Tagged: united kingdom

June 6, 2020 @ 2:48 pm By Will Hurst  |  

    The financial services competitive landscape has evolved in recent years and it’s clear that fintechs have certainly disrupted traditional banks. Fintechs include any financial tech company that serves any of the following areas; lending, blockchain, Regtech, personal finance, payments and billing, insurance, capital… Read More

June 6, 2020 @ 11:39 am By Omar Faridi  |  

The Fintech sector continues to attract significant investments across the Middle East and Europe. However, the world is currently trying to cope with the socio-economic challenges created by the deadly COVID-19 outbreak. Competition in the Fintech space has been increasing steadily, with many new startups… Read More

June 5, 2020 @ 9:51 am By JD Alois  |  

The Future Fund, a UK government initiative to support startups and early-stage ventures – many of which are not profitable, reported 464 applications for the program as of May 31st. As part of a weekly update, HM Treasury quantified the number of applicants – a… Read More

June 5, 2020 @ 8:34 am By Omar Faridi  |  

Metro Bank was reportedly the first financial institution in the UK to allow users to freeze their cards in case they lost it. The feature was introduced in 2014. The freeze feature blocks transactions via payment cards through software, but it’s reversible so the card… Read More

June 5, 2020 @ 8:22 am By Samantha Hurst  |  

Tech Will Save Us, an edtech startup that provides hybrid online and offline learning experiences for kids, is set to close its equity crowdfunding campaign on Seedrs with nearly £850,000 in funding. The campaign, which has attracted 285 Seedrs investors, launched last month with a… Read More

June 5, 2020 @ 7:59 am By Omar Faridi  |  

Retail sales in the UK have surged dramatically from 16% to 27% of all sales in the country. Tony Moroney, managing partner at, Beta Digital Ltd, predicts: “The end of main street is nigh.” Moroney notes that Amazon’s retail sales surged 26% during Q1 2020,… Read More

June 5, 2020 @ 7:36 am By Omar Faridi  |  

UK-based Starling Bank issued an update on June 1, 2020 regarding the Bounce Back Loan Scheme (BBLS). The British Business Bank has been approving new lenders for several COVID-19 support schemes. As previously reported, JCB Finance will join the other 18 BBLS lenders who have… Read More

June 4, 2020 @ 7:48 am By Omar Faridi  |  

UK-based Minted, a Shariah-compliant platform for trading gold, is planning to launch in the coming months. Co-founder Shahmad Ahmed told Salam Gateway that his company has acquired regulatory approval from the Financial Conduct Authority (FCA) to serve as an e-money business. He noted that Minted’s… Read More

June 4, 2020 @ 7:42 am By Samantha Hurst  |  

Almond Impact, a UK-based environmental startup, is set to close its equity crowdfunding campaign on Crowdcube with more than £540,000 raised. The campaign was launched last month, originally seeking £500,000. As previously reported, Almond claims to be the first app that empowers anyone to become… Read More

June 4, 2020 @ 7:37 am By Omar Faridi  |  

Stenn, an online trade finance scale-up, has acquired investments from Barclays Bank, Coface SA, and Crayhill Capital Management LP via its latest funding round. The capital raised will be used to support Stenn’s trade financing program, Stenn Assets Funding, which is currently valued at $500… Read More

June 4, 2020 @ 7:17 am By Samantha Hurst  |  

Wales-based hydrogen-electric car company Riversimple has successfully secured more than £500,000 through its latest equity crowdfunding campaign on Seedrs. The funding round, which originally sought to raise £200,000, made its debut less than a year after Riversimple raised £839,958 through its previous Seedrs campaign. As… Read More

June 4, 2020 @ 12:54 am By Omar Faridi  |  

London-based Plutus​, a Fintech firm that helps users easily convert their digital assets at 0% into major fiat currencies including the British pound (GBP) and Euros, has announced an affiliate partnership with sports apparel giant, Nike. Through the partnership, users will be able to earn… Read More

June 3, 2020 @ 1:20 pm By JD Alois  |  

Crowdcube, a top European investment crowdfunding platform based in the UK, is reporting that even during the COVID-19 crisis investment metrics remain strong. In a blog post today, Crowdcube stated: “May [2020] saw an increase in investment activity at Crowdcube, with it reaching a lockdown… Read More

June 3, 2020 @ 10:53 am By JD Alois  |  

The British Business Bank has approved new lenders for several COVID-19 support schemes. According to a release, JCB Finance will join the other 18 Bounce Back Loan Scheme (BBLS) lenders who have been accredited since the program opened last month. Last Friday, Metro Bank was… Read More

June 3, 2020 @ 7:47 am By Samantha Hurst  |  

UK-based peer-to-peer lending platform Assetz Capital announced on Wednesday it is returning to the Seedrs equity crowdfunding platform for the fourth time to raise a minimum of £500,000. As previously reported, Assetz Capital is described as a provider of alternative funding sources to SMEs and Property… Read More

June 2, 2020 @ 1:14 pm By Samantha Hurst  |  

Muniy, a UK-based neobanking startup, is now seeking to raise a minimum of £200,000 through its equity crowdfunding campaign on Crowdcube. The company is now offering 6.90% in equity at a £2.7 million pre-money valuation. Founded in 2018, Muniy describes itself as “banking for everyone.”… Read More

June 2, 2020 @ 12:42 pm By Samantha Hurst  |  

Female empowerment brand Killing Kittens quickly secured its initial £250,000 funding target through its latest Seedrs campaign. As previously reported, Killing Kittens stated it has grown to become one of the worlds leading brands in the female adult industry. The organization notably employs a female-first… Read More

June 2, 2020 @ 10:54 am By Samantha Hurst  |  

  UK-based payments platform GoCardless announced on Tuesday it has formed a new partnership with YayPay, a predictive account receivable (AR) automation solution. GoCardless claims that through the partnership YayPay will help its customers to get paid faster, improve cash flow, and significantly reduce payment… Read More

June 2, 2020 @ 9:03 am By JD Alois  |  

The housing market is always a key metric for the economy. Robust demand can be indicative of thriving market. Of course, the COVID-19 crisis sucked the wind of the housing market around the world. In the UK, once the hottest property market in the world,… Read More

June 2, 2020 @ 7:55 am By Omar Faridi  |  

UK-based peer to peer (P2P) lender RateSetter recently revealed that fewer consumer borrowers are asking for more time to pay back their loans. RateSetter said that its loan performance is now consistent with what it had predicted or expected during April 2020 and it claims… Read More