Tagged: united kingdom

June 9, 2020 @ 12:00 am By JD Alois  |  

TransferWise, a top Fintech and stealth bank, is making it even simpler to move money and make payments with a new feature that provides instant payments in more than 50 currencies both domestically and internationally. TransferWise’s millions of users who have a multi-currency account can… Read More

June 8, 2020 @ 10:32 pm By Samantha Hurst  |  

  Mr Lee’s Pure Foods, a UK-based foodtech that is creating premium health noodles-in-a-cup and soon to be launched instant Congee Asian rice porridges, is set to close its latest equity crowdfunding campaign on Seedrs with more than £1.85 million raised from over 530 investors. The… Read More

June 8, 2020 @ 8:18 am By Omar Faridi  |  

CapitalRise, an online platform for prime property lending and investing, has reportedly facilitated 37.5% more loan volumes during the first five months of 2020, when compared to its overall lending during its initial 18 months of operation. CapitalRise is a Fintech that previously raised growth… Read More

June 8, 2020 @ 8:02 am By JD Alois  |  

Folk2Folk, a peer to peer lender supporting local and rural businesses, is reporting £17.3 million in loans to SMEs during March, April and May – the midst of the COVID-19 induced lockdown. Folk2Folk states that during this period the total value of loans has increased… Read More

June 7, 2020 @ 11:33 pm By Samantha Hurst  |  

UK-based online investment service Wealthify announced last week it has become a wholly-owned, but independently run, subsidiary within insurance and pensions giant, Aviva Group. Launched in 2016, Wealthify states it is investing made simple and it is on a mission to democratize investing by making… Read More

June 7, 2020 @ 10:29 pm By Samantha Hurst  |  

Zapaygo Investments, a UK-based ordering and payment mobile app, is now nearing £700,000 in funding through its equity crowdfunding campaign on Crowdcube. The funding round, which was launched last month, originally saw to raise £250,000. As previously reported, Zapaygo describes itself a smartphone application that… Read More

June 6, 2020 @ 6:19 pm By Omar Faridi  |  

Edinburgh-based Fintech Aveni is planning to improve how businesses interact with their clients by automating customer relations management (CRM), fact-checking, risk monitoring and assessment, and adviser prompts. The company has secured £520,000 in seed funding through a round led by the Tricapital angel syndicate. The… Read More

June 6, 2020 @ 3:01 pm By Omar Faridi  |  

Investments in UK based Fintech businesses surged by 500% during the past five years, and has surpassed funding levels in the US, which also experienced a significant 170% growth during the same period. Meanwhile, Europe saw a 133% increase in total financial technology investments. UK… Read More

June 6, 2020 @ 2:59 pm By Omar Faridi  |  

Martin Best, CMO at Wirex, confirmed in a blog post on June 4, 2020, that the London-based financial services firm will allow users to purchase, hold and exchange New Zealand dollars (NZD) and 19 other currencies including Bitcoin (BTC), Ether (ETH), Singapore dollars (SGD), and… Read More

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