Tagged: united kingdom

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

August 28, 2020 @ 7:54 am By Omar Faridi  |  

The UK’s Nationwide Building Society (NBS), a British mutual financial institution, the seventh largest cooperative financial institution and the world’s largest building society with 15 million members, has introduced a cloud-native Speed Layer so that it can quickly launch new products and services. Headquartered in… Read More

August 27, 2020 @ 8:36 am By JD Alois  |  

As part of its ongoing mission to scale and add new services while providing a robust online capital formation platform, Seedrs has launched its “Seedrs Angel Network” and affiliated Angel Investor deal room. According to a Tweet, the new platform is to provide Angel Syndicates… Read More

August 27, 2020 @ 7:00 am By Omar Faridi  |  

We recently caught up with Yann Murciano, CEO at Blend Network, an online peer to peer (P2P) property lending platform. Murciano discussed how he believes P2P lending has democratized investing for millions of investors. Blend Network connects lenders directly with borrowers. Lenders are able to… Read More

August 26, 2020 @ 8:59 am By JD Alois  |  

In partnership with Abundance Investment, Warrington Borough Council is raising £1 million via a Community Municipal Investment (CMI), as part of an effort to beat the UK government’s 2050 net-zero target by a full 20 years, according to a note from the crowdfunding platform. Abundance… Read More

August 26, 2020 @ 8:01 am By JD Alois  |  

Wirex, a UK-based Fintech, has announced a partnership with Railsbank to provide Wirex cards in the APAC region. The move is emblematic of the rapid shift away from Wirecard (WDI:DE) a German Fintech now in bankruptcy proceedings. Wirex also facilitates cryptocurrency payments. Railsbank is a… Read More

August 25, 2020 @ 6:37 pm By Omar Faridi  |  

The Aave protocol, an open-source and non-custodial DeFi protocol to earn interest on digital asset deposits while also being able to borrow assets, has been awarded an Electronic Money Institution (EMI) license by the UK’s financial regulator, the Financial Conduct Authority (FCA). Aave Ltd received… Read More

August 25, 2020 @ 4:04 pm By Samantha Hurst  |  

TiPJAR, a UK-based cashless and contactless tipping platform, has successfully secured nearly £500,000 through its equity crowdfunding campaign on Crowdcube. The funding round launched earlier this month, with the original goal of raising £300,000. TiPJAR revealed that its platform was designed for hospitality staff. The… Read More

August 25, 2020 @ 12:31 pm By Omar Faridi  |  

UK-based Fintech firm Paysend, which focuses on global payments, has revealed that it will be working with Alipay to offer new cross-border money transfer options that aim to bring more seamless and inclusive financial services to consumers throughout the world. Paysend claims that its agreement… Read More

August 25, 2020 @ 10:52 am By Omar Faridi  |  

UK-based Fintech Paymentology, a company that offers a cloud-powered payments processing solution, has introduced a global credit card processing platform, called Credit Works. Credit.Works aims to fill a key requirement in the Fintech and financial sector’s credit card processing space which Paymentology claims have lagged… Read More

August 24, 2020 @ 4:18 pm By Omar Faridi  |  

UK-based Fintech firms claim that they have been unfairly excluded from government-backed investment programs. Fintech business owners say that there has to be a stronger push for proper regulations for the sector, according to a recent survey released by the Digital Finance Forum (DFF). DFF… Read More

August 24, 2020 @ 10:04 am By JD Alois  |  

In July, Seedrs revealed an update to its Secondary Market that enabled dynamic pricing (or variable pricing) for securities trading on its in-house marketplace. Seedrs explained at that time that previously a seller would list shares on the Seedrs Secondary Market at a price determined… Read More

August 24, 2020 @ 9:19 am By Samantha Hurst  |  

  UK digital banking group Tandem has acquired “green” lender Allium for  £60 million, Mortgage Finance Gazette reports.  According to the media outlet, Tandem purchased the Allium platform to boost its environmental credentials. Allium notably has a very “clear” focus on lending to improve homes… Read More

August 24, 2020 @ 9:03 am By JD Alois  |  

Zopa, a digital bank and online lender, has published the interest rates affiliated with its savings accounts. According to a note from the Fintech, savers may generate interest from 1.05% to 1.3% – depending on the term. Zopa’s Fixed Term Savings accounts are available today… Read More

August 23, 2020 @ 10:59 pm By Samantha Hurst  |  

JPMorgan Chase, the largest bank in the US and sixth-largest in the world in terms of assets, is planning to launch a UK challenger bank in the first quarter of 2021, Sky News recently reported. The media outlet revealed that the launch is considered a… Read More