Tagged: united kingdom

February 18, 2022 @ 8:06 am By Omar Faridi  |  

Pikl, a fast-growing Insurtech business offering solutions that enable the Sharing Economy to thrive, has secured 109% (£1,967,791) of its £1,800,006 target with 26 days left in the firm’s crowdfunding campaign carried out via Seedrs. Located in Norwich, United Kingdom, Pikl operates in the finance… Read More

February 17, 2022 @ 11:31 am By JD Alois  |  

Open Banking in the UK has topped 5 million users according to a statement by the Open Banking Implementation Entity (OBIE). The data is provided by the CMA9, the nine banks and building society mandated under the CMA Order to implement open banking in the… Read More

February 17, 2022 @ 9:02 am By JD Alois  |  

Neobank Revolut has announced an “all-in-one” payroll solution for UK SMEs, according to a release. Revolut describes the service as a “first-of-its-kind milestone” for the industry, integrating payroll directly into a business account. Revolut Business is a digital banking vertical that is designed to bring… Read More

February 17, 2022 @ 8:46 am By Omar Faridi  |  

The year has kicked off on a strong note in the United Kingdom’s housing market and the price of an average home continued to reach all-time highs, according to an update published by Blend Network, a specialist development finance lender. The Nationwide House Price Index… Read More

February 17, 2022 @ 8:39 am By Omar Faridi  |  

Following its £100 million fundraise from Alchemy Partners last year, DNA Payments marks its 7th acquisition with the purchase of First Payment Merchant Services (FPMS), a payment solutions provider operating out of Surrey, UK. During the last 10 years, FPMS has become a key player… Read More

February 17, 2022 @ 4:00 am By JD Alois  |  

Insurtech Laka has partnered with the sports retailer Decathlon to provide a tech-driven insurance offering for customers as bike theft is on the rise. Laka is a bike insurance provider – including e-bikes, etc. – and also offers health and recovery coverage. The news follows… Read More

February 16, 2022 @ 6:14 pm By Jairo Riveros  |  

Each day, about 10,000 Baby Boomers turn 65, qualifying themselves for Medicare and—traditionally—retirement. Retirement presents a significant shift for many Americans as they transition their financial reliance from wages to accumulated wealth and settle into their golden years. Retirement also presents a major shift for… Read More

February 16, 2022 @ 12:46 pm By Omar Faridi  |  

Capchase, a provider of non-dilutive capital for recurring-revenue firms, announced that it will open a new European HQ in London. The news follows a considerable surge in demand for Capchase’s services with over $200 million already being made available to UK-based startups. In an update… Read More

February 16, 2022 @ 4:17 am By Omar Faridi  |  

Plum, Europe’s money management app, has appointed Phu Ly to serve as Product VP, as the business gets ready for a year of steady growth following a recent $24 million Series A round. Ly has been responsible for leading product teams at high growth, digital-first… Read More

February 15, 2022 @ 3:15 pm By Tony Zerucha  |  

Assetz Capital plans to lend £1 billion to homebuilders in 2022 before ramping it up 50 per cent in 2023 to £1.5 billion, the company said this week. The announcement was made by parent company Assetz. The move is designed to stimulate demand amongst SME… Read More

February 15, 2022 @ 10:10 am By JD Alois  |  

The Kalifa Review of Fintech was published almost one year ago. The document was constructed to help guide the UK in its mission of supporting and promoting its prominence as a global Fintech hub. The UK has long been a vital financial center – second only to… Read More

February 15, 2022 @ 9:09 am By JD Alois  |  

Zopa Limited has filed several new documents on Companies House with one indicating a new person with significant control. According to the document, Plata Holdings UK Limited now holds 75% or more of the shares in the company including voting rights. The document was filed… Read More

February 15, 2022 @ 8:35 am By Omar Faridi  |  

Intesa Sanpaolo, which is Italy’s largest bank by total assets and one of Europe’s most profitable and sustainable financial institutions, has chosen Thought Machine, the United Kingdom-based core banking tech firm, to support its digital banking platform. In conjunction with this partnership, Intesa Sanpaolo has… Read More

February 15, 2022 @ 3:08 am By Omar Faridi  |  

When the COVID-19 crisis struck, working practices changed for many individuals and businesses across the globe. Offices had been closed and corporate travel was at a standstill, as virtual networks began replacing physical networking. Fast forward two years and while lockdowns are easing and conferences… Read More

February 14, 2022 @ 9:33 am By JD Alois  |  

The UK Financial Conduct  Authority (FCA) has secured changes to consumer terms from popular buy now, pay later platforms, according to a statement from the regulator. The FCA states that terms in the contracts of Clearpay, Klarna, Laybuy, and Openpay have been “unclear” and “unfair.”… Read More

February 14, 2022 @ 8:15 am By Omar Faridi  |  

Vitesse PSP, the payment, liquidity and treasury management platform, recently announced that it has secured $26 million in Series B funding led by Prime Ventures. The Series B investment round also includes contributions from Octopus Ventures, which led the 2020 Series A round and are… Read More

February 14, 2022 @ 2:16 am By Omar Faridi  |  

Global Wealth Group, which aims to make global property investing available to anyone, anywhere, from any amount, safer & simple, has raised 101% (£759,030) of its £750,000 target at the time of writing from 229 investors with 24 days left in the firm’s crowdfunding campaign carried… Read More

February 13, 2022 @ 3:02 pm By Omar Faridi  |  

At specialist development finance lender, Blend Network, the team prides itself on being by their client’s side, assisting them with borrowing funds for their initiatives. Even at the heights of the COVID-19 crisis, the team reports that they continued lending and deploying capital into projects… Read More

February 13, 2022 @ 12:40 pm By Omar Faridi  |  

Klarna, an international retail bank, payments and shopping platform, recently noted that six out of ten or 60% of credit card users don’t know how much interest they are actually being charged. This, according to the latest YouGov research that was commissioned by Fintech firm… Read More

February 12, 2022 @ 11:31 am By Omar Faridi  |  

The team at GoCardless notes that Open Banking is the key to changing how we make payments, and get paid. So when GoCardless finalized their Series F investment round at the end of 2020, they immediately put that investment to work – “accelerating [their] product… Read More