Tagged: united kingdom

September 24, 2022 @ 4:56 pm By Omar Faridi  |  

London-based start-up Playter is taking the BNPL space “by storm,” as they announce an increase in the amount of funding SMEs can access through their growth platform, “reducing business owners’ burn rates, increasing runway, and freeing up capital.” Up until now, Playter could offer up… Read More

September 23, 2022 @ 11:35 am By JD Alois  |  

WiseAlpha, a unique online investment platform providing individual investors with access to corporate bonds, has announced a partnership with Titan Wealth. WiseAlpha, based in the UK, enables fractional investments in corporate bonds. The platform holds a mission of democratizing the corporate bond market with its… Read More

September 23, 2022 @ 8:22 am By Omar Faridi  |  

London-based Weavr announced an update that “adds a new level of convenience for cardholders to add their cards to Apple Pay and Google Wallet, improving digital security and card usage, and in turn fuelling transaction growth for embedded finance innovators.” The technology-first fintech has revealed… Read More

September 22, 2022 @ 4:04 pm By JD Alois  |  

The UK government has introduced new legislation that is described as a move to counter those who abuse the UK’s open economy via money laundering or simply hiding ill-gotten gains. The Economic Crime and Corporate Transparency Bill is currently in Parliament, where it is scheduled… Read More

September 22, 2022 @ 9:18 am By JD Alois  |  

The Bank of England has raised interest rates by 50 basis points – the biggest leap in many years. The move by the BoE follows the US Federal Reserve’s anticipated 75 bps rate increase. The Bank of England said it maintains resolve to fight inflation… Read More

September 21, 2022 @ 9:09 am By JD Alois  |  

Zopa, a leading digital bank, has partnered with credit marketplace ClearScore to improve users “financial resilience” as inflation rockets higher, diminishing the purchasing power of the population. Zopa notes that inflation is predicted to hit 13% with no end in sight for the financial pain…. Read More

September 21, 2022 @ 2:00 am By JD Alois  |  

The Fintech Founders Summer Survey is out and the results are a bit grim. According to the survey respondents, only 38% believe that the UK is currently the world leader in Fintech, tumbling from 56% just one year ago. The UK has long been recognized… Read More

September 17, 2022 @ 4:27 pm By Omar Faridi  |  

The UK happens to be the “top” European market and is also one of the key global markets for venture capital (VC) funding, according to an update from GlobalData. However, it has been “experiencing a subdued funding activity in the recent months with monthly VC… Read More

September 16, 2022 @ 9:33 pm By Omar Faridi  |  

Martin Sokk notes that being European, his co-founder Mihkel and him had a front row seat to “how difficult and expensive investing in global markets was.” Martin added that you “have the big banks and professional platforms — but then you’re faced with confusing interfaces… Read More

September 15, 2022 @ 11:51 am By JD Alois  |  

As was reported this week, Do Kwon – the creator of TerraUSD and LUNA, has been subjected to a warrant for his arrest in South Korea. TerraUSD sought to be an algorithmic stablecoin tied to the US dollar but lost its dollar peg generating an… Read More

September 15, 2022 @ 10:39 am By JD Alois  |  

Hedgehog, a fractional investing platform leveraging blockchain, is raising growth capital on Seedrs and has quickly topped its funding goal. According to the offering page, Hedgehog is seeking  £1 million in equity at a pre-money valuation of £20.4 million – representing about a 4.8% stake… Read More

September 15, 2022 @ 8:35 am By Omar Faridi  |  

Adam McCann, Co-founder and CEO at Claimer, notes that he’s pleased to announce they’ve raised a $4.2m seed, led by Project A Ventures, with participation from Moonfire Ventures, and helloworld.vc. A group of angels also contributed to the investment round. They reportedly “include Matt Clifford… Read More

September 15, 2022 @ 7:44 am By Omar Faridi  |  

Paysend, the UK-based Fintech with over 7 million customers, announces the launch of Instant Account Payments, which give consumers and businesses the ability “to send instant cross-border payments of up to $100,000 to accounts for just $1 per payment.” Users can quickly connect to Paysend’s… Read More

September 15, 2022 @ 1:03 am By Omar Faridi  |  

Payhawk, the spend management solution with a presence across the UK and Europe, officially launched in the US. The unicorn has “opened an office in New York and is introducing a US credit card to support companies with multiple offices across the UK, Europe, and… Read More

September 12, 2022 @ 12:31 pm By JD Alois  |  

Fintech Plum will be offering stock investing and debit cards in Europe as it expands into France, Ireland, Spain, and Belgium. Plum is registered as an e-money agent of PayrNet Limited with the Financial Conduct Authority. A neo-bank or “super-app,” Plum reports serving over 1… Read More

September 12, 2022 @ 10:16 am By Omar Faridi  |  

ForwardAI, a Fintech providing aggregated access to accounting & business data and analysis, announced today its partnership with Swoop Funding, the one-stop money shop “for businesses in Australia, Canada, Ireland, and the UK.” Through the partnership, Swoop Funding will be “augmenting its current data collection… Read More

September 12, 2022 @ 9:26 am By JD Alois  |  

Sonovate reports that new research indicates that small businesses are struggling to access finance from mainstream providers – IE traditional banks. Because of this, firms are tapping alternative finance providers as inflation rises along with rates. Pointing to a report by the UK Financial Conduct… Read More

September 11, 2022 @ 6:47 pm By Omar Faridi  |  

Allica Bank – the bank built specifically to serve the needs of “established” SMEs – is aiming to make £500 million in committed loan offers “between September and the end of the year, as it continues to ramp up its support for UK SMEs facing… Read More

September 11, 2022 @ 5:11 pm By Omar Faridi  |  

Tech Nation recently welcomed what they claim to be the UK’s 51 “most exciting” Fintech companies to their fifth Fintech growth program, as UK fintech investment “reaches a record high.” As mentioned in the announcement, 51 companies were accepted into Tech Nation’s fifth Fintech growth… Read More

September 10, 2022 @ 9:36 pm By Omar Faridi  |  

The team at Yapily is looking forward to teaming up with fintech unicorn Pleo, which offers a smart business spending solution, “to enable a simplified payments experience for its UK users.” Research shows that 82% of businesses that fail “do so as a result of… Read More