Tagged: united kingdom

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

August 3, 2020 @ 10:51 am By JD Alois  |  

RateSetter, a leading UK based peer to peer lender, has been acquired by Metro Bank. The purchase of RateSetter has long been anticipated as the P2P lender messaged earlier that it was exploring “strategic options” – a euphemism for a sale. In June, there were… Read More

August 2, 2020 @ 9:49 pm By Omar Faridi  |  

Laura Whateley, a real money management correspondent at Zopa, a Fintech lender and digital bank, notes that at the beginning of the COVID-19 pandemic, it wasn’t really clear how our finances would be affected, and that might still be the case for many individuals and… Read More

August 2, 2020 @ 9:39 pm By Samantha Hurst  |  

Property crowdfunding platform CapitalRise has raised more than £1.9 million through its latest equity crowdfunding campaign on Seedrs, which is set to close later this week. The funding round was launched last month, originally seeking £1 million. The initiative made its debut just a little… Read More

August 2, 2020 @ 9:31 pm By Samantha Hurst  |  

Just a little over two years after raising more than £1.3 million through its first Crowdcube round, UK cleantech Polysolar returned to the equity crowdfunding platform and has already surpassed and doubled its initial £250,000 funding target. Polysolar notably makes transparent architectural solar glazing. Now… Read More

August 2, 2020 @ 12:42 pm By Omar Faridi  |  

The London Stock Exchange (LSE), which is based in the City of London, England and has a market cap of around $4.6 trillion, is reportedly looking into whether it should sell its Borsa Italiana business, so that it can appease certain European Union regulators, and… Read More

August 1, 2020 @ 3:36 pm By Omar Faridi  |  

Abundance, which claims to be the UK’s first crowdfunding platform that allows people to earn money by investing in UK renewable energy projects, is asking low-risk investors to look into community municipal investments or CMIs provided through its platform as an alternative to National Savings… Read More

August 1, 2020 @ 2:34 pm By Omar Faridi  |  

IFN Islamic Fintech, a “one-stop-shop” for industry knowledge, networking, and communication in the global Islamic financial technology space, revealed on July 30, 2020, that there are now at least 142 Fintech firms globally that reportedly provide Shariah-compliant products and services. As reported in late June… Read More

July 31, 2020 @ 5:43 pm By JD Alois  |  

The British Standards Institution (BSI) has posted a document regarding the standardization of security tokens. Comments are being requested by interested parties until the 28th of August. The BSI is the UK’s National Standards Body representing UK economic and social interests across all European and… Read More

July 30, 2020 @ 4:20 pm By JD Alois  |  

Losses at UK based digital bank Monzo continue to mount, according to a report. Monzo is said to have generated £113.8 million in losses versus year prior losses of £47.1 million. Simultaneously, top-line revenue rose to £67.2m from £19.7m for the fiscal year-end February, according… Read More

July 30, 2020 @ 10:47 am By Omar Faridi  |  

Funding Circle (LSE: FCH), an SME lender that facilitates loans in both the US and parts of Europe, recently noted that as the Coronavirus-related lockdown measures are eased, many businesses in the United Kingdom are preparing to open up again. However, even for businesses that… Read More

July 30, 2020 @ 9:22 am By JD Alois  |  

The Bank of England has announced that Accenture has been appointed as the “Technology Delivery Partner for the Real Time Gross Settlement (RTGS) service Renewal Programme.” RTGS is where financial institutions hold their sterling bank accounts. The Bank of England will work with Accenture to… Read More

July 30, 2020 @ 8:41 am By Omar Faridi  |  

JustUs, a UK-based peer to peer (P2P) lender, is planning to introduce its Small Business Interruption Loan Service (SBILS) by the end of next month and has asked the UK government to also take part in the program by lending alongside the crowd. The SBILS… Read More

July 29, 2020 @ 7:27 am By Omar Faridi  |  

Starling Bank, a leading UK based digital bank, has reportedly delivered more than £654 million in loans under the United Kingdom’s bounce back loan scheme (BBLS) to around 24,000 local firms. Starling Bank, which teamed up with Funding Circle to issue £300 million in loans… Read More

July 29, 2020 @ 7:18 am By Omar Faridi  |  

Thought Machine, a core banking technology firm, has acquired an additional $42 million in capital as part of its massive Series B round – which brings the total funds raised during the round to $125 million. Thought Machine had secured $83 million via the Series… Read More