Tagged: united kingdom

June 11, 2021 @ 8:27 am By Omar Faridi  |  

London-based TreasurySpring, the operator of a fixed-term fund platform, has secured $10 million in capital through a funding round that was led by MMC Ventures and the Anthemis Group. As noted by its management: “TreasurySpring is a financial technology company that is unlocking multi-trillion dollar… Read More

June 10, 2021 @ 2:28 pm By JD Alois  |  

British Patient Capital has committed $75 Million to Balderton Capital Growth I, as the $680 million fund closes today. This new venture growth fund, which is sector agnostic, is said to be one of the largest in the UK and Europe, will seek to support… Read More

June 10, 2021 @ 1:35 pm By Omar Faridi  |  

UK-based Collegia, the first combined Auto-Enrolment (workplace pension) and Personal Pensions provider, has secured £500,000 in capital ahead of its upcoming launch. Collegia‘s management noted that they’ll use the proceeds to support their planned UK launch this month and will also use the funds for… Read More

June 10, 2021 @ 8:40 am By JD Alois  |  

LendInvest, a property finance platform, has appointed digital-first law firm, Juno, to its legal panel for its Buy-to-Let product. According to a note from the company, Juno specializes in property conveyancing, and is well-positioned to partner with LendInvest. Juno will now instruct alongside four existing… Read More

June 10, 2021 @ 7:02 am By Omar Faridi  |  

London-headquartered Fintech firm LemonEdge (previously doing business as LemonTree Software) has acquired $2.5 million in capital as part of an oversubscribed round that was led by Sidekick Partners, a venture firm with strong ties to the North American private equity industry. Sidekick Partners is joined… Read More

June 9, 2021 @ 8:28 am By Omar Faridi  |  

Germany-based Scalable Capital, a neo-broker and digital wealth management firm, has reportedly secured over $180 million (appr. €150 million) through a Series E round that was led by Chinese tech giant Tencent. Scalable Capital‘s latest investment round included contributions from existing shareholders. The company has… Read More

June 8, 2021 @ 6:00 pm By Priyanka Pani  |  

London-based Yapily, a leading Open Banking infrastructure provider, has launched a new bulk payments service in the UK market. Yapily has started the service by going live with Comma, an SME payments platform in that country.    Yapily claims to have simplified the complex process of bulk payments… Read More

June 8, 2021 @ 12:33 pm By Omar Faridi  |  

Finastra, a financial services software and Cloud-enabled solutions provider, revealed on Tuesday (June 8, 2021) that Arkéa Banking Services, a subsidiary of Crédit Mutuel Arkéa and a company focused on banking and insurance services in France, has chosen Finastra’s Fusion Risk solution to help enhance… Read More

June 8, 2021 @ 11:00 am By JD Alois  |  

While the tactics may change, the goal of fraudsters in financial services remains the same: Separating hard-working individuals and corporations from their money. The emergence of the internet, and digital financial services, has created a new vector in the fight with criminals and those that… Read More

June 8, 2021 @ 7:32 am By Omar Faridi  |  

Bottlepay, an international payments app provider, has introduced its services across Europe, enabling clients to perform instant, cost-effective cross-border transactions with Euros and Bitcoin (BTC). The Bottlepay app leverages the Lightning Network (LN), a layer-2 Bitcoin payments scalability solution, in order to conduct faster transfers…. Read More

June 7, 2021 @ 9:20 pm By Omar Faridi  |  

Zumo confirmed on Monday (June 7, 2021) its key Signatory status of the Crypto Climate Accord (CCA), an international initiative that has been launched to harness the collective efforts of the crypto and blockchain sector to support the industry’s gradual transition to 100% renewable energy… Read More

June 7, 2021 @ 10:20 am By Omar Faridi  |  

Leading European digital asset manager CoinShares (Nasdaq First North Growth Market: CS) announced Monday (June 7, 2021) that three of the firm’s recently introduced physically-backed exchange-traded products (ETPs) have now “cross-listed on Germany’s Börse Xetra exchange.” As noted in a release from the company: CoinShares… Read More

June 7, 2021 @ 9:22 am By Omar Faridi  |  

Nium, an international B2B payments service provider, revealed on Monday (June 7, 2021) that it had signed a “definitive” agreement to acquire Ixaris, a company focused on travel payments optimization. As mentioned in a release shared with CI, the transaction is set to be finalized… Read More

June 7, 2021 @ 8:15 am By Omar Faridi  |  

PayAlly, a fully integrated payments ecosystem for small businesses, is reportedly using Banking Circle solutions to enhance its multi-currency B2B cross-border payments platform. Through the partnership, PayAlly will be able access a wider range of payment channels via the Banking Circle super-correspondent banking network. This… Read More

June 7, 2021 @ 3:08 am By JD Alois  |  

United Fintech is crossing the Atlantic to expand in the US, according to a note from the company. Launched last year, United Fintech already claims 85 employees. According to its website, United Fintech acquires tech rims with the goal of building and creating new products…. Read More

June 6, 2021 @ 9:39 am By Omar Faridi  |  

The team at digital bank Revolut notes that being able to work effectively in a digital environment is very important for small businesses. After a year that challenged many SMEs globally to adapt and become more flexible due to the COVID outbreak, everything from customer… Read More

June 5, 2021 @ 7:50 pm By Omar Faridi  |  

HSBC Holdings plc (NYSE: HSBC), a British multinational investment bank and financial services holding company, recently revealed that its UK division had introduced a fraud awareness app to offer businesses or companies up-to-the-minute or the latest updates on potential scams. HSBC, which is the second… Read More

June 5, 2021 @ 11:41 am By JD Alois  |  

The G7 Finance Ministers, along with several international organizations, met the past couple of days in the UK to discuss “building a strong, sustainable, balanced and inclusive global economic recovery.” Intermingled amongst the goal of creating a global minimum tax of 15% targeting big tech… Read More

June 5, 2021 @ 11:03 am By Omar Faridi  |  

AppGallery, a leading app marketplace, has introduced near-field communication (NFC) payments in European markets, after forming a partnership with Stocard, a leading mobile wallet provider. After teaming up with AppGallery, Stocard worked closely with Huawei to integrate Huawei Mobile Services (HMS) Core capabilities within its… Read More

June 4, 2021 @ 8:45 am By JD Alois  |  

CrowdProperty is reporting that May was a record month for the property investment platform. According to CrowdProperty, the platform lent a total of £8,320,000 while paying back a total of £7,520,000 and receiving a total of £285,000,000 of funding applications from SME property professionals during… Read More