Tagged: united kingdom

December 12, 2020 @ 1:48 pm By Omar Faridi  |  

UK-based firms are facing losses of around £1.86 billion (appr. $2.46 billion) which could result from unpaid invoices, even though the nation’s businesses have received financial support from the government’s COVID-19 relief packages. Red Flag Alert, an insolvency company that assists businesses with safeguarding their… Read More

December 12, 2020 @ 12:59 pm By Omar Faridi  |  

After finalizing a $44 million investment round, UK’s AI-powered personal finance chatbot provider Cleo is asking its customers how it should spend its funds. Cleo’s round was led by EQT Ventures along with participation from existing investors such as Balderton Capital, LocalGlobe and SBI. Established… Read More

December 11, 2020 @ 8:18 am By Omar Faridi  |  

The United Kingdom has maintained its status as a major global Fintech hub. But will the country be able to capture a significant share of the world’s financial technology business after Brexit and can it retain its dominant status despite the challenges created by the… Read More

December 10, 2020 @ 11:31 pm By Omar Faridi  |  

Although digital banking challengers have managed to onboard millions of new customers during the past few years, they’re still not completely trusted by UK-based consumers. Most of the nation’s residents don’t think that these new digital lenders will be able to maintain operations in the… Read More

December 10, 2020 @ 10:38 pm By Samantha Hurst  |  

Pockit, a UK-based all-in-one financial membership, is now nearing £875,000 through its equity crowdfunding campaign on Crowdcube. The funding round was launched last month, originally seeking £500,000. As previously reported, Pockit offers its 500,000 registered users access to a current account they can open in… Read More

December 10, 2020 @ 9:03 pm By JD Alois  |  

Landbay, an online finance platform for buy to let mortgages, has recently launched another securities offering on Seedrs in a follow on round. Last year, Landbay raised £2.2 million from 214 investors at a valuation of £40 million. Currently, Landbay has raised £5.48 million backed… Read More

December 10, 2020 @ 8:31 am By Samantha Hurst  |  

OpenFin, the operating system (OS) of finance, announced on Wednesday it secured a strategic investment from SC Ventures, the innovation, fintech investment and ventures arm of international banking group, Standard Chartered. According to OpenFin, the investment’s funds will accelerate new product development and brings OpenFin’s… Read More

December 10, 2020 @ 8:22 am By JD Alois  |  

Starling Bank has added PayPal’s iZettle to its Business Marketplace – the first payment service provider to join Starling., according to a note from the bank. iZettle offers a range of payment and commerce solutions like point of sale systems and invoicing software. Starling Bank… Read More

December 10, 2020 @ 7:49 am By Omar Faridi  |  

Fintech Unicorn TransferWise is reportedly planning to recruit 750 additional workers in the coming months. These new hires would be equivalent to over a third of the online money transfer service’s existing team of professionals. This latest announcement has come after quite a successful period… Read More

December 9, 2020 @ 4:01 pm By Samantha Hurst  |  

  Karshare, a UK-based car-sharing startup, is now seeking £1 million through its equity crowdfunding campaign on Seedrs. Founded earlier this year, Karshare stated it is creating a more sustainable, shared future, where having a car is seen as a choice and not a necessity…. Read More

December 9, 2020 @ 12:32 pm By JD Alois  |  

The UK Department for International Trade (DIT) has launched a new global partnerships program called “Leading Edge.” The program is designed to help International Financial Institutions (IFIs) in priority markets access the best British Fintech solutions, starting with Singapore, Australia, and the United States. The… Read More

December 9, 2020 @ 8:42 am By JD Alois  |  

The £3 million Rapid Recovery Challenge funded by Nesta has announced fourteen organizations that have received £125,000 each to develop innovative solutions that help people access jobs and financial support during the COVID-19 pandemic. The Challenge is also being supported by the Money and Pensions… Read More

December 9, 2020 @ 8:02 am By JD Alois  |  

Digital bank Revolut continues to roll out new features and services at a rapid pace. Today, the Fintech is announcing a new feature called “Pockets” – a tool to help users to better manage their spending such as monthly bills, subscriptions, rent, and more. Pockets… Read More

December 9, 2020 @ 7:39 am By Omar Faridi  |  

Prominent digital bank Revolut, which was last valued at around $5.5 billion, has reportedly managed to break even for the month of November 2020. Fintech Unicorn Revolut’s revenues had dropped as much as 40% when awareness about the Coronavirus pandemic began to spread back in… Read More

December 9, 2020 @ 1:46 am By JD Alois  |  

Early access investors for the securities offering in Orbital Marine Power Ltd have already pushed the company past its £1 million funding target in less than one week. The offering is now live to the public on Crowdcube. According to the offering page, investors are… Read More

December 8, 2020 @ 3:36 pm By Samantha Hurst  |  

    UK fintech GeoDB has successfully secured £2,3 million through its latest equity crowdfunding campaign on Seedrs, which has attracted nearly 400 Seedrs investors. The funding round was recently launched and quickly secured its initial £2 million funding target.  As previously reported, GeoDB is… Read More

December 8, 2020 @ 3:23 pm By Samantha Hurst  |  

  HumanForest, a UK-based electric city bike company, has successfully secured its initial £1.2 million funding target through its equity crowdfunding campaign on Crowdcube. The funding round was launched last month and has attracted near 450 Crowdcube investors. As previously reported, HumanForest partners with companies… Read More

December 8, 2020 @ 12:56 pm By JD Alois  |  

gohenry, a money app designed to build positive financial habits for kids, has raised $40 million in funding led by Edison Partners and with the participation of Gaia Capital Partners, Citi Ventures, and Muse Capital. The valuation of the Fintech was not revealed. Simultaneously, gohenry… Read More

December 8, 2020 @ 11:37 am By JD Alois  |  

  The Digital Finance Forum has rebranded as Fintech Founders, according to a note from the group. Founded and Chaired by LendInvest founder Christian Faes, the name change is said to indicate the group’s wider, scaled-up ambitions to become a network of influence and authority… Read More

December 8, 2020 @ 7:41 am By Omar Faridi  |  

A new study has found that SMEs are now using Open Banking solutions a lot more frequently than before the pandemic began. Approximately half of the SMEs that took part in a recent survey claim they’re now using Open Banking services providers, according to research… Read More