Tagged: united kingdom

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

March 23, 2021 @ 8:29 am By JD Alois  |  

Freetrade, a commission-free trading app that is regulated by the UK Financial Conduct Authority (FCA) has raised a $69 million Series B funding round led by Left Lane Capital. The valuation was not disclosed. Draper Esprit and L Catterton also participated in the round. Freetrade… Read More

March 22, 2021 @ 1:42 pm By Samantha Hurst  |  

  Loanpad, a UK-based peer-to-peer (P2P) lending platform, is set to close its equity crowdfunding campaign on Seedrs with more than £420,000 raised. The funding round, which launched last month, originally sought to raise £250,000. It has so far attracted more than 360 Seedrs investors. Founded in 2015,… Read More

March 22, 2021 @ 10:33 am By JD Alois  |  

Digital bank Revolut has submitted its application to receive a national bank charter, according to a note from the company. Having launched in the US about one year ago, currently, Revolut offers banking services in partnership with Metropolitan Commercial Bank. Partnering with a chartered bank… Read More

March 22, 2021 @ 10:10 am By JD Alois  |  

Judith Hartley, CEO of British Patient Capital, believes the UK can do better in providing access to capital for younger tech firms. More specifically, as firms grow there is a need to facilitate funding sufficient to take a company to a point that it may… Read More

March 22, 2021 @ 7:57 am By Lee Schneider  |  

CryptoUK issued a clarion call to the Financial Conduct Authority (FCA), the UK financial and anti-money laundering (AML) regulator, demanding that FCA grant licenses as prescribed by AML rules.  Too many applications have gone unanswered since those rules came into effect over one year ago. … Read More

March 22, 2021 @ 7:34 am By Omar Faridi  |  

Monzo, a UK-based digital bank that recently raised £50 million as part of a Series G extension, is celebrating one-year of offering Monzo Business. One year ago, on March 17, 2020, the banking challenger had launched Monzo Business. Since that time, Monzo reveals it has… Read More

March 22, 2021 @ 7:28 am By JD Alois  |  

Zopa, a digital bank, has raised £20 million from existing investors, according to a release from the company. The Fintech said this is an indication of confidence in the initial success of its bank launch and growth of its latest products. The round was led… Read More

March 21, 2021 @ 8:30 pm By Omar Faridi  |  

UK-based digital banking challenger Starling notes that the end of the tax year is now “fast approaching.” This may be a good time to “make the most” of your tax-free allowances on Individual Savings Accounts (ISAs), the Starling team writes in a blog post. Starling… Read More

March 20, 2021 @ 1:29 pm By Omar Faridi  |  

Property finance marketplace LendInvest has published a Case Study, which outlines the process of “stepping in with a £3.6m development exit loan following Covid delays.” You may also view LendInvest’s Development Exit products and complete range of short-term lending options by visiting the company’s intermediaries… Read More

March 19, 2021 @ 3:49 pm By JD Alois  |  

English Premier League team Manchester City is working with Socios.com to launch the Manchester City $CITY Fan Token, according to a note from Chilliz – the parent company of Socios. The company says that Manchester City fans across the world will be able to use… Read More