Tagged: united kingdom

July 24, 2022 @ 7:50 pm By Omar Faridi  |  

Vantage, the multi-asset trading platform for retail and professional traders, announced the launch of its social trading product, V Social. V Social is a professional ‘social network’ that “allows traders to auto-copy signals, execute trades, chat and analyze performance.” Beginner traders have the opportunity “to… Read More

July 24, 2022 @ 2:26 pm By Omar Faridi  |  

Integrating Youtility’s platform enables Pockit clients to compare and save on household subscriptions helping to save hundreds of pounds every year. The current cost-of-living crisis is expected to get worse throughout this year, especially in October when energy bills are set to increase by as… Read More

July 24, 2022 @ 1:44 pm By Omar Faridi  |  

Moneyhub, which claims to be one of the market-leading Open Data and payments platform, is teaming up with Pennyworth, a financial planning and banking app, “to redesign digital banking for the aspiring-affluent consumer.” Pennyworth, which has applied for a UK banking license, has “developed a… Read More

July 22, 2022 @ 4:31 pm By Omar Faridi  |  

FinTech North is announcing a partnership with digital sandbox provider NayaOne, which will see the two organizations build a marketplace for Northern Fintechs “to showcase their capabilities, access datasets and test ideas.” The platform, which is set to launch this summer, will “provide an exclusive… Read More

July 22, 2022 @ 1:30 pm By Omar Faridi  |  

Emma, the financial super app, recently announced the launch of its commission-free stock trading to over 1 million customers in the United Kingdom, after successfully “testing with more than 30,000 users who registered on the waiting list.” Emma customers currently “use the app to see… Read More

July 22, 2022 @ 9:37 am By Omar Faridi  |  

Credit card chargebacks are reaching “crisis levels” for retailers on both sides of the Atlantic, according to a survey of U.S. and U.K. consumers published by Justt, the chargeback mitigation pioneer. Two-thirds of U.S. shoppers and 44% of British shoppers “have filed chargebacks in the… Read More

July 22, 2022 @ 8:53 am By JD Alois  |  

Fintech super app Curve has selected Eyal Galina as Chief Product Officer in push to boost its product offerings. Galina will report directly to Curve CEO Shachar Bialick. He will be responsible for Curve’s product roadmap and strategy helping to chart its goal of becoming… Read More

July 21, 2022 @ 12:49 pm By Omar Faridi  |  

Residently has secured £4.5 million of funding to finally “bring renting into the modern age.” By digitizing the end-to-end customer experience in a $2 trillion market, Residently will “streamline operations for property owners and renters, reducing costs and delays throughout the full 360 rental experience.”… Read More

July 21, 2022 @ 11:29 am By Omar Faridi  |  

Plutus, the Visa debit card offering 3-8% in crypto cashback, recently announced its plans to further expand into the US neobanking sector. Plutus is a London-based Fintech providing crypto cashback rates and 20+ Perks “such as 100% back on Netflix, Spotify, and Prime.” Its user… Read More

July 21, 2022 @ 10:42 am By JD Alois  |  

Starling Bank, a leading UK digital bank, has reported its first full year profit as overall metrics improve. Anne Boden, founder and Chief Executive of Starling Bank, commented on the results: “With our first full year of profitability, we’ve placed ourselves firmly in a category… Read More

July 21, 2022 @ 8:18 am By Omar Faridi  |  

Post-Brexit, FX brokers are losing business and money because they’re “not permitted to service EU-based clients,” the team at Currencycloud notes in a blog post. And when they want to expand to reach these markets, the cost and time it takes to seek regulation is… Read More

July 20, 2022 @ 6:48 pm By Omar Faridi  |  

Funding Circle, which claims to be the United Kingdom’s largest small business loan platform, recently announced the appointment of Bruno Tavares as VP of Engineering. Bruno has “a strong background in technology, built on more than twenty years of industry experience.” He has “a clear… Read More

July 20, 2022 @ 4:22 pm By JD Alois  |  

Today, the Financial Services and Markets Bill was introduced to Parliament in the UK. The legislation will replace “hundreds of pieces of EU retained law” as the UK moves beyond the oversight in Brussels. The aim of the bill is to establish a “coherent, agile… Read More

July 20, 2022 @ 9:41 am By JD Alois  |  

Wise, a global transfers, payments and stealth bank, has reported its Q1 2022 performance. According to the company, it facilitated over £24 billion in transactions during the quarter increasing 49% versus Q1 year prior. In comparison to Q4 2021, Wise delivered a 14% increase (£21.4… Read More

July 20, 2022 @ 9:04 am By JD Alois  |  

Today, the UK government has announced that the Recovery Loan Scheme (RLS), launched in April 2021 to help businesses counter the COVID crippled economy, will be extended for a further two years. Originally set to end last December, during the Autumn Budget the government extended… Read More

July 20, 2022 @ 12:57 am By Omar Faridi  |  

Lumio, which is focused on building a “hyper-personalized” finance app for people to grow their money on autopilot, has secured 155% (£311,594) of its £200,000 target via Crowdcube from 457 investors (at the time of writing) with 7 days left in the sale. Lumio reports… Read More

July 19, 2022 @ 10:54 pm By Omar Faridi  |  

The UK Government is currently dealing with a political crisis with over 50 parliament members resigned from the government “in protest” of Prime Minister Boris Johnson’s leadership, the Robo.cash team recently noted. Many events, like the Chris Pincher affair, raising taxes amid inflation, the “partygate”… Read More

July 19, 2022 @ 5:53 pm By JD Alois  |  

Starling Bank, a leading digital-only bank in the UK, has abandoned its pursuit of a banking license in Ireland and altered its  European expansion plans. The revelation was first reported by SkyNews that disclosed Starling might alternatively purchase a European bank instead of acquiring a de… Read More

July 19, 2022 @ 11:15 am By Omar Faridi  |  

After its first monthly operating profit in Q1 FY22, Atom Bank has “delivered three further consecutive quarters of operating profit.” Underlying operating loss “narrowed to £2m – a £34m improvement over the previous year.” Income grew “by over 200%, with costs increasing by just 6%,… Read More

July 19, 2022 @ 8:09 am By Omar Faridi  |  

Creditspring, which is on a mission to make “emergency” borrowing simpler and safer, has raised £8,056,088 or over 100% of its £8,034,420 target from 118 investors (at the time of writing) via Seedrs through its crowdfunding campaign (with 26 days left in the sale). Located… Read More