Tagged: united kingdom

June 14, 2020 @ 10:38 pm By Samantha Hurst  |  

Just days after launching its latest equity crowdfunding campaign on Crowdcube, current accounting and tax platform Coconut has successfully raised more than 1.15 million from over 1360 Crowdcube investors. As previously reported, Coconut describes itself as a current account that takes care of a user’s accounting and… Read More

June 14, 2020 @ 3:14 pm By Samantha Hurst  |  

UK-based menswear brand Troubadour Goods has successfully raised more than £600,000 through its latest equity crowdfunding campaign on Seedrs. The funding round was launched last month and quickly secured its initial £500,000 funding target.  As previously reported, Troubadour Goods seeks to design, create and sell… Read More

June 13, 2020 @ 4:49 pm By Omar Faridi  |  

UK-based Fintech firm OMG officially launched its platform on June 10, 2020. The company noted via Twitter: “We are a Fintech startup looking to provide our customers with day-to-day current accounts that will give instant cashback discounts for up to 50% of the purchase price.”… Read More

June 12, 2020 @ 11:08 am By Omar Faridi  |  

  Australia is reportedly planning to extend one of its Fintech agreements with the UK. The agreement is designed to help Fintech firms in each country by making it easier for them to acquire operational licenses. Both jurisdictions also aim to increase cooperation and collaboration… Read More

June 12, 2020 @ 9:04 am By JD Alois  |  

“Smart cash platform” Flagstone has distributed a note stating it is “business as usual” in offering new accounts for cash savings with higher interest rates. Flagstone is promoting its service while another digital savings provider, Marcus UK, has announced that it has pushed pause on… Read More

June 12, 2020 @ 8:12 am By Samantha Hurst  |  

UK banking group Barclays announced earlier this week the launch of its new “Back to Business” toolkit specifically for UK small businesses. The toolkit is to help businesses get back on their feet following the rise of the COVID-19 pandemic. It is also the latest… Read More

June 11, 2020 @ 9:52 pm By Samantha Hurst  |  

Less than two years after raising £1.8 million through its first equity crowdfunding campaign on Crowdcube, UK-based current accounting and tax platform Coconut has returned to the funding platform and has already surpassed its initial £700,000 target. As previously reported, Coconut describes itself as a current account… Read More

June 11, 2020 @ 9:24 pm By Samantha Hurst  |  

Codat, a UK-based technology company that connects the internal systems of small businesses to banks, fintechs, and other financial institutions, announced on Thursday it secured $10 million in venture funding. The funding comes from international venture firm Index Ventures, the backer of Adyen, Plaid, and… Read More

June 11, 2020 @ 10:12 am By Samantha Hurst  |  

KogoPAY, a UK-based mobile payments platform, announced on Wednesday it has signed a Memorandum of Understanding (MoU) with Singapore-based fintech Lightnet.  KogoPay reported that the MoU, which involves investment in KogoPAY UAB in return for shared operations in electronic banking, will provide both companies with… Read More

June 11, 2020 @ 9:29 am By Samantha Hurst  |  

  Cauldron, a UK-based experimental “arm of fintech revolutionaries,” has launched its new kids money management app, Nestlums. According to Cauldron, Nestlums offers modern money training for children through a unique, character-driven, ramified experience without connecting to a bank account or touching actual money. “Nestlums… Read More

June 11, 2020 @ 9:29 am By JD Alois  |  

Curve, a Fintech that continues to add new features and products, has issued a statement about Curve Credit – a subsidiary of the parent company that intends on providing online lending for its users. Curve has announced a waitlist for the service that is anticipated… Read More

June 11, 2020 @ 8:10 am By Samantha Hurst  |  

BBVA announced on Thursday its entire branch network in Spain is now operational after the bank reopened the last of the branches that were closed due to the COVID-19 pandemic. BBVA reported that the branches will follow strict safety measures, and the banking group is… Read More

June 11, 2020 @ 7:56 am By JD Alois  |  

YRD Capital, a Fund of Funds (FoF) that focuses on quantitative trading in digital assets, has appointed Ian Morely as Chairman. Morely is described as a “hedge fund industry titan” having been the founding Chairman of the Alternative Investment Management Association (AIMA), a global trade… Read More

June 10, 2020 @ 3:01 pm By Samantha Hurst  |  

  TV.FIT, a UK-based fitness content subscription platform, is set to close its crowdfunding campaign on Seedrs later this week with more than £1.56 million secured. The funding round was launched in April with a minimum funding target of £1.4 million. It has so far… Read More

June 10, 2020 @ 7:24 am By JD Alois  |  

Seedrs, a leading UK based investment crowdfunding platform, has experienced five company exits since January. Meanwhile, platform investment has grown by 49% during 2019 – even during the midst of a global pandemic. Seedrs states that each exit has generated positive returns for investors. Seedrs’… Read More

June 10, 2020 @ 7:03 am By Omar Faridi  |  

London’s Fintech sector has been growing steadily during the pandemic as significantly more consumers begin to use all-digital financial services. Nearly 40% of VC investments made this year in London’s tech startups involved Fintech projects, according to a report from Tech Nation and Dealroom for… Read More

June 9, 2020 @ 3:48 pm By Samantha Hurst  |  

WorldRemit, a UK based Fintech in the digital money transfer sector, announced on Tuesday it has formed a partnership with Mukuru, one of Africa’s largest remittance providers to broaden options for cash pick up in Zimbabwe. WorldRemit claims that the partnership will be instrumental in… Read More

June 9, 2020 @ 8:35 am By JD Alois  |  

HM Treasury is out with its weekly update on COVID-19 lending schemes designed to support businesses impacted by the pandemic. According to the update, over 830,000 UK businesses have provided £34.9 billion through the three major government-backed lending programs. £3.6 billion has been granted to… Read More

June 9, 2020 @ 7:28 am By JD Alois  |  

Mirrorweb, a web archiving and monitoring solution used by financial services firms and governments, has been selected to participate in the Microsoft ScaleUp program, an exclusive initiative that grants a small number of high-growth companies access to Microsoft’s sales, marketing, and technical support. Mirrorweb shares… Read More

June 9, 2020 @ 7:14 am By Omar Faridi  |  

Republic Capital Group, a company focused on offering investment banking services to the registered investment advisors (RIAs), asset and wealth management communities, will reportedly make a strategic investment in Creativemass, a US and Australia based financial services software firm. Creativemass provides wealth management solutions via… Read More