Tagged: united kingdom

October 8, 2021 @ 8:14 am By Omar Faridi  |  

UK-based CapitalRise, a prime property finance platform, has announced that it made several new appointments, after recording significant growth during H1 2021. As part of a strong year, in terms of overall performance, CapitalRise has now funded prime real estate assets valued at more than… Read More

October 8, 2021 @ 1:02 am By Omar Faridi  |  

NatWest reveals that it has completed the acquisition of Fintech firm RoosterMoney as part of its strategy to assist families and young people with effectively managing their money. Established back in 2016, Rooster, the London-headquartered Fintech company makes it simple for parents and children to… Read More

October 7, 2021 @ 10:46 am By JD Alois  |  

Chip, a Fintech that streamlines savings and investment, is seeking growth capital on Crowdcube. According to a note received from the company, the securities offering raised £1 million in under 10 minutes, crashing the Crowdcube servers. The offering was initially available to insiders but is… Read More

October 7, 2021 @ 7:49 am By Omar Faridi  |  

Sentieo, the next-gen financial research platform provider, reveals that it has expanded its presence in the European market and doubled its team in the UK. The growth is reportedly being driven by rising demand for the firm’s AI-enhanced financial research platform and represents a “firm… Read More

October 7, 2021 @ 12:25 am By JD Alois  |  

Tide has partnered with payments platform Adyen. Tide is an integrated business platform that connects to a business bank account helping firms with the financial management.  Tide says it has selected Adyen as its first partner within the payment acceptance space. Tide will allow members… Read More

October 6, 2021 @ 4:09 pm By JD Alois  |  

Seedrs, a leading European investment crowdfunding platform, has posted an update for its Secondary Market for private securities. Although volume remains relatively low, Seedrs has created an effective marketplace for investors to sell their securities beyond an IPO or M&A. Seedrs states that during the… Read More

October 6, 2021 @ 7:51 am By Omar Faridi  |  

James Butterfill, Investment Strategist at London-based CoinShares, a digital asset manager focused on expanding access to the cryptocurrency ecosystem while serving as a “trusted partner” for its clients, notes in a blog post published on Monday (October 4) that for the week ending  October 1,… Read More

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