Tagged: united kingdom

June 16, 2021 @ 7:56 am By Omar Faridi  |  

UK-based Fintech firm Modulr notes that direct lender Moneyboat had been quite frustrated by the limitations of the existing banking system. That’s why Moneyboat decided to leverage certain infrastructural Fintech payments solutions to provide faster onboarding, automated, real-time loan disbursements and “a superior customer experience,… Read More

June 16, 2021 @ 1:02 am By Omar Faridi  |  

New Zealand based Buy Now, Pay Later Fintech firm Laybuy is introducing its all-digital BNPL card in the United Kingdom, allowing clients to carry out in-store purchases with just a tap of their smartphones. Clients will be able to load the payment card into their… Read More

June 15, 2021 @ 7:53 pm By Priyanka Pani  |  

UK-based debt collection startup  Ophelos has raised $2.3 million pre-seed investment in a round co-led by Connect Ventures and Fly Ventures. It will The startup plans to use the funds to strengthen its customer-centric debt management platform, growing the engineering and customer operations teams. Founded… Read More

June 15, 2021 @ 4:30 pm By JD Alois  |  

Fintech startup Expend has topped its £500,000 goal on Seedrs and currently stands at over £820,000 from 433 individual investors. Expend previously raised capital from angel investors as well as a prior crowdfunding round. The offering is for a 4.01% equity stake in Expend at… Read More

June 15, 2021 @ 11:53 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 (June 14) that for the week ending June 14,… Read More

June 15, 2021 @ 11:11 am By JD Alois  |  

Wise, formerly doing business as Transferwise, is to complete a direct listing on the London Stock Exchange (LSE) according to reports. Wise, a global Fintech and stealth bank, is a leading provider of global transfers and payments. The site was launched in recognition of the… Read More

June 15, 2021 @ 8:08 am By JD Alois  |  

ShareIn, a platform as a service provider enabling online capital formation, sees “stellar growth” in investors seeking out investments that match their beliefs. ShareIn can power online investment platforms for interest-focused firms looking to support environmental infrastructure, Shariah-compliant finance for SMEs, charities, as well as… Read More

June 15, 2021 @ 12:58 am By Omar Faridi  |  

London-based DNA Payments Group, the fast-growing “vertically integrated” payments firm, has entered a £100 million deal with Alchemy Partners (Alchemy). With an operations based hub in Kent, DNA presently serves more than 45,000 merchants including established online and offline retailers to SMEs, offering them with … Read More

June 15, 2021 @ 12:07 am By Omar Faridi  |  

Equifax UK has reportedly made updates to its flagship credit risk product, Risk Navigator 5, which should establish a new standard in supporting improved decision-making and enhancing consumer credit outcomes. Implemented using Equifax UK’s largest-ever data set, Risk Navigator 5, has demonstrated its potential to… Read More

June 14, 2021 @ 11:08 pm By Priyanka Pani  |  

The UK has emerged as the leading adopter of Open Banking, with it’s clear functionality and widespread mandating of interesting features, such as bulk payments and variable recurring payments, as per new data released by Open Bank firm Yapily. The UK was followed by countries… Read More

June 14, 2021 @ 10:47 pm By Omar Faridi  |  

BC Technology Group, a digital asset and Fintech-focused firm as well as the parent of OSL, has acquired a $70 million (appr. HKD 543.19 million) investment from Singapore’s GIC, the city-state’s sovereign wealth fund. BC Technology Group says it’s planning to further develop and improve… Read More

June 14, 2021 @ 10:37 pm By Omar Faridi  |  

Tyler Winklevoss, CEO at digital asset firm Gemini, recently noted that the company is pleased to confirm that they have completed the acquisition of Shard X, a developer of secure multi-party computation (MPC) cryptographic technology. As mentioned in the announcement, Gemini will be integrating Shard… Read More

June 14, 2021 @ 10:27 pm By Omar Faridi  |  

Mojo Mortgages, an established online mortgage broker, has teamed up with GoCompare in order to offer new levels of financial confidence to consumers. GoCompare clients are now able to view how much money they’ll potentially be saving on their mortgage by comparing personalized offers with… Read More

June 14, 2021 @ 10:07 pm By Omar Faridi  |  

B4B Payments, a multinational prepaid payments provider, has chosen Banking Circle to offer  payments infrastructure to support its corporate banking services. Offering prepaid solutions to businesses for over 15 years, Financial Conduct Authority (FCA) approved B4B Payments enables companies to effectively manage their finances, which… Read More

June 14, 2021 @ 9:56 pm By Omar Faridi  |  

Lloyds Banking Group plc (LON: LLOY), a British financial institution formed through the acquisition of HBOS by Lloyds TSB in 2009 and one of the UK’s largest financial services organizations, with 30 million customers and 65,000 employees, has confirmed that David Gledhill will be joining… Read More

June 14, 2021 @ 8:13 am By Omar Faridi  |  

Amro Partners, the leading Build to Rent and PBSA investor and operator, has introduced a Venture Capital division that aims to invest in transformational Proptech and Fintech initiatives that address major pain points and promote new, customer-focused business models. Supported by a family office, Amro… Read More

June 14, 2021 @ 7:55 am By Omar Faridi  |  

Trust Payments, the multinational unified payments group, has teamed up with Zip, the first Buy Now, Pay Later (BNPL) service to join its diverse network of payment partners. The agreement means that merchants based in the UK that are using Trust Payments’ platform may provide… Read More

June 12, 2021 @ 10:42 am By Omar Faridi  |  

The Bank for International Settlements (BIS) and the Bank of England (BoE) revealed on June 11, 2021, that they’ve introduced the BIS Innovation Hub London Centre, which is notably the fourth Innovation Hub Centre to have been launched in the last couple years. The BIS… Read More

June 11, 2021 @ 11:53 am By Omar Faridi  |  

Osome, a three-year-old Super App that digitizes accounting and compliance services for small businesses, has secured $16 million through a Series A round that received contributions from a group of investors including Target Global, AltaIR Capital, Phystech Ventures, S16VC, and Peng T. Ong (who joined… Read More

June 11, 2021 @ 10:25 am By Omar Faridi  |  

The innovation and ventures division at Standard Chartered (LON: STAN) has teamed up with fund manager Franklin Templeton in order to introduce a “wealth, health and lifestyle” consumer platform for Singapore residents. Excited to announce our partnership with @FTI_Global to launch Autumn in SG, a… Read More