Tagged: united kingdom

October 5, 2020 @ 9:04 am By Omar Faridi  |  

UK-based Fintech firm Currensea has introduced a new product for small businesses. The company is offering a debit card for SMBs that aims to leverage the benefits of Open Banking, so that it’s easier to carry out digital transactions. Currensea’s debit card allows SMEs to… Read More

October 5, 2020 @ 8:14 am By JD Alois  |  

Crowdcube and Seedrs, the two dominant crowdfunding platforms in the UK, have put aside any competitive friction and agreed to merge the two platforms subject to regulatory and shareholder approval. The merger will combine the two dominant private investment platforms in the UK while creating… Read More

October 4, 2020 @ 10:42 pm By Samantha Hurst  |  

Wirex, a UK-based payments platform, has successfully secured more than £2.3 million through its equity crowdfunding campaign, which launched less than two weeks ago on Crowdcube. Wirex’s initiative originally sought to raise £1 million and quickly achieved the goal just hours after debut. As previously… Read More

October 4, 2020 @ 10:31 pm By Samantha Hurst  |  

DeadHappy, a UK-based life insurance brand, is set to close its equity crowdfunding campaign on Seedrs with nearly £2.4 million raised. The funding round, which aimed to raise £1.5 million, has attracted more than 950 Seedrs investors. Founded in 2013, DeadHappy stated it exists because… Read More

October 4, 2020 @ 4:53 pm By Omar Faridi  |  

Commonwealth countries are planning to further tap into the potential of Fintech applications. A new toolkit has been introduced to help countries with harnessing the potential of financial technology in order to achieve inclusive economic progress. The toolkit has reportedly been developed as a response… Read More

October 3, 2020 @ 3:44 pm By Omar Faridi  |  

Eddie Lo, Product Manager at US-based crypto exchange Coinbase, notes that one of the “defining characteristics” of digital currencies is that they can be “transacted instantly, anywhere, anytime.” Although this might not be true given the relatively high Bitcoin and Ethereum transaction fees and relatively slow… Read More

October 2, 2020 @ 10:41 pm By Samantha Hurst  |  

Yayzy, a UK-based sustainable banking app, is now nearing £550,000 through its equity crowdfunding campaign on Seedrs. The funding round was launched last month, originally seeking £200,000, and has attracted more than 700 Seedrs investors. Founded in 2019, the Yayzy team has created technology that… Read More

October 2, 2020 @ 2:19 pm By Samantha Hurst  |  

LendInvest a UK-based marketplace for property financing, announced earlier this week it has introduced updates to its Buy-to-Let product range; including raising its LTV and maximum loan limits, and broadening its lending criteria to include first-time landlords and student lets. LendInvest reported it is now… Read More

October 2, 2020 @ 8:20 am By Samantha Hurst  |  

UK-based digital banking group Starling Bank announced on Friday it has launched a new environmental initiative to plant one tree for every successful new personal and business customer referral. Starling Bank has teamed up with Trillion Trees, a joint venture between BirdLife International, Wildlife Conservation… Read More

October 2, 2020 @ 6:25 am By Omar Faridi  |  

Pollen Street Secured Lending (PSSL), a British investment trust (previously called P2P Global Investments) that strategically invests in consumer and SME loans and also in corporate trade receivables, has reportedly appointed a new fund manager after several months of meetings and discussions. Waterfall Asset Manager… Read More

October 2, 2020 @ 5:55 am By JD Alois  |  

Draper Esprit (LSE:GROW) has announced an “accelerated investment strategy to capture a greater share of technology investment opportunities” driven by COVID and the increasing velocity of digital transformation. Announced yesterday, Draper Esprit sought to raise around £100 million in a share placement. The placement was… Read More

October 2, 2020 @ 5:24 am By Omar Faridi  |  

Distribution Finance Capital (DF Capital), a lender that provides various working capital solutions to UK based businesses, has reportedly been granted a full banking license from the Prudential Regulation Authority (PRA). The company is planning to launch a new digital bank, which will focus on… Read More

October 2, 2020 @ 5:19 am By Omar Faridi  |  

Roisin Levine, Head of Banks at Flux, a London based financial services firm that helps users itemize online receipts and delivers them straight to its customers’ banking apps, has confirmed that 2.5 million digital receipts have now been issued. Levine also claims that Flux is… Read More

October 1, 2020 @ 9:38 pm By Samantha Hurst  |  

Less than two weeks after launching its equity crowdfunding campaign on Seedrs, FCA authorized e-Money Institution Ziglu has successfully secured nearly £2.4 million from more than 800 Seedrs investors. Founded in 2018 by former Starling Bank CTO Mark Hipperson, Ziglu states it has built a… Read More

October 1, 2020 @ 1:54 pm By Omar Faridi  |  

Alternative lending platform Greensill has reportedly hired Tracy Clarke, who has been serving as CEO of Europe, the Americas, and Global at Standard Chartered, as a non-executive director. Clarke will be joining Greensill’s board of directors in 2021 after her planned retirement from Standard Chartered… Read More

October 1, 2020 @ 9:14 am By Omar Faridi  |  

UK-based Fintech firm JudoPay, which offers a mobile-first payment platform, has teamed up with Mastercard in order to promote the adoption of touch-free or contactless payment methods. JudoPay’s management noted that Mastercard would be helping the Fintech company with its expansion into the UK, Europe,… Read More

October 1, 2020 @ 8:00 am By Omar Faridi  |  

Rosecut, a wealth management service provider, has introduced free tools that were previously available only to high-net-worth-individuals (HNWIs). The Fintech company’s wealth management software suite has been designed to help clients with planning how to achieve their financial goals or objectives. The Wealthtech suite allows… Read More

October 1, 2020 @ 7:44 am By Omar Faridi  |  

David Goldin, CEO and founder at Capify, a small business lender backed by Goldman Sachs (NYSE:GS), believes that the demand for new loans will rise again after the Australian government announced changes to lending laws and requirements. Capify confirmed that it will start issuing more… Read More

September 30, 2020 @ 3:16 pm By JD Alois  |  

A new study by RUSI and ACAMS tackles the emerging digital assets or cryptoassets ecosystem. According to the survey results, the perception of affiliated risk regarding cryptoassets is mixed with governments and financial institutions seeing cryptocurrency as a significant source of risk. Meanwhile, crypto industry… Read More

September 30, 2020 @ 8:01 am By JD Alois  |  

Funding Circle (LSE:FCH) founder and CEO Samir Desai has purchased 163,017 shares in his company at an average per-share price of £0.6201696 according to a filing with the London Stock Exchange (LSE). Funding Circle went public in 2018 at a price per share of 440… Read More