Tagged: united kingdom

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

October 26, 2020 @ 2:45 pm By Samantha Hurst  |  

FCA authorized e-Money Institution Ziglu is set to close its equity crowdfunding campaign on Seedrs with more than £2.9 million raised. The funding round was launched last month and quickly secured its initial £1 million funding target. The campaign also attracted over 1100 Seedrs investors…. Read More

October 26, 2020 @ 9:43 am By JD Alois  |  

Trading in both equities and cryptoassets is dominated by institutional money with automated trading platforms. Sophisticated algorithms analyze data rapidly to make trading decisions and hopefully generate gains. Coinrule, a cryptocurrency trading startup, wants to offer a similar service to retail investors and the company… Read More

October 26, 2020 @ 8:34 am By Samantha Hurst  |  

PrimaryBid, an online funding platform that enables investors to gain access to placings of AIM-listed companies, it secured $50 million through its Series B investment round. According to PrimaryBid,  the investment follows a period of growth in 2020, which includes the platform offering retail investors… Read More

October 25, 2020 @ 10:54 pm By Samantha Hurst  |  

Crowdcube, one of the leading UK investment crowdfunding platforms, recently announced it has celebrated a  new milestone: now having one million members. The funding portal reported its community has made more than 800,000 investments, with £1 billion having been invested in campaigns. Founded in 2010,… Read More

October 24, 2020 @ 11:31 am By JD Alois  |  

Earlier this month, the two leading investment crowdfunding platforms in the UK, Crowdcube and Seedrs, announced a proposed merger that would create the dominant online capital formation platform in the UK. Between the two firms, a merger would create not only the top platform in… Read More

October 24, 2020 @ 10:55 am By Omar Faridi  |  

TrueLayer, a computer software firm that enables companies to capitalize on new Open Banking initiatives in the UK, will be expanding its operations into Australian markets. TrueLayer has hired Brenton Charnley to lead its expansion into Australia’s Fintech sector. Charnley is the founder of Alpha39… Read More

October 23, 2020 @ 11:01 pm By Samantha Hurst  |  

@Pizza, a UK-based pizza brand, is set to close its equity crowdfunding campaign on Crowdcube with nearly £1.2 million raised from more than 1300 Crowdcube investors. The funding round was launched last month and quickly secured its initial £820,000 funding target. As previously reported, @Pizza… Read More

October 23, 2020 @ 10:53 pm By Samantha Hurst  |  

  Hoddle, a UK-based mobile banking app, announced recently announced it has made it’s beta launch debut. Founded in 2018, Hoddle describes itself as a banking app that helps users save money and “bank better.” The app connects existing accounts using open banking to gain… Read More

October 23, 2020 @ 11:04 am By JD Alois  |  

The Future Fund is part of a portfolio of COVID support programs that targets early-stage firms. Under the scheme, the UK government will match funding in a convertible securities offering thus supporting these smaller firms during a challenging time. It is anticipated that most of… Read More

October 22, 2020 @ 2:44 pm By Omar Faridi  |  

Emburse, a company focused on providing expense management solutions and accounts payable automation, has introduced Emburse Global Reimbursements – which is powered by global money transfer service provider, TransferWise (which recently booked its 4th year of profitability while processing £67 billion in transfers in the… Read More

October 22, 2020 @ 8:38 am By JD Alois  |  

LendInvest, a top property finance platform, says that bridge applications delivered a record quarter in Q3. Signed bridge loan applications were up 65% year-on-year for Q3 2020 compared to the same period in 2019, according to LendInvest. LendInvest reported a significant increase in signed applications… Read More

October 21, 2020 @ 8:56 am By JD Alois  |  

Earlier this month, the UK Financial Conduct Authority (FCA) announced a ban on the sale of crypto derivatives and exchange-traded notes (ETNs) that reference cryptoassets for retail investors. The ban is scheduled to go into effect on January 6, 2021. Many cryptoasset insiders have criticized… Read More

October 21, 2020 @ 8:28 am By JD Alois  |  

Crowdcube, the largest investment crowdfunding platform by volume in the UK, is reporting strong Q3 revenues, according to a blog post. Crowdcube said that as the COVID-19 health crisis lingers is marketplace continues to deliver solid results. In Q3, Crowdcube generated top-line revenue of £2.67… Read More

October 21, 2020 @ 12:38 am By Omar Faridi  |  

UK-based Modulr, a Payments as a Service API Platform for digital businesses, has revealed that its Dublin-based entity is now licensed as an electronic money institution (EMI) by the Central Bank of Ireland. The Modulr team noted: “This is an important step in enabling our… Read More

October 20, 2020 @ 11:02 pm By Omar Faridi  |  

Steve Robson, MD at CapitalStackers, a UK-based peer to peer (P2P) lending platform focused on real estate finance, notes that they’re working with a new borrower, a new location, and also a new bank. The company states in a blog post: “A highly attractive scheme… Read More

October 20, 2020 @ 9:08 am By Samantha Hurst  |  

UK based digital bank Monzo announced on Tuesday the launch of its Monzo Premium account. The new account will feature Monzo’s first metal card, which is made from a single 16g sheet of steel, complete with a “precision-engraved” logo and a white finish.” The account… Read More