Tagged: united kingdom

December 3, 2020 @ 9:36 am By JD Alois  |  

Pockit, a digital banking app designed to cater to the underbanked masses, has announced a new partnership with Railsbank while simultaneously announcing a £15 million Series B funding paired with an offering on Crowdcube. The Crowdcube securities offer is for £500,000 Future Fund convertible note… Read More

December 3, 2020 @ 9:23 am By Samantha Hurst  |  

  Digital payments company Payoneer announced on Thursday it has joined forces with TrueLayer to launch its open banking service for customers in the UK and Europe. Payoneer reported that its customers in these regions will now benefit from lower fees, faster payments and increased… Read More

December 3, 2020 @ 8:47 am By JD Alois  |  

Updraft, described as an app that is part lending, part credit report, and part financial planning, has raised £16 million in funding. The new capital is in the form of both equity and debt. Updraft did not disclose the split between the two. Quilam Capital… Read More

December 3, 2020 @ 8:04 am By Samantha Hurst  |  

  Digital bank Starling Bank announced on Thursday it has welcomed Nutmeg, a UK-based digital wealth manager, to its Marketplace.  Starling reported that the new service will help its personal and sole tracker consumers connect their banking to their investment accounts and pensions. “Starling customers with… Read More

December 2, 2020 @ 2:43 pm By Samantha Hurst  |  

Laka, a collective-based insurer of cyclists, is set to close its latest equity crowdfunding campaign on Seedrs with nearly £1.6 million raised. The funding round, which has attracted more than 1380 Seedrs investors, quickly surpassed its initial £1 million funding target. As previously reported, Laka has developed… Read More

December 2, 2020 @ 12:54 pm By Samantha Hurst  |  

UK fintech Dot Investing recently announced the launch of its new digital investment platform. According to Dot Investing, the platform allows individual investors to invest in top private and alternative asset funds, including private equity, VC and hedge funds. “Users are able to invest from £100,000… Read More

December 2, 2020 @ 10:49 am By Samantha Hurst  |  

UK challenger bank Monzo has reportedly scored an additional £60 million investment. According to TechCrunch, Monzo revealed it not only has more than 4.8 million users, it also raised the funds, which is priced the same as the previous investment from June 2020. Founded in… Read More

December 2, 2020 @ 3:00 am By JD Alois  |  

Money app Ziglu says that its equity crowdfunding round is the largest offering on Seedrs for all of 2020. The securities offering closed on Seedrs this past fall. The Fintech raised over £6 million backed by about 1250 investors. Ziglu set a low-end hurdle of… Read More

December 1, 2020 @ 8:20 pm By Omar Faridi  |  

Whitecap Consulting has released a new report titled, Northern Ireland Fintech Ecosystem Report 2020. It reveals that the region has a population of almost 1.9 million with over 36,000 professionals employed in the financial services or technology sectors. There are at least 74 tech firms… Read More

December 1, 2020 @ 7:32 pm By Omar Faridi  |  

London-based CoinShares, a company that aims to expand access to the digital asset ecosystem while serving as a trusted partner for its clients, has noted that the Bitcoin (BTC) price has been closing-in on the “very psychological” all-time-high (of nearly $20,000) “coupled with momentary fears… Read More

December 1, 2020 @ 7:01 pm By JD Alois  |  

Digital bank Revolut has announced an early salary feature available to UK customers. The new feature means that Revolut’s UK customers can access their salaries and all payments made over the Bacs payment scheme a working day earlier than usual. In the case where they… Read More

December 1, 2020 @ 8:59 am By JD Alois  |  

The Cambridge Centre for Alternative Finance (CCAF), along with its partners the World Bank and the World Economic Forum, hosted a presentation this week outlining its findings in a study reviewing the COVID-19 pandemic and its impact on the Fintech industry. The survey was launched… Read More

December 1, 2020 @ 7:57 am By JD Alois  |  

Payments Fintech Pomelo Pay has raised £2.1 million in a seed funding round led by Force Over Mass, according to a note from the company. Pomelo says the new funding will enable it to grow its hardware-free digital payment service while helping both smaller firms,… Read More

December 1, 2020 @ 7:37 am By Omar Faridi  |  

Fintech Unicorn TransferWise has reportedly managed to acquire a restricted banking license in Australia. The leading money transfer service provider has been approved to gain direct access to Australia’s real-time payment system. The permit has been issued by Australia’s Prudential Regulatory Authority. Under the license,… Read More

November 30, 2020 @ 9:55 pm By JD Alois  |  

Seedrs continues to update and iterate its secondary marketplace for private securities. As was reported this past summer, Seedrs enabled variable pricing for trading to take place on the market but there were still certain restrictions tied to the last valuation of the company. At… Read More

November 30, 2020 @ 9:31 pm By Omar Faridi  |  

Proptee, a new property investment platform, is planning to launch operations in the UK in January 2021. The platform will aim to connect potential investors with buy-to-let landlords. Proptee will let landlords list various properties on its platform. Investors will be able to acquire shares… Read More

November 30, 2020 @ 12:29 pm By JD Alois  |  

  Mintos, a Fintech that recently closed a securities offering on Crowcube, is reporting that it has set a new record when it comes to an offering for a continental European funding round. The offering has raised €7.2 million in total backed by over 7000… Read More

November 30, 2020 @ 10:50 am By JD Alois  |  

This past summer, Tandem Bank acquired Allium Lending Group, a green finance platform. The targeted lending platform may boost Tandem’s business in the growing interest of ESG finance. In a note distributed by Tandem, the challenger bank says that more than half the UK population… Read More

November 30, 2020 @ 8:21 am By Samantha Hurst  |  

Less than a year after raising £1.37 million on Seedrs, UK fintech GeoDB has returned to the equity crowdfunding platform and has already surpassed its £2 million funding target from nearly 360 Seedrs investors.  As previously reported, GeoDB is a big data marketplace that aims to… Read More

November 30, 2020 @ 6:49 am By Omar Faridi  |  

UK-based Paymentology, a payment tech solutions provider, is reportedly working with banks and financial institutions based in the UAE and the Middle East in order to offer digital payments services. Paymentology claims that its payment services will change and improve the way customers conduct transactions… Read More