepar is pleased to announce “the continued growth of their European presence.” The opening of their London office “follows last year’s expansion in Edinburgh.” CEO Eric Poirier said: “We’re excited to see this addition to our… Read More

November 13, 2022 @ 11:07 pm By Omar Faridi  |  

Uphold, a digital money platform, has announced the launch of its new debit card for UK customers that pays rates of “up to 4% rewards in XRP.” Unlike other comparable cards, the Uphold Card will “not charge non-sterling transaction fees, making it ideal for travel… Read More

November 13, 2022 @ 10:48 pm By Omar Faridi  |  

Wayhome has raised 102% (£3,087,566) of its £3,000,001 target from 448 investors via its crowdfunding campaign, carried out via Seedrs. There are now (at the time of writing) 20 days left in this sale. According to the Wayhome team, they aim to offer “a new… Read More

November 13, 2022 @ 1:01 pm By Omar Faridi  |  

YouWrk, which claims it is recruitment that “works for everyone,” blending the “best” of digital and human, with Stripe-powered technology and “hands on account management,” has raised 95% (£143,344.58) of its £150,000 target from 87 investors with 9 days left (at the time of writing)… Read More