Tagged: united kingdom

Competition and Markets Authority Clears PayPal’s Purchase of iZettle

The UK Competition and Markets Authority (CMA) has cleared the acquisition by PayPal of competitor iZettle. In April, the CMA provisionally found the deal should be cleared. After an initial investigation (Phase 1), CMA raised concerns regarding competition reduction if the acquisition went through. The… Read More

Money Shoots Out of Bitcoin ATM Near London Bond Street Tube Station

A user of the Reddit forum r/Bitcoin posted a video last week showing British pounds shooting out of a Bitcoin ATM located near London’s Bond Street train station. The video shows a security guard trying to keep nervous spectators away from a cash-filled duffle placed… Read More

CrowdProperty Funds 600th Home, Tops £40 Million in Lending

Peer to peer property lender CrowdProperty has funded its 92nd project. In doing so, CrowdProperty funded its 600th home having lent over £40 million. In total, CrowdProperty pegs the aggregate value of the property at over £100 million CrowdProperty highlights the fact that, to date,… Read More

TokenMarket Receives Approval From FCA to Run Security Token Offering in Regulatory Sandbox

TokenMarket, a UK-based global investment platform, announced on Monday it has received approval from the FCA to run its Security Token Offering (STO) in the regulatory sandbox. According to TokenMarket, the offering is being conducted under existing UK crowdfunding rules, allow for up to €8 million… Read More

LendInvest Completes £259 Million Securitization Transaction

LendInvest, a UK-based online marketplace for mortgages, announced on Monday it has securitized £259 million of UK prime Buy-to-Let mortgage loans in an oversubscribed RMBS transaction. LendInvest claims it is the UK’s first marketplace platform to securitise its own assets and the securitization received an… Read More

London Tech on Track for Record Year of VC Investment

This is London Tech Week and the city is doing a bit of well-deserved chest pounding touting its innovation cred. In data compiled by London & Partners, the Mayor of London’s inward investment agency, venture capital investment into London is booming. In fact even while… Read More

DIT Supported FinTech Alliance Reports Over 500 Members Have Joined

The UK FinTech Alliance has officially launched reporting over 500 companies and individuals have already signed up to join as members. Created in partnership with the Department for International Trade (DIT), the FinTech Alliance seeks to strengthen the UK’s Fintech ecosystem in a single location…. Read More

Paysend Hits £4.2 Million Crowdfunding Goal on Seedrs in 3 Days, Plans Stablecoin Launch

Fintech Paysend has quickly topped its £4.2 million target for a crowdfunding round on Seedrs. Launched on June 6, Paysend benefited from a private offering for pre-registered customers. To date, 217 investors have participated in the round which remains open on Seedrs. The round was… Read More

Orca CEO: New FCA Rules for P2P Lending May Stifle Innovation, Shift Industry to Institutional Investors

Last week, the UK Financial Conduct Authority (FCA) updated the regulatory regime managing the peer to peer lending industry. Overall, the P2P sector saw more rules that increased oversight including a cap on retail investment. Initial comments regarding the rules have been mixed with some… Read More

Update: UK Insurtech Wrisk Completes Latest Seedrs Round With More than £975,000 in Funding

UK-based insurtech Wrisk completed its latest equity crowdfunding campaign on Seedrs with a total of £978,682. The funding round was launched earlier this spring, originally seeking £750,000. The startup raised £1 million through its second Seedrs initiative less than a year ago.  As previously reported,… Read More

FinTech Alliance Partners with Welsh startup Delio, a Private Asset Investment Infrastructure

The FinTech Alliance has announced a partnership with Delio to power funding for startups directly through its platform. The FinTech Alliance was announced by the UK government in April. Officially, the platform kicks off next week at the beginning of London Tech Week. The FinTech… Read More

UK FinTech Alliance to Officially Launch Next Week

Announced in April by the UK Chancellor of the Exchequer Philip Hammond, the FinTech Alliance will officially launch next week at an event in London. A gathering is scheduled to take place on June 10th at the start of London Tech Week. A private party… Read More

Update: Renewable Energy Platform Ripple Secures £750,000 Funding Target on Seedrs

Ripple, a UK-based renewable energy platform, has successfully secured its initial £750,000 funding target on equity crowdfunding platform Seedrs. The funding round was launched last month and has so far attracted more than 880 investors. As previously reported, Ripple was founded in 2017 and its… Read More

Assetz Capital Reportedly Surpasses Bridging & SME Lending Milestones

UK-based peer-to-peer lending platform Assetz Capital has reportedly surpassed both bridging and SME lending milestones. According to Bridging and Commercial, the online lender has provided more than £100 million in bridging finance and £50 million in SME funding.  Speaking about the latest milestone, Damien Druce,… Read More

Overfunding: B2B Platform For Gold MarketOrders Surpasses £400,000 Funding Target on Crowdcube

Just one week after launching its equity crowdfunding campaign on Crowdcube, MarketOrders, a B2B platform that enables users to buy gold and diamond jewelry directly from international suppliers, has successfully secured its £400,000 funding target from nearly 100 investors. As previously reported, MarketOrders was founded… Read More

Crowdfunding Now on Seedrs Raising £4.2 Million, Fintech Startup Paysend Expands into Six New Countries

Fintech startup Paysend has added six new countries to the list of jurisdictions where its network is available. Paysend is now available in more than 70 different countries. The news comes alongside a Series B crowdfunding round hosted on the Seedrs platform. Paysend is seeking… Read More

Overfunding: Hosting Management Service Airsorted Surpasses £1 Million on Seedrs

Just days after launching its latest equity crowdfunding campaign on Seedrs, UK-based hosting management service Airsorted has successfully secured its initial £1 million from more than 800 investors. As previously reported, Airsorted states it makes hosting on Airbnb “hassle-free” by using technology to create an… Read More

Brexit Hedge: FCA Solidifies Relationship with Dutch AFM as Financial Firms Look for EU Bridge

The Financial Conduct Authority (FCA) and the Dutch Authority for the Financial Markets (AFM) have signed a formal agreement to work more closely together as financial services firms look to maintain a foothold in continental Europe. The FCA states that since the UK announced its… Read More

LendInvest Announces Fifth Consecutive Year of Profitability as Growth Continues: More than £2 Billion in Cumulative Originations

LendInvest, an online marketplace for mortgages, announced on Tuesday it has reported a period of strong growth and significant operational and strategic progress for the year, ending on March 31st. The online lender revealed the following: Financial highlights: Platform revenue increased 36% to £72.7m (FY18:… Read More

Starling Bank Announces New Collaboration With Payments Platform Tribe

UK-based digital banking platform Starling Bank announced on Tuesday it has formed a partnership with Tribe Payments, which consists a team of industry experts who are dedicated to delivering the future of payments, to provide its customers with real-time access to the UK and European… Read More

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