Tagged: united kingdom

April 22, 2021 @ 9:13 am By JD Alois  |  

UK bank NatWest is saying no to crypto. According to a report, business users that accept crypto, like Bitcoin, may be refused access to the bank’s services. As reported by the Guardian, NatWest BoardMember Morten Friis, who is head of the Risk Committee, explained during… Read More

April 22, 2021 @ 7:58 am By Omar Faridi  |  

London-based Currencycloud, a provider of B2B embedded cross-border solutions, published a blog post earlier this month that explained how embedded finance works and integrates with the financial system. The Co-founders of HUBUC (CEO Hasan Nawaz and COO Ignacio Javierre), which reportedly uses Currencycloud APIs, provided… Read More

April 22, 2021 @ 7:56 am By Omar Faridi  |  

While attending a recently-held panel session for this year’s UK Fintech Week , moderator Kristy Duncan, CEO at Women in Payments, acknowledged that the United Kingdom and the European Union could potentially benefit from an updated regulatory framework that supports innovative projects and competition. As… Read More

April 21, 2021 @ 10:51 pm By Omar Faridi  |  

The UK’s Financial Conduct Authority (FCA) has appointed Sacha Sadan to serve as its Director of Environment, Social and Governance (ESG). Ian Alderton has been appointed by the financial regulator as Chief Information Officer while Ian Phoenix will work as Director, Intelligence and Digital. Nikhil… Read More

April 21, 2021 @ 9:41 pm By Omar Faridi  |  

Clearbanc, a leading digital commerce investor and the company “revolutionizing the way founders grow their businesses,” revealed on Tuesday (April 20, 2021) that it will be rebranding. The company also announced a $100 million in new Series C equity funding to support its ongoing growth… Read More

April 21, 2021 @ 9:38 pm By Omar Faridi  |  

Global enterprise software company R3’s Development Fund has reportedy reached the milestone of $10 million in capital deployed “across over 30 investments in more than 20 of the most promising early-stage blockchain and confidential computing companies,” according to a release shared with CI. As noted… Read More

April 21, 2021 @ 8:54 am By JD Alois  |  

Nikhil Rathi, Chief Executive of the UK Financial Conduct Authority (FCA), delivered a speech yesterday during a presentation at UK Fintech Week. Entitled, Levelling the playing field – Rathi provided perspective on innovation in financial services. He said that in 2019, Fintech revenue rose to… Read More

April 21, 2021 @ 8:27 am By Omar Faridi  |  

UK-based 3s.money, a startup that assists corporates with accepting and managing their bank transfers in foreign markets, has reached a £40 million valuation following a £3 million Series B round that was led by TMT Investments. As stated on 3s.money’s website: “3S Money is a… Read More

April 21, 2021 @ 8:19 am By Omar Faridi  |  

OakNorth has reportedly entered into software deals with US banking institutions Capital One and Fifth Third, according to a report from BI. OakNorth has managed to onboard two new clients for its credit intelligence product offering. Capital One and Fifth Third Bank will be using… Read More

April 21, 2021 @ 12:37 am By Omar Faridi  |  

UK-based Fintech Payhawk, a company focused on developing the “financial system of tomorrow” that combines credit cards, payments, and expenses into “one experience,” has revealed that they’ve closed a $20 million Series A financing round. The firm’s management noted on April 20, 2021, that this… Read More

April 20, 2021 @ 11:47 pm By Omar Faridi  |  

London-based Clear Junction, a global payments solution provider, revealed on Tuesday (April 20, 2021) that it’s offering banking and payments solutions to Turicum Private Bank, with a key focus on handling real-time payments in GBP and EUR. Turicum Private Bank is a privately-owned banking institution… Read More

April 20, 2021 @ 11:37 pm By Omar Faridi  |  

UK-based digital banking challenger Starling‘s CEO Anne Boden has revealed that the Fintech Unicorn is now well-positioned to acquire another lender. Boden also noted that there’s not a significant requirement for technology visas since the UK has the required talent. Starling, which has strategic funding… Read More

April 20, 2021 @ 8:55 am By JD Alois  |  

Folk2Folk, a peer-to-peer lender serving UK SMEs, is reporting a big start to the new tax year for its Innovative Finance ISA (IFISA). According to the company, the first week of the new 2021/22 tax year saw a 200% increase in ISA inflows compared to… Read More

April 20, 2021 @ 7:35 am By Omar Faridi  |  

James Butterfill, Investment Strategist at London-based CoinShares, a digital asset manager focused on expanding access to the cryptocurrency ecosystem while serving as a “trusted partner” for its clients, notes in a blog post published on Monday (April 19, 2021) that inflows into digital asset investment… Read More

April 20, 2021 @ 7:33 am By Omar Faridi  |  

London-based Credit Kudos, the challenger credit reference agency and Open Banking solution provider, revealed on Tuesday (April 20, 2021) that it has been chosen as the Open Banking provider for Curve, the Fintech company that aims to bring your cards into one smart card and… Read More

April 20, 2021 @ 7:28 am By Omar Faridi  |  

London-based Fintech FintechOS, which aims to empower banks and insurers to become “future-ready,” revealed on Tuesday (April 20, 2021) that it has secured $60 million in capital through a Series B round that was led by Draper Esprit. FintechOS’ management noted: “FintechOS the global technology… Read More

April 19, 2021 @ 3:25 pm By Samantha Hurst  |  

  Less than two years after raising more than £1.2 million through its previous Seedrs campaign, Much Better Adventures, a UK-based traveling platform, has returned to the equity crowdfunding platform and has quickly surpassed its £800,000 funding target. The funding round has already attracted nearly 725 Seedrs… Read More

April 19, 2021 @ 9:24 am By Samantha Hurst  |  

  White Peak Distillery, a distillery based in the Peak District region, has raised more than £1.14 million through its equity crowdfunding campaign on Crowdcube. The funding round, which originally sought to raise £500,000, has so far attracted nearly 800 Crowdcube investors. Founded in 2016, White Peak Distillery… Read More

April 19, 2021 @ 9:00 am By JD Alois  |  

The West Midlands has joined the Innovate Finance Fintech National Network, the UK’s first network connecting Fintech hubs and supporting nationwide financial innovation. The West Midlands has been championing its region for some time promoting it as a viable and less expensive to the greater… Read More

April 19, 2021 @ 8:00 am By Omar Faridi  |  

The Buy Now, Pay Later or BNPL industry continues to receive substantial investments with UK-based BNPL Zilch securing $80 million in capital at a $500 million valuation. Zilch launched its services in beta mode back in 2019. The company was planning to distinguish itself from… Read More