Tagged: united kingdom

UK Fintech Rapyd Raises $40 million Through Series B Funding Round Led By General Catalyst & Stripe

Rapyd, a UK-based fintech, announced on Wednesday it raised $40 million through its Series B funding round, which was led by General Catalyst and Stripe. Founded in 2016, Rapyd describes itself as a mobile-first financial network that makes the world’s “favorite ways” to pay and be paid… Read More

Tandem Update: Customers Have Spent £100 Million on Credit Cards & Pays Out £500,000 in Cashback

Less than a month after revealing it has topped 500,000 in customers, digital-first challenger bank Tandem Bank announced in total customers have spent over £100 million on their credit cards and has paid £500,000 in cashback to its customers. Tandem reported since launching in February 2018, the… Read More

Insurtech Inshur Raises $7 Million Series A, Gains $2 Million Credit Facility

Insurtech Inshur has closed on a $7 million Series A investment round alongside a $2 million credit facility, according to a release from the company.  The investment was led by Munich Re Ventures with participation from MTech Capital – a venture fund focused on Insurtech. … Read More

Digital Banking Platform Starling Bank Secures £60 Million Through Series C Funding Round Led By Merian Global Investors

UK banking platform Starling Bank announced on Wednesday it secured £60 million through its Series C funding round, which was led by Merian Global Investors, including the Merian Chrysalis Investment Company Limited (Merian Chrysalis). Starling Bank reported that it has raised further £15 million from its existing… Read More

TransferWise Lowers their Rates. Can Banks Ever Compete?

Fintech unicorn and stealth bank TransferWise is dropping their rates even lower. According to an email distributed by the UK based Fintech, fees for transfering currency are going down. Using the process of transferring dollars to euros, TransferWise cited the following example: Transfer USD $700 via bank ACH:… Read More

TrueLayer Launches Payments API

TrueLayer, a computer software company that enables companies to capitalize on new open banking initiatives in the UK, recently announced the launch of its new TrueLayer Payments API. While sharing more details about the Payments API, the TrueLayer team stated: “The Payments API is a… Read More

Update: Oral Health Subscription Brushbox Surpasses £700,000 During the Final Days on Crowdcube

Brushbox, a UK-based oral health subscription box service, is set to close its equity crowdfunding campaign on Crowdcube with more than £700,000 from 240 investors. The funding round was launched last month, originally seeking £500,000. As previously reported, Brushbox claims to be the UK’s first oral health subscription box… Read More

Monzo Launches First 100 Business Accounts

UK challenger bank Monzo announced on Monday the launch of its first 100 business accounts. This news comes just a few months after Monzo revealed it was considered business banking, with Founder and CEO, Tom Blomfield, stating 2019 plans included business accounts. Speaking about the new… Read More

Research Firm Touts Benefits of P2P Lending During Brexit Uncertainty

Peer to peer lending research firm 4thWay has published a note touting the benefits of investing in P2P loans in contrast to more volatile equity investing. 4thWay says that Brexit induced market volatility should compel investors to consider investing in online loans. 4thWay says it is… Read More

LC Lite Uses Blockchain to Streamline Letters of Credit

LC Lite says it is using blockchain technology to simplify and speed up transactions requiring letters of credit. The platform is being launched by the founders of invoice financing platform Incomlend. According to a release, Incomlend currently processes funding volumes worth approximately $240 million annually… Read More

Starling Bank Rolls Out Euro Accounts

UK challenger bank Starling Bank announced earlier this week it has launched its Euro Account. According to Starling Bank, the Euro Account has been designed for UK residents who are the following: Are European expats living in the UK and sending money back home Work… Read More

Dragon Den Alum GripIt Returns to Crowdcube; Now Seeking £1 Million

Less than two years after securing more than £2 million through its second Crowdcube campaign, Dragon Den alum GripIt has returned to the equity crowdfunding platform to raise £1 million.  As previously reported, GripIt describes itself as the World’s Ultimate Plasterboard Fixing. The company’s products hold… Read More

RateSetter Expands Property Development Finance Team in South West England; Appoints Ian Granger as New Business Development Manager

UK based peer-to-peer lender RateSetter announced on Friday it is expanding its Property Development Finance Team in South West England with the appointment of Ian Granger as its new Business Development Manager. Granger will reportedly oversee client management and business development in Somerset, Devon, and Cornwall as… Read More

Update: Wealth Migrate Completes Seedrs Round With Nearly £1.7 Million in Funding

Wealth Migrate, a UK-based real estate crowdfunding platform, has completed its equity crowdfunding campaign on Seedrs with £1,687,965 secured. The funding round was launched in November, originally seeking a minimum of £750,000. As previously reported, Wealth Migrate was established in 2010 and describes itself as a leading… Read More

UK Fintech OakNorth Secures $440 Million Through Latest Investment Round Led By Japan’s SoftBank

OakNorth, a UK-based fintech startup, has successfully secured $440 million through its latest investment round, which was led by Japan’s SoftBank Group Corp.  Launched in 2015 by Rich Khosla and Joel Perlman, OakNorth claims to be Europe’s fastest-growing fintech company by assets and valuation. The company… Read More

Assetz Capital Co-Founder Andrew Holgate Forms Fintech Advisory Firm Equitivo

Andrew Holgate, a co-founder of peer to peer lender Assetz Capital, has launched a Fintech consulting firm. Equitivo is said to be “Europe’s first full-service Fintech consultancy.” In a release, the firm said the consulting firm launches with “a strong UK and European client base.” Equitivo’s services… Read More

Facebook Buys Blockchain Firm Chainspace. What Does it Mean?

It was recently reported that Facebook has acquired Chainspace, a London-based blockchain startup described as a scalable distributed ledger and smart contract platform. The Chainspace website claims to deliver on “modern expectations of processing power, making it the platform of choice for complex real-world applications.”… Read More

Yoyo Announces Launch of Omnichannel Platform

Yoyo announced on Thursday the launch of its new omnichannel platform. Yoyo reported that it has combined its in-store digital payments and loyalty experience with an e-commerce solution to enable retailers to created the channel.  According to Yoyo, the omnichannel platform provides the following: Multichannel one-click checkout:… Read More

Barclays Secures Minority Stake in UK Fintech Loyalty Mobile App Startup Bink

Top British banking group Barclays has reportedly taken a minority stake in the UK-based fintech loyalty mobile app startup Bink. Founded in 2014, Bink stated its mission is to “redefine loyalty, making life simple and rewarding for all.” The company revealed: “Bink is set to transform… Read More

Peer to Peer Property Lender Kuflink Launches Secondary Market

Peer to peer lending platform Kuflink has launched a secondary market to provide liquidity for investors in their property backed loans. Kuflink said this was the first of several new enhancements planned for 2019. The platform said that lenders can list most loan parts on… Read More

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