Tagged: united kingdom

August 10, 2022 @ 4:42 pm By JD Alois  |  

As COVID lingered and the economy stumbled due to rapidly rising prices and geopolitical strife, investment in private UK firms continued unabated, hitting a record amount of £14.9 billion during the first half of 2022. These investments were led by the burgeoning Fintech sector that… Read More

August 10, 2022 @ 8:36 am By Omar Faridi  |  

Paysend, the UK-based Fintech with over 7 million customers, recently announced that 50 new receiving countries have been “introduced to its global payments network since the start of 2022.” These additional payments corridors “mean that Paysend customers can now send money to over 170 countries… Read More

August 10, 2022 @ 8:27 am By Omar Faridi  |  

The team at UK’s Atom Bank reveals that they’ve become a Registered Firm with the Lending Standards Board, a body “dedicated to upholding fair practices in the lending industry.” Head of Business Lending at Atom Bank, Tom Renwick, has provided more details and “explains what… Read More

August 9, 2022 @ 1:21 pm By Omar Faridi  |  

Aqua Global has been offering financial messaging solutions for more than 35 years, specializing in straight through processing for payments along with treasury and securities processing. Aqua’s newest suite Aquila has evolved from the successes/progress of its e2gen suite, but unlike e2gen, which was mainly… Read More

August 9, 2022 @ 9:27 am By Omar Faridi  |  

Capify, the specialist SME lender, recently introduced a £40 million fund for UK-based small businesses in order to help with maintaining operations through challenging conditions. The fund has been established in response to growing concerns regarding access to finance from traditional lending platforms and the… Read More

August 9, 2022 @ 1:27 am By Omar Faridi  |  

Jarvo, which provides remote teams access to local workspaces in other people’s homes, has secured 179% (£359,332  ) of its £200,002 target from 313 investors (at the time of writing) through its crowdfunding campaign carried out via Seedrs (with 25 days left in the sale)…. Read More

August 7, 2022 @ 10:22 pm By Omar Faridi  |  

BigPay, a Capital A venture firm, recently revealed that it has added 38 new countries to its global remittance services network. This reportedly includes England, Northern Ireland, Scotland, and Wales in the UK, and 34 nations across Europe, including France, Germany, Italy, Belgium, and Spain…. Read More

August 6, 2022 @ 10:02 pm By JD Alois  |  

AxiaFunder, one of the few litigation financing platforms that enables smaller investors access to a unique asset class, is reporting that its first AxiaFunder Housing Disrepair (HDR) £300,000 investment portfolio is progressing well. AxiaFunder, a platform aimed at sophisticated and high-net-worth individuals, provides funding to… Read More

August 6, 2022 @ 3:01 pm By Omar Faridi  |  

Sonovate, the provider of embedded finance and payment solutions for the contingent workforce, announced a partnership with Demica, the trade finance Fintech firm, in order to streamline its reporting processes so it may support business customers across the globe. Under the terms of the partnership,… Read More

August 6, 2022 @ 2:31 pm By JD Alois  |  

Neobank Revolut is on a crypto hiring spree, according to a report by Bloomberg. While many firms, and Fintechs specifically, a cutting headcount or slowing things down, Revolut appears to be bucking the trend. Recently, Robinhood revealed it was slashing employee headcount by 23% –… Read More

August 5, 2022 @ 8:47 am By Omar Faridi  |  

Wirex, a crypto and payments ecosystem, has expanded the Wirex Credit program to new regions and “developed additional features.” Their crypto-back credit lines “are now available to UK users and has added WXT as a token to be used as collateral.” Having launched last month… Read More

August 4, 2022 @ 2:37 pm By JD Alois  |  

Yapily, an Open Banking service provider, has launched a new service – Yapily Virtual Accounts. According a company statement, Yapily Virtual Accounts enables merchants and payment service providers (PSPs) to create multiple accounts gain more control over flow of funds while collecting payments, initiating instant… Read More

August 4, 2022 @ 9:25 am By JD Alois  |  

An inquiry into the UK crypto industry has been announced by the All Party Parliamentary Group (APPG) for the UK Crypto and Digital Assets sector. The inquiry aims to focus on the UK’s approach to regulating crypto, the potential of Central Bank Digital Currencies (CBDCs),… Read More

August 3, 2022 @ 11:45 am By Omar Faridi  |  

UK’s Blend Network, a specialist development finance lender, has reportedly funded a £4 million residential scheme located in Cambridge, which is focused on developing nine apartments that cover an area of 5,457 sq. ft. As reported by Mortgage Introducer, Blend Network’s management noted that the… Read More

August 3, 2022 @ 9:44 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) has issued stronger rules in regards to promoting what is deemed to be high risk investments. As anticipated, the FCA expects firms to use “clearer” and “more prominent risk warnings.” The tactic of offering a refer a friend bonus… Read More

August 2, 2022 @ 11:32 pm By Omar Faridi  |  

Penfold, the digital pension “disrupting” the broken £8 trillion UK pension industry, has raised 194% (£1,945,413) of its £1,000,000 target (at the time of writing) from 942 investors through its crowdfunding campaign carried out via Crowdcube (with just 1 day left in the sale). Backed… Read More

August 2, 2022 @ 9:29 am By JD Alois  |  

Open banking provider Yapily now offers Yapily Variable Recurring Payments (VRP), the ability for users to enable scheduled payments that are not consistent amounts. Yapily is joining other open banking firms in providing the service. VRP is a service that is mandated by the UK… Read More

August 2, 2022 @ 8:38 am By Omar Faridi  |  

OneID, the UK-headquartered identity tech firm that makes it simpler for consumers to prove who they are online or in an all-digital environment, recently announced that it has teamed up with DocuSign in order to offer government-certified ID verification to the firm’s electronic signature solution,… Read More

August 1, 2022 @ 8:27 pm By Omar Faridi  |  

Wise (LSE:WISE), the international tech firm focused on creating the best way to move funds across the globe, recently announced the appointment of Isabel Naidoo as Chief People Officer. Naidoo joins Wise, one of Glassdoor’s best places to work in the United Kingdom, with considerable… Read More

July 31, 2022 @ 11:49 pm By Omar Faridi  |  

Lending Wokrs is pleased to release their Q2 2022 performance update on their statistics page. In Q2 2022, Lending Works have “continued to focus on understanding the impact of cost of living challenges on [their] active loan customers and the overall impact on portfolio performance.”… Read More