Tagged: united kingdom

September 28, 2020 @ 2:20 pm By Samantha Hurst  |  

Urban, a UK-based wellness mobile for “busy people,” has closed its equity crowdfunding campaign on Seedrs with nearly £5.9 million raised. The funding round, which attracted more than 900 investors, was launched last month and quickly secured its initial £2 million funding goal. As previously… Read More

September 28, 2020 @ 9:05 am By JD Alois  |  

Payments Fintech Wirex has quickly raised £1.2 million with the first £1 million arriving in an hour and a half today crowdfunding on Crowdcube, according to a note from the company. The securities offering just entered its public stage and now sits at £1.446 million… Read More

September 27, 2020 @ 10:42 pm By Samantha Hurst  |  

  @Pizza, a UK-based pizza brand, has quickly secured its initial £820,000 funding target just days after launching its equity crowdfunding campaign on Crowdcube. The company is now aiming is to give consumers the best pizza they have ever had, every time. “Consumers crave new… Read More

September 27, 2020 @ 10:18 pm By Samantha Hurst  |  

RoosterMoney, a UK-based money managing mobile app, is now nearing £2.1 million through its equity crowdfunding campaign on Seedrs. The funding round was launched less than two weeks ago and has already attracted more than 440 Seedrs investors. As previously reported, RoosterMoney was founded in… Read More

September 27, 2020 @ 6:16 pm By Omar Faridi  |  

Mo Ali Yusuf, the VP at Checkout.com for the MENA and Asia Pacific Region, says he’s looking forward to teaming up with NiFT and the Fintech ecosystem in Pakistan in order to support the growth of digital commerce and virtual payments in the country. Pakistan’s… Read More

September 25, 2020 @ 11:16 am By Samantha Hurst  |  

Savings App Chip is set to close its Future Fund round hosted on Crowdcube with more than 11.3 million raised from 1945 investors. The campaign made its debut on the equity crowdfunding platform earlier this month, originally seeking £2 million, which was raised in under… Read More

September 25, 2020 @ 10:25 am By JD Alois  |  

  The Cambridge Centre for Alternative Finance (CCAF) at the Cambridge Judge Business School has released its 3rd report covering the digital asset sector with the Global Cryptoasset Benchmarking Study.  CCAF is the leading research institute in the world in regards to Fintech innovation including… Read More

September 24, 2020 @ 11:04 pm By JD Alois  |  

In a statement today, the UK Chancellor of the Exchequer Rishi Sunak announced an extension of Coronavirus programs that support impacted businesses. The Chancellor announced that the Bounce Back Loan scheme will offer greater repayment flexibility for firms including an extension of the length of… Read More

September 24, 2020 @ 11:02 pm By Samantha Hurst  |  

Gemini Trust Company, LLC (Gemini), a cryptocurrency exchange and custodian, announced on Wednesday its launch in the UK. The platform reported that it is now offering its services in pound sterling (GBP) and its UK launch comes just after the Financial Conduct Authority (FCA) granted… Read More

September 24, 2020 @ 9:08 am By JD Alois  |  

Property finance Fintech LendInvest has integrated with SIRA, a national fraud prevention and detection database using a service from Synectics Solutions. The move is designed to speed up retrieval of fraud insights for mortgage applications. LendInvest says it has also integrated with SIRA’s API to… Read More

September 23, 2020 @ 10:04 am By JD Alois  |  

Transferwise, a Fintech unicorn and fast-growing stealth bank, has published its annual report for the fiscal year ending March 2020. According to the document, Transferwise’s annual profit more than doubled to £20.4 million during the year – the fourth year in a row that the… Read More

September 23, 2020 @ 7:55 am By JD Alois  |  

The British Business Bank has distributed some data points pertaining to the Future Fund on the 711 individual companies that have been approved to receive £720 million via convertible securities offerings. The Future Fund is a COVID support program that is seeking to support early-stage… Read More

September 22, 2020 @ 11:49 pm By Omar Faridi  |  

JustUs, a UK-based peer to peer (P2P) lender, has reportedly started taking applications for the Small Business Interruption Loan Service (SBILS) in order to offer funding for companies that might not have been able to acquire financial assistance via the Coronavirus Business Interruption Loan Scheme… Read More

September 22, 2020 @ 8:19 am By JD Alois  |  

Currencycloud and Tribe Payments are partnering on a new “Banking-as-a-Service” solution for Fintechs and digital banks, according to a note from the company. Currencycloud is a global, multi-currency account provider where customers are able to collect, convert, pay, and manage multiple currencies, anywhere in the… Read More

September 22, 2020 @ 8:03 am By Omar Faridi  |  

MarketFinance, one of the world’s largest peer-to-peer (P2P) invoice finance platforms, has cautioned that many UK-based SMEs could soon run out of cash. This, as the government-backed funding schemes are scheduled to end soon. The Coronavirus Business Interruption Loan Scheme (CBILS) will end on September… Read More

September 21, 2020 @ 10:22 pm By Samantha Hurst  |  

Boring Money, a UK-based startup that helps users make better financial choices by offering investment/pension guides, is now nearing 900,000 in funding through its equity crowdfunding campaign on Crowdcube. The company’s funding round made its debut earlier this month, originally seeking £300,000.  As previously reported,… Read More

September 21, 2020 @ 2:30 pm By JD Alois  |  

Bilderlings, a UK based Fintech, has launched a mobile app for managing current accounts, according to a release. The app is expected to help businesses and individuals keep track of their funds and perform basic account operations from a mobile device. Bilderinlings’ app’s main feature… Read More

September 21, 2020 @ 2:17 pm By Samantha Hurst  |  

  Echofin, a communication platform for financial teams, has successfully secured its initial £300,000 funding target through its equity crowdfunding campaign on Seedrs. The initiative launched last month and has attracted nearly 140 Seedrs investors.  As previously reported, Echofin was founded in 2018 and calls… Read More

September 21, 2020 @ 10:21 am By Samantha Hurst  |  

UK financial API provider TrueLayer announced on Monday it secured $25 million through its Series C funding round. TrueLayer revealed that the investment takes the total amount it has raised to $72 million. Founded in 2016, TrueLayer describes itself as a technology company that provides… Read More

September 21, 2020 @ 9:08 am By JD Alois  |  

FCA authorized e-Money Institution Ziglu kicked off a crowdfunding round on Seedrs today and quickly topped its £1 million goal. The offering is live for up to 40 more days. According to the offering page, Ziglu is selling equity in the company at a pre-money… Read More