Tagged: united kingdom

July 17, 2020 @ 11:01 pm By Samantha Hurst  |  

UK-based feminine care product company Callaly is now nearing £1.4 million during the final week of its equity crowdfunding campaign, which is currently live on Crowdcube. As previously reported, Callaly describes itself as a new British femcare company based in London named one of the… Read More

July 17, 2020 @ 1:53 pm By Samantha Hurst  |  

IntelliBonds, a UK-based AI/human collaborative investment platform for fixed income institutional investors, has successfully secured its initial £300,000 funding target through its equity crowdfunding campaign on Seedrs. The funding round has already attracted nearly 250 investors. Founded in 2018, IntelliBonds describes itself as a technology… Read More

July 17, 2020 @ 11:46 am By Omar Faridi  |  

UK-based Fintech Vesuvio Labs is reportedly planning to establish an investment business in the Middle Eastern nation of Qatar in order to further expand its operations and assist firms in Doha, particularly startups, with branching out into other global markets. Vesuvio Labs is a vertically… Read More

July 17, 2020 @ 8:59 am By Omar Faridi  |  

The Financial Action Task Force (FATF), an intergovernmental organization that develops policies to combat money laundering and terrorism financing, recently concluded its year long review of its Travel Rule standards for virtual asset service providers (VASPs). The FATF confirmed that it will be extending its… Read More

July 17, 2020 @ 8:26 am By Omar Faridi  |  

UK-based Moneybox, a company that provides a user-friendly app to help people save and invest by rounding up their purchases to the nearest pound and setting aside the spare change, has secured £30 million through a Series C investment round that was led by Eight… Read More

July 16, 2020 @ 4:02 pm By Samantha Hurst  |  

UK challenger bank Monzo announced on Wednesday the launch of its new account, Monzo Plus. The digital bank reported that the account was created to help users get a “grip” on their finances with features like other bank accounts, credit cards, and credit scores through… Read More

July 16, 2020 @ 8:40 am By JD Alois  |  

The Financial Conduct Authority (FCA) and the City of London Corporation are partnering on a digital sandbox designed to support firms that are addressing the COVID-19 challenge. The digital sandbox will support both big finance and early state Fintechs seeking to play a role in… Read More

July 16, 2020 @ 8:00 am By JD Alois  |  

UK based Fidel, a Fintech that provides real-time data for credit card transactions with clients like British Airways, Royal Bank of Canada, and Klarna, has expanded into the US with the establishment of a New York office. Fidel is backed by Nyca Partners and QED… Read More

July 15, 2020 @ 9:55 pm By Omar Faridi  |  

Brian Bartaby, CEO at Proplend, a UK-based peer to peer (P2P) lending platform, wants the UK government to end its moratorium of commercial property rents, because he thinks it’s “unfair.” As first reported by Peer2Peer Finance News, Bartaby thinks that it was wrong for the… Read More

July 15, 2020 @ 3:47 pm By Samantha Hurst  |  

  Imagen, a UK-based biotech company, is set to close its equity crowdfunding campaign on Crowdcube with nearly £900,000 in funding secured. The funding round was launched last month originally seeking £600,000. It has now attracted more than 640 Crowdcube investors.  As previously reported, Imagen… Read More

July 15, 2020 @ 9:08 am By Omar Faridi  |  

UK-based Lendy, a peer to peer (P2P) lender that shut down in 2019 and went into administration, was requiring previous investors to pass certain anti-money laundering (AML) checks again, before they qualify to get refunds. Administrators of the bankrupt P2P lender have revealed that the… Read More

July 15, 2020 @ 7:42 am By Omar Faridi  |  

David Rutter, founder at LedgerEdge, a trading venue for the US Treasuries market, and R3, a blockchain and DLT infrastructure company, is reportedly planning to address some of the major challenges in the corporate bond market with the launch of LedgerEdge, a new trading platform…. Read More

July 15, 2020 @ 12:43 am By Omar Faridi  |  

Telefónica, S.A., a Spanish multinational telecommunications company with over 48 billion EUR in annual revenue, will be piloting a blockchain or distributed ledger tech (DLT)-based platform for settling roaming discount agreements. Telefónica will be joined by Deutsche Telekom, a major German telecommunications company, and British… Read More

July 14, 2020 @ 10:39 pm By Omar Faridi  |  

An Islamic, or Shariah-compliant, peer to peer lending platform has been introduced in the United Kingdom. The new P2P lender aims to provide funding to the nation’s SMEs, which might be struggling to maintain operations due to the economic challenges created by COVID-19. Qardus, an… Read More

July 14, 2020 @ 10:35 pm By Omar Faridi  |  

JustUs technology has reportedly been used to develop a new platform that will focus on assisting businesses that are not able to qualify for the UK government’s COVID-19 financial relief schemes. A community-interest organization has been established by a number of Fintech companies, called ExcludedUK,… Read More

July 14, 2020 @ 3:16 pm By JD Alois  |  

Coconut, an accounting and business finance app, has topped its offering target on Crowdcube.  Coconut originally sought £700,000 at a pre-money valuation of £12 million. In the end, Coconut closed the securities offer at £2,456,286 backed by 3037 individual investors. Coconut has raised growth capital… Read More

July 14, 2020 @ 11:22 am By JD Alois  |  

This week’s update on COVID-19 support schemes indicates that over 1.1. million UK businesses have been approved to receive £46 billion. The numbers breakdown as follows: Approximately 1.05 million smaller firms have received a total of £31.7 billion through the Bounce Back Loan Scheme, an… Read More

July 14, 2020 @ 9:54 am By Samantha Hurst  |  

Cryptocurrency exchange Binance announced on Tuesday the official launch of its Binance Card in Europe and the UK. According to Binance, the card will enable users to convert and spend BTC, BNB, SXP, and BUSD to fiat at more than 60 million merchants across 200… Read More

July 14, 2020 @ 9:19 am By Samantha Hurst  |  

  UK banking group Barclays announced on Tuesday the launch of its new digital advice service, Barclays Plan & Invest, which notably aims to tackle the UK’s advice gap and give more people the confidence and support to invest their savings. According to Barclays, the… Read More

July 14, 2020 @ 8:12 am By JD Alois  |  

The future of payments is in contactless payments and the transition away from physical cash has been boosted by the ongoing COVID-19 health crisis. The Royal Bank of Scotland (RBS) is reporting its contactless payment service Tyl is generating solid uptake in Scotland during the… Read More