Tagged: united kingdom

July 9, 2020 @ 9:53 am By Samantha Hurst  |  

UK-based challenger bank Tide announced this week it has paused its bounce back loan lending and closed its waiting list. In April 2020, Chancellor Rishi Sunak announced the lending scheme, which added to the existing support of small businesses that are affected by the COVID-19… Read More

July 9, 2020 @ 8:05 am By JD Alois  |  

Railsbank, a UK based Fintech and open banking service provider, has crossed the Atlantic to open up operations in the US with the acquisition of its first customer – Unifimoney, according to a release. Simultaneously, to support the North American expansion, Railsbank has hired Dov… Read More

July 8, 2020 @ 3:06 pm By Samantha Hurst  |  

UK-based challenger bank TSB recently announced the launch of its new five year Fix and Flex Mortgage product (0-80% LTV) to help homeowners, particularly in the wake of the COVID-19 pandemic. TSB reported that unlike most fixed deals,  the Fix and Flex mortgage offers the… Read More

July 8, 2020 @ 12:58 pm By JD Alois  |  

The insurance industry is enormous and many industry followers believe it is ripe for disruption. In light of this, top UK crowdfunding platform Seedrs and Insurtech UK have formed a new partnership to match investors interested in the sector with promising Insurtech startups. According to… Read More

July 8, 2020 @ 12:40 pm By Samantha Hurst  |  

Concirrus, a UK-based insurtech, has reportedly secured a $6 million investment from Commerzventures. Founded in 2012, Concirrus shared its Quest platform provides proprietary behavioral data and predictive models that significantly outperform traditional risk assessment and underwriting techniques in the insurance market. “Our Quest products access… Read More

July 8, 2020 @ 11:25 am By JD Alois  |  

Transferwise, a UK based global payments and transfer platform that has emerged as a leading stealth bank, will see its valuation hit $5 billion in a funding round that is said to be nearing completion. According to a report in SkyNews, Transferwise is set to… Read More

July 8, 2020 @ 10:21 am By Samantha Hurst  |  

Standard Chartered, a UK-based multinational banking and financial services company with $688 billion in assets, announced on Wednesday it has joined the IBOS Association (IBOS), an international banking network.  According to Standard Chartered, the IBOS members collaborate to serve each other’s international clients in markets… Read More

July 8, 2020 @ 9:42 am By JD Alois  |  

In a speech today entitled “Plan for Jobs” by the Chancellor of the Exchequer Rishi Sunak, he announced the elimination of the Stamp Duty at a certain threshold in a move to improve the UK housing market. The Chancellor explained: “… to catalyse the housing… Read More

July 8, 2020 @ 9:15 am By JD Alois  |  

Funding Circle (LSE:FCH) has posted an update on its participation and support of COVID-19 relief programs. Funding Circle is facilitating programs in both the US and UK. The SME online lender is participating in the British Business Bank’s (BBB) Coronavirus Business Interruption Loans Scheme (CBILS) and… Read More

July 8, 2020 @ 1:13 am By Omar Faridi  |  

UK-based Proplend, a Fintech platform that matches demand for alternative property finance with investor demand for “inflation-beating returns,” has revealed that its loan queries doubled last month (month-on-month). The FCA approved peer to peer (P2P) lending platform claims that it’s expecting several new deals to… Read More

July 7, 2020 @ 10:20 pm By Omar Faridi  |  

UK-based Alternative Business Funding (ABF), a free and easy-to-use website for finding funding sources for SMEs, has teamed up with LawBite, an online legal platform powering a fully SRA regulated UK law firm that provides various legal services to small businesses. Through the partnership, the… Read More

July 7, 2020 @ 4:27 pm By Samantha Hurst  |  

Wagestream, a UK-based fintech, announced on Tuesday it has secured £20 million through its Series B funding round, which was led by Northzone with participation from Balderton Capital, QED Investors, LocalGlobe, Fair By Design, Jigsaw VC, and Village Global. Founded in 2018, Wagestream explains it… Read More

July 7, 2020 @ 2:36 pm By Samantha Hurst  |  

Just days after launching its latest equity crowdfunding campaign on Seedrs, UK-based mobile technology platform, Thyngs, has successfully secured its initial £200,000 funding target from nearly 240 Seedrs investors. Thyngs is offering 2.57% in equity at a £7,592,407 pre-money valuation.  As previously reported, Thyngs is… Read More

July 7, 2020 @ 10:03 am By JD Alois  |  

  HM Treasury has posted its weekly update on its COVID-19 business support schemes and as one would expect the numbers continue to push higher. HM Treasury reports that more than one million businesses have been approved to receive £45 billion in financing support. In… Read More

July 7, 2020 @ 9:30 am By Samantha Hurst  |  

Crypto Facilities, a subsidiary of Kraken and European cryptocurrency exchange, announced on Monday it has obtained a Multilateral Trading Facility (MTF) license from the UK’s Financial Conduct Authority (FCA). Crypto Facilities reported with this new license, it will be able to expand its product range… Read More

July 7, 2020 @ 8:11 am By Omar Faridi  |  

The team at Lending Works, a London-based peer to peer (P2P) lender, confirmed on July 3, 2020, that it’s pleased to report that, pending regulatory clearance, the lending platform is being acquired by Intriva Capital. On July 5, 2020, Lending Works was fully acquired by… Read More

July 6, 2020 @ 11:10 am By JD Alois  |  

Nude, a home savings app, quickly raised about 96% of its securities offering goal during the private stage of the listing on Seedrs. According to the company, it raised 96% of its £3.5 million target during the private phase of the campaign over the weekend…. Read More

July 6, 2020 @ 7:57 am By JD Alois  |  

Digital bank Starling Bank is offering two new features targeting their growing number of business accounts. First is a US dollar account that allows them to spend directly in pounds or dollars with a single card. The second is a “Business Toolkit” that includes a… Read More

July 5, 2020 @ 10:33 pm By Samantha Hurst  |  

Less than a couple of weeks after launching its equity crowdfunding campaign on Crowdcube, UK-based feminine care product company Callaly has successfully raised nearly £1.3 million in funding. The company quickly raised its initial £1 million funding target at the end of June. It is… Read More

July 5, 2020 @ 7:17 pm By Omar Faridi  |  

Village Capital helps company founders and business owners through its accelerator program. There are 11 early-stage Fintech firms that will be taking part in Village Capital’s investment-readiness program, called Finance Forward Europe. The initiative is part of Finance Forward, which is a multi-year global coalition… Read More