Tagged: united kingdom

June 24, 2022 @ 8:08 am By Omar Faridi  |  

Planixs, which claims to be the global leader of real-time treasury tech, recently announced that its customer, FBN Bank (UK) Ltd, has now “gone live with the company’s Real-Time Reconciliations module, an add-on component of the firm’s Realiti® software that will provide the Bank with… Read More

June 23, 2022 @ 4:00 pm By JD Alois  |  

  THIS, a plant-based meat creator, has quickly topped its £4 million funding target on Seedrs. At this moment, THIS has raised over £5.7 million from 2179 investors on Seedrs. The company is raising equity capital at a pre-money valuation of £150 million. The security… Read More

June 23, 2022 @ 1:27 pm By Omar Faridi  |  

Starling Bank has passed the three million current account milestone, which “includes more than 460,000 small business accounts,” according to an update shared with CI. This key milestone comes five years after the digital bank launched its Personal Current Accounts in May 2017, while its… Read More

June 23, 2022 @ 9:49 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) says it is dealing with scams faster by scanning thousands of websites daily and shutting them down when a nefarious actor appears. The FCA reports that between May 2021 and April 2022, it added 1,966 possible scams or frauds… Read More

June 23, 2022 @ 9:37 am By JD Alois  |  

Wirex, a global payments platform active in the crypto sector, will be restarting services for UK consumers following “constructive dialogue” with the UK Financial Conduct Authority (FCA). Wirex, based in London, reports over 5 million customers worldwide. In March 2021, Wirex announced it would pause… Read More

June 23, 2022 @ 8:04 am By Omar Faridi  |  

Zumo, the Edinburgh-based crypto wallet and payments platform, has appointed Clark Povey as its new Operations Director “to shape the moments that matter in people’s crypto experience.” Clark has more than 20 years’ experience “leading global operations at financial services and technology companies.” He will… Read More

June 22, 2022 @ 11:57 pm By Omar Faridi  |  

ARA Venn, a specialist investment manager of private debt in the residential sector, has “completed a fund-raise of up to £280m to invest in home-finance plans” to be originated by StrideUp, a digital home finance group that is “co-owned by ARA Venn.” Over the past… Read More

June 22, 2022 @ 5:12 pm By Omar Faridi  |  

The Bank of London, which claims to be the next-generation tech firm and the world’s “first” purpose-built global clearing, agency, and transaction bank, recently announced its intention “to expand its footprint in the United Kingdom by opening its Centre of Excellence in Belfast, Northern Ireland,… Read More

June 22, 2022 @ 11:04 am By Omar Faridi  |  

From this month onwards, clients of The Cumberland will find it a lot easier to monitor their carbon spend with a tool used to measure and reduce their carbon footprints. The building society’s 70,000 current account customers are now being encouraged to download the Cogo… Read More

June 22, 2022 @ 9:58 am By JD Alois  |  

Playter, a buy now – pay later (BNPL) provider, has raised $55 million in both debt and equity. Playter did not disclose the split between equity and debt capital. Playter recently raised $1.7 million in seed funding to boost its services in the UK along… Read More

June 22, 2022 @ 8:01 am By Omar Faridi  |  

UK’s AI-enhanced personal finance chatbot Cleo has achieved a $500 million valuation following an $80 million round, according to an update shared by Sky News. The investment round, which has been announced around 18 months after a $44 million fundraise by Cleo, was joined by… Read More

June 22, 2022 @ 2:00 am By JD Alois  |  

The British Business Bank has shared the results of its annual Small Business Equity Tracker and the numbers for 2021 appear pretty strong. The Equity Tracker uses data from Beauhurst on publicly announced equity deals into UK SMEs. According to the Bank, equity investments in… Read More

June 21, 2022 @ 6:41 pm By JD Alois  |  

Knight Dragon Investments Limited has announced the tokenization of a central London property with an expected market valuation of £140 million. Issued by its subsidiary, KD Tokens Limited, the digital asset represents an economic interest in the Upper Riverside Development located at the corporation’s ten… Read More

June 21, 2022 @ 2:17 pm By Omar Faridi  |  

Kofax, a supplier of Intelligent Automation software for digital workflow transformation, recently announced it has acquired Tungsten Corporation, a global B2B e-invoicing network that “facilitates and streamlines complex invoice-to-pay processes.” Tungsten provides a platform “for onboarding of suppliers, PO exchange, invoice processing, e-invoicing, compliance and… Read More

June 21, 2022 @ 11:05 am By Omar Faridi  |  

Mortgage brokers can now get a decision in principle (DIP) a lot faster with Nationwide as the Society improves its API tech in partnership with mortgage tech company Twenty7Tec. The service will see brokers only having “to re-key minimal data into the Nationwide for Intermediaries… Read More

June 21, 2022 @ 8:36 am By JD Alois  |  

CoinShares has announced the availability of two new exchange traded products (ETPs): MATiC and Cosmos. Coinshares noted that both ETPs are staked and physically backed providing exposure to the digital assets as well as an additional yield of 5%. Frank Spiteri, Chief Revenue Officer at… Read More

June 21, 2022 @ 8:24 am By JD Alois  |  

Recently the Open Banking Implementation Entity (OBIE) reported that there were a record number of API calls in May of over 1 billion along with 6 million users and 5 million open banking payments. The OBIE noted that 64% of UK consumers claim their level… Read More

June 21, 2022 @ 7:35 am By Omar Faridi  |  

UK’s Blend Network, a specialist development finance lender, notes that their commitment is to help investors “access great risk/return lending opportunities, while at the same time supporting experienced SME property developers and small construction companies unlock funding to build more homes.” Blend Network‘s experienced lending… Read More

June 20, 2022 @ 2:00 am By Omar Faridi  |  

Funding Circle recently appointed a new Managing Director to lead FlexiPay expansion. Funding Circle, which claims to be one the UK’s largest small business loan platforms, confirmed the appointment of Jerome Fernandez as Managing Director, FlexiPay. FlexiPay is described as “the first short-term finance product… Read More

June 17, 2022 @ 7:49 pm By Omar Faridi  |  

Aviva reportedly helps millions of customers with planning for their futures so its a key moment for the Open Banking community when they decide “to make a move in this space.” Bud‘s management noted that they’re looking forward “to supporting them along the way.” It’s… Read More