Tagged: united kingdom

November 13, 2020 @ 7:54 am By Omar Faridi  |  

The UK’s Financial Conduct Authority (FCA) has announced certain changes that are aimed at limiting the “risk of disruption” to Open Banking services after Brexit. The FCA’s changes are intended to allow UK-headquartered third-party providers (TPPs) to use an alternative to eIDAS certificates to gain… Read More

November 12, 2020 @ 11:25 pm By Omar Faridi  |  

A new initiative, called United Fintech, is reportedly planning to acquire a slate of capital markets Fintechs. United Fintech also aims to help these Fintechs with marketing and selling their products to established financial institutions. United Fintech has been established with assistance from CFH Group… Read More

November 12, 2020 @ 10:32 am By JD Alois  |  

As the COVID-19 health crisis lingers, e-commerce continues to boom. Social distancing, lockdown, and WFH have accelerated the digital transformation. E-commerce platforms have benefited dramatically from the pandemic along with affiliated digital payments. A survey completed by Plutus, a decentralized reward system, claims that crypto… Read More

November 12, 2020 @ 9:53 am By Omar Faridi  |  

iwoca, a European alternative lender for small businesses, is reportedly planning to lend more than £200 million to small businesses before the Coronavirus Business Interruption Loan Scheme (CBILS) applications close in January 2021. iwoca recently surpassed £100 million in CBILS lending. The platform now plans… Read More

November 12, 2020 @ 8:50 am By JD Alois  |  

Funding Circle (LSE: FCH) has emerged as the 5th largest Coronavirus Business Interruption Lending Scheme (CBILS) originator, according to the company Funding Circle is a top Fintech lender serving the SME market in the UK and several other countries. During its most recent earnings release, Funding… Read More

November 12, 2020 @ 8:24 am By JD Alois  |  

  The UK Competition and Markets Authority (CMA) has agreed to fast track the merger of Seedrs and Crowdcube – the two largest investment crowdfunding platforms based in the UK. The merging companies requested the fast track of the review to a Phase 2 stage… Read More

November 12, 2020 @ 8:21 am By Samantha Hurst  |  

  Clim8, an App-based startup for sustainable investing, closes its latest equity crowdfunding round on Crowdcube with more than £2.3 million raised. The funding round attracted a total of 1909 Crowdcube investors. As previously reported, Clim8 is looking to capitalize on the heightened awareness of… Read More

November 11, 2020 @ 11:18 pm By JD Alois  |  

Former peer to peer lender and now digital SME lender ThinCats has partnered with Salt Edge, an Open Banking solutions provider, to improve the efficiency of its upfront credit assessment and ongoing loan monitoring processes. Salt Edge is a Fintech offering an API platform with… Read More

November 11, 2020 @ 2:18 pm By Samantha Hurst  |  

Conigital, a UK-based driverless vehicle and on-demand ride-hailing company, has successfully secured its initial £1million target. The company’s equity crowdfunding campaign made its debut on Seedrs recently and has so far attracted nearly 70 investors. Founded in 2015, Conigital explained that it stands for “Connected… Read More

November 11, 2020 @ 9:34 am By Samantha Hurst  |  

UK banking group NatWest announced on Tuesday the launch of its new product Green Mortgages. According to NatWest, the product offers a “preferential interest rate” to new or existing customers who are purchasing energy-efficient properties. The banking group explained: “The Green Mortgage offers a discounted… Read More

November 11, 2020 @ 9:20 am By JD Alois  |  

SME lender White Oak says it has hit a loan book of £250,000,000 for the first time in its history. White Oak says this is a significant milestone for the Loans & Leases business with the lender distributing over £120 million of loans to SMEs… Read More

November 11, 2020 @ 9:13 am By JD Alois  |  

Linell Homes Limited (LHL) says it is resuming the construction of 10 residential dwellings close to Wakefield City Centre due to a £2.1 million CBILS loan provided by  Assetz Capital. LHL says it was compelled to pause construction due to the nationwide lockdown but the… Read More

November 11, 2020 @ 8:06 am By JD Alois  |  

CrowdProperty, on an online investment platform for property, says it has now paid back £50 million to investors while maintaining its record of no defaults since 2014. Launched in 2014, CrowdProperty claims over £100 million lent to property professionals that have funded a reported £200… Read More

November 10, 2020 @ 8:47 pm By Omar Faridi  |  

Afterbanks, the Fintech firm that allows users to retrieve and aggregate data from different banks in real-time via an API, has introduced its products and services in Mexico. Afterbanks’ platform has been used to conduct instant and secure payments in Europe and Latin America. Afterbanks… Read More

November 10, 2020 @ 2:37 pm By Samantha Hurst  |  

Tymit, a UK-based mobile-enabled installment credit card, announced on Tuesday it has partnered with Modulr, a payments-as-a-service API platform, to bring real-time payments to Tymit cardholders. The service gives customers access to take control of their finances and plan the way they pay. Founded in… Read More

November 10, 2020 @ 8:26 am By Samantha Hurst  |  

Just a little over two years after raising £1,2 million through its equity crowdfunding campaign on Crowdcube, UK-based fintech Nebeus has launched a new funding round on Seedrs to raise a minimum of £400,000. As previously reported, Nebeus, which began trading in 2017,  reported it has… Read More

November 10, 2020 @ 7:02 am By Omar Faridi  |  

UK Chancellor Rishi Sunak updated the House (on November 9, 2020) regarding ongoing plans for the country’s financial services industry, which is one of the “most productive and innovative sectors.” Sunak believes that financial services will be essential to the UK’s economic recovery from the… Read More

November 9, 2020 @ 8:31 pm By Omar Faridi  |  

UK-based digital bank Starling is reportedly planning to secure £200 million (appr. $263 million) in additional capital in order to further expand its business operations. Starling Bank may consider launching an initial public offering (IPO) in the foreseeable future. Starling has hired Rothschild to focus… Read More

November 9, 2020 @ 3:14 pm By Samantha Hurst  |  

Equity crowdfunding platform Crowdcube announced on Friday one of its and Seedrs’ successes, Mindful Chef, has been acquired by multinational food and drink giant, Nestle.  The company was founded by school friends Robert Grieg-Gran, Giles Humphries and Myles Hopper. It describes itself as a young… Read More

November 9, 2020 @ 2:49 pm By Samantha Hurst  |  

Sugar, a UK-based financing platform that was created to provide capital to games and apps studios with growth ambitions, recently announced it secured £1.5 million through its pre-seed funding round, which was led by Passion Capital and included participation from Velo Partners as well as… Read More