Tagged: united kingdom

November 9, 2021 @ 8:41 am By JD Alois  |  

Draper Esprit (LSE:GROW) is rebranding to Molten Ventures. Draper Esprit trades on the London Stock Exchange as well as the Euronext Growth Market in Dublin, and is included in the FTSE 250. The venture capital firm has invested in numerous Fintechs including companies like Revolut,… Read More

November 9, 2021 @ 7:49 am By Omar Faridi  |  

The Open Banking Implementation Entity (OBIE) has announced that it’s looking to appoint an independent Non-Executive Director (iNED) to its Board. As mentioned in the announcement, Open Banking enables consumers and SMEs to share their bank account details in a secure manner with trusted third-parties… Read More

November 9, 2021 @ 7:42 am By Omar Faridi  |  

Klarna, the international retail bank, payments and shopping service with 90 million users across the globe, has officially launched operations in Ireland today. As mentioned in the announcement, Klarna will aim to empower Irish consumers with a better overall shopping experience and improved control, transparency… Read More

November 8, 2021 @ 10:46 am By JD Alois  |  

Nimbla, an Insurtech startup, has announced a £5.1 million funding round led by Silicon Valley venture fund Fin VC with participation from Barclays Bank. Nimbla states that the funding will help it scale its operations with increased demand from embedded credit risk solutions through its… Read More

November 8, 2021 @ 8:00 am By Omar Faridi  |  

Crypterium is set to launch a physical US Visa card in Q1 2022, according to an update shared with CI. Crypterium, the crypto wallet app with more than 400,000 customers in 170+ countries, has been a part of the Visa Fast Track program for more… Read More

November 7, 2021 @ 2:23 pm By Omar Faridi  |  

The team at UK-based digital bank Monzo has shared how they are working towards net zero carbon emissions. As noted in a blog post by Monzo: “We are in a climate crisis. Everyone has a responsibility to act, and take decisions that will support a… Read More

November 7, 2021 @ 1:31 pm By Omar Faridi  |  

ROUND, which aims to be the “Uber” of in-venue ordering by offering a single app to buy food & drink from your smartphone, wherever you go, has secured 34% (£345,151) of its fundraising target via Crowdcube, with 21 days left in the sale. ROUND says… Read More

November 5, 2021 @ 11:36 am By JD Alois  |  

British Business Investments has committed £5 million to Green Angel Syndicate, a green investor that supports early-stage UK firms. British Business Investments is a subsidiary of government-backed British Business Bank. According to a note from British Business Investments, the funding was made via the Regional Angels Programme,… Read More

November 5, 2021 @ 8:27 am By Omar Faridi  |  

Northern Bank Ltd, doing business as Danske Bank UK, is confirming that it has teamed up with the European Open Banking platform, Aiia (acquired by Mastercard) to provide digital solutions to help its 20.000+ business and corporate clients via its business banking platform, District. The… Read More

November 4, 2021 @ 2:50 pm By Omar Faridi  |  

Online lending platform Jaja Finance Ltd reveals that a consortium of investors, who are led by shareholder KKR and including entities owned by investment funds being managed by TDR Capital LLP, have entered an agreement with Jaja to become majority shareholders of the business. This… Read More

November 4, 2021 @ 2:48 pm By Omar Faridi  |  

London Stock Exchange Group (LSEG) and the Japan Exchange Group (JPX) are expanding their partnership by implementing climate indices based on the TOPIX 500, which offers diversified exposure across Japan’s stock market. LSEG’s index division, FTSE Russell, JPX and the Tokyo Stock Exchange (TSE) are… Read More

November 4, 2021 @ 12:23 pm By Omar Faridi  |  

Xantos Labs, the investment adviser for everyday people, has announced its plans for global expansion following its partnership with Currencycloud, a Fintech firm that is simplifying business in a multi-currency world. For several years, Xantos Labs has been offering its “transparent” and “pragmatic” investment advice… Read More

November 4, 2021 @ 10:47 am By JD Alois  |  

CryptoCompare has received the approval of the UK Financial Conduct  Authority (FCA) to act as a Benchmark Administrator. The company notes that it is only the second crypto-based firm to garner this approval. A Benchmark Administrator is an entity that has the authorization to carry… Read More

November 4, 2021 @ 10:24 am By Omar Faridi  |  

If you’re running a UK-based business and routinely have to send, receive or hold euros or dollars, then Starling Bank’s multi-currency accounts can save you time, money, effort, and stress. Whether it’s sending payments to suppliers based in Italy or receiving payments from customers in… Read More

November 3, 2021 @ 1:16 pm By JD Alois  |  

Neobank Ziglu has topped £6 million on Seedrs after easily surpassing its £1 million initial target. As was previously reported, Ziglu is raising growth capital at a pre-money valuation of £85 million. The EIS qualified offering is selling equity at a per share price of… Read More

November 3, 2021 @ 8:43 am By Omar Faridi  |  

UK-based digital bank Starling Bank is launching Bills Manager, in order to help clients with settling their bills in a timely manner and better managing their funds. The new feature, one of the “most requested,” offers clients the option to have a Direct Debit or… Read More

November 3, 2021 @ 8:32 am By Omar Faridi  |  

UK’s digital bank Zopa has appointed Graham Robinson as its new Chief Risk Officer. Graham joins Zopa as it “completes its successful first year as a digital bank and sets its sights on further growth,” according to an update shared with CI. With more than… Read More

November 2, 2021 @ 11:24 am By Omar Faridi  |  

ekko has introduced its eco-friendly debit card, app and ecosystem, which aims to empower clients with making a positive difference in an effort to combat the damaging effects of climate change. When using ekko for everyday or typical activities such as shopping, banking, or settling… Read More

November 2, 2021 @ 8:57 am By JD Alois  |  

Capital on Tap, a UK-based Fintech, has received a £450 million funding facility provided by Atalaya Capital Management, BNP Paribas, and HSBC. Capital on Tap is a finance provider for UK and US-based SMEs. Since 2012, Capital on Tap has provided over £3.5 billion of… Read More

November 2, 2021 @ 8:44 am By Omar Faridi  |  

Paysafe (NYSE:PSFE), a specialized payments platform, announced that it has completed its acquisition of German Fintech firm, viafintech, in an all-cash deal. viafintech, known under the brands of Barzahlen/viacash and viacash, provides bank-independent, payments infrastructure in the DACH region, “allowing a popular alternative to the… Read More