Tagged: united kingdom

January 24, 2021 @ 9:20 pm By Samantha Hurst  |  

  Less than three years after raising £644,768 Through its previous equity crowdfunding campaign on Seedrs, SwipeStation, a click and collect service that allows users to create an order from anywhere in sports stadiums, has returned to the funding platform and quickly surpasses £250,000 investment… Read More

January 24, 2021 @ 1:32 pm By Omar Faridi  |  

UK-based Blend Network, a peer to peer (P2P) property lending platform, has revealed that they’re expanding their team of professionals.  Blend Network’s management confirmed that they’re pleased to announce that Chloe Stidston-Lewis has now joined their lending team as a lending associate. Chloe has reportedly… Read More

January 23, 2021 @ 8:31 pm By Omar Faridi  |  

Tradeteq, a company that offers an AI-enhanced collaborative network for trade finance investors and originators to connect, interact, and transact, has finalized its $9.4 million Series A investment round from a group of US-based tech investors. Tradeteq has now raised over $16 million since it… Read More

January 23, 2021 @ 7:29 pm By Omar Faridi  |  

The COVID-19 outbreak has led to the increased adoption of contactless payments as one of the preferred ways to settle transactions in the United Kingdom, now representing around 90% or 9 in 10 of all eligible card transfers (as of 2020). The most significant milestone… Read More

January 23, 2021 @ 9:16 am By Omar Faridi  |  

Dhana Kaneshayogan notes that in January 2020, he had joined the Governance, Infrastructure and Networks team (GIN) at UK-based Fintech firm TransferWise. Kaneshayogan confirmed that the team offered other platform teams the interfaces and tooling to develop compute resources by using “best practices and standardized… Read More

January 22, 2021 @ 9:45 pm By Samantha Hurst  |  

  BlockDox, a UK-based proptech, has quickly raised its initial £125,000 funding target through its Seedrs campaign. The funding round, which recently made its debut on the equity crowdfunding platform, has already attracted nearly 50 Seedrs investors so far. Founded in 2015, BlockDox describes itself as… Read More

January 22, 2021 @ 7:31 am By Omar Faridi  |  

It’s undoubtedly been a very challenging environment for retailers, however, looking ahead to the rest of 2021, UK-based Flux (which itemizes digital receipts that are “delivered straight to your banking app”) says it believes there are some “real” potential opportunities to take take advantage of,… Read More

January 21, 2021 @ 9:36 pm By Samantha Hurst  |  

  Uhive, a UK-based cryptocurrency-powered social network, has successfully secured its £500,000 funding target through its Seedrs campaign. The funding round, which recently made its debut on the equity crowdfunding platform, has already attracted 310 Seedrs investors. Founded in 2018, UHive describes itself as a… Read More

January 21, 2021 @ 9:44 am By JD Alois  |  

Tom Blomfield, founder of digital bank Monzo and former CEO is departing the Fintech entirely at the end of January according to a report. Blomfield has been slowly exiting the Fintech in the last couple of years having passed the CEO title to another some… Read More

January 20, 2021 @ 8:46 pm By Omar Faridi  |  

Fintech firm Plaid is reportedly planning to more than double its Europe-based workforce in 2021, despite having to back out of a potential deal to be acquired by payments giant Visa (due to US antitrust issues). The financial technology firm appears to be taking the… Read More

January 20, 2021 @ 4:06 pm By JD Alois  |  

PPRO, a payments as a service provider based in London, has raised $180 million in financing led by Eurazeo Growth, Sprints, Wellington, and “one of the world’s largest asset managers” who remains unnamed. This most recent funding round arrives after six months when the company… Read More

January 20, 2021 @ 11:35 am By JD Alois  |  

Innovate Finance has published a note regarding Fintech investment in the UK. According to their numbers, the UK retains its title as the top investment destination in Europe for Fintech firms at with $4.1 billion in venture capital and growth private equity invested across a… Read More

January 20, 2021 @ 8:24 am By JD Alois  |  

LendInvest, a top UK Fintech providing property finance, is adapting to the ongoing health crisis by scheduling its first virtual conference. The LendInvest Broker Day will host a series of online sessions led by speakers including LendInvest’s Chief Executive Officer, Chief Commercial Officer, Director of… Read More

January 20, 2021 @ 8:15 am By JD Alois  |  

Digital bank Revolut has announced US dollar savings accounts for UK customers. According to a release, Revolut will offer interest rates of 0.65% AER for Metal customers, 0.50% AER for Premium customers, and 0.40% AER for Plus customers on US dollar funds. There is no… Read More

January 19, 2021 @ 11:07 pm By Omar Faridi  |  

Online balance sheet lender, Nucleus Commercial Finance, reports that it has secured a £200 million funding line, which should help with increasing the platform’s capacity or ability to support more UK-based businesses. The new funding line should help ensure that the lender is well-positioned to… Read More

January 19, 2021 @ 8:14 pm By Omar Faridi  |  

Although neo banks or digital banking platforms have been gaining significant market share during the past few years, consumers still appear to be somewhat hesitant when working with these new providers as their primary accounts, according to recent research by Accenture. The 2020 Accenture Global… Read More

January 19, 2021 @ 12:28 pm By Samantha Hurst  |  

UK-based challenger bank Tide reportedly announced on Monday it is planning to expand its services to India.  According to Business Standard, Tide is planning a test launch in India during the first quarter of 2021. The company will later be doing a wider rollout later… Read More

January 19, 2021 @ 7:29 am By Omar Faridi  |  

CrowdProperty, a property investment platform, has confirmed several key changes to its board, with the recent appointment of Mark Stephens, the former Chief Executive at Allica Bank. Stepehens has joined CrowdProperty as a non-executive director. Stephens, who recently retired from his position at Allica and… Read More

January 18, 2021 @ 11:53 pm By Omar Faridi  |  

Proptee, a new property investment platform that announced in November 2020 that it was planning to launch operations in the United Kingdom in January 2021, has released an update in which it noted that they believe that as a company or business, they’ll do better… Read More

January 18, 2021 @ 10:03 pm By Omar Faridi  |  

UK challenger bank Monzo has announced several updates. The digital bank confirmed recently that the Year in Monzo 2020 is now available via its app. As explained by the banking challenger, the Year in Monzo shows customers key insights into how they spent, saved, and… Read More