Tagged: united kingdom

September 4, 2020 @ 10:04 am By Samantha Hurst  |  

TiPJAR, a UK-based cashless and contactless tipping platform, has raised nearly £575,000 through its equity crowdfunding campaign on Crowdcube. The funding round was launched last month, originally seeking £300,000, and has attracted more than 980 Crowdcube investors so far. As previously reported, TiPJAR’s platform was… Read More

September 4, 2020 @ 8:48 am By Omar Faridi  |  

CB Insights, a private New York based firm with a business analytics platform and database that offers market intelligence on private companies and investor activities, recently published its Fintech 250 (2020), which is its annual ranking of what it considers the “top” private global Fintech… Read More

September 3, 2020 @ 3:10 pm By Samantha Hurst  |  

Moteefe, a UK-based e-commerce platform for on-demand production of merchandise, has reportedly secured $11 million through its Series B funding round, which was led by BGF. Founded in 2014 and launched in 2016, Moteefe describes itself as a global print-on-demand that enables entrepreneurs, brands, and… Read More

September 3, 2020 @ 8:09 am By Samantha Hurst  |  

UK fintech Zilch announced on Thursday it secured $10 million through its latest funding round. Founded in 2018, Zilch offers a Buy Now Pay Later service that allows users to pay for a purchase in the course of six weeks without any fees or interest…. Read More

September 2, 2020 @ 10:50 am By Samantha Hurst  |  

Crowdcube, the largest crowdfunding platform by volume in the UK, reportedly saw some exception numbers of companies using its funding portal in August. Co-Founder and CMO of Crowdcube, Luke Lang, announced the platform saw £21 million raised, 27,000 investments, and 16 businesses secure funding during… Read More

September 1, 2020 @ 3:37 pm By Samantha Hurst  |  

  Fintech Unicorn and stealth bank Transferwise announced on Tuesday it is now introducing GBP and EUR direct debits. Through the new feature, users may now set up Direct Debits to pay bills and subscriptions across Europe from their TransferWise account. “Whether you’re living in… Read More

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