Tagged: united kingdom

May 26, 2021 @ 12:24 pm By Samantha Hurst  |  

  Curve, a banking platform that consolidates multiple cards and accounts into one smart card and even smarter app, announced it is set to close its equity crowdfunding campaign on Crowdcube with more than £7.9 million secured from nearly 9700 Crowdcube investors. Curve reported that the… Read More

May 26, 2021 @ 10:59 am By Omar Faridi  |  

UK-based Assetz Capital, a peer-to-peer lender that originates secured loans, notes that even during the COVID-19 pandemic, typical capital raise has not been impacted in a “seemingly” large way. According to a blog post from Assetz Capital, businesses are currently looking for funding and there… Read More

May 26, 2021 @ 8:37 am By Omar Faridi  |  

UK-based LendInvest, a property finance Fintech, reveals that they’ve been an early Open Banking adopter, as part of the Buy-to-Let process, using the technology’s potential to facilitate faster deals. LendInvest Senior Underwriter, Tom Steer, recently discussed how Open Banking is working for the company’s underwriting… Read More

May 26, 2021 @ 8:24 am By Omar Faridi  |  

UK’s Paysend, the card-to-card pioneer and global payments platform, has finalized a $125 million Series B round that was led by One Peak, along with contributions from Infravia Growth Capital, Hermes GPE Innovation Fund, and existing investors including Silicon Valley-based Plug and Play. The capital… Read More

May 25, 2021 @ 2:09 pm By Omar Faridi  |  

Open Banking is about giving users better control over their banking information. Instead of your bank hoarding the details regarding your transactions and account, users are able to decide how and when they want to share these details with other financial services providers and other… Read More

May 25, 2021 @ 2:02 pm By Samantha Hurst  |  

  Curve, a banking platform that consolidates multiple cards and accounts into one smart card and even smarter app, has officially launched its equity crowdfunding campaign on Crowdcube. The funding round, which was announced earlier this month, has already secured more than £6.8 million from… Read More

May 25, 2021 @ 1:39 pm By Omar Faridi  |  

UK-based MarketFinance, one of the world’s largest peer-to-peer (P2P) invoice finance platforms, notes that in early March 2021, Chancellor Rishi Sunak had announced the UK government’s Help to Grow program in his Spring Budget. MarketFinance notes in a blog post that the program is designed… Read More

May 25, 2021 @ 8:17 am By Samantha Hurst  |  

  Digital bank Revolut announced on Tuesday that Revolute Business has launched an invoicing tool to streamline payments for UK and EU businesses. According to Revolut, Revolut Business customers may now send professional invoices that simply their Revolut Business accounts. These invoices may also be personalized… Read More

May 25, 2021 @ 8:12 am By JD Alois  |  

A UK court has rejected a plan to address mis-selling by sub-prime lender Amigo (AMGO.L) causing shares to sink by 50%. Amigo offers loans to individuals from £2,000 – £10,000 over terms between 12 and 60 months, with a maximum APR of 49.9%. In 2020,… Read More

May 25, 2021 @ 1:39 am By Omar Faridi  |  

NatWest, a major retail and commercial bank in the UK, will reportedly be letting clients set up their own daily digital bank transfer limits – which should help reduce the potential damage done by authorized payment push (APP) scams. NatWest, Royal Bank of Scotland and… Read More

May 24, 2021 @ 7:48 am By Omar Faridi  |  

Manchester-headquartered Fintech firm Hydr (pronounced Hi-der) revealed on Monday (May 24, 2021) that it has launched its proprietary invoice finance platform in order to assist small businesses with streamlining their cash flow management. Co-founded by experienced Fintech industry professionals with extensive knowledge of the challenges… Read More

May 23, 2021 @ 11:51 pm By Omar Faridi  |  

Digiseq recently unveiled what it claims to be a wearables breakthrough via a mobile app that’s able to turn supported objects, embedded with an NFC chip, into a contactless payments device. Digiseq’s Manage Mii mobile app supports “Rapid Contactless Personalization” for clients to imbue any… Read More

May 23, 2021 @ 10:28 pm By Samantha Hurst  |  

Zvilo, a UK-based challenger banking startup has successfully raised more than £425,000 through its equity crowdfunding campaign on Seedrs. The investment round, which orignally sought to raise £200,000, has already attracted over 260 Seedrs investors. As previously reported, Zvilo stated it is a new digital platform that seeks… Read More

May 21, 2021 @ 10:12 pm By Omar Faridi  |  

The UK’s Financial Conduct Authority (FCA) will be postponing the implementation of strong customer authentication (SCA) rules by another 6 months in order to minimize disruption for individual consumers and merchants. First scheduled for release in September 2019, the SCA guidelines – which require a… Read More

May 21, 2021 @ 9:04 am By JD Alois  |  

Earlier this week, the UK Financial Conduct Authority issued a “Dear Chief Executive” letter to payment and e-money firms warning about adequate disclosure when it comes to affiliated risk and consumer money. Some Fintechs provide similar services as banks while not being fully regulated as… Read More

May 21, 2021 @ 8:18 am By Samantha Hurst  |  

  UK-based digital banking group Starling Bank announced this week it secured a £50 million investment from Goldman Sachs Growth Equity. According to Starling Bank, the investment is an extension of the oversubscribed £272 million Series D funding round announced in March 2021, which valued it in… Read More

May 21, 2021 @ 7:56 am By Omar Faridi  |  

Revolut Business revealed on Friday (May 21, 2021) that it’s introducing currency forward contracts (FX Forwards) in the United Kingdom. Revolut Business’ FX Forwards will allow firms of any size – from large corporates to single-person businesses – to set future exchange rates via an… Read More

May 20, 2021 @ 1:53 pm By Samantha Hurst  |  

Curve, a banking platform that consolidates multiple cards and accounts into one smart card and even smarter app, announced on Thursday its upcoming equity crowdfunding campaign is set to go live on Crowdcube with 35,000 sign-ups (21,000 were signed up within the first 24-hours). As previously reported, Curve is… Read More

May 20, 2021 @ 7:36 am By Omar Faridi  |  

New Zealand’s Buy Now, Pay Later (BNPL) Fintech Laybuy has acquired A$35m in capital in order to expand business operations into the UK markets. Laybuy‘s latest investment round has come as part of a private placement and will be used to make additional investments into… Read More

May 20, 2021 @ 7:35 am By Samantha Hurst  |  

  Ignition, an Australia-based digital financial advising platform, announced this week it has launched its services in the UK.  Founded in 2014, Ignition describes itself as a global advisor technology specialist for financial institutions seeking to help more customers have access to financial advise in… Read More