Tagged: united kingdom

July 5, 2020 @ 12:30 pm By Omar Faridi  |  

Millennials, who are people born in the early 80s to the mid-90s, have increasingly been adopting smartphone-based Fintech apps offered by Robinhood and innovative digital banks like Revolut. In addition to more actively managing their finances through the latest technology when compared to older generations,… Read More

July 4, 2020 @ 2:51 pm By Omar Faridi  |  

CRIF Realtime, a credit scoring tool for SMEs, has revealed that it has seen a surge in demand for its Open Banking enabled credit assessment software. This, as UK-based SMEs are increasingly looking to acquire capital to maintain operations during the global COVID-19 outbreak. CRIF’s… Read More

July 4, 2020 @ 11:53 am By Omar Faridi  |  

Bruce Davis, the co-founder and joint MD at Abundance (previously Abundance Generation), a UK-based online investment platform which aims to offer “ethical” and “socially beneficial” investments that contribute to a green economy, is reportedly supporting the IMF’s argument that the UK government must focus on a… Read More

July 3, 2020 @ 12:53 pm By Omar Faridi  |  

Nearly a third or 33% of UK residents say they were financially unprepared for the COVID-19 outbreak and resulting challenges. Around 38% of UK residents responding to a survey conducted by Fintech Zopa said they’re now preparing their savings for another potential emergency situation that… Read More

July 3, 2020 @ 8:45 am By Samantha Hurst  |  

Just a little over six months after raising £361,162 through its previous Seedrs campaign, UK-based mobile technology platform, Thyngs, has returned to the equity crowdfunding platform with a mission to raise an additional £200,000 in the funding. Through the new funding round, Thyngs is offering… Read More

July 3, 2020 @ 8:12 am By Samantha Hurst  |  

Nextfin, a UK-based investment aggregation platform, announced on Thursday it has launched its “Free Our Startups” campaign to help entrepreneurs and startups that are impacted by the COVID-19 pandemic. Along with the “Free Our Starups” campaign, Nextfin also revealed it penned an open letter to… Read More

July 2, 2020 @ 1:33 am By JD Alois  |  

A new report tracking investment crowdfunding campaigns in the UK says this sector of Fintech declined by 15% during Q2 2020. A decline should come as no surprise as the data would be coming from the period when COVID-19 was impacting all markets. The same… Read More

July 1, 2020 @ 4:09 pm By Samantha Hurst  |  

Good Club, a UK-based online grocer, has successfully secured its initial £600,000 equity crowdfunding target on Crowdcube. Founded in 2019, Good Club is on a mission to make sustainable household staples accessible to everyone. “We do this by making such products (both food and non-food)… Read More

July 1, 2020 @ 1:57 pm By JD Alois  |  

The Royal Bank of Scotland has announced a new payment platform “Tyl.” The system is said to make it easier for small businesses to receive payments and manage cash flow. RBS says this new payment platform should aid small businesses during a challenging time due… Read More

July 1, 2020 @ 8:38 am By Omar Faridi  |  

UK-based Fintech SumUp, a payments service provider, has teamed up with Google in order to enable merchants using Google My Business to add support links to gift cards to their business profile on Google. This latest move aims to support SMBs during COVID-19 and also… Read More

July 1, 2020 @ 8:30 am By JD Alois  |  

Folk2Folk, a unique peer to peer lending firm that focuses on rural businesses, has been approved by the British Business Bank as a lender under the Coronavirus Business Interruption Loan Scheme (CBILS) and will soon be open for CBILS applications, according to a company release…. Read More

July 1, 2020 @ 8:18 am By Olivia Halsall  |  

Richard Curtis, the co-founder of British Comic Relief, has launched a campaign named Make My Money Matter to facilitate the UK’s pension assets in becoming more sustainable. The campaign was launched at an event on June 30th and looks to build a movement of individuals,… Read More

June 30, 2020 @ 10:45 pm By Omar Faridi  |  

UK-based Fintech firms may be forced to shut down due to COVID-19 and resulting socio-economic challenges. Most Fintechs in the UK have reportedly not received the assistance they need from the nation’s government, according to a recent survey published by Innovate Finance. Fintechs with 25… Read More

June 30, 2020 @ 10:41 pm By JD Alois  |  

  Transferwise, a top UK based Fintech and transfer/payments platform, has received Financial Conduct Authority  (FCA) approval to offer retail investment services, according to a report. Transferwise has emerged as a global stealth bank providing border-free currency services with ultra-low-cost transfers attacking the domain of… Read More

June 30, 2020 @ 11:05 am By Olivia Halsall  |  

Between June 2nd – 14th 2020, Innovate Finance, Tech Nation, and the Fintech National jointly distributed a 14-question online, anonymous survey. With particular regard to funding and investment, the purpose of the survey was to collate and analyse data on how the UK Fintech Sector… Read More

June 30, 2020 @ 10:24 am By Olivia Halsall  |  

Kuflink funds projects secured against UK property and boasts that investors can earn up to 7.2% interest per annum plus 4% cashback on their first investment. Having undertaken just over 300,000 investments, in mid-June the P2P Investment Platform announced it had funded over £50 million… Read More

June 30, 2020 @ 10:15 am By JD Alois  |  

The UK is experiencing growing interest in cryptoassets, according to the UK Financial Conduct Authority (FCA). The research by the FCA states that 2.6 million UK consumers have purchased digital assets showing a dramatic 1.1 million increase since research completed by the FCA last year…. Read More

June 30, 2020 @ 7:53 am By JD Alois  |  

The Chancellor of the Exchequer has adjusted the Future Fund to enable businesses that contribute significantly to the UK economy but do not have their parent company based in the UK because they participated in a non-UK based accelerator program to qualify for the Fund…. Read More

June 30, 2020 @ 7:21 am By Olivia Halsall  |  

The Global Open Finance Centre of Excellence Fintech Hub (known as GOFCoE Fintech Hub) was launched in Edinburgh, Scotland in 2018. With the overarching aim of safely unlocking the potential of customer data to improve lives, the GOFCoE has secured £22.5 million in funding from… Read More

June 30, 2020 @ 7:14 am By Omar Faridi  |  

Polish-British Fintech firm Symmetrical.ai, which provides “salary on-demand” services and other products to help people manage their finances, has secured €5.6 million (appr. $6.3 million) in seed funding, in order to bring “ethical” finance to employees. Maintaining financial wellbeing by effectively managing one’s finances remains… Read More