Tagged: united kingdom

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

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