Tagged: united kingdom

March 3, 2021 @ 9:54 pm By Omar Faridi  |  

Forward Financing, a Fintech firm that aims to offer “flexible” and revenue-based financing to SMBs, revealed recently that it has provided $1 billion in funding since its inception back in 2012. According to Forward Financing, the majority of this funding has been allocated towards  “underserved”… Read More

March 3, 2021 @ 3:40 pm By Samantha Hurst  |  

    Scribestar, a UK-based SaaS platform that digitises and automates the documentation and compliance processes required for raising capital on stock markets, has successfully secured its initial £500,000 funding target through its equity crowdfunding campaign on Crowdcube. Founded in 2010, Scribestar claims its platform is… Read More

March 3, 2021 @ 2:43 pm By JD Alois  |  

Earlier today, Chancellor of the Exchequer Rishi Sunak presented the budget for 2021. Obviously, the government policy on spending comes at a difficult time as COVID-19 is still very much with us yet glimmers of relief are showing as the vaccine takes hold. The Chancellor… Read More

March 3, 2021 @ 11:13 am By Samantha Hurst  |  

    Paynetics, a UK-based payment service enabler, announced on Wednesday it has formed a partnership with promotional campaign firm Benamic to develop its mobile first, digital corporate card program. Paynetics reported that the new app solution, with a rewards engine and Apple Pay and… Read More

March 3, 2021 @ 9:03 am By Omar Faridi  |  

Peer to peer business lender ArchOver notes that it’s “wonderfully ironic” when Michael Burry, who had been played by actor Christian Bale in the Big Short, tells us that the GameStop antics are “unnatural, insane and dangerous.” Bale also noted that there must be “legal… Read More

March 3, 2021 @ 7:53 am By Omar Faridi  |  

UK-based Folk2Folk, a P2P lender supporting local and rural businesses, notes that “shifting sands” within the peer to peer sector have left some retail investors “high and dry.” Folk2Folk reveals that some retail investors have been “abandoned” in favor of institutional investors. There have also… Read More

March 3, 2021 @ 7:50 am By Omar Faridi  |  

Online lender Funding Circle (LSE:FCH) recently noted in blog to its small business customers what the roadmap out of the COVID-19 lockdown means for small businesses. On February 22, 2021, the UK government announced its “highly anticipated” four-phase roadmap out of the Coronavirus-related lockdown —… Read More

March 2, 2021 @ 11:45 pm By Omar Faridi  |  

Banking software firm Temenos (SIX: TEMN) has released a report, titled “Open Banking: Revolution or Evolution?”, which was authored by the Economist Intelligence Unit (EIU) and it’s also based on a survey of more than 300 senior banking professionals. The report revealed that almost half… Read More

March 2, 2021 @ 11:32 pm By JD Alois  |  

UK Finance has published a proposal for a “new service company” that will support the UK’s open banking infrastructure, according to a public statement. UK Finance is described as the collective voice for the banking and finance industry representing over 250 firms in the UK…. Read More

March 2, 2021 @ 9:59 pm By Omar Faridi  |  

The team at Blockchain.com, a leading crypto wallet provider, trading platform, and block explorer service, has welcomed Lane Kasselman as the company’s first Chief Business Officer. Peter Smith, the CEO and Co-founder at Blockchain.com, says he’s pleased to welcome Lane Kasselman – who will now… Read More

March 1, 2021 @ 10:55 pm By Omar Faridi  |  

Buy Now, Pay Later or BNPL adoption is on track to grow significantly in the next few years with the Asia-Pacific region being one of the main drivers. A study performed by Coherent Market Insights reveals that the international BNPL market had been valued at… Read More

March 1, 2021 @ 2:58 pm By Samantha Hurst  |  

Together Price, a European sharing network, is set to close its equity crowdfunding campaign on Crowdcube with nearly €540,000 raised. The funding round launched last month originally seeking €200,000 and has so far attracted 2355 Crowdcube investors. Founded in 2017, Together Price describes itself as a digital identity… Read More

March 1, 2021 @ 8:41 am By Omar Faridi  |  

Property finance platform LendInvest notes that supporting Limited Company Buy-to-Let clients is one of their “specialties,” with criteria tailored to support professional and portfolio landlords to “get the most out of our product range.” At LendInvest’s recently-held 2021 Broker Kick Off Event, their expert BDM… Read More

March 1, 2021 @ 8:13 am By Omar Faridi  |  

Online peer-to-peer lender Blend Network notes that the UK was the world’s first country to authorize and begin administering the Pfizer/BioNTech vaccine on December 8, 2020. The vaccine had been on track to immunize 15 million individuals by February 15, 2020. The immunization efforts have… Read More

February 28, 2021 @ 11:57 pm By Omar Faridi  |  

Currencycloud, a cross-border payment platform, notes in a blog post that UK businesses have been struggling to deal with various issues ever since the country voted in 2016 to leave the European Union (EU). While the agreement reached between the United Kingdom and European Union… Read More

February 28, 2021 @ 10:23 pm By Samantha Hurst  |  

  Lumio, a UK-based personal financing app, is now nearing £700,000 in funding raised through its equity crowdfunding campaign on Crowdcube. The investment round, which originally sought to raise a minimum of £250,000, has already attracted more than 870 Crowdcube investors so far. As previously reported,  Lumio describes… Read More

February 28, 2021 @ 10:14 pm By Samantha Hurst  |  

  BlockDox, a UK-based proptech, is set to close its equity crowdfunding campaign on Seedrs with nearly £400,000 raised. The funding round was launched last month, originally seeking £125,000, and has attracted more than 280 Seedrs investors. As previously reported, BlockDox describes itself as a data science… Read More

February 28, 2021 @ 7:33 pm By Omar Faridi  |  

Banking Circle, a financial infrastructure developer, notes that digitalization “dramatically accelerated” in order to address the challenges of 2020. Banking Circle writes in a blog post that having had to innovate (and fast) due to the socioeconomic challenges created by COVID-19, banking institutions are now… Read More

February 28, 2021 @ 5:12 pm By Omar Faridi  |  

UK-based peer-to-peer (P2P) lender JustUs says it aims to “disrupt” the lending landscape and become an established provider of crowdfunded financial products for consumers with the JustUs ISA. To undertake Peoples Mortgages, JustUs noted that it will be “required to gain regulatory approval which is… Read More

February 27, 2021 @ 4:13 pm By JD Alois  |  

Property finance platform LendInvest has announced Strategic Partners for 2021 with 35 broker firms joining the program.  LendInvest explains that they recognize key broker firms as those that submit a high level of consistent business to LendInvest. Strategic Partners may access dedicated staff to service… Read More