Tagged: united kingdom

August 10, 2020 @ 12:51 pm By Omar Faridi  |  

Strong Customer Authentication (SCA) testing performed by tech giant Microsoft reveals that consumers are actually leaving their planned purchases at relatively high rates when challenged at the time of checkout. SCA is a European regulatory requirement that aims to reduce or eliminate fraudulent activities and… Read More

August 9, 2020 @ 10:18 pm By Samantha Hurst  |  

  Nude, a home savings app, is set to close its equity crowdfunding campaign on Seedrs with more than £3.53 million raised from over 780 Seedrs investors. As previously reported, Nude describes itself as a savings account and financial friend for first-time home buyers. The… Read More

August 9, 2020 @ 9:40 pm By JD Alois  |  

The British Business Bank says the Coronavirus loan schemes are benefiting businesses in all corners of the UK. According to a note distributed by the Bank, loans are tracking the business population of each region. The loans are being provided by both traditional financial services… Read More

August 9, 2020 @ 12:49 pm By Omar Faridi  |  

Emergency COVID-19 funding or financial relief for companies in the UK will reportedly go back to the Treasury at the end of this month if it’s not claimed, the BBC reports. About four months after £12 billion in Coronavirus related funding was approved to help… Read More

August 9, 2020 @ 11:51 am By Omar Faridi  |  

Funding Circle (LSE: FCH), an SME lender that facilitates loans in both the US and parts of Europe, says it’s reevaluating whether it should begin leveraging Open Banking technology. The company claims that it has managed to improve its customer experience, and would now like… Read More

August 8, 2020 @ 9:16 am By Omar Faridi  |  

Honeycomb Investment Trust (LON: HONY), a company specializing in investing in credit assets originated by non-bank lenders and other originators of various lending assets, mainly in the UK, is reportedly considering a potential £1.5 billion merger with Pollen Street Secured Lending (PSSL), in order to… Read More

August 7, 2020 @ 6:14 pm By Omar Faridi  |  

Fintech advisor Efi Pylarinou claims that digital bank Revolut is leading the “re-bundling” race among Europe based financial technology service providers. Pylarinou notes: “As technology [continues to] commoditize products and services at an ever increasing rate, re-bundling catch up is the name of the game… Read More

August 7, 2020 @ 8:51 am By JD Alois  |  

LendInvest, a digital property finance platform, has received the highest possible rating from a European ratings agency for the sixth year in a row, according to a note from the company. ARC Ratings is a regulated European credit rating agency registered with the European Securities… Read More

August 6, 2020 @ 7:52 pm By JD Alois  |  

Starling Bank CEO and founder Anne Boden has published the Fintech’s annual letter as well as a trading report for July 2020, and there are some encouraging comments in the missive. Boden notes that since November 2019, the bank’s “performance has been strong.” In fact,… Read More

August 6, 2020 @ 2:06 pm By Samantha Hurst  |  

Livia, a UK-based sweet treats company, has successfully surpassed its initial £1 million equity crowdfunding target on Seedrs. Founded in 2014, Livia claims to be the fastest-growing free-from treat brand in the UK. The company claims its products are 100% plant-based, natural, and indulgent. The… Read More

August 6, 2020 @ 9:08 am By Samantha Hurst  |  

Curve, a banking platform that consolidates multiple cards and accounts into one smart card and even smarter app, is seeking to raise between £100 million and £120 million through its Series C round, Sifted reports.  Founded in 2015, Curve is on a mission to simplify… Read More

August 6, 2020 @ 9:03 am By JD Alois  |  

Assetz Capital, a peer to peer lender providing secured loans to businesses, has applied for a £10 million Banking Competition Remedies (BCR) Pool E grant, according to a note from the company. Assetz Capital states that it has submitted an application for Pool E that… Read More

August 6, 2020 @ 8:18 am By JD Alois  |  

Banked, a UK based payments start-up is partnering with British Airways Executive Club to allow people to collect Avios by using Banked when they checkout online. Avios is the “rewards currency” of the British Airways Executive Club – an old school digital asset. British Airways… Read More

August 6, 2020 @ 7:57 am By Omar Faridi  |  

London-based Sync., a bank account aggregation and personal financial management service established by Ricky Lee, who’s Revolut’s former head of product design and strategy, has secured £5.5 million through a seed funding round as the company plans to further expand its operations into European. Sync…. Read More

August 6, 2020 @ 12:51 am By Omar Faridi  |  

Leeds-based Rebuildingsociety, a peer to peer (P2P) lending platform that’s focused on financing options for SMBs, has teamed up with Virtual Finance Director (VFD) so that Rebuildingsociety’s borrowers are able to get updated reports on their accounts. The P2P lender’s borrowers will also receive future… Read More

August 5, 2020 @ 10:33 am By JD Alois  |  

Today the British Business Bank has announced that it has approved Allied Irish Bank, Investec Bank plc, and Mercedes-Benz Financial Services UK Limited have been accredited under the Coronavirus Large Business Interruption Loan Scheme (CLBILS). These three new CLBILS lenders will be able to provide… Read More

August 4, 2020 @ 10:25 pm By Omar Faridi  |  

UK based Fintech firm Wiserfunding is expanding its operations into markets in India. The company is introducing its AI enhanced, cloud-powered credit risk assessment tool for SMEs. Wiserfunding’s entry into Indian markets has come at a time when small businesses across the nation are struggling… Read More

August 4, 2020 @ 10:11 am By JD Alois  |  

Plant-based meat substitute firm “THIS” is reporting strong interest in its forthcoming securities offering on Seedrs. Several weeks ago, THIS revealed its intent to list a crowdfunded securities offering on Seedrs. The investment opportunity follows a recent VC round where the company raised £4.7 million… Read More

August 4, 2020 @ 8:19 am By Omar Faridi  |  

UK-based Fintech iwoca, a company focused on lending to SMEs, is calling for closer collaboration between the country’s largest financial institutions, after securing £100 million to support the operations of small businesses looking for financing via the Coronavirus Business Interruption Loan Scheme (CBILS). The COVID-19… Read More

August 3, 2020 @ 10:11 pm By Omar Faridi  |  

Ian Bradbury, CTO for Financial Services, Fujitsu UK, has surprisingly claimed that the COVID-19 outbreak has “changed very little” when it comes to the Fintech and the larger financial sector, in general. He argues that the financial industry’s digital and systemic transformation had already begun,… Read More