Tagged: united kingdom

October 15, 2022 @ 2:32 pm By Omar Faridi  |  

Zumo, the UK-based wallet and crypto-as-a-service enterprise solution provider, has announced at Sibos 2022 that it has “become the latest member of the World Economic Forum’s Crypto Sustainability Coalition.” Part of the wider Crypto Impact and Sustainability Accelerator, the newly formed coalition will explore “how… Read More

October 14, 2022 @ 1:35 pm By Omar Faridi  |  

YuLife, the tech-driven financial services brand on a mission to inspire life, recently announced that funds and accounts advised by T. Rowe Price Associates, Inc. have joined as investors in the company, “having participated in YuLife’s recent Series C funding round.” The investment, along with… Read More

October 13, 2022 @ 2:23 pm By Omar Faridi  |  

Since Talenthouse completed the acquisition of Coolabi which covers several markets including UK, US and China, both businesses are working together “to deepen Talenthouse’s proposition within the Creator Economy space and diversify its offering amidst an unsteady market.” With market conditions looking to continue in… Read More

October 13, 2022 @ 8:21 am By Omar Faridi  |  

GoHenry, the UK-headquartered provider of a pre-paid debit card and financial education app for kids, has secured $55 million in capital in order to fund its move into new markets. GoHenry has raised growth capital on a crowdfunding platform, pursuing multiple funding rounds on Crowdcube,… Read More

October 13, 2022 @ 8:14 am By Omar Faridi  |  

The Digital Pound Foundation is pleased to announce the addition of Modulr to the Digital Pound Foundation’s membership community. Since its inception in 2016, Modulr has “grown to become the leading provider of embedded payments to businesses across the UK and Europe.” Authorized by the… Read More

October 12, 2022 @ 10:19 am By Omar Faridi  |  

Railsr, the embedded finance experience platform, has chosen SurePay as its UK Faster Payments (UKFP) Confirmation of Payee (CoP) vendor in order to assist its clients with combatting fraudulent activities and misdirected payments carried out in the United Kingdom. With SurePay, Railsr may now take… Read More

October 12, 2022 @ 8:11 am By Omar Faridi  |  

MarketFinance, which claims to be one of the leading fintech credit and payments companies, has secured a £30 million credit facility from Viola, the Israeli technology investment group, in order “to expand its B2B Pay Later embedded finance offering for SMEs.” Available in Sterling, US… Read More

October 11, 2022 @ 12:47 pm By Omar Faridi  |  

Barclays is rolling out a new cashback without purchase service, “creating thousands of new locations for consumers to withdraw cash for free.” This is the first time a UK bank has “launched its own cashback without purchase service, made possible by Barclays’ payments franchise and… Read More

October 11, 2022 @ 7:44 am By Omar Faridi  |  

Bank of America’s (NYSE: BAC) online payment solution, Pay by Bank, is now available for euro currency payments. Delivered in conjunction with Banked Ltd., this development follows the UK launch of Pay by Bank in February this year and “allows customers of e-commerce companies to… Read More

October 10, 2022 @ 11:07 pm By Barry James  |  

‘Going for Growth’ Liz Truss’ Style Has Led the UK to A Precipice – Can MPs Pull it Back In Time?   Dear MPs, As Liz Truss launches her pincer movement in parliament this week – a ‘charm offensive’ coupled no doubt with a touch… Read More

October 10, 2022 @ 11:13 am By JD Alois  |  

Among other policy initiatives aiming to boost the UK’s flagging economy, SEIS or Seed Enterprise Investment Scheme – a pro-innovation tax exemption received an adjustment as outlined in the Chancellor of the Exchequer’s “mini-budget” revealed last month. According to the document: “From April 2023, companies… Read More

October 10, 2022 @ 9:16 am By JD Alois  |  

BankiFi, a UK-based Fintech offering embedded banking services, has announced a partnership with Axiom Bank to pursue the US SME banking market. Axiom Bank, based in Florida, has its roots as a community-based savings and loan firm that has bigger plans. The two firms are… Read More

October 10, 2022 @ 8:18 am By Omar Faridi  |  

Crowdtolive, which lets people own their home “without incurring debt,” whilst investors can get the benefits of property investment, has raised 120% (£482,950) of its £400,004 target via Seedrs from 158 investors (at the time of writing) with 20 days currently left in the firm’s crowdfunding… Read More

October 9, 2022 @ 11:34 pm By Omar Faridi  |  

A new independent survey of more than 2,000 European SMEs has found: 68% plan to adopt real-time payment processing in the next 12 months At present, just 10% of SMEs can receive payments instantly 23% say their international growth has been hindered due to delays… Read More

October 9, 2022 @ 10:34 pm By JD Alois  |  

Fintech startup Hedgehog has raised over £1.56 million on Seedrs. As was previously reported, Hedgehog was aiming to raise £1 million but has easily topped that amount by over 50%. Hedgehog was offering equity at a pre-money valuation of £20.4 million. The offering was EIS-approved…. Read More

October 8, 2022 @ 6:15 pm By Omar Faridi  |  

HSBC (NYSE: HSBC) has launched HSBC Trade Solutions (HTS) to customers in its two largest markets – the UK and Hong Kong. Whilst making trade simpler, faster, and safer for customers through integrated digital journeys, HTS will “power commerce that is rapidly evolving across different… Read More

October 7, 2022 @ 7:52 am By Omar Faridi  |  

Aryza, which claims to be the expert developers of software solutions for the sectors of insolvency, credit and debt recovery, has announced a partnership with Validis, an open accounting platform, in order “to develop an open finance solution that will help business lenders obtain better… Read More

October 6, 2022 @ 10:40 pm By Omar Faridi  |  

British teenagers say they go online for help “on everything from hair hacks to video game tips, with one in three (33%) preferring to seek advice on the web to avoid the ‘awkwardness’ of asking someone face to face.” The Lloyds Bank research – which… Read More

October 6, 2022 @ 10:33 am By JD Alois  |  

Proplend, an online lending platform that allows individual investors to partiipate in commercial property loans, has appointed a new Chairman of the Board. According to a note from Proplend, Jason Oakley is the new Chair. Oakley was most recently the Managing Director of Metro Bank…. Read More

October 6, 2022 @ 9:45 am By Omar Faridi  |  

Santander UK has announced the launch of My Home Manager in the Santander mobile app, a new comprehensive service “for mortgage customers designed to assist with all aspects of their home, including: viewing their home value estimate and mortgage balance; checking their home’s Energy Performance… Read More