Tagged: united kingdom

October 5, 2021 @ 11:42 pm By JD Alois  |  

Earlier today it was reported that GoCardless may be raising $200 in a funding round led by JP Morgan. Last year, GoCardless raised growth capital at a valuation of just under $1 billion and expectations are for the Fintech to be firmly in unicorn territory… Read More

October 5, 2021 @ 10:19 pm By Omar Faridi  |  

Payhawk, the all-in-one finance system assisting companies and businesses with spending effortlessly, reveals that they’ve introduced an “industry-first” with 3% cashback on all payments, “integration to Microsoft Dynamics 365, Single Sign-On for enterprise clients, as the company looks to disrupt corporate payments and expense management… Read More

October 5, 2021 @ 6:10 pm By JD Alois  |  

GoCardless is expected to raise around £200 million at a valuation of over $1 billion thus vaulting the Fintech into the unicorn realm. This is according to a report in the Evening Standard. The payments firm last raised $95 million in a Series F funding… Read More

October 5, 2021 @ 9:09 am By JD Alois  |  

Compliance and analytics firm SteelEye has appointed Brian Lynch as President of its new US operation as it seeks to expand services into North America. According to a note from the Regtech, Lynch will establish SteelEye’s U.S. footprint and lead the firm’s commercial expansion in… Read More

October 5, 2021 @ 8:45 am By JD Alois  |  

Azimo, a digital money transfer service, has announced the launch of an instant remittance service to Turkey. The feature is being made available by a partnership with United Payment, a leading payments service provider in Turkey. The new service will allow Azimo customers living in… Read More

October 5, 2021 @ 8:24 am By JD Alois  |  

Sonovate says it has topped £2 billion in total funding during September 2021. Sonovate was founded in 2013 by Richard Prime and Damon Chapple and provides embedded finance and technology to businesses that employ contract and freelance workers. Sonovate states that half of this total… Read More

October 4, 2021 @ 8:49 am By Omar Faridi  |  

ThinCats, a UK-based lending platform, will be providing up to £300 million additional funding to businesses via the British Business Bank‘s ENABLE Guarantee program. The ThinCats team wrote in a blog post that they’re pleased to be utilizing a guarantee offered by the British Business… Read More

October 4, 2021 @ 8:04 am By Omar Faridi  |  

UK-based Fintech firm SumUp, an international leader in virtual payments, has confirmed the appointment of a new CEO for Europe, Michael Schrezenmaier. Schrezenmaier brings with him a “founder’s mentality” and a “hands-on” attitude, as well as being a “perfect cultural fit” for the London-based company,… Read More

October 4, 2021 @ 8:03 am By Omar Faridi  |  

UK-based digital bank Monzo has reportedly been forced to abandon its efforts to secure a US banking permit, after an unsuccessful 2-year engagement with regulators. In a statement, Monzo‘s management stated after their recent discussions with the OCC (Office of the Comptroller of the Currency),… Read More

October 3, 2021 @ 10:29 pm By Omar Faridi  |  

Chase has teamed up with 10x Banking, the UK-headquartered Cloud-native banking tech business, in order to create a modern technology platform that has “powered Chase’s entry into the UK retail banking market.” During the last two years, 10x and Chase have been working cooperatively to… Read More

October 3, 2021 @ 9:27 pm By Tony Zerucha  |  

A £1.7m development loan to New Generation Developments is the latest move by Assetz Capital. The specialty lender has facilitated nearly £1.5bn of retail and institutional funds to UK businesses to date. New Generation Developments Ltd, a Cardiff-based construction company, secured the loan to build… Read More

October 3, 2021 @ 6:17 pm By Omar Faridi  |  

American Express (NYSE: AXP) has introduced AmexExpense, an all-digital expense management tool for companies. Currently available for all UK Business Gold and Platinum cardmembers, the free-to-download app is aimed at simplifying the expense administration process by eliminating the requirement to hold onto paper receipts and… Read More

October 3, 2021 @ 11:26 am By Omar Faridi  |  

Money transfer Fintech firm TransferGo has acquired $50 million in capital in order to support its digital payments transformation efforts. Focusing on enhancing global funds transfers, TransferGo‘s Series C investment round was reportedly led by Elbrus Capital Fund III and Black River Ventures. The fundraise… Read More

October 2, 2021 @ 11:55 am By Omar Faridi  |  

Arqit Quantum Inc., a leader in quantum encryption tech, is pleased to confirm the appointment of Jason Nabi as MD, Financial Services, with “immediate effect.” As a 30-year veteran in Capital Markets and the Fintech sectors, Jason has “held leadership positions at some of the… Read More

October 2, 2021 @ 8:47 am By Omar Faridi  |  

There have been many new developments in the banking and Fintech space with new research predicting growth across various areas of the fast-evolving sector. The team at payments specialist Banking Circle notes that they were recognized at Money 20/20 by two industry awards. Banking Circle… Read More

October 2, 2021 @ 8:45 am By Omar Faridi  |  

Digital banking platform Revolut notes in a blog post that as you might already know, sending funds abroad with traditional banks can be quite costly and very slow. The fees may be really high and transactions may often take at least several business days to… Read More

October 2, 2021 @ 8:43 am By Omar Faridi  |  

The team at UK-based Blend Network, a peer-to-peer lending platform, notes that the prospects of the United Kingdom’s macroeconomic environment are “becoming gradually more positive.” Blend Network writes in a blog post that the improvement is “reflected, among other factors, in job openings at a… Read More

October 1, 2021 @ 7:58 am By Omar Faridi  |  

Australian founded and headquartered payments firm, Till Payments, has finalized its Series C round, securing $110 million in private capital. The proceeds will be channeled towards strengthening Till’s domestic capabilities, “bolster global expansion, and further innovate its cutting-edge technology,” according to a release. The announcement… Read More

September 30, 2021 @ 9:25 am By JD Alois  |  

Curve, a Fintech that is on a mission to become a “financial super app,” has posted its annual report. The results are for the period ending December 2020. Curve operates in the UK and the EEA countries reporting 2.6 million customers as of June 2021…. Read More

September 30, 2021 @ 8:18 am By Omar Faridi  |  

Finastra revealed on Wednesday (September 29, 2021) that First National Bank of Manchester (FNBM) has chosen Fusion Phoenix as its Core banking solution to “best serve its account holders and grow the bank.” As mentioned in a release, the decision represents “an upgrade from its… Read More