Tagged: united kingdom

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

January 5, 2021 @ 9:00 pm By Omar Faridi  |  

Bitcoin (BTC) and other cryptocurrency platforms such as Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Binance Coin (BNB), Chainlink (LINK), and Polkadot (DOT) are being increasingly adopted by a diverse group of users across the globe. Many more institutions and fairly large publicly listed companies… Read More

January 5, 2021 @ 2:29 pm By Samantha Hurst  |  

  Oxbury Bank, a UK-based agricultural bank, is reportedly set to launch its banking platform. The banking group is notably planning to launch its platform after securing £15 million from the Duke of Westminister’s Wheatsheaf Group. Founded in 2018, Oxbury claims it is building the… Read More

January 5, 2021 @ 12:11 pm By Samantha Hurst  |  

  Hiro, a UK-based insurtech startup, announced on Tuesday it is planning to seek funds through equity crowdfunding platform Seedrs. The company describes itself as a home insurance challenger that helps customers to actively protect their home using smart technology instead of relying on compensation… Read More

January 5, 2021 @ 8:00 am By Omar Faridi  |  

Erik Kaju, Director of Engineering, Cards and Spend at Fintech firm TransferWise, notes that after the introduction of the money transfer service’s debit Mastercard back in 2018, they’ve taken the card to more than 30 countries on four different continents. TransferWise claims that more than… Read More

January 4, 2021 @ 3:43 pm By Samantha Hurst  |  

Orbital Marine Power Ltd., the developer of the world’s “leading floating tidal turbine technology,” has successfully secured nearly £1.9 million through its equity crowdfunding campaign on Crowdcube. The funding round launched last month and early access investors were able to push Orbital Marine past its… Read More

January 4, 2021 @ 3:19 pm By Samantha Hurst  |  

Karshare, a UK-based car-sharing startup, has successfully secured its initial £1 million funding target and is now nearing £1.2 million through its equity crowdfunding campaign on Seedrs. The funding round launched last month and has already attracted 430 Seedrs investors. As previously reported, Karshare stated… Read More

January 4, 2021 @ 9:29 am By JD Alois  |  

Paysend is reporting record active users in a single day on December 30, 2020. According to the UK based Fintech, over 35,000 users completed 45,000 transfers on that day. Paysend touts the fact that the majority of transactions take 15 seconds or less to complete… Read More

January 4, 2021 @ 7:42 am By Omar Faridi  |  

Digital bank Revolut has reportedly outpaced competitors Monzo and Starling in terms of the number of downloads during 2020. Notably, Revolut saw more app downloads last year than Monzo and Starling Bank combined. As first reported by the Telegraph, Revolut’s online banking app grew more… Read More

January 3, 2021 @ 12:55 pm By Omar Faridi  |  

Fintech companies are reportedly urging the UK’s Financial Conduct Authority (FCA) to “break” banks during 2021. A group of London-based startups is asking the FCA to look into ending the control and dominance of traditional banking institutions, specifically their use of consumer data. The companies… Read More

January 3, 2021 @ 12:47 pm By Omar Faridi  |  

The limit on contactless payments might be increased from the current £45 to £100 in one of Britain’s very first steps away from European Union guidelines. The upper limit on touch-free or contactless payments might be raised to £100 after the suggestion was made to… Read More

January 1, 2021 @ 11:26 pm By Omar Faridi  |  

Isa Kivlighan from Aave (AAVE), an open-source and non-custodial decentralized finance (DeFi) protocol for earning interest on digital asset deposits while also being able to borrow assets, states that 2020 was an “incredible year” for DeFi, as the sector grew dramatically from a little over… Read More

December 31, 2020 @ 10:57 pm By Samantha Hurst  |  

  Argo Blockchain, a UK-based cryptocurrency miner, announced on Wednesday it will co-lead an investment in Luxor Technologies, a hashrate management platform. Argo reported it will invest $100,000 into Luxor, which intends to use the capital to make several key engineering hires to strengthen the… Read More

December 31, 2020 @ 10:03 pm By Omar Faridi  |  

Anil Stocker, CEO and Co-founder at UK-based MarketFinance, one of the world’s largest peer-to-peer (P2P) invoice finance platforms, notes that like many of the businesses they support, MarketFinance spent the past 10 months dealing with major changes and challenges, “finding ways forward against all the… Read More

December 31, 2020 @ 4:21 pm By Samantha Hurst  |  

  Telos, a global blockchain platform based in the UK, announced on Wednesday the launch of T-Bond Non-Fungible Tokens (NFTs), which is described as a “new fusion” of decentralized finance (DeFi) and NFTs as a tool for unlocking liquidity. “T-Bonds are an innovation in DeFi… Read More

December 31, 2020 @ 9:33 am By JD Alois  |  

Business finance specialist Rangewell, has published a blog post that seeks to clarify how SMEs will be impacted by the Brexit deal. Agreed upon last week, the UK government is calling the deal a big win for the UK’s sovereignty.  Nic Conner, Rangewell’s Research Consultant… Read More

December 31, 2020 @ 9:18 am By Samantha Hurst  |  

  Solivus, a UK-based startup that designs and creates solar products for the home and bespoke solar solutions for businesses, has secured more than £840,000 through its equity crowdfunding campaign on Seedrs. The funding round, which quickly secured its initial £500,000, has attracted nearly 650 Seedrs investors…. Read More