Tagged: united kingdom

May 26, 2020 @ 3:15 pm By JD Alois  |  

Rangewell, a business finance firm that assists SMEs in accessing capital, has launched a dashboards tracking the Coronavirus Business Interruption Loan Scheme (CBILS) and the Bounce Back Loans – two UK government programs providing support to smaller firms that have struggled in the wake of… Read More

May 26, 2020 @ 10:19 am By JD Alois  |  

  Do we need bank branches? No, not really, because old habits can be difficult to break. But the ongoing pandemic is accelerating a digital transformation that was already in play. Fintechs, or Fintech in general, is a big winner in this transformation as populations… Read More

May 26, 2020 @ 7:38 am By Omar Faridi  |  

Bitcoin (BTC) and other digital currencies can be difficult to spend because most merchants still do not accept them. The Switzerland-based firm, Eidoo, is planning to help consumers easily spend virtual currencies by launching a Visa crypto debit card that will use regulated or compliant… Read More

May 25, 2020 @ 2:33 pm By Omar Faridi  |  

Ed Lane, VP of Sales for the EMEA region at nCino, a US-based cloud banking provider, has argued that the United Kingdom still leads the evolving global digital banking sector. Lane, who has previously served in senior management roles at Oracle and Salesforce, writes that… Read More

May 25, 2020 @ 1:29 pm By Omar Faridi  |  

Many large banks in the United Kingdom appear to be falling behind their all-digital competitors when it comes to providing better overall customer service, which includes the ability to allow clients to quickly open new accounts – according to a recent review performed by Peter… Read More

May 25, 2020 @ 10:17 am By JD Alois  |  

Monzo is one of the top digital banks in the UK that is seeking to challenge old brick and mortar banks in Europe and elsewhere including the USA. The past few months of operations have not been without a few bumps as Monzo has seen… Read More

May 25, 2020 @ 8:16 am By Omar Faridi  |  

Consumers across the globe continue to increasingly use digital payments options instead of physical cash, due to COVID-19. NatWest claims that it has witnessed a significant increase in UK businesses that are now ready to accept payment cards. The lender notes that 70% of local… Read More

May 24, 2020 @ 10:54 pm By Omar Faridi  |  

Fintech Zopa, the one platform to launch an entire sector of Fintech as it became the first peer to peer lending platform in the UK, recently reintroduced C risk loans back into its Plus product offering. Zopa, which still offers online lending in a more… Read More

May 24, 2020 @ 10:39 pm By Samantha Hurst  |  

Zapaygo Investments, a UK-based ordering and payment mobile app, has not only secured its initial 250,000 funding target, but it is also now nearing £515,000 through its equity crowdfunding campaign on Crowdcube. Founded in 2015, Zapaygo describes itself a smartphone application that allows users to… Read More

May 24, 2020 @ 10:17 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 now set to close its equity crowdfunding round on Seedrs with more than £1.8 in funding secured. The funding round launched in… Read More

May 23, 2020 @ 4:24 pm By Omar Faridi  |  

The global economy has slowed down considerably during the past few months due to COVID-19. Many businesses and industries have been negatively affected, including financial services providers. The pandemic has destabilized private capital markets. Investments in new initiatives and early-stage companies have decreased significantly. During… Read More

May 23, 2020 @ 1:18 pm By Omar Faridi  |  

Fintech firm Credit Kudos, the “challenger credit bureau,” has teamed up with Big Four auditing firm PricewaterhouseCoopers (PwC), in order to launch a digital banking “ecosystem sandbox.” Credit Kudos is regulated by the UK’s Financial Conduct Authority (FCA). It aims to provide a different and… Read More

May 22, 2020 @ 12:17 pm By JD Alois  |  

SyndicateRoom, previously an investor-led investment crowdfunding platform and now more of an early-stage fund, says April was a record month. According to an email distributed by SyndicateRoom CEO Graham Schwikkard nine startups completed their funding rounds during the lockdown. Reportedly, Kluster, Thermulon, Lumi-Plugin, Note Taking… Read More

May 22, 2020 @ 12:00 pm By Samantha Hurst  |  

Less than a year after raising £839,958 through its previous Seedrs funding round, Wales-based hydrogen-electric car company Riversimple has returned to the equity crowdfunding platform and already surpassed its initial £200,000 funding target. As previously reported, Riversimple has designed a new car called the Rasa,… Read More

May 22, 2020 @ 9:34 am By Omar Faridi  |  

UK-based financial services firm, ITI Capital, has introduced a digital wealth management solution for investors, which should help them better manage their finances, following the COVID-19 outbreak. ITI Capital said that its wealth management platform will provide detailed insights to users about their finances and… Read More

May 22, 2020 @ 9:07 am By Samantha Hurst  |  

UK-based digital banking solution goHenry has reportedly unveiled a new biodegradable debit card specifically for children. As previously reported, goHenry’s financial services, which is a debit card and app, is geared for the digital generation of kids and teens. The service allows parents to be able to… Read More

May 21, 2020 @ 1:01 pm By Samantha Hurst  |  

Standard Chartered, a UK-based multinational banking and financial services company with $688 billion in assets, recently announced its sustainable deposit product has surpassed the $2 billion mark. The milestone also includes a significant deposit from the French integrated electricity company, EDF. Standard Chartered claims that… Read More

May 21, 2020 @ 9:41 am By Samantha Hurst  |  

Future Planet Capital, a UK and Cayman Islands-based global venture capital and impact platform, is now seeking £1.4 million through its equity crowdfunding campaign on Seedrs. Founded in 2017, Future Planet Capital claims to be the world’s foremost global innovation investment platform. The company has… Read More

May 21, 2020 @ 8:18 am By JD Alois  |  

Folk2Folk, a peer to peer lender that provides access to credit in local communities, says it paid out over £11.3 million in gross interest payments to investors during the financial year 2019. The company says 2019 was its biggest pay-out to date. The average fixed… Read More

May 21, 2020 @ 7:58 am By Samantha Hurst  |  

  Common Objective, a global B2B fashion sourcing and information platform, is set to close its equity crowdfunding platform Crowdcube with nearly £400,000 secured. The funding round was launched last month and has already attracted more than 300 Crowdcube investors. As previously reported Common Objective… Read More