Tagged: united kingdom

September 5, 2021 @ 5:21 pm By Omar Faridi  |  

During this month’s installment of “Did you know” by P2P lender Blend Network, they’re sharing some of the “secrets” of their due diligence and underwriting process so that you get to know more about the processes they go through to “ensure that you and hundreds… Read More

September 5, 2021 @ 9:13 am By Omar Faridi  |  

Lending platform RateSetter’s pre-tax losses have reportedly doubled in its last year operating as a P2P lending platform. This, according to the service provider’s annual accounts. The consumer lending business, which has been acquired by Metro Bank, noted that it recorded a £22.3 million lost… Read More

September 4, 2021 @ 2:46 pm By Omar Faridi  |  

SurePay, a Rabobank spin off that offers Confirmation of Payee (CoP) in the United Kingdom and Benelux, has secured €12.2 million through a round that was led by Connected Capital with Iris Capital also joining Rabo Frontier Ventures in the fundraise in order to support the… Read More

September 3, 2021 @ 3:03 pm By Omar Faridi  |  

The MULTOS Consortium, a group of organizations that are focused on the promotion and development of the MULTOS specifications, revealed that McLEAR, a technology firm supplying smart payment rings has joined as a Partner Member. MULTOS is a security technology for all-digital devices offering a… Read More

September 3, 2021 @ 11:53 am By JD Alois  |  

Funding Circle, an online lender for SMEs, has launched a buy now, pay later (BNPL) payments product thus expanding its set of Fintech services. In a release, Funding Circle announced FlexiPay in a move to “revolutionize” the £1 trillion payments market. Funding Circle says that… Read More

September 3, 2021 @ 8:18 am By Omar Faridi  |  

Major brands in the Open Banking space have unveiled a new challenge: The VRP Hackathon. It’s organized by Open Future World, Ozone and UK Finance and supported by Accenture, Mastercard, VOLT and Worldpay from FIS. Until now, Open Banking has mainly been focused on settling… Read More

September 2, 2021 @ 9:39 am By Omar Faridi  |  

The Chancellor Rishi Sunak has decided to put John Flint, ex- Chief Executive at HSBC, at the helm of UKIB. Flint will be responsible for leading the UKIB to promote investments into various infrastructure initiatives that aim to lower emissions and assist with leveling up… Read More

September 2, 2021 @ 9:05 am By Omar Faridi  |  

Heroes, an established digital commerce firm which acquires, operates and scales “top performing” Amazon brands, reveals that it has finalized a $200 million round from US-headquartered investor Crayhill Capital Management. As mentioned in an update shared with CI, the investment round will aim to facilitate… Read More

September 2, 2021 @ 7:04 am By Omar Faridi  |  

The London Stock Exchange Group (LSEG) has introduced a dedicated sustainable finance innovation division in Singapore as a key part of its new LSEG Labs network. As noted by the LSEG, the division will mainly focus on offering sustainable finance solutions and capabilities in order… Read More

September 2, 2021 @ 6:56 am By Omar Faridi  |  

Privalgo reveals that it has appointed Martin Griffiths as a non-executive Director and Board member. With a 30-year career focused on banking and corporate foreign exchange, Martin will “bring his experience and knowledge to Privalgo’s Executive Team, helping the business with its strategic development,” according… Read More

September 2, 2021 @ 6:53 am By Omar Faridi  |  

iwoca, one of the largest small business lenders in Europe, has introduced its “industry-first” cash advance product on Funding Xchange for small business online sellers. iwoca will reportedly be the first lender in the United Kingdom – leveraging Open Banking – to provide fully automated… Read More

September 1, 2021 @ 3:28 pm By Omar Faridi  |  

UK-headquartered micro-investing platform Wombat Invest has appointed David Davies, the ex-Chief Information Officer at Hargreaves Lansdown, and former eToro Managing Director Iqbal Gandham to its advisory board. These appointments have been made as the company prepares a  £10m Series A round in order to support… Read More

September 1, 2021 @ 9:15 am By JD Alois  |  

Wiserfunding is reporting two new platforms that are incorporating its service. Monet, a financial services firm for the “creator” economy, and Playter a buy now, pay later (BNPL) service, have both incorporated Wiserfunding’s credit risk assessment for SMEs. According to a release, Monet is using… Read More

September 1, 2021 @ 8:49 am By JD Alois  |  

Digital bank Zopa has added a broadband switching service to its marketplace in a move designed to create more value for its users. Zopa said this is the latest feature delivered in partnership with Decision Tech. Previously, Zopa added an energy switching feature. Zopa wants… Read More

September 1, 2021 @ 7:48 am By Omar Faridi  |  

The team at coinpass is pleased to confirm that they’ve been granted approval to serve as a registered crypto-assets company. The approval has been given by the UK’s Financial Conduct Authority (FCA). As mentioned in the announcement, the coinpass management team have always “believed in… Read More

September 1, 2021 @ 7:43 am By Omar Faridi  |  

Klarna, an international retail bank, payments, and shopping service, and Global-e (NASDAQ: GLBE), a cross-border digital commerce platform, have extended their partnership to provide  flexible payment methods to clients across the US, UK, France, Spain, Italy, and Australia. Klarna‘s payment services will be accessible to… Read More

August 31, 2021 @ 11:32 am By JD Alois  |  

Gala Technology and Freedom Pay have partnered on a payment solution, according to a note from the company. Gala offers a “cardholder not present” solution called SOTPay that allows secure remote transactions.   FreedomPay offers a client experience platform that enables end-to-end consumer experiences by delivering… Read More

August 31, 2021 @ 6:59 am By Omar Faridi  |  

TheJobApp, a newly developed app that has been introduced to improve gig working and support businesses, will be available across the United Kingdom. This proposition aims to provide immediate payments after shifts and assists businesses with sourcing the best gig economy workers in an efficient… Read More

August 29, 2021 @ 11:23 pm By Omar Faridi  |  

Atom Bank, the North East Fintech firm, has reported “strong progress” during its most recent annual report, “narrowing its losses and generating a monthly net interest margin (NIM) of 114bps by March 2021 (up from 10bps in March of 2020).” According to the update from… Read More

August 29, 2021 @ 10:06 pm By Omar Faridi  |  

Lucie Martin, Relationship Director at Assetz Capital, a marketplace lending platform originating secured loans, reveals that she joined the company in November 2019. Martin shared in a blog post by Assetz Capital that she provides term and developments loans to borrowers across Scotland. While commenting… Read More