Tagged: united kingdom

July 22, 2021 @ 9:14 am By JD Alois  |  

EIS/SEIS investment fund Velocity Capital Advisors has announced the launch of a new venture debt provider Juice Ventures, a platform that will be utilizing Modulr’s tech stack. Juice expects to facilitate fast, short-term revenue-based loans hit. Juice’s lending process bases its decisions on marketing data… Read More

July 22, 2021 @ 8:29 am By Omar Faridi  |  

Assetz Capital has now been accredited as a recovery loan scheme lender. The team at Assetz Capital, which serves as a marketplace lending platform, notes that the lender will be delivering property-secured loans “between £250,000 and £10m” to SMEs across the United Kingdom, covering commercial… Read More

July 22, 2021 @ 1:19 am By Omar Faridi  |  

Financial exclusion is negatively affecting billions of consumers across the globe, including the younger generations who do not have established credit histories. As the United Kingdom‘s economy tries to recover from the COVID-19 crisis, the nation’s lending platforms are expecting an increase in unsecured lending…. Read More

July 21, 2021 @ 11:45 pm By Omar Faridi  |  

Infosys Finacle, which is part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys (NSE, BSE, NYSE: INFY), and Santander UK, recently revealed that they’ve introduced  Santander UK’s global cash management platform as part of the institution’s digital transformation efforts. Santander Global Connect is a newly-developed… Read More

July 21, 2021 @ 11:17 pm By Omar Faridi  |  

Planixs, an established provider of real-time, intraday cash, collateral and liquidity management services, reveals that it has introduced the Strategic Reporting Module which comes as part of its Realiti suite. The newly-introduced module will open up Realiti’s extensive dataset to all client queries, thus helping… Read More

July 21, 2021 @ 10:05 pm By JD Alois  |  

Yapily, an open banking infrastructure provider, has raised $51 million in a Series B funding round led by Sapphire Ventures. Existing investors Lakestar, HV Capital, and Latitude participated in the round as well. Yapily says the investment will enable it to expand its operations across… Read More

July 21, 2021 @ 11:25 am By JD Alois  |  

Revolut, a neo-bank currently serving over 16 million customers, has added a new travel feature, “Stays,” that it expects to provide £70 million to its customers in a 10% cashback scheme for UK and European customers. As the world attempt to turn the corner on… Read More

July 21, 2021 @ 3:42 am By Omar Faridi  |  

UK-based Fintech firm Modulr reveals that they’ve managed to secure their Visa Ready certification, which supports customers in selecting the “best of breed payment solutions” that meet Visa’s international standards. As noted in an update from Modulr, the extended collaboration with Visa will help with… Read More

July 21, 2021 @ 2:38 am By Omar Faridi  |  

As embedded finance continues to transform the financial services sector, Currencycloud questions how banks will shape that future. The cross-border payments Fintech notes that this is the question “on the minds of industry insiders — and with the rise of embedded finance, it’s never been… Read More

July 20, 2021 @ 11:27 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 (July 19) that for the week ending July 19,… Read More

July 20, 2021 @ 10:01 am By Omar Faridi  |  

IslamicFinanceGuru has secured £3.0 million in capital through a round led by Outward VC. Outward says it is pleased to confirm their investment in IFG, the UK-headquartered Islamic finance platform. Other investors include B&Y Venture Partners and angels. The platform has been designed to offer… Read More

July 20, 2021 @ 8:39 am By Omar Faridi  |  

The team at UK-based P2P lender Blend Network notes that many investors active on their platform will know that they have an AutoLend feature that enables lenders to make automatic investments. Blend Network explains in a blog post that these auto investments can be made… Read More

July 20, 2021 @ 8:36 am By Omar Faridi  |  

Leading UK-based insurer Hamilton Fraser has teamed up with Trov, a global provider of embedded insurance, according to an update shared with Crowdfund Insider. Along with Hamilton Fraser, Trov will be adding four new UK Proptech partners who will integrate Trov’s embedded renters’ insurance into… Read More

July 19, 2021 @ 11:08 am By JD Alois  |  

Zodia Custody Limited, a crypto-focused firm backed by Standard Chartered, is now registered with the UK Financial Conduct Authority as a regulated crypto-asset firm. Standard Chartered partnered with Northern Trust to launch Zodia. Earlier this month, Zodia announced a new wholesale trading platform for crypto-assets…. Read More

July 19, 2021 @ 8:50 am By JD Alois  |  

Clausematch has published a report stating that the Regtech industry is at a tipping point as firms deal with “the ever-increasing regulatory burden and the cost of maintaining compliance.” Clausematch has distributed its ‘”Voice of Regtech” survey. According to the company, the survey was carried… Read More

July 19, 2021 @ 8:05 am By Omar Faridi  |  

TrueLayer, the global Open Banking solution provider, reveals that it has hired technical professionals in Australia in order to expand operations in the APAC region. Tilen Chetty will be joining TrueLayer in Sydney as Product Lead and Dan Gaskin will be working out of the… Read More

July 19, 2021 @ 8:02 am By Omar Faridi  |  

Switzerland-based B2B Proptech firm PriceHubble reveals that it has finalized its $34 million Series B round. PriceHubble’s investment round was oversubscribed and was led by Digital+ Partners, a European growth equity investor. The firm’s round was also joined by Latitude Ventures, the Series B+ sister… Read More

July 18, 2021 @ 11:23 pm By Omar Faridi  |  

Kuflink Group, a platform that connects borrowers with lenders, by providing a steady flow of accessible finance and competitive interest rates, notes that their tech team has worked hard to bring new features. Kuflink‘s management writers in a blog post that together, with users’ feedback,… Read More

July 18, 2021 @ 10:26 pm By Omar Faridi  |  

UK-based MarketFinance, one of the world’s largest peer-to-peer (P2P) invoice finance platforms, acknowledges that they understand the “stresses” and “frustrations” that small businesses go through on daily basis. Although they cannot fix everything, the company explains that they can provide you the financial “firepower” you… Read More

July 18, 2021 @ 10:19 pm By Omar Faridi  |  

The iwoca SME Expert Index reveals that 1 in 3 brokers “see rising demand for unsecured finance.” As noted in an update shared with CI, more than a third (38%) of brokers submitted “more lending applications for unsecured finance in May compared to the previous… Read More