Tagged: united kingdom

December 22, 2020 @ 10:37 pm By Omar Faridi  |  

IPGL, the private investment firm that’s managed by Michael Spencer, the Founder and former chief executive at Icap and NEX, has reportedly invested in London based Tradefeedr, a trade analytics solution provider. Spencer remarked: “Tradefeedr is a really promising financial technology business, with the right… Read More

December 22, 2020 @ 10:20 pm By Omar Faridi  |  

Binance has welcomed digital assets derivatives exchange Mettalex (developed by Fetch.ai) to its decentralized finance (DeFi) ecosystem. Mettalex is teaming up with Binance Smart Chain in order to enable lower transaction fees to commodity derivatives traders and liquidity providers, according to a release. Vlad Dramaliev… Read More

December 22, 2020 @ 11:50 am By Samantha Hurst  |  

  Liberis, a UK-based fintech, announced on Tuesday it secured £70 million in financing from long-term partners British Business Investments, Paragon Bank, BCI Europe, as well as financing and venture debt from new partner Silicon Valley Bank (SVB). The newly acquired funds brings Liberis’ total… Read More

December 22, 2020 @ 10:48 am By JD Alois  |  

Brickowner, a property investment platform, has selected Kenneth Green as Head of Compliance, according to a note from the Proptech. Green is a former Barclays executive with over 10 years of experience providing compliance and risk advice to financial services firms. Green said he is… Read More

December 21, 2020 @ 7:08 pm By Omar Faridi  |  

UK-based Cashaa, a digital asset exchange and banking service provider, has revealed that it’s listing on KuCoin exchange in order to promote the adoption of its native CAS token. As reported in July 2020, more than $3 million in Bitcoin (BTC) were allegedly stolen from… Read More

December 21, 2020 @ 3:43 pm By Samantha Hurst  |  

UK-based renewable energy platform Ripple is now nearing £375,000 in funding through its latest equity crowdfunding campaign on Seedrs. The investment round, which was launched last month, was originally seeking £350,000 and has so far attracted more than 780 Seedrs investors.  As previously reported, Ripple was… Read More

December 21, 2020 @ 1:35 pm By Samantha Hurst  |  

  Zego, a UK-based insurtech, recently announced it has received a European broking license as part of its plans to expand throughout Europe. The company revealed that the license, which was award but the Dutch regulator AFM, will enable it to work with EU-based insurance… Read More

December 20, 2020 @ 11:55 pm By Omar Faridi  |  

James Gibson, Head of Product at Revolut Business, notes that it’s their goal or mission to assist clients with getting more from their business accounts with powerful tools that allow them to have complete control over their finances. That’s why digital bank Revolut will be… Read More

December 20, 2020 @ 10:37 pm By Omar Faridi  |  

Digital bank Monzo, which recently scored an additional £60 million investment, has revealed that personalized cards have now arrived for US customers. The Monzo team notes in a blog published on December 16, 2020, that they’re pleased to announce that they’ve introduced their newly designed,… Read More

December 20, 2020 @ 10:24 pm By Samantha Hurst  |  

Paysme, a UK-based fintech mobile app, is set to close its equity crowdfunding campaign on Seedrs with nearly £300,000 raised from 165 Seedrs investors. As previously reported, Paysme describes itself as a super app delivering financial services to underserved small business communities to accelerate their… Read More

December 20, 2020 @ 10:20 pm By Samantha Hurst  |  

Kvasir, a UK-based AI knowledge management software company, has successfully secured more than £1.3 million through its equity crowdfunding campaign on Crowdcube. The funding round, which originally sought to raise £1 million, has already attracted 655 Crowdcube investors. Krvasir is currently offering 42.33% in equity… Read More

December 19, 2020 @ 2:47 pm By Omar Faridi  |  

Object Astra, a sweat equity platform intended for individuals who may have been furloughed or layed off during the COVID-19 pandemic and founded by former JPMorgan professionals, has officially launched operations in the United Kingdom. The Object Astra team states: “[We offer a] Platform to… Read More

December 18, 2020 @ 8:40 am By Omar Faridi  |  

US-based Wahed Inc, an Islamic-finance Fintech firm that’s backed by Saudi Aramco, is reportedly planning to acquire Niyah Ltd, a UK company that operates a digital banking platform for the Muslim community. Wahed’s management noted that they’re hoping the acquisition will allow them to offer… Read More

December 17, 2020 @ 9:42 pm By Omar Faridi  |  

Online pension provider PensionBee has introduced a fossil-fuel-free fund, which has been developed through a partnership with Legal & General Investment Management  (LGIM). Emma Douglas, Head of DC at LGIM, remarked: “We believe that investing in companies who are positioned to capture the benefits from… Read More

December 17, 2020 @ 11:07 am By JD Alois  |  

UK Chancellor of the Exchequer Rishi Sunak has extended the government-guaranteed Covid-19 business loan schemes until the end of March. The announcement was joined by confirmation that the furlough scheme has been extended until the end of April 2021. The Chancellor said: “Our package of… Read More

December 17, 2020 @ 8:36 am By Samantha Hurst  |  

  UK-based payments platform GoCardless announced on Thursday it raised $95 million through its Series F funding round, which was led by Bain Capital Ventures. Founded in 2011, GoCardless is on a mission to take the pain out of getting paid for businesses with recurring… Read More

December 16, 2020 @ 2:16 pm By Samantha Hurst  |  

  Zilch, a UK-based buy now, pay later fintech, announced on Wednesday it secured $30 million through its oversubscribed pre Series B in less than three weeks. The latest funding round comes just a few months after Zilch raised $10 million.  As previously reported, Zilch… Read More

December 15, 2020 @ 11:50 pm By Omar Faridi  |  

More UK-based consumers have been supporting their local independent businesses during the COVID-19 pandemic, according to research conducted by Nucleus Commercial Finance. The researchers revealed that the vast majority (96%) of UK consumers support their local businesses and 63% of them have made a special… Read More

December 15, 2020 @ 10:56 pm By Omar Faridi  |  

Fraxtor Private Limited, a company that operates an online real estate co-investment platform, has reportedly acquired over S$9 million (appr. $6.74 million) on its platform from its community of Accredited Investors (AIs), despite the challenges created by the COVID-19 pandemic. According to a release, the… Read More

December 15, 2020 @ 11:03 am By JD Alois  |  

LendInvest has launched a new cloud-based application for short-term lending products, according to a note from the company. The new application is designed to streamline and automate the loan origination process. The application utilizes Salesforce to enable a centralized hub for customer information, a log… Read More