Tagged: united kingdom

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

November 1, 2020 @ 10:38 pm By Omar Faridi  |  

Payments platform Stripe is reportedly moving its operations to Dublin due to Brexit. Most European customers will be processed locally (beginning on November 19, 2020). Stripe’s management confirmed that they’re moving payment processing for most of their European clients to the firm’s Irish-regulated business entity… Read More

October 30, 2020 @ 11:30 am By Omar Faridi  |  

We recently connected with Roxana Mohammadian-Molina, the Chief Strategy Officer at Blend Network, an online peer to peer (P2P) property lending platform. Roxana talked about how the UK real estate market is performing. She also discussed how her company has managed to maintain operations during… Read More

October 30, 2020 @ 10:37 am By JD Alois  |  

The Global Financial Innovation Network (GFIN), an international Fintech regulatory initiative created by the UK Financial Conduct Authority, will be hosting a cross-border testing initiative that will include 23 different regulators from 5 different continents. In 2019, GFIN completed a cross-border testing pilot. GFIN is… Read More

October 29, 2020 @ 10:53 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, noted that it wasn’t too long ago that the Aave governance protocol went live on the Ethereum mainnet. The… Read More

October 29, 2020 @ 4:14 pm By Samantha Hurst  |  

Twin Science & Robotics, a new educational experience that up skills children with physical and digital products, has successfully surpassed its initial £750,000 campaign funding target through equity crowdfunding platform Seedrs. The funding round has so far attracted more than 200 Seedrs investors.  Founded in… Read More

October 29, 2020 @ 8:18 am By JD Alois  |  

Draper Esprit (LSE: GROW, Euronext Growth: GRW), a venture capital firm that invests in a variety of digital businesses including Fintechs, has posted a mid-year update regarding its portfolio ahead of results scheduled for release on November 30, 2020. According to Draper Esprit, it has… Read More

October 29, 2020 @ 7:57 am By Omar Faridi  |  

UK-based Modulr, a Payments as a Service API Platform for digital businesses, has introduced physical cards that are now available via its platform. The Modulr team noted: “Following popular demand, we have launched a card-issuing API, completing an end-to-end, one-stop solution for an entire card… Read More

October 29, 2020 @ 12:24 am By JD Alois  |  

CrowdProperty reports that it has now lent over £100,000,000 to SME property professionals. This number includes more than 1,100 homes with a value over £200 million. CrowdProperty states that these loans have enabled over £80 million spent on labor, materials, and other services  – thus… Read More

October 28, 2020 @ 10:29 am By Omar Faridi  |  

UK-based businesses might be “sleepwalking” into a major payments crisis, according to a recent report from Modulr, a Payments as a Service API Platform for digital businesses. The report reveals that payment processes cost UK businesses a substantial £1.5m (or 12% of Opex) with costs… Read More

October 28, 2020 @ 10:19 am By JD Alois  |  

Assetz Capital, a peer to peer lender that originates secured loans, has received an additional £25 million from the British Business Bank for the UK Coronavirus Business Interruption Loan Scheme (CBILS). In March, Assetz Capital received £15 million from the British Business Bank to help… Read More

October 28, 2020 @ 9:27 am By JD Alois  |  

The Cambridge Centre for Alternative Finance (CCAF), the leading research institute covering the global Fintech sector, has partnered with the World Bank on a study reviewing the impact of COVID-19 on Fintech and regulation. As finance is one of the most regulated sectors of industry… Read More

October 28, 2020 @ 12:02 am By JD Alois  |  

Zopa, formerly a peer to peer lender and now a regulated digital bank, has launched its first credit card that is said to be designed to help customers stay in control of their money and their debt. Zopa says its credit card provides a feature called ”Safety Net”  which allows customers to lock… Read More

October 27, 2020 @ 10:19 pm By JD Alois  |  

Paytia, has raised £1.2 million in a “pre-series A seed” round led by Bloc Ventures. Paytia is a specialist firm that enables businesses to take payments over the phone in a compliant manner. Founded in 2016 in Southampton, Paytia’s technology is said to ensure that… Read More

October 26, 2020 @ 4:10 pm By Omar Faridi  |  

Venture capital funding for Fintech firms is down, however, large banks are “quietly” investing in startups, according to a report published by S&P Global Market Intelligence. VC funding available for Fintech companies may have declined due to the COVID-19 pandemic, however, established European banks are… Read More