Tagged: united kingdom

February 17, 2021 @ 10:33 pm By Omar Faridi  |  

Digital banking platform Revolut has launched a financial app that has been developed specifically for kids. The Fintech app is controlled by the child’s parent or their legal guardian so that they are able to monitor how the tools are being used. This new app… Read More

February 17, 2021 @ 3:28 pm By Samantha Hurst  |  

  Blockchain.com, a UK-based cryptocurrency wallet and exchange, announced on Wednesday it raised $120 million through its latest strategic growth investment round led by macro investors, which included include Moore Strategic Ventures (Louis Bacon), Kyle Bass, Access Industries, Rovida Advisors, Lightspeed Venture Partners, GV (aka Google Ventures), Lakestar, and Eldridge. Founded in 2011,… Read More

February 17, 2021 @ 2:31 pm By Samantha Hurst  |  

UK-based equity crowdfunding platform Crowdcube celebrated its tenth birthday on Tuesday.  As previously reported, Crowdcube describes itself as a leading equity crowdfunding platform for entrepreneurs of startups and growing businesses to connect with potential investors. The portal notably is dedicated to helping UK entrepreneurs raise funds… Read More

February 17, 2021 @ 8:27 am By Samantha Hurst  |  

PayDashboard, a UK-based interactive payslip platform, announced on Wednesday the launch of its new financial wellbeing marketplace, Moneysmart. According to PayDashboard, the marketplace smart matches consumers with a range of suitable financial products and services based on their lifestyles, attitudes to money and financial situations…. Read More

February 17, 2021 @ 8:22 am By Omar Faridi  |  

Cloud-based clearing bank ClearBank will be offering access to the United Kingdom’s Faster Payments network, allowing payments that would normally take three working days to be settled within minutes. Cloud-powered ClearBank will be teaming up with Manchester Credit Union in order to streamline digital payment… Read More

February 16, 2021 @ 3:44 pm By Samantha Hurst  |  

  Lumio, a UK-based personal financing app, has successfully surpassed its initial £250,000 funding target through its equity crowdfunding campaign on Crowdcube.  Founded in 2017, Lumio describes itself as a “intelligent financial mentor” that uses tailor-made technology grow money around the app user’s lifestyle within minutes. “Lumio… Read More

February 16, 2021 @ 11:13 am By Samantha Hurst  |  

  Percayso, a UK-based insurance intelligence provider, has successfully secured its minimum £400,000 funding target through its crowdfunding campaign on Seedrs. The funding round has so far attracted nearly 150 Seedrs investors. Founded in 2018, Percayso states its insurance intelligence goes beyond traditional data enrichment by… Read More

February 16, 2021 @ 10:33 am By Samantha Hurst  |  

  UK challenger bank Monzo announced on Monday it is asking the UK government to make are the country’s citizens may have access to gambling blocks. According to Monzo, around two million people in Britain are experiencing harm caused by gambling, which includes getting into… Read More

February 16, 2021 @ 8:37 am By JD Alois  |  

Lending-as-a-service (LaaS) platform Trade Ledger has raised £13.5 million in a Series A funding round led by Point72 Ventures – a VC firm founded by billionaire Steven Cohen. Alex Tarhini, Operating Partner at Point72 Ventures will be joining the board of the firm. Trade Ledger… Read More

February 16, 2021 @ 8:20 am By Omar Faridi  |  

iwoca, an established European small business lender, has announced its UK-first integration with leading SME platform Xero. Integrating iwocaPay – iwoca’s invoice checkout – into Xero’s platform, will “for the first time provide small businesses with a Pay Later option for their business customers,” according… Read More

February 16, 2021 @ 8:19 am By Samantha Hurst  |  

    Atom Bank, a UK-based mobile bank, announced on Tuesday it has joined forces with UK fintech Plaid  to roll out open banking services to its customers, beginning with offering small business owners a new loan application journey and speedier decisions. “Initially Plaid will… Read More

February 15, 2021 @ 9:45 pm By Omar Faridi  |  

Payments platform Adyen (AMS:ADYEN) notes that the COVID-19 outbreak has accelerated consumers’ adoption of digital platforms and services. Technically “timid” grandparents have also become a lot more comfortable with video conferencing in a post COVID world, the Adyen team writes in a blog post. People… Read More

February 15, 2021 @ 8:55 pm By Omar Faridi  |  

Digital bank Revolut notes that if you’ve set up a WooCommerce store and are accepting payments with mainstream payment gateways, then you might not be happy with the extra transaction fees. Revolut reveals that it has been working on improving this for users by offering… Read More

February 15, 2021 @ 5:46 pm By Omar Faridi  |  

Amsterdam has reportedly managed to overtake London as the largest share trading center in Europe. Industry analysts have noted that the symbolic blow may be followed by London losing many more jobs and business opportunities due to Brexit. Amsterdam, which was once the sixth-largest European… Read More

February 15, 2021 @ 9:07 am By JD Alois  |  

Last November, Hong Kong kicked off a consultation pertaining to anti-money laundering (AML) and counter finance terrorist (CFT) regulation that will impact cryptocurrency exchanges or virtual asset service providers (VASPs). The deadline for comments delivered to the Hong Kong Financial Services and the Treasury Bureau (FTSB),… Read More

February 15, 2021 @ 8:08 am By Omar Faridi  |  

The Bank of England (BoE) is getting ready for its first major break from European Union regulations with a new proposal that might make bank capital rules a lot more strict in the UK (when compared to other jurisdictions). The European Banking Authority had noted… Read More

February 15, 2021 @ 7:45 am By Samantha Hurst  |  

  STRYVE, a UK-based applicant tracking system (ATS) for small businesses provider, has successfully raised more than £380,000 through its equity crowdfunding campaign on Crowdcube. The funding round launched last month, originally seeking £280,000 in funding, and has attracted 225 Crowdcube investors. Founded in 2020,… Read More

February 14, 2021 @ 10:42 pm By Samantha Hurst  |  

  UK-based challenger bank Tide recently announced its Tide Charity has donated £175,000 to small businesses that have been impacted by the COVID-19 pandemic. According to Tide, the charity launched in November 2020 in partnership with the Daily Mail, Karren Brady, and The Federation of Small Businesses. Its mission is… Read More

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

UFODRIVE, a Luxembourg-based car rental company, is now nearing £1.7 million through its equity crowdfunding campaign on Seedrs. The funding round, which launched last month, originally set out to raise a minimum of £1.5 million and has so far attracted more than 645 Seedrs investors.  As previously… Read More

February 14, 2021 @ 8:38 pm By Omar Faridi  |  

London-based Abaka, which improves financial wellbeing by offering affordable financial advice powered by artificial intelligence (AI), notes that companies across different categories and markets aim to deliver the appropriate messages to their target clients, at the best time, using the most engaging channels. Traditional approaches… Read More