Tagged: united kingdom

July 17, 2022 @ 2:50 pm By Omar Faridi  |  

ESG Book, which claims to be a global leader in sustainability data and technology, recently announced that Leon Saunders Calvert will join as its new Chief Product Officer, “effective in October 2022.” He will lead the expansion of ESG Book’s product suite, and “drive the… Read More

July 17, 2022 @ 1:34 pm By Omar Faridi  |  

Revolut, the global financial super app, has surpassed 20 million retail customers worldwide, and is now “processing over 250 million transactions a month.” Both achievements come as Revolut “celebrates its seventh anniversary.” Revolut is continuing “to expand its global workforce, topping 5,000 employees globally.” Over… Read More

July 16, 2022 @ 10:29 am By Omar Faridi  |  

CIBC Innovation Banking recently announced £40 million of growth financing for London-based Smart, a retirement tech provider. Smart will use the capital “to expand its market growth, accelerate the launch of strategic products, and undertake acquisitions.” Smart launched in 2015 with the goal of “making… Read More

July 15, 2022 @ 11:46 am By Omar Faridi  |  

ClearBank, the enabler of secure accounts, real-time clearing and embedded banking for financial institutions, announced that it has been selected by Kroo “to provide access to all UK payment schemes as well as accounts for its operational funds.” Kroo recently “secured a full UK banking… Read More

July 15, 2022 @ 9:46 am By Omar Faridi  |  

TIFIN, a Fintech platform using artificial intelligence (AI) and investment-driven personalization to shape the future of investor experiences, announced its initial launch into international markets through the acquisition on SharingAlpha, a community of over 15,000 professional fund investors and analysts “located throughout the world, but… Read More

July 15, 2022 @ 8:11 am By Omar Faridi  |  

Investment platform Lightyear has announced a $25M Series A equity round “led by Lightspeed Venture Partners.” The company’s seed investors, Mosaic Ventures, Taavet+Sten and Metaplanet also took part in the investment round “alongside a number of new and existing angel investors.” Joining Lightspeed in this… Read More

July 14, 2022 @ 9:52 pm By JD Alois  |  

In a speech delivered early today by the Financial Conduct Authority Chief Executive Nikhil Ratha, the top UK regulator addressed the future of regulation. Of course, the digitization of financial services, including crypto assets was in the mix. Ratha noted that the FCA has invested… Read More

July 14, 2022 @ 1:18 pm By Omar Faridi  |  

TrueLayer, which claims to be Europe’s leading open banking platform, announced that the innovative credit firm Tymit is delivering “an enhanced experience through instant bank payments for its Credit and Booster customers.” Tymit was founded as “a flexible approach to financing purchases and managing a… Read More

July 13, 2022 @ 11:08 pm By Omar Faridi  |  

French startup Qori has officially launched services, allowing Europeans to make payments in store, remotely or online with their bank or virtual currency wallets without being required to download a proprietary app. The “pay by bank” and “pay by crypto” tech is currently available to… Read More

July 13, 2022 @ 9:28 am By Omar Faridi  |  

Finnish Card-as-a-Service Fintech Enfuce is reportedly set to launch operations in the United Kingdom after finalizing a €45 million round back in December 2021. Established by co-CEOs Monika Liikamaa and Denise Johansson, Enfuce recently expanded its international presence in Germany and France and currently claims… Read More

July 13, 2022 @ 8:46 am By Omar Faridi  |  

The team at GoHenry notes that it has been 10 years since they launched operations in the United Kingdom, and they now have more than two million members in the UK and US. They recently launched their in-app Money Missions “to make financial education fun… Read More

July 12, 2022 @ 11:41 pm By Omar Faridi  |  

More than 90% of UK consumers with a retirement saving pot have said they would “consider using a digital dashboard to get a consolidated view of their total pensions, savings and investments.” This, according to a report by TISA (The Investing and Saving Alliance) and… Read More

July 12, 2022 @ 10:54 am By Omar Faridi  |  

Credabill​​, which aims to “disrupt” the multi-billion pound UK home improvement market, has raised 102% (£512,528) of its £500,000 target from 126 investors with 9 days left in the firm’s crowdfunding campaign, carried out via Crowdcube. Credabill reports a Pre-money valuation of £4,000,000; Equity: 11.35%;… Read More

July 11, 2022 @ 9:17 am By Omar Faridi  |  

Fy!, which claims to be on a mission to help everyone “feel great” about their home – “disrupting” a £600 billion market along the way, has secured 103% (£2,899,068) of its £2,810,003 target from 688 investors via Seedrs, with 7 days left in the firm’s… Read More

July 11, 2022 @ 9:02 am By Omar Faridi  |  

Consumers from lower-than-average socioeconomic backgrounds found it challenging to access online banking during the COVID-19 outbreak, while many continue to depend on in-person banking services. This, according to an update from the London School of Economics and Political Science (LSE). The research, released in the… Read More

July 11, 2022 @ 1:07 am By Omar Faridi  |  

Fintech Group Fiinu has reportedly had its shares admitted to trading on AIM, with a valuation of around £53 million. Fiinu has obtained its deposit-taking bank license from the Bank of England (BoE). The issuing of the bank license/authorization from the Prudential Regulation Authority (PRA)… Read More

July 10, 2022 @ 11:07 pm By Omar Faridi  |  

Starling Bank is introducing Bills Manager for small businesses in order to help business and sole trader account customers “streamline” their finances. The feature gives small businesses the ability “to have a Direct Debit or standing order taken from money set aside in any of… Read More

July 9, 2022 @ 5:39 pm By Omar Faridi  |  

Stripe, a financial infrastructure platform for businesses, announced that Revolut will use Stripe “to support payments in the UK and Europe and accelerate its expansion into new markets.” Founded in 2015, Revolut has rapidly “become one of Europe’s great fintech success stories.” After launching in… Read More

July 8, 2022 @ 7:54 am By Omar Faridi  |  

  London Fintech Plum, Europe’s personal finance app, has introduced a debit card “to help its customers take control of their finances.” The card is Plum’s first move into spending, “consolidating its position as a comprehensive money app.” Designed to complement Plum’s budgeting features and… Read More

July 7, 2022 @ 1:33 pm By JD Alois  |  

  It has been a tough few weeks for crypto assets. Fears of contagion ripped through the sector when several firms shut down withdrawals. This week, Voyager Digital filed for bankruptcy protection the in the US under Chapter 11. This was predicated by the pending… Read More