Tagged: united kingdom

July 6, 2021 @ 9:40 am By JD Alois  |  

CrowdProperty is reporting a £300 million institutional funding line agreement with a “new major investment manager.” The funding line is said to be a five-year agreement that complements CrowdProperty’s existing sources of capital. CrowdProperty is a property lending platform that provides access to capital for… Read More

July 6, 2021 @ 7:53 am By Omar Faridi  |  

Leading European digital asset manager CoinShares will be acquiring Global Blockchain Equity Index, according to a release. As noted in the announcement, dated July 6, 2021, CoinShares is set to expand its footprint into equities market with its acquisition of the exchange-traded -fund or ETF… Read More

July 5, 2021 @ 2:59 pm By Omar Faridi  |  

mmob, an Open Finance partnership platform, has announced that it has received authorization or approval from the UK’s Financial Conduct Authority (FCA) for Payment and Account Information Service Provision. The approval from the United Kingdom’s regulatory authority validates mmob’s progressive business model and embedded finance… Read More

July 5, 2021 @ 10:55 am By JD Alois  |  

Revolut, a top European digital bank, is working on its next funding round according to a recent report. If accurate, Revolut is anticipated to receive a valuation of between $30 billion and $40 billion. Sky News states that early discussions include SoftBank’s Vision Fund 2… Read More

July 5, 2021 @ 9:36 am By Omar Faridi  |  

Tesco Bank, a British retail bank that has been wholly-owned by Tesco plc since 2008, has confirmed the appointment of Gary Duggan as the institution’s interim CEO, Tesco Underwriting, and interim Chief Insurance Officer. Tesco Bank, which was formed as part of a venture between… Read More

July 4, 2021 @ 9:17 pm By Omar Faridi  |  

FaizPay, a company offering a truly multi-channel fast and fair payments service that’s built on Open Banking rails, has secured 87% or £526,958 of its fundraising target of £600,001 from 79 investors (at the time of writing) via a securities offering on Seedrs. As of… Read More

July 4, 2021 @ 7:40 pm By Omar Faridi  |  

Coconut, a Fintech firm that automates bookkeeping and tax for sole traders, a market of 3.5 million in the UK, has raised £918,370 from 1202 investors (at the time of writing while having a £700,000 target) through a campaign on Crowdcube. Coconut reports a pre-money valuation… Read More

July 3, 2021 @ 11:21 am By Omar Faridi  |  

Smart, the multinational retirement savings tech platform provider that’s used to power the Smart Pension Master Trust, one of the ‘Big Four’ UK auto enrolment master trusts, has finalized a £165 million Series D round. As explained by the company: “Smart Retire has been designed… Read More

July 3, 2021 @ 10:12 am By Omar Faridi  |  

UK Finance has confirmed four new appointments to the UK Finance Board – which are all effective as of July 1, 2021. Matt Hammerstein, CEO of Barclays Bank UK; Lucy-Marie Hagues, CEO at Capital One UK; John Hourican, Chief Executive of NewDay Group; and Max… Read More

July 2, 2021 @ 12:42 pm By JD Alois  |  

Yesterday, the Chancellor of the Exchequer Rishi Sunak outlined his vision for financial services in the UK. The Chancellor highlighted his goal of maintaining, and growing, the UK’s prominence in the finance industry – including the Fintech sector. Topics covered targeting Fintech included distributed ledger… Read More

July 2, 2021 @ 10:32 am By JD Alois  |  

The Chancellor of the Exchequer Rishi Sunak has outlined his vision for financial services in the 2021 Mansion House speech. Charting the roadmap forward post-Brexit, the Chancellor noted the importance of financial services for the UK economy. Financial services currently employs around 2.3 million people… Read More

July 2, 2021 @ 9:09 am By Omar Faridi  |  

Codat, an API-powered platform for business data sharing, has acquired $40 million in capital through a Series B funding round. Codat reports a tripling in annual revenue growth and also a doubling of its employee headcount Codat’s latest Series B investment round has been led… Read More

July 2, 2021 @ 8:06 am By Omar Faridi  |  

Rapyd, a multinational Fintech as a Service (FaaS) provider, has entered into a definitive agreement with Arion Banki (Arion Bank) in order to acquire Valitor, an Icelandic payments solutions firm. As confirmed in a release shared with Crowdfund Insider, the deal size is $100 million… Read More

July 1, 2021 @ 2:42 pm By Omar Faridi  |  

Salerio, the post-execution trade processing service from Corfinancial, has been chosen by the Man Group, the international active investment management company, in order to assist in their migration from the OASYS US securities trade processing flows to the DTCC’s Institutional Trade Processing (ITP) CTM (Central… Read More

June 30, 2021 @ 5:14 pm By JD Alois  |  

The Cambridge Centre for Alternative Finance (CCAF) has just released its most recent report providing data on the global alternative finance industry. According to the 2nd Global Alternative Finance Benchmarking Report, this sector of Fintech has grown dramatically – with a caveat: you must exclude… Read More

June 30, 2021 @ 1:18 pm 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 (June 28) that for the week ending June 28,… Read More

June 30, 2021 @ 11:10 am By Omar Faridi  |  

Tomato Pay, a newly-launched QR-code payment and invoicing app, is currently available for use in the United Kingdom. The Fintech app is intended for small businesses and sole traders. As noted by the firm’s management: “Tomato Pay is a simple, QR-code based payments and invoice… Read More

June 30, 2021 @ 10:35 am By JD Alois  |  

Leading property finance platform LendInvest is expected list shares at a £300 million valuation in an initial public offering (IPO) in the coming days. LendInvest is a profitable Fintech that has engendered a solid niche in providing short-term financing for UK property. There have been… Read More

June 30, 2021 @ 8:13 am By JD Alois  |  

hyperexponential (hx), a UK-based Insurtech, has raised $18 million in a funding round led by Highland Europe, according to a note from the company. hx states that it is already profitable and the funding will help boost growth and build out its software for the… Read More

June 30, 2021 @ 7:34 am By Omar Faridi  |  

The team at UK-based Blend Network, a peer-to-peer lending platform, notes that recent market developments in the United Kingdom have seen investors preparing for expected growth and may also want to watch out for inflation. As mentioned by Blend Network, headlines and concerns regarding inflation… Read More