Tagged: united kingdom

January 11, 2021 @ 7:33 am By Omar Faridi  |  

Over 160 physical bank branch locations are shutting down permanently between now and the end of the lockdown period, which has been tentatively scheduled for late March 2021 in the UK.  As first reported by the Daily Mail, these bank branch closures will come as… Read More

January 10, 2021 @ 11:04 pm By Samantha Hurst  |  

  EverUp, a UK-based prize-linked savings mobile app, is set to close its equity crowdfunding campaign on Crowdcube with more than £360,000 secured. The funding round launched last month, originally seeking £150,000 and has already attracted nearly 545 Crowdcube investors.  As previously reported, EverUp’s mission… Read More

January 10, 2021 @ 3:52 pm By Omar Faridi  |  

The team at PPRO, a Fintech firm that allows consumers to pay with the local payment methods they “trust and know, wherever they are,” notes that it’s been a year of “momentous change” for the payments sector. PPRO pointed out that previously emerging Fintech and… Read More

January 10, 2021 @ 1:43 pm By Omar Faridi  |  

The team at Payment Components, 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 with the introduction of new regulations and payment systems, managing a bank’s… Read More

January 9, 2021 @ 7:04 pm By Omar Faridi  |  

UK-based digital bank Revolut notes that in 2020, the Financial Conduct Authority (FCA) had introduced a requirement for all cryptocurrency-related companies or businesses (in the UK) to register with the regulator to confirm that they’re adhering to the country’s money laundering regulations. Revolut’s management pointed… Read More

January 9, 2021 @ 6:35 pm By Omar Faridi  |  

The team at Blend Network, an online peer to peer (P2P) property lending platform, recently shared comments and feedback from one of their lenders. UK-based Blend Network notes that a platform lender (investor) “Maria,” has spent most of her career working in management roles and… Read More

January 9, 2021 @ 5:55 pm By Omar Faridi  |  

John Goodall, CEO at Landbay, a UK-based online finance platform for buy to let mortgages, claims that he has “no regrets” about leaving the retail peer-to-peer (P2P) lending business. The digital buy-to-let finance platform is now completely focused on institutional lending (since December 2019). Landbay… Read More

January 8, 2021 @ 4:23 pm By Samantha Hurst  |  

Comino, a UK-based liquid-cooled computing startup, is now nearing €870,000 through its equity crowdfunding campaign on Seedrs. The funding round, which originally sought to raise a minimum of €750,001, has attracted more than 255 Seedrs investors. Founded in 2017, Comino offers professional liquid-cooled GPU &… Read More

January 8, 2021 @ 11:33 am By JD Alois  |  

In March of 2020, the Chancellor of the Exchequer Rishi Sunak delivered the UK budget. Included in the presentation was the announcement of a Fintech sector review – a study to be led by Ron Kalifa OBE, who was previously CEO Worldpay and current Chair… Read More

January 8, 2021 @ 9:30 am By Omar Faridi  |  

Fintech firm B-North, which facilitates loans for small businesses and is currently seeking a banking license, has reportedly entered a deal with Channel 4 Ventures. Manchester-headquartered B-North confirmed that it has acquired a follow-on investment of £250,000 from the Greater Manchester Combined Authority. The challenger… Read More

January 8, 2021 @ 8:50 am By Omar Faridi  |  

UK Finance, a trade association for the UK banking and financial services industry, has noted that after the extension of government support from November 2020, an estimated £600 million  in funding was provided via the topping-up of current Bounce Back Loan Scheme (BBLS) facilities. Lending… Read More

January 7, 2021 @ 11:59 am By JD Alois  |  

The Cambridge Centre for Alternative Finance (CCAF) has launched the Cambridge Alternative Finance Collaboration Network or CAFCN. The CCAF is the leading Fintech research organization in the world having published dozens of research reports. According to a presentation, CAFCN is a “network of regionally embedded… Read More

January 7, 2021 @ 8:39 am By Omar Faridi  |  

Fintech companies such as Revolut and Luno are experiencing a dramatic surge in demand from customers who are rushing to invest in Bitcoin (BTC) and other digital currencies amid record-breaking and unprecedented cryptocurrency price increases. Fintech app providers that offer crypto trading, like Revolut, eToro,… Read More

January 6, 2021 @ 11:57 pm By JD Alois  |  

The UK crowdfunding industry is worried that a recent “Call for Input: The Consumer Investments Market” by the UK Financial Conduct Authority (FCA) may undermine the viability of the investment crowdfunding industry. Comments on the process closed on December 15, 2020. The consultation was instituted… Read More

January 6, 2021 @ 3:35 pm By Samantha Hurst  |  

Renewable investment platform Abundance recently reflected on its platform success in 2020. As previously reported, Abundance launched its first investment in 2012, allowing anyone to invest in renewable energy projects. Since that time,  Abundance has funded 34 investments raising over £75 million while returning £12.1… Read More

January 6, 2021 @ 1:02 pm By JD Alois  |  

Salt Edge, and open banking service provider, has partnered up with Sorted – a Germany based accounting app that targets freelancers and self-employed. According to a blog post, by utilizing the Salt Edge Partner Program, Sorted is able to connect to the customers’ bank account… Read More

January 6, 2021 @ 12:50 pm By JD Alois  |  

Brickowner, a property investment platform has closed on a funding round on Seedrs that topped £500,000, according to a note from the company. Brickonwer has leveraged the services of Seedrs for several years now, first in 2016 when the Proptech raised £100,000. Brickowner allows investors… Read More

January 6, 2021 @ 8:34 am By JD Alois  |  

Tetragon Financial Group Ltd. (LSE: TFG), a UK based investment firm with $2.35 billion in assets under management, has sued Ripple in Delaware courts, according to a report by Bloomberg. Tetragon apparently had an agreement incorporated in its equity investment with Ripple that if XRP… Read More

January 6, 2021 @ 7:55 am By JD Alois  |  

Seedrs has topped £1 billion in total investments according to a note posted by the investment crowdfunding platform. Launched in 2012 by co-founders Jeff Lynn and Carlos Silva, the platform was the first of its kind to receive regulatory approval to operate by the UK… Read More

January 5, 2021 @ 11:22 pm By Omar Faridi  |  

UK-based Cashplus, a banking and credit services provider for SMBs and consumers, has entered a definitive agreement to acquire the current account portfolio of icount. The amount paid for the acquisition has not been shared publicly. The deal, which may be finalized in early 2021,… Read More