Tagged: united kingdom

November 28, 2021 @ 10:42 am By Omar Faridi  |  

First came the gender pay gap, and now all eyes seem to be on the investment gap – and this time it’s bigger (a lot bigger), according to an update from easyMoney. UK’s easyMoney, the investment platform from Sir Stelios Haji-Ioannou’s easy family of brands… Read More

November 26, 2021 @ 10:18 am By Omar Faridi  |  

UK-based digital bank Monzo notes that since bringing clients a better way to pay later with their new product, Monzo Flex, they have seen significant demand from customers asking to be among the first to use it. Monzo is now inviting people who’ve asked for… Read More

November 26, 2021 @ 10:09 am By Omar Faridi  |  

Revolut has announced the acquisition of “highly rated” ePOS software provider Nobly POS in order to expand its product offering to serve the restaurant and hospitality sectors. Established in 2013, Nobly has created an extensive ePOS system for the restaurant and hospitality industry enabling hospitality… Read More

November 26, 2021 @ 8:15 am By Tony Zerucha  |  

More than 30 per cent of British consumers have entered a new banking relationship with a financial institution or non-bank service provider during the COVID-19 pandemic, according to a new report released from financial technology provider FIS. The FIS PACE Survey examines how UK consumers… Read More

November 25, 2021 @ 1:00 pm By Omar Faridi  |  

Flux is now providing a simple sign-up process, which reportedly enables retailers to join the platform within minutes and introduce offers quickly- thus making it a lot easier for retailers to enhance their brand and increase their sales. Developed for SMBs, Flux Offers is a… Read More

November 24, 2021 @ 9:18 am By Omar Faridi  |  

Tide, the UK’s leading business financial platform serving over 375,000 SMEs – nearly 7% of the market, has revealed that it will allow SMEs to connect their existing business accounts, “held at other institutions, to its platform using Open Banking.” In the first such move… Read More

November 24, 2021 @ 9:11 am By JD Alois  |  

Bank North, previously operating as B-North, is looking to raise £1 million in growth capital on GrowthFunders. UK-based Bank North was granted a banking license (Authorised with Restrictions or ‘AWR’) by the UK’s Prudential Regulation Authority (PRA) this past August. Around the same time, the… Read More

November 24, 2021 @ 8:50 am By Omar Faridi  |  

AIB revealed on Tuesday (November 23, 2021) that it has decided to sell its British small business loan book to London-headquartered Fintech challenger Allica Bank. But the £600 million (appr. €715 million) size of the portfolio is considerably smaller than the recently reported £1 billion… Read More

November 24, 2021 @ 8:28 am By Omar Faridi  |  

UK-based Payhawk, the payments and expense solution with business offices in London, Sofia, Berlin and Barcelona, has secured $112 million in capital three years after its inception, valuing the firm at $570 million. The Series B investment round has been led by San Francisco based… Read More

November 24, 2021 @ 8:26 am By Omar Faridi  |  

Stripe, a tech firm establishing key economic infrastructure for the Internet, has announced the expansion of Stripe Terminal to Ireland, France, Germany, the UK, and the Netherlands. As European consumers return to in-person shopping, Terminal “extends Stripe’s payments infrastructure to the physical world.” International businesses… Read More

November 23, 2021 @ 9:49 am By JD Alois  |  

Azimo and Trustly have partnered to facilitate cross-border payments in Europe. Azimo is a money transfer service that aims to be the best way to send money to more than 190 different countries around the world. Trustly is an open banking platform targeting the payments… Read More

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