Tagged: united kingdom

November 23, 2021 @ 9:16 am By JD Alois  |  

Circle, a digital asset firm that is a top stablecoin issuer and owner of investment platform SeedInvest, has invested $10.5 million in Crowdcube. The total funding round was $13.5 million. Circle’s investment in Crowdcube was made via USD Coin (USDC) – a dollar-based stablecoin. The percentage… Read More

November 23, 2021 @ 8:09 am By Omar Faridi  |  

UK Finance notes in an update that it brought the payments industry together to “consider the future opportunity for open banking payments and how the market could collaboratively shape that future.” There are now more than 2.5 million Open Banking payments every month compared to… Read More

November 23, 2021 @ 8:06 am By Omar Faridi  |  

One in every two UK residents is reportedly looking to give up their credit card completely for  Christmas shopping in 2021, with two-thirds or 66% of credit card holders saying they want to avoid having to pay excessive credit card interest. Even though credit cards… Read More

November 23, 2021 @ 8:01 am By Omar Faridi  |  

The team at UK-based Fintech Modulr says they wanted to let their community know that they’ve been named a 2021 Deloitte UK Technology Fast 50 winner. Now in its twenty-fourth year, the Deloitte Technology Fast 50 is one of the United Kingdom’s tech awards programs,… Read More

November 22, 2021 @ 4:44 pm By Omar Faridi  |  

Businesses require cash to grow their operations. That’s something company founders and CEOs know really well – even when business is picking up, the MarketFinance team writes in a blog post. UK-based MarketFinance, which is a leading online lender that recently raised £280 million in… Read More

November 22, 2021 @ 11:16 am By JD Alois  |  

DarkTrace (DARK.L), a cybersecurity firm that leverages artificial intelligence (AI), has announced a “major contract” with an unnamed firm. According to a statement by DarkTrace, it is now providing services to a US-based entity that is one of the world’s largest investment management firms. “The… Read More

November 22, 2021 @ 9:02 am By JD Alois  |  

MoonPay is reporting a whopping $555 million Series A funding round at a $3.4 billion valuation. The “historic” funding was led by Tiger Global Management and Coatue. Other investors include Blossom Capital, Thrive Capital, Paradigm, and NEA. MoonPay is a multifaceted platform that offers crypto… Read More

November 22, 2021 @ 8:09 am By Omar Faridi  |  

CIRCA5000 (previously doing business as tickr) has acquired 273% (£2,738,190) of its £1M fundraising target from 1574 investors (at the time of writing) via Crowdcube with 27 days left in the firm’s crowdfunding campaign. The UK-based firm reports a £30 million pre-money valuation, a £1.43… Read More

November 22, 2021 @ 8:06 am By Omar Faridi  |  

The Nationwide House Price Index for the UK reveals that the price of a typical home has exceeded £250,000 “for the first time.” As noted in a blog post by Blend Network, the annual house price growth “remained close to double digits for the sixth… Read More

November 21, 2021 @ 4:25 pm By Omar Faridi  |  

GOODFOLIO, a Fintech offering a personalized and “effortless” way to invest in various firms and industries that share your “ethical” values, has secured 152% (£152,156) of its fundraising target of £100,004 via Seedrs (at the time of writing) with 24 days left in the firm’s crowdfunding… Read More

November 21, 2021 @ 3:28 pm By Omar Faridi  |  

Caxton, which claims to be a profitable payments Fintech, has secured 151% (£1,512,752) of its £1M fundraising target from 1011 investors (at the time of writing) via Crowdcube. Caxton, which says it has a great team and proven technology and further claims that 500k+ B2B… Read More

November 21, 2021 @ 3:27 pm By Omar Faridi  |  

UK-headquartered Nomod, a payments Fintech with a sharp focus on the MENA region, confirmed earlier this week that it has secured $3.4 million via a seed round. Nomod’s latest investment round takes the Fintech firm’s valuation to $50 million. The company has received investments from… Read More

November 20, 2021 @ 2:33 pm By Omar Faridi  |  

GB Group plc (AIM:GBG), which claims to be an expert in digital location, identity and identity fraud software, has announced that it reached an agreement to acquire Acuant, an identity verification and KYC/AML compliance provider, for a cash-free, “debt-free” enterprise value of $736 million. The… Read More

November 20, 2021 @ 1:29 pm By Omar Faridi  |  

Croatian peer-to-peer lender Robo.cash says that P2P loans increase competition with traditional banking. Robo.cash writes in a blog post that European nations with stable and developed economies are leading “in terms of consumer and business lending.” The complete digitalization of the financing process “becomes one… Read More

November 20, 2021 @ 9:32 am By Omar Faridi  |  

Digital assets firm Kraken notes that in the fast-paced world of virtual currencies, every second counts when you’re moving funds around. Kraken writes in a blog post that establishing the bridges that enable seamless transactions from legacy banking platforms to the “ever-growing” number of blockchain… Read More

November 19, 2021 @ 1:10 pm By Tony Zerucha  |  

Visa finds itself in the wrong place at the wrong time and that will hurt its business in the United Kingdom, GlobalData payments analyst Chris Dinga said in a research note today. As of Jan. 19, 2022, Amazon will no longer accept payments from Visa… Read More

November 19, 2021 @ 7:42 am By Omar Faridi  |  

Open data firm Okredo has finalized a €1 million seed round that was led by Lithuania’s Business Angels Fund and Presto Ventures, along with contributions from Startup Wise Guys and several angel investors. Okredo’s software-as-a-service or SaaS platform assists SMEs with assessing the credibility, financial… Read More

November 18, 2021 @ 10:23 am By Omar Faridi  |  

Online lending platform, NewDay, has introduced an instant access digital credit account with flexible repayment terms which are aimed at protecting its business from the competition from Buy Now, Pay Later or BNPL providers. Newpay provides clients with a credit limit of £5,000, which may… Read More

November 18, 2021 @ 9:41 am By Omar Faridi  |  

Just Wealth has reportedly introduced a digital marketing support package for its self-employed advisers. Created by Just Wealth’s in-house marketing team, the digital marketing package offers various lead generation tools. The digital marketing package comes with branded social media profiles, Google My Business profiles as… Read More

November 17, 2021 @ 10:41 am By JD Alois  |  

Neobank Revolut is now covering period costs for Metal Card users, according to a release. Revolut said it had formed a partnership with Yoppie, to help cover period costs with Yoppie’s organic menstrual care products. Metal customers will earn up to £5 cashback from buying… Read More