Tagged: united kingdom

October 4, 2022 @ 6:29 pm By JD Alois  |  

Fintech “super-app” Curve has announced a partnership with Sweden-based Fidesmo in a move to enable wearable payments. in the UK and (European Economic Area) EEA. Fidesmo Pay launched in 2019  along with several fashion brands, providing wearables integrating payment functionality. The service is tokenized and… Read More

October 4, 2022 @ 7:56 am By Omar Faridi  |  

Blockchain technology company TradeStrike BVI has announced the launch of its new mobile crypto wallet, which will “enable retail investors, as well as the 10,000+ holders of its $STRX utility token, to track their portfolio’s performance via a mobile app.” The launch has been “accompanied… Read More

October 3, 2022 @ 12:07 pm By Omar Faridi  |  

Pensions are invested in global stock and debt markets, and therefore “what happens around the world will also be felt in our pensions,” the team at UK’s PensionBee explains. PensionBee wrote in a blog post that September saw “the continuation of the domino effect created… Read More

October 3, 2022 @ 11:44 am By JD Alois  |  

Chetwood Financial, a UK based digital bank that garnered a banking license in 2018, has announced a partnership with Mumsnet, a parenting forum. According to a statement issued by Chetwood Financial, it plans to launch a new family-focused financial services proposition next year. In partnering… Read More

October 3, 2022 @ 11:31 am By JD Alois  |  

Property crowdfunding platform CrowdToLive has launched a securities crowdfunding offer on Seedrs. According to the offering page, CrowdToLive’s initial funding target of £400,000 has already been surpassed and is now in overfunding mode, having raised £467,000 from 100 investors. CrowdToLive is selling equity at a… Read More

October 3, 2022 @ 10:22 am By Omar Faridi  |  

Open Banking-enabled Fintech Currensea has reportedly acquired £2.4 million in capital from VCs Blackfinch Ventures and 1818 Venture Capital. The proceeds will be used to support the Fintech platform’s ongoing growth plans. Currensea, which is the “money-saving” travel card that aims to eliminate the hefty… Read More

September 29, 2022 @ 12:19 pm By Omar Faridi  |  

Liberis, a global embedded business finance platform,  announced that they have secured £140m in financing from Barclays Bank PLC and BCI Finance in order “to help secure its global partner expansion and growth plans for the next two years.” This brings Liberis’ total funds raised… Read More

September 27, 2022 @ 7:51 am By Omar Faridi  |  

Aviva, which claims to be one of the UK’s leading insurers, announced an investment of $10 million into the Anthemis Female Innovators Lab Fund. The fund was “founded in September 2019 and backs female entrepreneurs in the fintech industry across the UK, Europe, Canada and… Read More

September 26, 2022 @ 11:00 pm By Barry James  |  

It’s Time for a Safe Pair of Hands – Before It’s Too Late The first thing that Kwasi Kwarteng did as Chancellor injected so much risk into the British economy that the investors he was seeking to attract had, quite predictably, the opposite reaction. Any… Read More

September 26, 2022 @ 10:45 am By Omar Faridi  |  

Three quarters of young adults (76%) plan “to make major sacrifices or put life events on hold due to the cost of living crisis,” according to a survey by Starling Bank. The research, which questioned 2,000 UK adults, compared age groups and asked about stresses… Read More

September 26, 2022 @ 8:23 am By Omar Faridi  |  

Revolut, the global financial super app with more than 20 million customers worldwide,  announced that it has “expanded its crypto offering to launch 29 new tokens for US* users, via a new partnership with Apex Crypto.” Customers can now “buy and sell a total of… Read More

September 26, 2022 @ 8:21 am By Omar Faridi  |  

Funding Circle (LSE: FCH), which claims to be the UK’s largest small business lending platform, and Bayview Asset Management, an investment management firm headquartered in Coral Gables, Florida, announced a lending partnership that is “targeting the provision of £700m funding to small businesses over an 18… Read More

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