Tagged: united kingdom

January 28, 2022 @ 12:43 pm By Omar Faridi  |  

The UK’s Payment Systems Regulator (PSR) has released its initial remedies consultation for its card-acquiring market review. Each time a consumer carries out a card payment – for instance, when purchasing their weekly groceries – the merchant makes use of card-acquiring services to take the… Read More

January 28, 2022 @ 9:08 am By Omar Faridi  |  

Established back in 2017 by Rafal Andzejevski and Maxim Ivanchenko, London-headquartered payments Fintech PayAlly has reportedly acquired an Electronic Money Institution (EMI) license from the UK’s Financial Conduct Authority (FCA). Supporting the Authorized Payment Institution license currently held by the Fintech company, this new permit… Read More

January 27, 2022 @ 10:01 am By Omar Faridi  |  

Amazon (NASDAQ: AMZN) has reportedly decided to backtrack on its initial plans to stop accepting Visa credit cards in the United Kingdom. The digital commerce company had been expected to stop UK consumers from using their Visa-issued credit cards for purchases via its platform, effective… Read More

January 27, 2022 @ 9:39 am By Omar Faridi  |  

  Citi (NYSE: C) has announced its intent to transform its London head offices, home to its UK and EMEA operations. The refurbishment of the Citi Tower in Canary Wharf will create a new workplace for the future, incorporating the latest tech and the “highest… Read More

January 27, 2022 @ 8:35 am By Omar Faridi  |  

Tuum, the next-gen core banking platform, has announced a €15 million Series A round. Portage Ventures is leading Tuum’s investment round, along with contributions from existing investors Blackfin Capital Partners and Karma Ventures. As mentioned in the update, the proceeds should enable the core banking… Read More

January 26, 2022 @ 9:48 am By JD Alois  |  

Ownera has joined the Global Digital Finance (GDF) Patron Board. Global Digital Finance is a UK-based organization that aims to support the digital asset sector of Fintech. In a public statement, Global Digital Finance said it will work with Ownera to promote standards and best… Read More

January 26, 2022 @ 8:30 am By Omar Faridi  |  

Klarna, an international retail bank, payments, and shopping service, is introducing a  physical card in the United Kingdom, allowing consumers the chance to take advantage of Buy Now, Pay Later or BNPL options at traditional bricks and mortar store locations. Currently available in either black… Read More

January 25, 2022 @ 8:34 pm By Tony Zerucha  |  

Growth Capital Ventures has led a £150,000 seed investment round into n-gage.io, a technology company using data to influence how audiences engage and experience leisure, visitor, and sporting attractions. Growth Capital Ventures is an online capital formation platform that enables private investors to invest in… Read More

January 25, 2022 @ 8:10 am By Omar Faridi  |  

European open banking platform Tink has confirmed the introduction of ‘Income Check’ in the United Kingdom – which is a service that improves the income verification process by leveraging Open Banking tech. Tink’s Income Check product enables banking institutions and lending platforms to quickly verify… Read More

January 25, 2022 @ 8:05 am By Omar Faridi  |  

Everything, a UK-based Fintech firm focused on reinventing premium bonds with a social spin, has secured €2 million from angel investors. Merama CEO Sujay Tyle, Frontier Car Group founders Peter Lindholm and Ricardo Donoso, along with Axel Arigato co-founder Albin Johansson have all reportedly joined… Read More

January 24, 2022 @ 10:11 pm By JD Alois  |  

Leading property finance platform LendInvest (LSE: LINV) has acheived £2 billion in assets under management (AUM). LendInvest noted that had reached £1 billion of AUM in 2019 – ten years from its launch. This newest mileston is indicative of platform growth. LendInvest said that strong… Read More

January 24, 2022 @ 10:46 am By Omar Faridi  |  

Monese, the pan-European Fintech, is reportedly expanding its product offering with the introduction of a Credit Builder service for its clients in the United Kingdom. Having started a waiting list last year, Credit Builder is currently available and it’s reportedly being used by certain clients… Read More

January 24, 2022 @ 1:27 am By Omar Faridi  |  

Future Planet Capital, the impact-led, international VC company built to invest in high-growth firms from the world’s leading universities and research centers, has sold £18,549 with 26 days left in its campaign carried out via Seedrs. Future Plane Capital claims to be a profitable impact-VC… Read More

January 23, 2022 @ 11:25 pm By Omar Faridi  |  

SOLIVUS, a company that’s on a mission to power mega-buildings and homes with clean energy “generated on-site using new thin-film solar, overcoming weight and aesthetic challenges,” has acquired 306% (£1,531,428) of its £500,000 target from 1455 investors (at the time of writing) through its crowdfunding… Read More

January 23, 2022 @ 9:45 pm By Omar Faridi  |  

The team at UK’s MarketFinance notes that investors have continued to commit to funding small businesses in the United Kingdom despite “lingering anxieties” over the COVID-19 pandemic, Brexit and various other factors. MarketFinance VP Capital Markets, Marion Delille, has taken a look into just why –… Read More

January 22, 2022 @ 8:26 am By Omar Faridi  |  

Tide, the UK’s business financial platform, reportedly added 100,000 members in 2021, which represents an increase of 30%, “taking the total number of Tide members to almost 400,000.” Tide is now one of the largest providers of banking services to UK SMEs. 2021 saw a… Read More

January 20, 2022 @ 8:43 pm By Omar Faridi  |  

Qi (formerly Stark Payments), a company that enables businesses to accept virtual currencies like Bitcoin, Ethereum and others as a regular payment, has raised 66% (£231,497) of its £350,000 target from 160 investors (at the time of writing) through its crowdfunding campaign carried out via… Read More

January 20, 2022 @ 12:03 pm By Omar Faridi  |  

The team at Cushon notes that they’re pleased to confirm that they have, subject to Financial Conduct Authority (FCA) approval, acquired Creative, the manager of the Creative Pension Trust. Once approved, this acquisition sees Cushon become the United Kingdom’s 5th largest “master trust provider.” As… Read More

January 20, 2022 @ 11:36 am By Omar Faridi  |  

Mitch Trehan, UK Head of Compliance and MLRO at Banking Circle, has reportedly joined The Payments Association’s Advisory Board alongside other industry professionals from across the payments sector. Meeting as a team of 19 for the first time in January 2022, the Board intends to… Read More

January 20, 2022 @ 11:08 am By JD Alois  |  

Folk2Folk, a unique peer-to-peer lender operating in the UK, reports that it has now topped £500 million in lending boosted by a record amount of £108 million in lending during 2021. Lending almost doubled in 2021 in comparison to 2020. Folk2Folk is an FCA authorized… Read More