Tagged: united kingdom

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

October 12, 2020 @ 2:13 pm By Omar Faridi  |  

Binance alum Fetch.ai, an established blockchain-focused AI firm launched by former DeepMind investors and developers, had introduced Mettalex, a “decentralized” crypto and commodities derivatives trading platform (back in August 2020). Mettalex had stated in August that it would be working with a consortium of steel… Read More

October 10, 2020 @ 1:55 pm By Omar Faridi  |  

  UK-based Fintech firm and stealth bank TransferWise, which recently booked its 4th year of profitability while processing £67 billion in transfers in the past year, has published its Q3 2020 report which goes over how the company has been focusing on its goal of… Read More

October 9, 2020 @ 10:46 pm By Samantha Hurst  |  

  Yayzy, a UK-based sustainable banking app, is set to close its equity crowdfunding campaign on Seedrs with more than £625,000 in funding secured. The round launched last month, originally seeking £200,000, and has attracted 865 Seedrs investors. As previously reported, the Yayzy team has… Read More

October 9, 2020 @ 9:50 pm By Omar Faridi  |  

Funding Circle (LSE: FCH), an SME lender that facilitates loans in both the US and parts of Europe, notes that the Coronavirus Business Interruption Loan Scheme (CBILS) was originally scheduled to end on September 30, 2020. But the UK government has confirmed that the CBILS… Read More

October 9, 2020 @ 10:00 am By JD Alois  |  

The LSE Group has issued a statement on the proposed divestment of Borsa Italiana Group in a transaction with Euronext. The deal will see a sale to Euronext for an equity value of €4.325 billion, plus an additional amount reflecting cash generation to completion. The… Read More

October 9, 2020 @ 8:31 am By Omar Faridi  |  

UK-based Fintech Payhawk, a corporate expense management solution provider that secured €3 million in seed funding in March 2020, notes that “the ticket to ride the rollercoaster of hype in any emerging technology is expensive.” Hristo Borisov, the co-founder and CEO at Payhawk who’s focused… Read More

October 8, 2020 @ 10:23 pm By Samantha Hurst  |  

Wirex, a UK-based payments platform, has secured more than£2.7 million raised through its equity crowdfunding campaign on Crowdcube. The funding round, which quickly secured its initial £1 million minimum target, has so far attracted nearly 5260 Crowdcube investors. As previously reported, Wirex is a UK FCA-licenced… Read More

October 8, 2020 @ 10:10 am By Samantha Hurst  |  

UK-based cryptocurrency exchange platform coinpass recently announced it has crypto asset trade association, CryptoUK.  Founded in 2018, coinpass aims to deliver an on-ramp platform and trading experience that enables novice and professional traders and businesses to use its trading platform as a way to access… Read More

October 8, 2020 @ 8:57 am By JD Alois  |  

Monument Bank has received regulatory approval this week to operate under a restricted license receiving a green light from the Financial Conduct Authority and Prudential Regulation Authority. Monument Bank seeks to cater to the affluent providing a service that is just a click away as… Read More

October 7, 2020 @ 2:37 pm By Samantha Hurst  |  

  Less than two years after securing more than £1.5 million through its previous crowdfunding campaign on Seedrs, renewable investment platform Abundance has returned to the funding portal and quickly surpassed its £350,000 funding target and is now nearing £535,000.  As previously reported, Abundance launched… Read More

October 7, 2020 @ 10:08 am By JD Alois  |  

The  British Business Bank has issued a response to a review by the National Audit Office Investigation into the Bounce Back Loan Scheme (BBLS).  The British Business Bank notes that the report highlights that the Bounce Back Loan scheme has succeeded in quickly supporting smaller… Read More

October 7, 2020 @ 7:44 am By JD Alois  |  

Raisin, a European Fintech that leverages open banking to offer a deposit marketplace, says growth in the UK has topped expectations in spite of the ongoing COVID-19 health challenge. Raisin claims it is going “against trend” and has passed its 2020 annual growth target of… Read More

October 7, 2020 @ 7:13 am By JD Alois  |  

Assetz Capital, a peer to peer lenders, says it has completed its securities offering on Seedrs that was matched by Future Fund money. In total, Assetz Capital raised £1.5 million with half of that amount coming from retail investors. The Future Fund is used for… Read More

October 6, 2020 @ 2:50 pm By JD Alois  |  

B-North, a Fintech that is looking to acquire a bank license, is raising capital on Growth Capital Ventures (GCV). According to the offering page, B-North has raised over £1.23 million – topping its hurdle of £500,000. Craig Peterson, co-founder and chief operating officer of GCV,… Read More

October 6, 2020 @ 10:43 am By Omar Faridi  |  

Stephen Murphy, CEO at Genesis, a leading Low Code Application Platform (LCAP) and solution provider for the financial markets, has confirmed that his company has received a “strategic” investment from Citi (NYSE:C). The capital will be used to accelerate the growth of the company’s operations… Read More