Tagged: united kingdom

July 29, 2025 @ 6:15 pm By JD Alois  |  

Wise (LON:WISE), formerly known as Transferwise, will seek a listing on a US exchange following a shareholder vote. Wise is one of the most successful Fintechs in the UK. In 2024, Wise reported that it enabled £118.5 billion in cross-border transactions, while saving customers over… Read More

July 29, 2025 @ 1:33 pm By Omar Faridi  |  

Recent developments in the UK’s economic sector highlight a blend of cautious optimism and strategic reform, as outlined in two significant updates from KPMG UK. The resurgence of venture capital investment and government reforms to the Contracts for Difference (CfD) scheme underscore efforts to bolster… Read More

July 29, 2025 @ 8:55 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) is alleging that Concept Capital Group (CCG) and its principals participated in an unauthorized investment plan that raised over £23 million. Court proceedings have just begun, but the agency has issued a statement highlighting that the enforcement action will… Read More

July 29, 2025 @ 1:00 am By Omar Faridi  |  

Goodwin announced that leading debt finance lawyer Matthew Ayre will be joining the firm’s Private Equity practice as a partner in its London office. With experience in private practice, Matthew joins Goodwin from Travers Smith, where he “was head of the Leveraged Finance team and… Read More

July 29, 2025 @ 12:30 am By JD Alois  |  

The British Business Bank is reporting £2.5 billion of lending under its Growth Guarantee Scheme. Much of the financing went to firms outside of London. Overall, the lending has gone to £368 million for manufacturing, over £366 million to wholesale and retail, and over £234… Read More

July 28, 2025 @ 12:21 pm By JD Alois  |  

London-based DynaRisk has raised $4.7 million in a funding round led by YFM Equity Partners. DynaRisk is a “cyber intelligence SaaS provider” supporting insurers to identify, monitor, and reduce policyholder cyber risk Founded in 2016, the company was created by CEO Andrew Martin, who is… Read More

July 28, 2025 @ 11:41 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) has announced a new interim Chair of the Financial Ombudsman. Liam Coleman will be taking over from Zahida Manzoor CBE, who is exiting after two years in the position. Manzoor’s departure was anticipated as it was revealed this past… Read More

July 28, 2025 @ 9:33 am By Omar Faridi  |  

PEXA Group Limited, the digital property exchange and data insights business, announces that NatWest, the FTSE-100 listed bank and mortgage lender in the UK, signed a commitment to proceed with an implementation program with a view to “transacting remortgage transactions by the end of the… Read More

July 26, 2025 @ 1:48 pm By Omar Faridi  |  

Online pension provider PensionBee has recently made key announcements focused on commercial partnerships and its advocacy for pension reform, reinforcing its mission to simplify pensions and promote financial wellness. The company’s latest developments include an extended sponsorship with Brentford Football Club, a call for action… Read More

July 25, 2025 @ 8:46 am By Omar Faridi  |  

The UK economy is witnessing a surge in optimism, particularly among mid-market firms, which are proving to be a powerhouse for growth, according to the latest NatWest UK Business Growth Tracker. Additonally, NatWest Group is expanding its innovative reach through a strategic partnership with Saga… Read More

July 23, 2025 @ 8:34 am By Omar Faridi  |  

The first half of 2025 has proven to be a challenging period for the UK economy, marked by a significant decline in deal activity and mounting pressures on public finances, according to recent reports from KPMG. These developments reflect a broader economic environment fraught with… Read More

July 23, 2025 @ 8:29 am By Omar Faridi  |  

The UK financial sector, a key part of the national economy and the largest global net exporter of financial services, is at a pivotal moment. Recent updates and initiatives from UK Finance, an industry body representing 300 firms, outline a progressive agenda to enable economic… Read More

July 22, 2025 @ 9:15 pm By Omar Faridi  |  

Lloyds Banking Group has reinforced its commitment to driving economic growth and supporting diverse customer segments across the UK. Through its latest UK Sector Tracker, a £4 billion lending boost for first-time buyers, and the launch of a new student account, Lloyds is addressing key… Read More

July 22, 2025 @ 9:41 am By JD Alois  |  

Sunsave, a UK-based solar subscription service, says it has raised £113 million to scale its platform. The Series A funding round was led by Norrsken VC and IPGL and included a £100m debt facility from Crédit Agricole CIB to fund customer installations. Other investors include… Read More

July 21, 2025 @ 10:50 am By JD Alois  |  

The UK aims to establish itself as a global cryptocurrency hub. This being said, they will not tolerate bad actors and hooligans. Last week, the Financial Conduct Authority (FCA) announced that it had “seized” seven crypto ATMs, while arresting two individuals on allegations of operating… Read More

July 21, 2025 @ 8:07 am By Omar Faridi  |  

In a significant step toward broadening its footprint in the real estate financing sector, CapitalRise, an online platform for prime property lending and investing, has entered the fully-commercial property space with a £4 million bridging loan. This deal, announced recently, supports the acquisition of a… Read More

July 21, 2025 @ 8:06 am By JD Alois  |  

Buy Now, Pay Later (BNPL) services have emerged as a popular method for consumers to access credit. Typically offered at the point of sale, BNPL providers can offer immediate credit, frequently at a lower interest rate than traditional credit cards. While providing a good service… Read More

July 20, 2025 @ 5:45 pm By Omar Faridi  |  

Visa (NYSE:V) and Mastercard (NYSE: MA) are once again under legal scrutiny, facing a fresh multi-billion-pound class action lawsuit. The case, lodged in the UK’s Competition Appeal Tribunal, accuses the two companies of imposing excessive interchange fees, which are alleged to violate competition laws. This… Read More

July 17, 2025 @ 9:50 am By Omar Faridi  |  

The latest NatWest Regional Growth Tracker showed improved performances across most parts of the UK in June, with business activity rising in eight out of the 12 nations and regions monitored. The Tracker – which did a survey of businesses operating in the manufacturing and… Read More

July 17, 2025 @ 8:41 am By Omar Faridi  |  

Funding Circle (LSE: FCH), a UK-based SME finance platform, has received a £200 million forward flow agreement with Deutsche Bank. Deutsche Bank, a funder on the Funding Circle platform for more than 10 years now, is said to strengthen its commitment to enabling UK-based SMEs… Read More