Tagged: united kingdom

April 8, 2021 @ 8:45 am By JD Alois  |  

Railsbank, a Banking-as-a-Service (BaaS) platform, has reunited the Currencycloud team to boost the growth of their services. In a release, Railsbank said it has appointed John Hammond, previously CCO at Currencycloud as its new CCO to drive the platform’s international expansion. Hammond will join his… Read More

April 8, 2021 @ 8:22 am By JD Alois  |  

Publicly traded VC firm Draper Esprit (LSE: GROW, Euronext Growth: GRW), has distributed an update on recent developments in its portfolio in advance of full year reporting for the year. Draper noted that it will provide a full year trading update on April 26, 2021,… Read More

April 8, 2021 @ 7:38 am By Omar Faridi  |  

UK’s Buy Now, Pay Later (BNPL) Fintech firm Zilch is introducing a “tap and pay-over-time” solution that allows consumers to carry out in-store payments with a wave of their online or digital wallet, with the cost of their purchase spread over a manageable 6-week time… Read More

April 8, 2021 @ 6:48 am By JD Alois  |  

Proptech platform LendInvest has announced the promotion of Jan Gallagher from Business Development Manager to Key Account Manager for LendInvest. According to LendInvest, Gallagher joined LendInvest as a Business Development Manager in 2019 with over 30 year’s experience to source deals across the North West… Read More

April 7, 2021 @ 11:09 pm By Omar Faridi  |  

A Fintech-related business could create over 40 new jobs in Newcastle after a recent £1.6 million fundraise. As first reported by Bdaily News, a North East based Fintech firm has revealed that it’s now focused on creating around 40 new roles after acquiring £1.6m via… Read More

April 7, 2021 @ 10:08 pm By Omar Faridi  |  

Six early investors in UK stock trading app Freetrade have seen their stakes in the firm surge to be valued at around £1 million after the business saw its valuation increase to over £265 million, according to a report in the Telegraph. The reported returns… Read More

April 7, 2021 @ 7:00 pm By Omar Faridi  |  

Digital assets firm Gemini says that their international footprint “reflects crypto’s global reach.” As the company continues to expand its business operations, they are increasingly supporting “a range of clients around the world,” the Gemini team notes in an April 7, 2021 blog post. The… Read More

April 7, 2021 @ 10:19 am By JD Alois  |  

Charlotte Crosswell, the CEO of Innovate Finance, has announced she will step down from her position on May 1, 2021. Janine Hirt, Innovate Finance’s Chief Operating Officer will become interim CEO at that time. Crosswell has led the Fintech advocacy group since 2017 playing a… Read More

April 6, 2021 @ 4:29 pm By JD Alois  |  

Coming off the revelation that the UK Competition and Markets Authority (CMA) was not inclined to approve the merger between Seedrs and Crowdcube, Seedrs co-founder and Chairman Jeff Lynn was recently interviewed by the FT. Speaking with the broadsheet, Lynn “warned that the UK competition… Read More

April 6, 2021 @ 2:27 pm By Samantha Hurst  |  

  Yeo Messaging, a UK-based next-generation communication platform, has successfully secured its initial £500,000 funding target through its equity crowdfunding campaign on Seedrs.  Founded in 2017, YEO states its solution is for private messaging connecting businesses and people. “Our patented continuous facial recognition requires users’ ID as… Read More

April 6, 2021 @ 8:47 am By JD Alois  |  

While the Seedrs – Crowdcube merger may have been canceled due to the opposition of government authorities, the UK crowdfunding appears to be zooming along just fine – in spite of the ongoing COVID-19 health crisis (or perhaps boosted by it).  According to a research… Read More

April 6, 2021 @ 1:00 am By JD Alois  |  

The Recovery Loan Scheme is now open for application. Administered by the British Business Bank, this is a new scheme to support access to finance for UK businesses as they turn the corner on the COVID-19 health crisis. The scheme, announced at the Budget on… Read More

April 4, 2021 @ 11:17 pm By Samantha Hurst  |  

  Monva, a UK-based intelligent comparison platform for financial products and services, is set to close its latest equity crowdfunding campaign on Crowdcube with more than £335,000 secured from nearly 450 Crowdcube investors.  As previously reported, Monva is on a mission to “reimagine” how everyone compares and… Read More

April 4, 2021 @ 11:10 pm By Samantha Hurst  |  

TheCarCrowd, a UK-based “passion asset” investment platform for cars, has successfully secured its initial £200,000 funding target through its equity crowdfunding campaign on Seedrs. The funding round has so far attracted nearly 100 Seedrs investors. Founded in 2019, TheCarCrowd claims it is building the UK’s… Read More

April 4, 2021 @ 10:55 pm By Omar Faridi  |  

Monzo, a UK-based digital bank that recently raised £50 million as part of a Series G extension, reveals that it has a new special offer, “exclusively for Monzo Plus & Premium customers.” The Monzo team writes in a blog post that they know you are… Read More

April 4, 2021 @ 10:54 pm By Omar Faridi  |  

Digital banking challenger Revolut notes that whether you are just opening your doors to clients, growing a company or investing in a new initiative, let’s “launch into action” during this spring season. Revolut writes in a blog post that Revolut‘s virtual and physical debit cards… Read More

April 4, 2021 @ 5:18 pm By Omar Faridi  |  

Modulr, a Payments as a Service API Platform for digital businesses, has shared insights on how Fintech firms can “harness the power” of cryptocurrency. Gavin Waddell from Modulr writes in a blog post that digital currencies have “shaken up” the financial world. Innovation is “the… Read More

April 3, 2021 @ 9:37 pm By Omar Faridi  |  

Astorya.io, which aims to serve as the search engine for Insurance and Banking technologies, has published a blog post, titled InsurTech Europe: 10 Years Of InsurTech In Europe Analyzed Through 800+ Startups (based on data from astorya.io). While discussing how InsurTech startups are gaining considerable… Read More

April 3, 2021 @ 8:34 pm By Omar Faridi  |  

The team at UK-based Blend Network, an online P2P lender, notes that after a “short-lived” slowdown, the United Kingdom annual house price growth managed to recover with “renewed vigor” in February 2021. Blend Network writes in a blog post that January 2021 saw price growth… Read More

April 2, 2021 @ 7:48 am By Omar Faridi  |  

LendInvest has teamed up with Credit Kudos in order to improve the underwriting process via Open Banking. Through the partnership, LendInvest and Credit Kudos will aim to provide brokers and clients a more accessible and secure service. The initiative also aims to enable LendInvest with… Read More