Tagged: united kingdom

June 10, 2022 @ 7:45 am By Omar Faridi  |  

Satago, a provider of invoice financing and Lending as a Service software solutions, has signed a LOI “to enter into a three-way partnership with Sage and Lloyds Bank.” The partnership will formalize plans “to create an embedded finance solution within Sage, the leader in accounting,… Read More

June 9, 2022 @ 9:24 am By JD Alois  |  

Louis Taylor will take over the reins of the British Business Bank as its new CEO beginning on October 1, 2022. The Bank is the UK’s economic development bank. Taylor is currently CEO of UK Export Finance, the UK government’s export credit agency. Before joining… Read More

June 8, 2022 @ 11:06 pm By Omar Faridi  |  

Inflation is increasing in an unprecedented manner in many developed and developing economies, putting greater pressure on the major reserve banks to raise interest rates. In the United Kingdom, April inflation hit 9%, which is notably a 40-year high and the second highest inflation rate… Read More

June 8, 2022 @ 8:18 am By JD Alois  |  

While most of the news was swirling around Apple’s (NASDAQ:AAPL) new buy now – pay later (BNPL) product that allows its users to pay in four equal payments over 6 weeks, digital bank Zopa has announced its spin on BNPL with a focus on big-ticket items. The… Read More

June 8, 2022 @ 8:17 am By Omar Faridi  |  

Invoice finance and embedded finance (think: buy now, pay later options at checkout) help companies with improving their cash flow. On top of this, they manage operational expenditure “to improve their business growth,” the MarketFinance team explains. Invoice finance has been a tool companies have… Read More

June 8, 2022 @ 7:19 am By Omar Faridi  |  

Zibble, a long term property rental marketplace for renters, landlords and property contractors, has raised 101% (£80,950) of its £80,000 target from 154 investors through its crowdfunding campaign, carried out via Seedrs (with 2 days left in the sale). Located in the United Kingdom, Zibble… Read More

June 8, 2022 @ 7:00 am By JD Alois  |  

Crypto back-office platform Cryptio has raised a $10 million Series A funding round, according to the company. Point Nine led the funding, along with early investors Chainalysis, Revolut and Zendesk. Other investors include: BlueYard, Alven, Coinshares, Avantgarde Finance, Protocol Labs, and Draper Associates. Senior executives… Read More

June 7, 2022 @ 1:20 pm By Omar Faridi  |  

NatWest announced that it is working cooperatively with Accenture (NYSE: ACN) and Microsoft (NASDAQ: MSFT) in order to build an innovative client engagement platform that will aim to replace its multi-system, legacy frontline architecture. As mentioned in the update, the platform will aim to integrate… Read More

June 7, 2022 @ 10:22 am By JD Alois  |  

Open Banking provider TrueLayer has been selected by CMC Markets to enhance client payments in the UK and Europe. CMC Markets is a trading platform with offices around the world and more than 300,000 clients. Users may trade forex, indices, commodities, shares and treasuries through contracts… Read More

June 7, 2022 @ 9:57 am By JD Alois  |  

Salt Edge, an open banking provider, has been integrated into NayaOne. NayaOne is a “Digital Sandbox and Fintech-as-a Service” platform that powers the UK Digital Sandbox. NayaOne is said to be one of the largest integrated Fintech marketplaces in Europe and the UK. According to… Read More

June 7, 2022 @ 9:57 am By Omar Faridi  |  

Nationwide Building Society has reportedly extended its commitment to protect physical branch locations in cities and towns across the United Kingdom for at least another year as part of ongoing efforts to assist households amid the unprecedented rise in cost-of-living. The mutual lender stated that… Read More

June 7, 2022 @ 9:50 am By JD Alois  |  

Open banking platform Tink has signed a strategic partnership for open banking technology with Revolut, a popular neobank. Tink’s payment initiation services (PIS) technology is expected to allow Revolut users across Europe to easily move money into their Revolut accounts. PIS enables users to connect… Read More

June 7, 2022 @ 9:05 am By JD Alois  |  

Ziglu, a UK-based e-Money institution and crypto platform, has announced a partnership with  ClearBank, a “cloud-based clearing bank.” ClearBank is regulated by the UK Financial Conduct Authority and the Prudential Regulation Authority. According to a company statement, Ziglu will be utilizing ClearBank’s platform to provide… Read More

June 7, 2022 @ 8:05 am By Omar Faridi  |  

Trovata, a US-based firm focused on automating cash reporting and forecasting via wholesale, multi-bank API data aggregation, is preparing to launch operations in the United Kingdom on the back of a $27 million round. As noted by Sky News, Trovata, which maintains head offices in… Read More

June 7, 2022 @ 1:07 am By Omar Faridi  |  

Pennyworth, an AI-powered private bank for the “aspiring” affluent, has secured 103% (£619,023) of its £600,000 target from 241 investors (with 15 days left in the firm’s crowdfunding campaign) via Seedrs. Located in the United Kingdom, Pennyworth operates in the Finance & Payments sectors (Digital B2C)…. Read More

June 6, 2022 @ 9:24 am By JD Alois  |  

OakNorth Bank, launched in 2015 aiming to provide access to capital for the “missing middle,”  has provided a £900K facility to redevelop an existing major mixed-use scheme in Rock, Cornwall being developed by SWPG Rock Limited. Founded in May 2020, SWPG Rock Limited, is owned… Read More

June 6, 2022 @ 7:00 am By Omar Faridi  |  

Zump, a professionally designed social network for property (think LinkedIn/Instagram for Real Estate),  has raised 94% (£236,380) of its £250,000 target from 131 investors (at the time of writing) through its crowdfunding campaign via Crowdcube (with  15 days left in the sale). Zump reports a… Read More

June 6, 2022 @ 6:58 am By JD Alois  |  

OpenPayd, a banking as a service (BaaS) provider, and Yapily have announced a partnership to deliver payment solutions for businesses in the UK and across Europe.  According to the two companies, Yapily’s open banking platform will be incorporated into OpenPayd’s embedded finance offering, creating a… Read More

June 5, 2022 @ 11:30 pm By Omar Faridi  |  

Yobota recently announced its partnership with Tranch, a buy now, pay later (BNPL) startup platform on a mission “to deliver more flexible payments to fast-growing businesses.” Founded in 2016, London-based core banking provider Yobota claims it has “built a fast, flexible, cloud-native core banking platform… Read More

June 2, 2022 @ 11:01 pm By Omar Faridi  |  

Fidelity International has teamed up with Canadian Fintech company, Conquest, as the “exclusive” distributor of its financial planning software, ‘Conquest Planning’ to the UK independent advice market. ‘Conquest Planning’ uses data and AI “to provide advisers with greater insight into clients’ changing circumstances, allowing them… Read More