Tagged: united kingdom

April 19, 2021 @ 7:06 am By Omar Faridi  |  

  Starling, a leading UK-based digital bank, revealed on Monday (April 19, 2021) that it has received a £50 million investment from Goldman Sachs Growth Equity. The latest investment is reportedly an extension of the digital bank’s oversubscribed £272 million Series D investment round that… Read More

April 18, 2021 @ 11:00 pm By Omar Faridi  |  

We recently connected with Danial Daychopan, CEO and Founder of UK-based Plutus, a financial services provider that aims to bridge the gap between traditional fiat currencies and “upcoming” cryptocurrencies. Plutus says it offers the “best of both worlds,” which includes centralized fiat and non-custodial crypto,… Read More

April 18, 2021 @ 7:37 pm By Omar Faridi  |  

The founder of digital banking challenger Revolut is reportedly planning a new round of funding that could value the Fintech at over £7.2 billion (appr. $10 billion). Sky News reports that the digital bank may be looking to work with  FT Partners, the US-headquartered Fintech-focused… Read More

April 18, 2021 @ 6:47 pm By Omar Faridi  |  

MENA region startups secured $170 million in capital during March 2021, which is reportedly a 6% increase month-over-month, across 43 different deals, according to local sources. This notably takes the total funds raised during Q1 2021 to $396 million across 125 different deals, which is… Read More

April 16, 2021 @ 10:15 pm By Samantha Hurst  |  

    Transcard, a U.S.-based digital payments platform, announced on Friday the launch of its business entity in the UK. Founded in 2012, Transcard describes itself as a SaaS funds disbursement and management platform that takes regulatory, time and cost burdens off payers while providing payees… Read More

April 16, 2021 @ 8:29 am By Samantha Hurst  |  

  UK banking group NatWest announced on Thursday the relaunch of its Enterprise program to boost support for scale-up businesses along with climate, fintech, and B-Corp-focused businesses. NatWest revealed that the relaunch follows recent findings from the bank’s report into SME recovery in the UK,… Read More

April 16, 2021 @ 8:16 am By Omar Faridi  |  

Lloyd’s Lab has announced its sixth cohort with a special focus on “product simplification” and climate. Lloyd’s revealed on April 15, 2021 that the next eleven insurance technology (Insurtech) startups joining the sixth cohort of the Lloyd’s Lab innovation accelerator program will aim to develop… Read More

April 16, 2021 @ 12:37 am By Omar Faridi  |  

Ten of the United Kingdom’s leading Fintech companies are now working with Big Four auditing firm PwC in order to showcase how the future of banking will focus on both collaboration and innovation, along with greater personalization. After 3 years of ongoing development, the 10… Read More

April 16, 2021 @ 12:01 am By Samantha Hurst  |  

  Credit Karma announced on Friday it has partnered with Bud in a move to provide Open Banking access and smarter services to its members in the UK. Credit Karma reported it provides customers in the UK with one of the most advanced and personalized… Read More

April 15, 2021 @ 11:56 pm By Omar Faridi  |  

UK’s prime property finance platform CapitalRise has advanced a £2.5 million loan to fund a new development based in southwest London, according to a recent blog post by CapitalRise. The company – which has revealed that it had lent over £100 million to luxury property… Read More

April 15, 2021 @ 1:49 pm By Samantha Hurst  |  

  ShareVision, a UK-based live streaming platform specifically for trading, economics, and finance, has raised nearly £375,000 through its equity crowdfunding campaign on Seedrs. Founded in 2020, ShareVision is providing a “level of access” to traders, economists, and financiers that it claims has not been seen before. “Our… Read More

April 14, 2021 @ 2:42 pm By Samantha Hurst  |  

Stepladder, a UK-based fintech focused on first-time home-buying, is now seeking £125,000 through its equity crowdfunding campaign on Seedrs. Stepladder is on a mission to help first-time buyers raise money for their homes. “We are a dynamic, collaborative, diverse, and passionate team who are helping people achieve the… Read More

April 13, 2021 @ 11:47 pm By JD Alois  |  

In a significant endorsement of the city, Goldman Sachs (NYSE:GS) has opened an office in Birmingham, UK – a community that has been promoting itself as an alternative to super pricey London. Goldman Sachs stated that Birmingham offers access to a deep talent pool, excellent… Read More

April 13, 2021 @ 4:34 pm By Omar Faridi  |  

HSBC (NYSE: HSBC) is reportedly preventing its clients from purchasing shares of MicroStrategy (NASD:MSTR), a company that has been actively acquiring Bitcoin (BTC) as part of its efforts to increase the value of its corporate treasury. HSBC stated that it would not be facilitating the… Read More

April 13, 2021 @ 9:51 am By JD Alois  |  

Marketplace lending platform Assetz Capital is looking to boost loan originations in 2021 with a new bridge loan product. According to the Fintech, the lending product will have a 0.65% interest rate for bridge loans from £150,000 to £5 million with LTVs to 75% and terms… Read More

April 13, 2021 @ 7:57 am By Omar Faridi  |  

Modulr, a Payments as a Service API Platform for digital businesses, has revealed that it received a strategic investment from the venture division of FIS. FIS intends to leverage Modulr‘s API-enabled payments infrastructure to carry out and automate real-time, B2B payments in the UK and… Read More

April 13, 2021 @ 7:51 am By Omar Faridi  |  

The United Kingdom and India may be considered global leaders when it comes to adopting the latest financial technologies which aim to benefit both individuals and businesses, according to Alderman William Russell, the Lord Mayor of the City of London. Fintech is transforming the traditional… Read More

April 12, 2021 @ 2:29 pm By Samantha Hurst  |  

  Metro Bank announced on Monday it has launched the first set of RateSetter-powered personal loans through its banking branches. Aach of the new loan applications will be assessed and arranged by using RateSetter’s lending technology. Those who qualify for the loans may borrow between… Read More

April 12, 2021 @ 10:37 am By JD Alois  |  

Monva, Fintech that is seeking to provide a price comparison marketplace targeting credit cards and loans, and energy switching, has doubled is crowdfunding goal on Crowdcube raising over £450,000. According to the offering page, Monva enticed 598 investors in its equity offering at a pre-money… Read More

April 12, 2021 @ 8:04 am By Omar Faridi  |  

As it prepares to introduce services in Sweden, Freetrade, a commission-free trading app that’s regulated by the UK Financial Conduct Authority (FCA), has hired Karl Broomé to serve as ts MD to oversee the market activities. Broomé has joined Freetrade after having worked previously in… Read More