Tagged: united kingdom

October 12, 2021 @ 9:01 am By JD Alois  |  

LendInvest, a UK-based property finance platform, will offer a new holiday product for lets and short term properties. The new credit offer was announced alongside a series of reductions across its standard property range. The Proptech has introduced a product catalogue with rates starting at… Read More

October 12, 2021 @ 7:48 am By Omar Faridi  |  

MT Finance is pleased to confirm the appointment of Chris Patrick to the Board as the lender’s “first ever” non-executive director. Chris has “forged a long career in the private equity, finance and investment banking world,” according to an update shared with CI. Chris has… Read More

October 11, 2021 @ 9:46 pm By Omar Faridi  |  

Mortgage platform Finova has reportedly acquired its competitor, BEP Systems, in order to expand its presence in the United Kingdom. Finova’s Cloud-powered software is being used by more than 60 lenders and around 3,000 brokers, meanwhile, BEP, which launched back in 2014, focuses mainly on… Read More

October 11, 2021 @ 9:37 pm By Omar Faridi  |  

UK-based Proptech Goodlord, the lettings tech and services platform, has reportedly acquired the Fintech app provider, acasa, in order to wider the range of services it provides to letting agents and their landlords and tenants. As first reported by Mortgage Introducer, acasa is a Fintech… Read More

October 11, 2021 @ 2:43 pm By Omar Faridi  |  

Morgan Stanley (NYSE: MS) has reportedly agreed to a £1 million investment in order to further expand its Multicultural Innovation Lab across Europe, Middle East and other areas. Initially introduced in the US back in 2017, the Lab aims to serve as an accelerator program… Read More

October 11, 2021 @ 11:23 am By JD Alois  |  

As was reported last week, Chip – a savings and investing Fintech – has launched a securities offering on Crowdcube. The firm rocketed to over £1 million within minutes. Today, Chip is nearing £10 million raised as over 7300 investors have decided to back the… Read More

October 11, 2021 @ 10:20 am By Omar Faridi  |  

UK-headquartered banking, exchange, and investment app Ziglu is introducing a fee-free Euro account which has been designed to enable tourists and business travelers to spend “without incurring currency exchange charges.” The account, which is an addition to Ziglu’s sterling current account, is being introduced as… Read More

October 11, 2021 @ 9:30 am By JD Alois  |  

Copper, an “institutional gateway to digital asset investing,” has added former Chancellor of the Exchequer Philip Hammond to its board of advisors. Lord Hammond is one of only three people to have served continuously in the UK cabinet from 2010 to 2019, serving under Prime Ministers David Cameron… Read More

October 11, 2021 @ 8:18 am By Omar Faridi  |  

As Sibos 2021 opened (in a virtual environment) on October 11, 2021, Finastra unveiled its updated instant onboarding capabilities for its Fusion Payments To Go service. As first reported by Finextra, the solution should allow banking institutions to gain access to the benefits of Finastra’s… Read More

October 11, 2021 @ 8:10 am By JD Alois  |  

As digital assets become more popular with institutional investors, the need for institutional-like services rises. Elliptic, a firm that offers crypto-asset risk management services, is reporting a C Series funding round of $60 million to expand its team globally while accelerating R&D. According to a… Read More

October 11, 2021 @ 7:58 am By JD Alois  |  

Bank North, a challenger bank that recently received its banking license, has added to its executive team as it prepares to offer SME lending starting a regional market estimated to be around £150 billion. Bank North received its banking license in August. It has previously… Read More

October 11, 2021 @ 7:10 am By Omar Faridi  |  

The team at UK-based Blend Network, a peer-to-peer lending platform, notes that so far this year, they have funded the construction of 164 residential units, which is reportedly a mix of flats, houses and HMO units. As noted in a blog post by Blend Network,… Read More

October 10, 2021 @ 10:31 pm By Omar Faridi  |  

European Fintech iwoca confirmed recently that it has been accredited under the UK’s Recovery Loan Scheme (RLS). The iwoca team wrote in a blog post, dated October 5, 2021, that they’ve been accredited by the British Business Bank as a lender under the RLS. This… Read More

October 10, 2021 @ 8:57 pm By Omar Faridi  |  

Digital asset financial services platform, BVNK, has launched its platform in order to eliminate the barriers that prevent high-potential businesses and financial service providers from realizing the benefits of virtual currencies. Based in London, BVNK aims to “set new standards for digital asset financial services… Read More

October 10, 2021 @ 12:49 pm By Omar Faridi  |  

UK-headquartered Darlington Building Society has confirmed the selection of a new onboarding system provided by ieDigital. The building society stated that its updated system will give members the option to open up accounts online in a streamlined manner. It will also offer various self-service options… Read More

October 9, 2021 @ 10:18 am By Omar Faridi  |  

CoinShares International Limited (Nasdaq First North Growth Market: CS) is pleased to confirm a strategic investment of $11,845,790 in FlowBank, an online bank based in Geneva, Switzerland. Following the investment, CoinShares “holds 110,000 shares in FlowBank, representing 9.02% of its enlarged share capital,” according to… Read More

October 9, 2021 @ 9:51 am By Omar Faridi  |  

Getsafe, a digital insurance service provider that’s focused on serving Millennial buyers in Germany and the United Kingdom, confirmed that it has now extended its Series B round to $93 million. https://twitter.com/hellogetsafe/status/1446137783345504256 The neo insurance platform had previously revealed in December 2020 that it had… Read More

October 8, 2021 @ 9:57 am By Omar Faridi  |  

Manchester-based payments Fintech Total Processing has reportedly made three new hires with the appointment of Phil Astall as Chief Operating Officer, Harry Luscombe as Commercial Director and Jonathan McGee as Finance Manager. Previously a Global Senior Director at travel company Expedia, Phil Astall joins with… Read More

October 8, 2021 @ 8:20 am By Omar Faridi  |  

Maydan Capital Ltd., a UK-based Fintech firm, is announcing the launch of its equity crowdfunding platform that reportedly provides vetted, early-stage, ethical and halal investment opportunities that are focused on tech-related accredited investors internationally. Maydan’s fundraising platform, which is presently open for applicants, assists with… Read More

October 8, 2021 @ 8:18 am By Omar Faridi  |  

You can now invest commission-free with Freetrade, thanks to a new offer that’s currently available only with Monzo Plus and Monzo Premium. The Monzo team writes in a blog post that investing can be “a good way to grow your savings over the long-term.” That’s… Read More