Tagged: united kingdom

November 8, 2020 @ 6:24 pm By Omar Faridi  |  

Funding Circle (LSE: FCH), an SME lender that facilitates loans in both the US and parts of Europe, has acquired £30 million in capital from British Business Investments. British Business Investments operates as a commercial subsidiary of the British Business Bank. Funding Circle plans to… Read More

November 8, 2020 @ 11:12 am By Omar Faridi  |  

Binance alum Fetch.ai, an established blockchain-focused AI firm launched by former DeepMind investors and developers, had introduced Mettalex, a “decentralized” crypto and commodities derivatives trading platform (back in August 2020). In a recent update, the Mettalex developers noted that as they get ready to officially… Read More

November 7, 2020 @ 11:09 am By Omar Faridi  |  

Finxact, an established “Core as a Service” banking solution provider, says it’s leading the transition in the US to a model of core banking that leverages the benefits of Cloud along with supporting the ability for banks to choose the best technology providers. According to… Read More

November 6, 2020 @ 10:22 pm By Samantha Hurst  |  

Coinrule, a UK-based meta trading platform, has raised more than £410,000 through its recently launched equity crowdfunding campaign on Seedrs. The funding round originally sought to raise £250,000 from nearly 440 Seedrs investors. Founded in 2018, Coinrule allows its users to set up rules-based cryptocurrency… Read More

November 6, 2020 @ 6:11 pm By Omar Faridi  |  

The developers of 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, have teamed up with Axie Infinity. Through the partnership, both organizations aim to bring you a “hot new collab”… Read More

November 6, 2020 @ 8:51 am By Samantha Hurst  |  

Paysend, a UK-based global payments platform, announced earlier this week it has reached the 2.5 million customer mark for its Global Transfers service. The company reached the 1.5 million mark in March, so 1 million customers have been welcomed during the COVID-19 pandemic. Founded in… Read More

November 5, 2020 @ 10:49 pm By Samantha Hurst  |  

Clim8, an App-based startup for sustainable investing, is set to close its latest equity crowdfunding round on Crowdcube with more than £1.65 million raised from nearly 1400 Crowdcube investors. The campaign launched last month originally seeking £400,000. As previously reported, Clim8 is looking to capitalize… Read More

November 5, 2020 @ 10:00 am By Lauren Descout  |  

The events of 2020 have caused many people to reassess how they manage their businesses. Treasurers were forced into an unprecedented situation where they had to manage cash and international payments from suppliers and customers at a time of significant uncertainty and instability – all… Read More

November 4, 2020 @ 9:31 pm By Omar Faridi  |  

Deutsche Börse has finalized a $15 million investment round in Clarity AI, which is a Spanish Fintech company that leverages Big Data and machine learning (ML) to help investors and traders understand the social impact of their investment portfolios. Established in 2017, Clarity AI has… Read More

November 4, 2020 @ 3:22 pm By Samantha Hurst  |  

BBVA announced on Wednesday it has teamed up with Amazon Web Services (AWS) and Bloomberg to developed a new cloud-based technology for the equity markets area of its Corporate and Investment Banking unit. BBVA reported that it has created BBVA C-fit, which is a platform built… Read More

November 4, 2020 @ 8:53 am By JD Alois  |  

Nuapay claims it has uncovered apparent vulnerabilities surrounding payment cards, leading to a risk of fraud and “mounting consumer distrust.” The conclusion is being driven by an open banking report recently published where the firm says that more than one in ten (12%) of the UK… Read More

November 4, 2020 @ 7:31 am By Omar Faridi  |  

UK-based challenger bank TSB will be teaming up with Robo-advisory firm Wealthify in order to launch its first investment program. TSB, which claims around 5 million customers, will allow users to follow a link within the TSB app or its Internet banking platform so that… Read More

November 3, 2020 @ 3:54 pm By Samantha Hurst  |  

  Just a little over a year after securing nearly £1.2 million through its previous Crowdcube campaign, UK-based environmentally-friendly product designer and manufacturer PALLITE has returned to the equity crowdfunding platform and has quickly raised its initial £1 million funding target. The company notably raised… Read More

November 3, 2020 @ 11:49 am By Samantha Hurst  |  

Laka, a collective-based insurer of cyclists,  recently announced plans to launch its equity crowdfunding through UK-based Seedrs. The upcoming funding round comes less than a year after Laka raised  €4.2 million, which was led by venture capital companies LocalGlobe and Creandum. As previously reported, Laka… Read More

November 2, 2020 @ 1:43 pm By JD Alois  |  

As of Thursday, November 5, in a somewhat controversial move, the UK government will shutter a good portion of the country as COVID-19 cases rise. In a release by the UK government, the new restrictions will remain in place until at least December 2nd. The… Read More

November 2, 2020 @ 11:55 am By Samantha Hurst  |  

Float, a UK-based financial wellness provider, quickly surpassed its initial £512,500 funding target through its recently launched Seedrs campaign. The funding round has already attracted more than 20 Seedrs investors. Founded in 2018, Float describes itself as a socially responsible financial wellness company offering salary… Read More

November 2, 2020 @ 11:02 am By Samantha Hurst  |  

  Charm, a UK-based peer-to-peer impact investment platform, successfully secured a total of £273,520 from 547 investors through its equity crowdfunding campaign on Crowdcube. The funding round originally sought to raise £100,000 while offering 9.69% in equity at a £2,550,000 pre-money valuation. Launched in 2018,… Read More

November 2, 2020 @ 8:46 am By JD Alois  |  

British Patient Capital (BPC), a wholly-owned commercial subsidiary of British Business Bank plc, the UK government’s economic development bank, says it is deliverying strong results corresponding to its business plan. BPC believes that the advent of COVID-19 will drive a wave of “tranformative” innovation. According… Read More

November 2, 2020 @ 8:22 am By JD Alois  |  

Property finance Fintech LendInvest has announced a new pay rate product to its Buy-to-Let range for Limited companies and Special Purpose Vehicles. LendInvest has launched a 5-year fixed pay rate product at 3.69% for Limited company landlords. The lender is now offering 80% LTV products… Read More

November 1, 2020 @ 10:53 pm By Samantha Hurst  |  

The Cauldron, a UK-based technology-led entertainment studio, has successfully secured its initial £325,000 funding target through its equity crowdfunding campaign on Seedrs. The funding round was launched in September and has already attracted more than 250 Seedrs investors. As previously reported, The Cauldron originally began… Read More