Tagged: united kingdom

April 1, 2021 @ 10:06 pm By Samantha Hurst  |  

Infinity Circle, a UK-based digital wealth creation fintech platform, has successfully surpassed its initial £300,000 through its equity crowdfunding campaign on Seedrs. The funding round, which launched in February, has attracted more than 175 Seedrs investors so far.  As previously reported, Infinity Circle is set to provide… Read More

April 1, 2021 @ 1:50 pm By Samantha Hurst  |  

  Barclays announced on Thursday the launch of a suite of new products for BARX FX, which further enhances its electronic capabilities and strengthens its FX offerings for clients. The suite of new products marks the banking group’s latest milestone in enhancing its electronic trading… Read More

April 1, 2021 @ 8:14 am By Omar Faridi  |  

UK’s PensionBee, an online pension provider, has submitted a confirmation statement with the London Stock Exchange (LSE), which states that the firm’s listing is expected to take place next month. The filing indicates that PensionBee plans to secure £55 million in capital as part of… Read More

April 1, 2021 @ 8:09 am By Omar Faridi  |  

The Payments Systems Regulator (PSR) in the UK stated on March 31, 2021 that it “provisionally” finds five firms violated the law by “engaging in cartel behavior” in the pre-paid cards market. As stated in a release, three out of five parties actually admitted liability… Read More

March 31, 2021 @ 11:46 pm By JD Alois  |  

ikigai, a UK-based Fintech that combines banking and wealth management, will raise capital on Crowdcube. The securities offering is expected to go-live in mid-April. Having already raised a pre-seed round of £2 million, ikigai plans to be the first UK Fintech to integrate banking and… Read More

March 31, 2021 @ 11:10 pm By JD Alois  |  

The United Kingdom is looking to regulate the fast emerging stablecoin market before it addresses the broader crypto-asset sector, according to a report by Reuters. Citing John Glen, MP, Economic Secretary to the Treasury, who was speaking at a conference, the report indicated concern about… Read More

March 31, 2021 @ 10:17 pm By Omar Faridi  |  

The developers of Clever DeFi (CLVA), a crypto token that claims to offer 307% returns during the first year and 445% during the second year, state that they’re the first “pure-DeFi” initiative  with “zero team tokens and complete decentralization.” Clever DeFi also claims that it’s… Read More

March 31, 2021 @ 1:39 pm By Samantha Hurst  |  

Monva, a UK-based intelligent comparison platform for financial products and services, has surpassed its initial  £200,000 funding target through its latest equity crowdfunding campaign on Crowdcube. The company launched the funding round earlier this month and has so far attracted more than 380 Crowdcube investors.  As previously… Read More

March 31, 2021 @ 8:53 am By Omar Faridi  |  

European Fintech firm iwoca has released a new index on the SME lending landscape. As noted in a blog post by iwoca, the company’s “SME Expert Index” is described as “an exclusive” index that includes UK brokers which “gives specialist insight on the health of… Read More

March 31, 2021 @ 7:45 am By Omar Faridi  |  

UK-based Fintech firm Monavate says it’s focused on rapidly expanding its operations after securing £5 million through a seed funding round. Cambridge-based Monavate offers a “new-to-market” payment solution. The company confirmed in a release that it has managed to acquire funding from a “major” US… Read More

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