Tagged: united kingdom

June 23, 2021 @ 8:15 am By Tony Zerucha  |  

Recent Financial Conduct Authority (FCA) statements on the growth of cryptocurrency ownership among adults in the United Kingdom highlight the need to provide more support and protection for those investors Ziglu founder and CEO Mark Hipperson said. A UK-based money app, Ziglu allows users to… Read More

June 23, 2021 @ 8:13 am By Omar Faridi  |  

Billhop and ICS have teamed up to improve working capital access for SMEs across the Netherlands. Through the partnership, ICS commercial cardholders, based in the Netherlands, will have access to Billhop’s service “at a preferential rate,” according to a release shared with CI. As mentioned… Read More

June 22, 2021 @ 10:07 am By Omar Faridi  |  

TrueLayer, Europe’s Open Banking platform, reveals that it has launched a new approach to account ownership checks with its Verification API. As noted in the announcement from TrueLayer, the Verification API will be leveraging Open Banking along with with machine learning algorithms. This should help… Read More

June 22, 2021 @ 7:54 am By Omar Faridi  |  

UK-based Tide, a business financial platform, confirmed that it will be introducing Cashflow Insights this month in order to assist small business owners with enhancing their cash flow management while addressing delays in payments. The new solution should improve how credit scores may be used… Read More

June 21, 2021 @ 11:27 pm By Omar Faridi  |  

Standard Chartered (the Group) recently revealed that it will be appointing Roel Louwhoff who will be serving as the new Group Chief Digital, Technology & Innovation Officer. Louwhoff previously worked as Chief Operations and Transformation Officer at ING since 2014. According to an update from… Read More

June 21, 2021 @ 7:35 pm By Omar Faridi  |  

Augmentum Fintech plc (LSE: AUGM), the UK’s only publicly listed investment firm that’s focused on the Fintech industry, has made a $10 million (c. £7.3 million) investment into Helsinki based Tesseract Group Oy, marking Augmentum’s first investment into Finland. As noted in a release shared… Read More

June 21, 2021 @ 11:04 am By Omar Faridi  |  

Scottish Fintech firm Aveni has acquired a £1.1 million investment in order to establish an AI platform which is focused on supporting speech analytics for modern businesses. Aveni Detect reportedly uses the latest artificial intelligence and natural language processing (NLP) technologies in order to fully… Read More

June 21, 2021 @ 8:13 am By Omar Faridi  |  

The team at UK-based peer-to-peer lender Blend Network notes that many investors on their platform will know or are aware that they have a secondary market feature that lets lenders sell their loan parts “prior to the loan maturity.” The Blend Network team recently answered… Read More

June 20, 2021 @ 2:45 pm By Omar Faridi  |  

Dutch banking challenger Bunq has reportedly committed to a €160 million round at a €1.65 billion valuation. Bunq will also be acquiring a small business lender as part of the transaction. Bunq’s latest investment round was joined by an unnamed UK-based private equity company. As… Read More

June 20, 2021 @ 12:39 pm By Omar Faridi  |  

A newly launched change card and app developed to replace coins by Fintech firm Shrap has introduced its pilot program – with the first two testing initiatives currently underway in Rochford in Essex and Denny in Scotland as part of the United Kingdom’s Community Access… Read More

June 20, 2021 @ 11:12 am By Omar Faridi  |  

Clim8, a digital investment platform that’s focused on a firm having a “positive impact” on climate change, has raised £1,630,460 from 885 investors via Crowdcube, at the time of writing. There are now 21 days remaining for this offer with the platform already surpassing its… Read More

June 19, 2021 @ 3:58 pm By Omar Faridi  |  

Financial software provider Kynetix has introduced a Cloud-powered solution to assist FCMs and brokers with addressing the challenges in reconciling listed derivatives. As noted by the company’s management: “For over 20 years, Kynetix has been forefront of building trust in the physical economy. Recognized as… Read More

June 19, 2021 @ 2:33 pm By Omar Faridi  |  

SendSpend, the remittance and wallet app, reveals that it has acquired the Electronic Money Institution (EMI) license from the UK’s Financial Conduct Authority (FCA). The company will now be able to issue digital money and offer cross-border remittance services from its UK head offices. SendSpend… Read More

June 19, 2021 @ 9:23 am By Omar Faridi  |  

Glint Pay Inc., a subsidiary of the UK-based Fintech company that makes gold an alternative global currency by enabling its clients to buy, sell, save and spend their physical gold instantly through the Glint Debit Mastercard and Glint App, has secured 111% of its equity crowdfunding… Read More

June 18, 2021 @ 11:55 am By Omar Faridi  |  

London-based 10x Future Technologies, a Cloud banking solution provider, has finalized an oversubscribed $187 million Series C round. The company states: “10x Future Technologies is … focused on transforming banking to be 10x better for customers, banks and society. The group has developed its own… Read More

June 18, 2021 @ 11:44 am By JD Alois  |  

Yesterday it was reported that Nutmeg, a digital investment manager operating in the UK, had been acquired by JP Morgan (NYSE:JPM). The Fintech had already partnered with the bank and JPM apparently decided to utilize Nutmeg’s tech as a step to launch a digital-only bank,… Read More

June 18, 2021 @ 10:02 am By Omar Faridi  |  

London-headquartered Volt, an open payments gateway provider, has secured $23.5 million in capital through a Series A round that was led by EQT Ventures. Augmentum Fintech, Fuel Ventures, and angel investors including Adyen co-founder Robert Kraal and FIS non-executive director Gabriel de Montessus took part… Read More

June 18, 2021 @ 8:50 am By Omar Faridi  |  

UK-based VALK, the end-to-end digital transaction solution for private markets developed on Corda, has managed to secure a place in the UK Financial Conduct Authority’s (FCA) regulatory sandbox. Established in 2016, the FCA regulatory sandbox is being offered to assist the financial services sector and… Read More

June 18, 2021 @ 8:32 am By Omar Faridi  |  

UK’s Paysend, the card-to-card pioneer and global payments platform, has introduced Paysend 4.0, which is described as a new digital money app designed to manage all payments requirements from a single location. As noted in the announcement, the latest version offers global transfers, a multicurrency… Read More

June 17, 2021 @ 11:59 pm By Omar Faridi  |  

UK-based MarketFinance, one of the world’s largest peer-to-peer (P2P) invoice finance platforms, notes that at their company, the whole team connects every week for their (presently virtual) Townhall. But now that COVID-related restrictions are gradually easing and businesses can “take stock” of this past year,… Read More