Tagged: united kingdom

March 4, 2022 @ 12:00 pm By JD Alois  |  

Shares, a combination investing and social app, has raised $40 million in Series A funding. The round was led by Peter Thiel’s fund – Valar Ventures. Other investors include Singular and Global Founders Capital. Shares previously raised $10 million. Shares reports 130 employees in three… Read More

March 4, 2022 @ 8:26 am By Omar Faridi  |  

UK-based MarketFinance notes that while consumer apps have undergone major digital transformation over the past decade, many B2B experiences have “remained largely offline and clunky.” MarketFinance writes in a blog post that they have “grown used to consumer experiences being unlocked with a few taps,… Read More

March 3, 2022 @ 9:08 pm By Omar Faridi  |  

Tide, which is the United Kingdom’s business financial platform with full-scale operations set to launch in India, has confirmed their plans to support 500,000 female-led companies by 2027. UK based #fintech #Tide commits to incubate 500,000 women-led small businesses in India in next five years,… Read More

March 3, 2022 @ 3:08 pm By Omar Faridi  |  

The team at UK Fintech Modulr notes that they are pleased to let their clients know that their Faster Payments transaction limit has “increased from £250,000 to £1 million for inbound and outbound payments, in line with the retail payments authority, Pay.UK, which went into… Read More

March 3, 2022 @ 9:26 am By JD Alois  |  

Delio, a company that connects investors with alternative assets such as private equity, debt, and property, has raised $8.3 million to accelerate its growth. The funding was led by Octopus Ventures as well as early investors Maven Capital Partners, bringing Delio’s total equity funding to… Read More

March 3, 2022 @ 8:31 am By Omar Faridi  |  

Fintech firm Freetrade reveals that they have received their license from Sweden’s financial regulator, Finansinspektionen. Freetrade confirms that their mission “to get everyone investing got a big boost this week, as we secured our licence from the Swedish financial regulator.” The company wrote in a… Read More

March 2, 2022 @ 9:42 am By JD Alois  |  

Neobank Revolut and IRIS Software Group (IRIS) have announced a partnership to offer employees access to their salaries when they accrue it – if they so choose. IRIS states that the partnership has two objectives: first, to allow companies using IRIS Cascade to offer their… Read More

March 1, 2022 @ 9:48 am By JD Alois  |  

The British Business Bank has published its Small Business Finance Markets Report 2021/22.  According to the report, over £14  billion was invested in equity offerings during the first three quarters of 2021 – surpassing all of 2020. The British Business Bank is a development bank… Read More

March 1, 2022 @ 9:04 am By JD Alois  |  

Findingaplace, a UK Proptech startup, has closed its funding round on Seedrs raising £311,000 in equity capital at a pre-money valuation of £1.5 million. The target of the securities offering was £250,000 and easily topped as 352 individual investors backed the firm. Findingaplace is a… Read More

March 1, 2022 @ 12:01 am By JD Alois  |  

The Cambridge Centre for Alternative Finance (CCAF), part of the University of Cambridge, has launched a new public-private collaboration involving banks, public agencies, and private organizations aiming to provide insight into the emerging digital asset ecosystem. The mission is to help guide public opinion, inform… Read More

February 28, 2022 @ 5:44 pm By Omar Faridi  |  

Temenos (SIX: TEMN), the banking software firm, recently announced that Canada Life UK, a subsidiary of Canada Life Group, has officially gone live with Temenos Multifonds  in order to support its UK investment accounting operations. Administration of life and pensions funds is “highly governed” and… Read More

February 28, 2022 @ 2:52 pm By Omar Faridi  |  

The UK government’s Help to Grow scheme has seen “painfully slow” uptake from small businesses – “despite the current economic landscape leaving many of them in desperate need of support,” according to an update shared with CI. Mikkel Velin, Co-CEO of B2B embedded lending provider… Read More

February 28, 2022 @ 9:22 am By JD Alois  |  

Nosso, a Fintech app created to help parents invest and plan for their children’s financial futures, has raised a $2.8 million seed round led by Octopus Ventures and Anthemis. Other investors include, Entrepreneur First, Ventures Together, Errol Damelin, Tracy Doree, and Peter Hetherington. Nosso explains… Read More

February 28, 2022 @ 4:07 am By Omar Faridi  |  

DIAL Global,  a Diversity & Inclusion Accelerator that powers growth for blue-chip firms, has acquired 125% (£500,081) of its £400,000 target from 146 investors (at the time of writing) via its crowdfunding campaign carried out through Seedrs. Located in Leamington Spa, United Kingdom, DIAL Global operates… Read More

February 28, 2022 @ 1:42 am By Omar Faridi  |  

EVERUP,  a prize-linked app boosting savings & spending rewards via games, has secured 107% (£429,668) of its £400,000 target from 310 investors (at the time of writing) via its crowdfunding campaign carried out through Crowdcube (with 18 days left in the sale). EVERUP is described… Read More

February 27, 2022 @ 7:20 pm By Omar Faridi  |  

Stephen Moss, Founder and MD at Sourced Capital, notes that it has been a while since they last discussed their business operations, the journey and what they have been working on “in the background.” Moss wrote in a blog post that in 2018, they became… Read More

February 27, 2022 @ 3:19 pm By Omar Faridi  |  

Fintech firm Tipalti reveals that its clients are now reporting steady growth. Recently, the firm noted that its payment volume increased 2x last year to over $36 billion. The San Mateo based Fintech company assists Amazon Twitch (Nasdaq: AMZN), Roblox (NYSE: RBLX) and other businesses… Read More

February 25, 2022 @ 11:49 am By JD Alois  |  

It has been one year since the publication of the Kalifa Review of Fintech – a document that sought to provide a roadmap to ensure the UK’s prominence in the global Fintech ecosystem. On the anniversary of the publication, there have been multiple comments regarding… Read More

February 25, 2022 @ 8:41 am By JD Alois  |  

Wirex, a payments platform that enables both fiat and crypto, has added the Polygon blockchain to their non-custodial wallet, as well as the Wirex app. According to  Wirex, users will have access to the benefits of the Polygon blockchain alongside the Ethereum, Avalanche, Binance Smart… Read More

February 24, 2022 @ 12:10 pm By JD Alois  |  

Wise (LSE:WISE) the global payments, transfer platform, and stealth bank, has moved to appoint an interim Chief Financial Officer following a bike accident involving Matthew Briers, Wise CFO. Wise issued the following statement: To ensure Matthew’s recovery is complete, his return to work will be gradual…. Read More