Tagged: united kingdom

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

June 4, 2021 @ 2:27 am By Omar Faridi  |  

Cryptocurrency ownership is on the rise across the globe and in a recent survey of nearly 3000 US adults, Bitcoin remains the “overwhelming” favorite among the scores of virtual currencies that are currently available. According to data from TradingPlatforms.com, shared with Ci, 80.7% of US… Read More

June 3, 2021 @ 11:57 pm By Omar Faridi  |  

UK-based Blend Network, a peer to peer lending platform, revealed on Monday (June 1, 2021) that it funded its “largest-ever” project to date, a £5,630,000 Gross Development Value (GDV) project based in Dorset. As mentioned in a note shared with Crowdfund Insider, Blend Network “agreed… Read More

June 3, 2021 @ 9:21 pm By Samantha Hurst  |  

  BitcoinPoint, a UK-based Bitcoin buying platform, has successfully secured more than £300,000 through its equity crowdfunding campaign on Crowdcube. The funding round, which launched last month, quickly surpassed its initial £100,000 and has attracted nearly 940 Crowdcube investors. As previously reported, BitcoinPoint stated that its in-house software… Read More

June 3, 2021 @ 9:06 pm By Samantha Hurst  |  

  Zoom Food Group, a UK-based food delivery service, is set to close its equity crowdfunding campaign on Seedrs with nearly £600,000 raised. The funding round, which originally sought to secure £200,000, has attracted over 300 Seedrs investors. Founded in 2017, Zoom describes itself as a bootstrapped, disruptive… Read More

June 3, 2021 @ 7:36 am By Omar Faridi  |  

Sentinels, the Dutch company behind an AI-enhanced transaction monitoring system, has secured €5.7 million through a seed funding round. As explained on the company’s website: “Sentinels optimizes your existing anti-money laundering and transaction monitoring processes at the root by generating real-time actionable client insights. Your… Read More

June 2, 2021 @ 11:27 pm By Omar Faridi  |  

Carrousel Digital, the London-headquartered financial boutique, and its partner, Paris-based Marbeuf Conseil et Recherche, the digital security developer, have introduced Moneytak, a system that supports the transfer of funds or documents between two digital objects without needing a connection to a server when the transaction… Read More

June 2, 2021 @ 11:07 pm By JD Alois  |  

LendInvest, a top property finance platform, has announced several changes to its Buy-to-Let (BTL) suite, including the launch of new pay rate products and a repricing of its standard BTL range and Small HMO’s.  According to a note from the company, LendInvest has introduced two… Read More

June 2, 2021 @ 10:21 am By Omar Faridi  |  

Mark Skehill has reportedly been hired as Enterprise Sales Manager – UK and Western Europe at ECOMMPAY, a global payment service platform and also a direct bank card acquirer with its own Fintech solutions. Mark Skehill has been recruited as part of ongoing growth for… Read More

June 2, 2021 @ 8:16 am By Samantha Hurst  |  

  Divido, a UK-based buy now pay later platform, announced on Wednesday it secured $30 million through its Series B funding round, which was led by HSBC and ING with participation from Sony Innovation Fund by IGV, SBI Investment, OCS, Global Brand, DG Daiwa Ventures,… Read More

June 2, 2021 @ 7:57 am By JD Alois  |  

Revolut Business has added Clear Books accounting software integration. New subscribers to the service will receive a  discount off of the software. Revolut states that the integration is part of its Open Banking framework with the functionality embed into the application. Revolut says the booming… Read More

June 2, 2021 @ 7:47 am By Omar Faridi  |  

UK-based digital bank Starling has been accredited by the British Business Bank as a lender under the government-backed Recovery Loan Scheme (RLS), which is the successor to the Coronavirus Business Interruption Loan Scheme (CBILS). Starling had previously been approved as a lender under the initial… Read More

June 1, 2021 @ 11:07 pm By Omar Faridi  |  

Ikigai, an established wealth management and banking app for affluent Millennials, has secured nearly £2 million in capital through a crowdfunding campaign via CrowdCube. The funds raised will be used to accelerate ikigai’s product roadmap and enhance its technology team. The total funds secured equates… Read More

June 1, 2021 @ 10:20 pm By Omar Faridi  |  

UK-based Fintech firm Wise (formerly doing business as TransferWise) has introduced remittance services in India, as the company looks to expand its operations globally with a new office in Mumbai. This move by London-headquartered Wise has come after the company began supporting Google Pay users… Read More