Tagged: united kingdom

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

September 21, 2020 @ 8:23 am By Samantha Hurst  |  

    Wirex, a UK-based payments platform, announced on Monday it launched its first crowdfunding campaign through equity crowdfunding platform Crowdcube. Wirex reported it is now seeking to raise £1 million. Founded in 2014, Wirex is a UK FCA-licenced global digital payment platform that has… Read More

September 18, 2020 @ 8:15 pm By Omar Faridi  |  

Kate MacDonald, New Zealand Government Fellow at the World Economic Forum, and Lofred Madzou, Project Lead, AI and Machine Learning at the World Economic Forum have published a report that explains how AI can benefit everyone. According to MacDonald and Madzou, artificial intelligence can improve… Read More

September 18, 2020 @ 2:55 pm By Samantha Hurst  |  

RoosterMoney, a UK-based money managing mobile app, is now seeking to raise a minimum of £2.1 million through its equity crowdfunding campaign on Crowdcube. Founded in 2015, RoosterMoney claims it transforms the way families manage pocket money. “Our mission is to take children from their… Read More

September 17, 2020 @ 2:49 pm By Samantha Hurst  |  

Boring Money, a UK-based startup that helps users make better financial choices by offering investment/pension guides, quickly surpassed its initial £300,000 funding target and is now nearing £730,000 raised through its equity crowdfunding campaign on Crowdcube. Founded in 2015, Boring Money states it blends quantitative… Read More

September 17, 2020 @ 9:15 am By JD Alois  |  

Newly minted SME focused bank, Allica Bank, has closed on a £26 million funding round led by Warwick Capital Partners – the majority shareholder in the firm. This announcement included the news that Allica intends on raising a further £100 million to pursue its vision… Read More

September 17, 2020 @ 8:34 am By JD Alois  |  

Following final approval from the Financial Conduct Authority (FCA) Cornerstone has completed the acquisition of FXPress Payment Services – a regulated Authorised Payment Institution providing cross-border payment services. Cornerstone will now operate as Cornerstone FS plc. Additionally, Cornerstone says it has received the consent of… Read More

September 17, 2020 @ 8:14 am By Samantha Hurst  |  

  Wirex, a UK-based payments platform, announced on Thursday it is firing a “warning shot” at its competitors by launching a comprehensive product overhaul, along with a new Mastercard. According to Wirex, the overhaul kicked off with the release of new features, which includes five… Read More

September 16, 2020 @ 4:26 pm By Samantha Hurst  |  

Less then a year and a half after raising £120,568 through its previous equity crowdfunding campaign on Seedrs, real estate source platform, Infabode, has made a return to the funding platform to raise an additional £300,000. As previously reported, Infabode connects its community of users… Read More

September 15, 2020 @ 11:53 pm By Omar Faridi  |  

The digital technology sector in Scotland has reportedly been growing as fast (if not faster) than that of London and the South East for the past few years. E-commerce giant Amazon is now planning to create new jobs for the residents of Dundee and Fife…. Read More