Tagged: united kingdom

July 6, 2022 @ 9:20 pm By Omar Faridi  |  

The UK’s Financial Conduct Authority (FCA) has appointed six directors as it “expands its headcount to meet a growing remit and to achieve its ambitious strategy, which launched in April.” The appointments announced recently, which fill a mix of new and existing roles, “draw on… Read More

July 6, 2022 @ 9:37 am By Omar Faridi  |  

ThinCats, which claims to be the “leading” alternative finance provider to SMEs, recently  announced the appointment of Richard Newman, Senior Director, Transaction Management to manage its Midlands transaction team. Richard reportedly has over 20 years of corporate finance experience occupying senior roles at HSBC, RBS… Read More

July 5, 2022 @ 2:52 pm By Omar Faridi  |  

Floan, a budgeting tool that aims to help people travel, by “offering point of sale finance” for flights, has raised 115% (£92,280) of its £80,010 target (at the time of writing) from 68 investors with 24 days left in the firm’s crowdfunding campaign, carried out… Read More

July 5, 2022 @ 10:00 am By JD Alois  |  

Payments platform Wirex has announced the launch of Wirex Credit which is described as offering competitive interest rates and no origination fee for crypto-backed loans. Wirex states that users may borrow up to $100,000 in stablecoins, with a loan to value (LTV) of up to… Read More

July 4, 2022 @ 10:34 am By JD Alois  |  

Uphold, a crypto trading platform that is registered with the UK Financial Conduct Authority (FCA), is calling a bottom in the crypto markets. Since the beginning of 2022, digital assets have tumbled in value. At one point in 2021, crypto hovered around $3 trillion in… Read More

July 3, 2022 @ 10:24 pm By Omar Faridi  |  

  Analysis of online jobs data has found that digital currency exchange Kraken is “leading” the crypto recruitment charge. The company is looking “to fill over 650 new positions in the past week in the UK and United States.” Further analysis shows that Jack Dorsey’s… Read More

July 3, 2022 @ 10:11 pm By Omar Faridi  |  

Global Processing Services (GPS), a global payment tech platform, recently announced the promotion of Joanne Dewar to Vice Chair. Kevin Schultz has also “been appointed as Chief Executive Officer, effective immediately.” Joanne will “maintain her position on the GPS board, where she will focus on… Read More

July 3, 2022 @ 7:07 pm By Omar Faridi  |  

Transact365, a UK-headquartered payments platform supporting merchants across the world, has recorded 300% YoY growth during its third year of European business operations. Established in 2017, Transact365 provides an international payments solution platform for merchants in major industries. With head offices in London, Transact365 currently… Read More

July 2, 2022 @ 4:21 pm By Omar Faridi  |  

The Bank of London, which claims to be the first “purpose-built” global clearing, agency and transaction bank, has partnered with SAP Fioneer, an international provider of financial services software solutions and platforms, in order “to transform and simplify global clearing and transaction banking.” The Bank… Read More

July 2, 2022 @ 11:27 am By Omar Faridi  |  

BEQUANT, the digital asset prime brokerage and exchange, is pleased to announce DeFi access for institutional clients, “realized through its recent integration with Fireblocks.” Clients will be able “to cross-margin between centralized and decentralized exchanges, making arbitrage trading more efficient.” DeFi marketplaces will be “fully… Read More

July 2, 2022 @ 7:16 am By Omar Faridi  |  

Iris Software Group, one of the United Kingdom’s largest software firms, announced it is teaming up with Experian, the international information services company, in order to simplify and broaden access to improved financial products and services for the one in six UK workers who get… Read More

July 1, 2022 @ 4:18 pm By Omar Faridi  |  

Atlantic Money has secured a license as a payment institution through the National Bank of Belgium (NBB) which will “enable the business to provide its services across the European Union.” The announcement precedes an expected launch in Europe later this summer, “meaning that EU residents… Read More

July 1, 2022 @ 8:52 am By JD Alois  |  

GoCardless has announced its intent to acquire Nordigen an open banking data provider. The deal is expected to close later this summing. The terms of the acquisition were not revealed. GoCardless is based in the UK with offices around the world. Nordigen is regulated in… Read More

June 30, 2022 @ 11:15 pm By Omar Faridi  |  

4Trans, a Fintech specializing in financial products for supply chain and logistics companies, has secured an €18 million investment from backers “including Atmos, Tera Ventures, and Lighthouse.” Impact investment fund management firm based in the UK, Advance Global Capital “has also extended a revolving credit… Read More

June 30, 2022 @ 11:32 am By Omar Faridi  |  

Linnworks, a UK-headquartered digital commerce tech firm, has announced a partnership with the global ‘leader” in commerce technology and payments Payoneer (NASDAQ: PAYO) to “simplify cross-border and B2B transactions for their customers.” The partnership will “provide retailers with integrated options to receive funds and make… Read More

June 30, 2022 @ 11:29 am By JD Alois  |  

Zilch, a UK based buy now – pay later (BNPL) provider has extended Series C by $50 million now raising $160 million now valued at around $2 billion. Zilch claims to be the fastest-growing Fintech Unicorn in Europe. In total, ZIlch has raised $460 million… Read More

June 30, 2022 @ 8:23 am By Omar Faridi  |  

Further, a London-headquartered firm, has introduced its investment platform, developed to connect retail investors with “high-quality” VC funds, at scale and with minimum investment levels “never seen before in the market.” This should allow new retail investors to invest in venture funds, from as low… Read More

June 30, 2022 @ 8:19 am By Omar Faridi  |  

Debt resolution tech company Ophelos has acquired £5 million in capital via a seed funding round that was reportedy led by AlbionVC. Vast Ventures, Form Ventures, Connect Ventures and Fly Ventures and angels including GoCardless co-founder Matt Robinson and Funding Circle co-founder James Meekings also… Read More

June 30, 2022 @ 8:16 am By Omar Faridi  |  

Global financial services platform iBanFirst recently confirmed the acquisition of the London-headquartered FX provider, Cornhill. The strategic acquisition aims to further build on iBanFirst’s funding partnership with private equity company arlin Equity Partners, launched in June of last year. As mentioned in the update, this… Read More

June 29, 2022 @ 5:27 am By Omar Faridi  |  

UK-based digital bank Kroo announced that it has been granted its full banking license by the Bank of England. Kroo claims it is only one of two banking institutions to have been awarded a banking license with a personal current account since August 2016. Kroo… Read More