Tagged: united kingdom

October 19, 2020 @ 12:43 pm By JD Alois  |  

Funding Xchange, a marketplace for UK lenders, has published its Q4 Monitor Report on SME lending and, according to its research, there are signs of a “tentative” recovery in the UK. As one may anticipate, SME lending tanked as COVID consumed the world. In fact,… Read More

October 19, 2020 @ 8:28 am By JD Alois  |  

Curve Credit has selected Thought Machine’s Vault product to power its online lending service, according to a note from the company. Curve is an aspiring digital bank that enables its users to consolidate cards and accounts into a single app and smart card. Curve offers a… Read More

October 19, 2020 @ 8:02 am By Omar Faridi  |  

The COVID-19 crisis has led to major changes in how financial services professionals prefer to do their jobs in the future. Around 50% of workers in the financial sector say they would like to keep working from the comfort of their home for at least… Read More

October 18, 2020 @ 10:56 pm By Samantha Hurst  |  

Less than two weeks after launching its equity crowdfunding campaign on Crowdcube, Phlo, a UK-based on-demand digital pharmacy, has successfully secured raised more than £1.8 million from nearly 410 Crowdcube investors. The round achieved its initial £1.65 million funding target in a matter of days…. Read More

October 18, 2020 @ 10:48 pm By Samantha Hurst  |  

Upside Saving, a UK-based open-banking-marketing-platform connects Brands with consumers by offering frictionless cashback, is set to close its equity crowdfunding campaign on Seedrs with more than £330,000 raised. The funding round was launched earlier this month and has attracted over 315 Seedrs investors. As previously… Read More

October 18, 2020 @ 3:35 pm By Omar Faridi  |  

An investor has reportedly been attempting to get her funds out of one of the UK’s largest peer to peer (P2P) lending platforms, RateSetter, since August 2020. According to a report from the Guardian, the investor (Michelle Johnson) was told by RateSetter’s management that her… Read More

October 16, 2020 @ 9:14 pm By Samantha Hurst  |  

Less than six months after securing £1.1 million through its previous Crowdcube campaign, Clim8, an App-based startup for sustainable investing, has returned to the equity crowdfunding platform and has quickly secured more than £885,000 from nearly 785 Crowdcube investors. As previously reported, Clim8 is looking… Read More

October 15, 2020 @ 3:04 pm By Samantha Hurst  |  

  Renewable investment platform Abundance has now raised nearly £620,000 in funding through its latest Seedrs campaign. The funding round, which has so far attracted more than 475 Seedrs investors, launched last month and quickly raised its initial £350,000 funding target.  As previously reported, Abundance… Read More

October 14, 2020 @ 3:15 pm By Samantha Hurst  |  

PayPal announced on Wednesday the launch of PayPal Pay in 3, which will enable UK businesses of all sizes to offer buy now, pay later payments without taking on additional risk, or paying additional fees. PayPal reported through PayPal Pay in 3, businesses can offer… Read More

October 14, 2020 @ 3:03 pm By Samantha Hurst  |  

Stark, a blockchain connected software application, has surpassed its initial £120,000 funding target through its equity crowdfunding campaign on Crowdcube. Founded in 2018, Stark describes itself as a connected blockchain technology company that enables private and public companies to accept and process new forms of… Read More

October 14, 2020 @ 8:03 am By Samantha Hurst  |  

Wirex, a UK-based payments platform, has completed its equity crowdfunding campaign on Crowdcube with a total of £3,701,909 secured. The funding round, which secured its initial £1 million funding target just 90 minutes after its platform debut, attracted 6925 Crowdcube investors. As previously reported, Wirex… Read More

October 14, 2020 @ 7:41 am By Omar Faridi  |  

Adrian Blair, CEO at Receipt Bank, which uses machine learning (ML) to boost productivity for 400,000 small businesses and 50,000 accountants in 110 countries, has confirmed that the company has launched Receipt Bank Pay. Blair claims that it’s the only app in the UK for… Read More

October 14, 2020 @ 7:38 am By Omar Faridi  |  

A recent Fintech study reveals that digital banking apps are now beginning to lag behind online trading apps (in Germany) which grew by 140%. Despite the COVID-19 outbreak, German consumers have not been using mobile banking apps as much as expected, according to a study… Read More

October 13, 2020 @ 10:13 pm By Samantha Hurst  |  

Phlo, a UK-based on-demand digital pharmacy, has successfully secured its initial £1.65 million funding target on equity crowdfunding platform Crowdcube. The funding round, which recently launched, has already attracted more than 260 Crowdcube investors Launched late last year, Phlo claims it is on a mission… Read More

October 13, 2020 @ 3:15 pm By JD Alois  |  

Last week, the UK Financial Conduct Authority announced a ban on the sale of crypto derivatives and exchange-traded notes (ETNs) that for retail investors. The ban, which goes into effect on January 6, 2021, has no impact on spot trading of cryptoassets. Some crypto-industry insiders criticized… Read More

October 13, 2020 @ 11:59 am By JD Alois  |  

A speech delivered today by Victoria Cleland, Executive Director, Banking, Payments, and Innovation at the Bank of England, tackled the topic of faster payments and cross-border transfers. Cleland highlighted the three-stage process to advance cross border payments being pursued at the international level and then… Read More

October 13, 2020 @ 9:40 am By JD Alois  |  

Digital bank Starling Bank is now offering PayStream, an online accounting platform, as an integrated option. The service has been part of Starling’s Marketplace since February. In a blog post, Starling says it has now developed a new integration with PayStream, focused on bookkeeping that… Read More

October 13, 2020 @ 8:12 am By Samantha Hurst  |  

UK digital banking group Tandem announced on Tuesday it has appointed Barclays vet and former CEO of Allium, Paul Noble, has been appointed its new Chief Commercial Officer. This news comes less than two months after Tandem acquired Allium.  As previously reported,  Allium notably has… Read More

October 12, 2020 @ 4:31 pm By Samantha Hurst  |  

Wirex, a UK-based payments platform, is set to close its equity crowdfunding campaign on Crowdcube with more than £3.1 million secured. The funding round was launched last month and has already attracted nearly 6050 Crowdcube investors. As previously reported, Wirex is a UK FCA-licenced global… Read More

October 12, 2020 @ 4:20 pm By Samantha Hurst  |  

Upside Saving, a UK-based open-banking-marketing-platform connects Brands with consumers by offering frictionless cashback, has successfully secured its initial £300,000 funding target on equity crowdfunding platform Seedrs. Upside Saving’s campaign has already attracted more than 200 Seedrs investors. Founded in earlier this year, Upside Saving is… Read More