Tagged: united kingdom

July 25, 2021 @ 12:46 pm By Omar Faridi  |  

According to the Nationwide House Price Index in the UK, the price of the average house in the country surged by 13.4% YoY in June 2021, which is the largest increase seen in more than 17 years – since November 2004, the Blend Network team… Read More

July 25, 2021 @ 10:40 am By Omar Faridi  |  

UK’s PensionBee (LON: PBEE), an online pension provider, recently revealed that its assets under administration have now more than doubled during the past year. Today we’re delighted to announce that we now administer £2bn of pension savings on behalf of our customers 🎉🎊✨ pic.twitter.com/qhl4cSiISZ —… Read More

July 23, 2021 @ 1:48 pm By JD Alois  |  

CrowdProperty, a leading UK-based property investment platform, looks like it may double its targeted raise on Seedrs. With a couple of weeks left on the securities offering, CrowdProperty has raised over £1.4 million on a funding goal of £800,000. According to the offering page, CrowdProperty… Read More

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

Neo-bank Revolut has announced the launch of daily interest savings vaults for UK customers on the standard plan. Starting today, customers with a Revolut standard plan can begin to earn 0.15% daily interest on the funds in their GBP vaults. Revolut Savings Vaults are said… Read More

July 23, 2021 @ 10:44 am By Omar Faridi  |  

iPipeline, a provider of low code / no code content-enabled digital solutions and services to the financial services sector, reveals that global reinsurance company, PartnerRe, has decided to adopt the iPipeline’s SSG Digital® Platform in order to expand its international protection portfolio. As mentioned in… Read More

July 23, 2021 @ 9:20 am By JD Alois  |  

Zilch, a buy now, pay later (BNPL) platform has raised an additional $110 million in both debt and equity capital as part of an extended Series B funding round. In total, the London-based Fintech has raised $200 million making it one of the largest European… Read More

July 22, 2021 @ 2:53 pm By Tony Zerucha  |  

UK-based post-graduate education lender Prodigy Finance has issued a $288 million student loan asset-backed securitization backed by $304 million of loans from its own portfolio. The issuance was rated Aa3 by Moody’s and A+ by Kroll for its $227 million of senior tranche notes Using… Read More

July 22, 2021 @ 10:47 am By JD Alois  |  

Natwest is the next shoe to drop in the ongoing purge of transfers to Binance, according to a report by Yahoo. Recently, Santander and Barclays issued statements that they would no longer facilitate transfers from UK customers to the Binance platform. This all stems from a… Read More

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