Tagged: united kingdom

March 30, 2021 @ 11:29 pm By JD Alois  |  

Crown Agents Bank, a UK regulated provider of wholesale FX and cross-border payment services, has launched EMpower Payments, a payments gateway for cross-border transactions into emerging markets. According to Crown Agents Bank, the API-enabled solution allows its customers, including governments, international development organisations, and financial… Read More

March 30, 2021 @ 9:32 pm By Omar Faridi  |  

The team at Blockchain.com, a leading crypto wallet provider, trading platform and block explorer service that recently acquired an additional $300 million in capital, notes that in the crypto space, “one month can feel like an entire quarter — a lot happens.” Blockchain.com points out… Read More

March 30, 2021 @ 1:37 pm By Samantha Hurst  |  

Butter, a UK-based Buy Now Pay Later (BNPL) platform, announced on Tuesday it secured £15.8 million through its latest investment round, which saw participation from BCI Finance, the credit arm of London based venture builder Blenheim Chalcot, as well as a number of other private Angel… Read More

March 30, 2021 @ 8:12 am By JD Alois  |  

LendInvest, a digital platform for property finance, has appointed top UK law firm Blacks Solicitors to its legal panel for its Buy-to-Let product.  Blacks Solicitors specializes in providing legal advice to owners, landlords, lenders, and tenants of commercial and residential properties. Blacks will join four… Read More

March 30, 2021 @ 8:04 am By Omar Faridi  |  

Ireland’s P2P lending platform, Linked Finance, recently welcomed the government’s extension of its €2 billion credit guarantee scheme. The Linked Finance team also confirmed that it has issued €7 million in loans through the scheme (to date). Linked Finance is proud to have provided over… Read More

March 30, 2021 @ 8:00 am By JD Alois  |  

Folk2Folk, a unique peer-to-peer lender serving SMEs that operates multiple physical locations, has announced it expects to turn a seven-figure profit for its 2020 financial year. According to Folk2Folk, the anticipated profit of around £1 million is a significant increase from the company’s pre-tax profit… Read More

March 29, 2021 @ 11:06 am By Omar Faridi  |  

Property finance marketplace LendInvest has published a blog post in which it’s requesting people to support the company in certain Buy-to-Let, Bridging and Development Awards. LendInvest notes that it’s a busy award season in property lending. Like most years LendInvest has been recognized for its… Read More

March 28, 2021 @ 7:48 pm By JD Alois  |  

In a Tweet last Friday, Seedrs reported a big investment day for the platform where Passion Capital raised “over £2 million” in a couple of hours and MacRebur raised £1.6 million on Thursday. Seedrs said the first quarter of 2021 had been great. The comments… Read More

March 26, 2021 @ 9:35 pm By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) has announced that the U.S. District Court for the Southern District of New York entered a default judgment against Benjamin Reynolds, of Manchester, England. According to the judgment, Reynolds operated a fraudulent scheme to solicit Bitcoin from members of… Read More

March 26, 2021 @ 9:07 am By JD Alois  |  

The UK Competition and Markets Authority (CMA) has publicly acknowledged the decision by Crowdcube and Seedrs to abandon the proposed merger of the two venture financing platforms. This past week, the CMA announced it had provisionally decided not to allow the merger to be consecrated…. Read More

March 26, 2021 @ 8:28 am By Omar Faridi  |  

Digital banking challenger Revolut confirms that Revolut Business is now live in the United States. Elizabeth McGrath from Revolut writes in a blog post that Revolut Business is available in all 50 US states, as of March 25, 2021. McGrath explains that Revolut Business “gives… Read More

March 25, 2021 @ 10:25 pm By Omar Faridi  |  

The team at PaymentComponents, a UK-based firm that’s empowering Open Banking with agile PSD2 and API frameworks (developing solutions for banks, corporates, and developers including BaaS while supporting Fintech payments), notes that Open Banking could translate into additional revenue streams for financial institutions and other… Read More

March 25, 2021 @ 10:02 pm By Samantha Hurst  |  

  Swipii, a Scotland-based marketing tool for local businesses, has successfully surpassed its initial £750,000 funding target through its equity crowdfunding campaign on Crowdcube. Founded in 2014, Swipii states it brings shippers the “simplest way” to save money when they shop locally while providing retailers with an automated… Read More

March 25, 2021 @ 9:35 am By JD Alois  |  

Yesterday it was reported that the UK Competition and Markets Authority (CMA) had provisionally decided to not allow the merger between Seedrs and Crowdcube. The two securities crowdfunding platforms combined were seen as dominating online capital formation for early-stage ventures to the point it would… Read More

March 24, 2021 @ 3:50 pm By Samantha Hurst  |  

Sugi, a UK-based green investment mobile app, is set to close its equity crowdfunding campaign on Crowdcube with more than £385,000 raised. The funding round, which originally sought to raise £350,000 has attracted 275 Crowdcube investors. Sugi is now offering 3.62% in equity at a £9.5 million… Read More

March 24, 2021 @ 9:36 am By Samantha Hurst  |  

      Digital payments platform Wirex announced on Wednesday it is temporarily pausing to recruit new UK customers. According to Wirex, the temporary pause follows constructive dialogue with UK regulator, the Financial Conduct Authority (FCA). Wirex further revealed that as part of the pause, it… Read More

March 24, 2021 @ 8:51 am By JD Alois  |  

Property investment platform Brickowner reports that individual investors are poised to invest, on average £37,000 into property according to an in-house survey. Brickowner allows investors to invest in commercial and residential property for as low as £500. Investors purchase shares in a Nominee that then… Read More

March 24, 2021 @ 8:11 am By Omar Faridi  |  

Lending platform RateSetter explains that a debt consolidation loan might be a good or suitable way to make managing your funds easier by “rolling your existing borrowing into one simple monthly payment.” RateSetter, which was once a leading P2P lender that has now sold its… Read More

March 23, 2021 @ 9:11 am By JD Alois  |  

WiseAlpha, a digital bond investing platform, shares that its Bond Academy education platform has launched on the Open University. Regulated by the UK Financial Conduct Authority, WiseAlpha is an online investment platform that makes corporate bonds available to private investors at affordable sizes, via its… Read More

March 23, 2021 @ 8:45 am By JD Alois  |  

Property investment marketplace CrowdProperty has hired Rupert Lowe MRICS as Business Development Manager. Lowe joins alongside five other CrowdProperty appointments so far in 2021 and a total of 21 new appointments in the past 12 months since lockdown 1.0 began. CrowdProperty states that significant growth… Read More