Tagged: united kingdom

September 1, 2020 @ 2:47 pm By Samantha Hurst  |  

UK based digital bank Monzo announced on Tuesday two new fees for its customers. The fintech startup reported that starting October 31st, it will introduce fees for taking out cash and getting replacement cards. “We’re introducing a 3% fee if you withdraw more than £250… Read More

September 1, 2020 @ 12:05 pm By Samantha Hurst  |  

Chip, a UK-based automatic savings app, announced on Monday it has registered a summer of record growth, as the UK’s savers’ priorities shifted towards financial security and saving in light of the coronavirus pandemic and its impact on the economy. As previously reported, Chip is… Read More

September 1, 2020 @ 10:32 am By Samantha Hurst  |  

UK banking group NatWest recently announced it has enhanced credit scoring, in partnership with TransUnion. NatWest revealed it has integrated further data, using TransUnion’s Consumer Credit Platform, to its banking app, to help enable its customers to become more financially capable.  “Customers using the service… Read More

September 1, 2020 @ 9:04 am By JD Alois  |  

SafeToNet is First Company to Direct List on Seedrs Secondary Market. Seedrs, a leading online investment platform, has opened up its secondary trading platform to any private security. The move was anticipated and previously revealed as Seedrs further leverages its tech stack. Seedrs is the… Read More

August 31, 2020 @ 9:48 pm By Samantha Hurst  |  

Urban, a UK-based wellness mobile for “busy people,” has successfully secured its initial £2 million funding target through its equity crowdfunding campaign on Seedrs. Founded in 2014 by Jack Tang and Giles Williams in response to a wellness industry they considered broken, Urban states it… Read More

August 31, 2020 @ 10:01 am By Samantha Hurst  |  

UK-based challenger bank Tide recently announced it is continuing to pause Tide Bounce Back Loans until the UK government offers direct funding. The update came less than two months after Tide revealed its plans to paused its bounce back loan lending and closed its waiting… Read More

August 31, 2020 @ 9:47 am By JD Alois  |  

Nium, a Fintech payments platform, has received an Electronic Money Institution (EMI) license from the UK Financial Conduct Authority (FCA) to issue e-money and provide cross-border digital payment services in the UK. Nium, based in Singapore, currently offers services in many different countries and reports… Read More

August 31, 2020 @ 7:58 am By Omar Faridi  |  

Customers of UK-based Fintech Unicorn Revolut have reportedly experienced delays when trying to get their salaries which were supposed to be paid this past Friday (August 28, 2020). Users had been complaining about having been left in the dark as they might not have received… Read More

August 30, 2020 @ 10:52 pm By Samantha Hurst  |  

  Green, a UK-based digital energy buying and managing platform, is set to close its Seedrs funding round with nearly £300,000 secured from 630 investors. Founded in 2019, Green describes itself as an energy supplier that was set up with three main goals, which are… Read More

August 30, 2020 @ 3:27 pm By Omar Faridi  |  

BABB (Bank Account Based Blockchain), an FCA authorized payment institution, aims to make it easier and cheaper to send cross-border payments. The company uses the latest technology to “bypass” traditional banking networks and costly third-parties to facilitate international fundraising and peer to peer (P2P) transactions…. Read More

August 29, 2020 @ 2:36 pm By Omar Faridi  |  

London-based SatoshiPay, a Fintech firm that aims to provide fast and affordable payment solutions, has revealed that it has reached a key milestone in establishing its blockchain-enabled clearing platform as a “new standard” for cross-border transactions. The SatoshiPay team notes that, as of August 2020,… Read More

August 29, 2020 @ 12:48 pm By Omar Faridi  |  

Crowd2Fund, an FCA-regulated crowdfunding platform for individual investors and businesses that claims to be the only peer-to-peer platform to offer 5 types of finance, across debt and equity investments, recently revealed that it will be relaunching its platform with a new type of credit model… Read More

August 29, 2020 @ 12:41 pm By Omar Faridi  |  

  London-based Propio, a platform that aims to serve as the home of The Property ISA by providing a “simple, affordable, and tax-efficient way” to invest in property, reveals that it has secured £278,000 in capital from its funding round and the UK government’s Future… Read More

August 28, 2020 @ 5:40 pm By Omar Faridi  |  

Peer to peer (P2P) lending platforms in the UK received significantly fewer complaints during Q1 2020, according to the Financial Ombudsman. As explained on its official website, the Financial Ombudsman Service (FSO) is “a free and easy to use service that [aims to] settle complaints… Read More

August 28, 2020 @ 2:05 pm By Samantha Hurst  |  

CatchApp, a smart productivity software designed to be the one-stop solution for the growing scheduling needs of professionals, SMEs, and Enterprise users, has now raised more than £665,000 through its equity crowdfunding campaign on Crowdcube. The funding round launched earlier this week, originally seeking £500,000…. Read More

August 28, 2020 @ 1:47 pm By Samantha Hurst  |  

NerdWallet, a U.S.-based website and app that provides financial guidance to more than 160 million consumers every year, announced on Thursday it is set to acquire UK-based website, Know Your Money. NerdWallet claims that through the acquisition, it and Know Your Money will provide “the… Read More

August 28, 2020 @ 11:02 am By Samantha Hurst  |  

Echofin, a communication platform for financial teams, is now seeking £300,000 through its equity crowdfunding campaign on Seedrs.  Founded in 2018, Echofin calls itself the “Slack for Traders and Investors.” The company further explained: “What most communication platforms and tools fail to deliver, is the… Read More

August 28, 2020 @ 9:37 am By Omar Faridi  |  

Peer to peer (P2P) lenders in the UK have, at times, been criticized for not being able to offer the best services to their clients. However, they’ve also recently been praised for their overall approach and response to the Coronavirus outbreak which has created many… Read More

August 28, 2020 @ 9:03 am By JD Alois  |  

Binance.UK has joined the crypto-asset trade association CryptoUK as an Executive Member as it seeks to boost its visibility in the UK market. Other executive members include Coinbase, eToro, Ripple, and more. CryptoUK seeks to encourage a set of best practices along with a Code… Read More

August 28, 2020 @ 8:48 am By JD Alois  |  

Assetz Capital is reporting that its secondary market has processed around 4,000 trades totaling around £6 million in its first two weeks of operations. The company states that buyers took advantage of discounts and sellers took advantage of that demand to withdraw some capital quicker… Read More