Tagged: united kingdom

May 4, 2020 @ 8:19 am By JD Alois  |  

Bounce Back Loans, the new COVID-19 support programming targeting the smallest of firms is open for applications today with funds expected to be distributed within days. Information on the program is available now on the British Business Bank website. Also included on the British Business… Read More

May 4, 2020 @ 8:00 am By JD Alois  |  

Digital asset OTC broker, Digital RFQ (DRFQ) has selected Koine to act as custodian for its first commodity financing token, PGX. PGX, or PhiGold token, was launched in partnership with Atom Asset Exchange (AAX). The digital asset is a commodity financing token based on gold… Read More

May 3, 2020 @ 11:18 pm By Samantha Hurst  |  

Medic Bleep, a UK-based secure and real-time medical communication solution, is set to close its equity crowdfunding campaign on Crowdcube later this week with nearly £700,000 in funding secured from more than 790 investors.  As previously reported, Medic Bleep is described as a secure and… Read More

May 3, 2020 @ 8:40 am By Omar Faridi  |  

The Coronavirus (COVID-19) outbreak has dramatically affected cash transactions in the United Kingdom, as ATM withdrawals dropped by 60% during the lockdown period. Approximately 75% of UK residents confirmed that they’re not handling physical currency notes nearly as much as they were before the ongoing… Read More

May 2, 2020 @ 5:06 pm By Omar Faridi  |  

A recent study published by VC firm, MMC Ventures, reveals that the United Kingdom’s blockchain or distributed ledger technology (DLT)-focused companies are increasingly turning to traditional fundraising options and strategies. The study confirmed that the initial coin offerings (ICO) model for securing capital has become… Read More

May 2, 2020 @ 12:58 pm By Omar Faridi  |  

Digital bank Monzo has made more personnel changes, as it continues to strengthen its executive team. Sujata Bhatia, a former SVP and general manager, Europe at Global Merchant Services at American Express, will be serving as Monzo’s new chief operating officer. Bhatia will be replacing… Read More

May 2, 2020 @ 12:30 pm By Omar Faridi  |  

UK-based Yapily, an established enterprise connectivity platform, has confirmed that it will be teaming up with Fintech firm Ordo, in order to launch a new payments service. The payments platform was officially launched last month. It allows users to issue invoices in a  simple, quick… Read More

May 2, 2020 @ 11:28 am By Omar Faridi  |  

UK-based Fintech firm Flagstone, a developer of one of the largest cash deposit marketplaces in the country, has secured $15 million (appr. £12 million) in venture capital through a funding round led by OMERS Ventures. Existing investors Kindred Capital and Moneysupermarket Group plc also took… Read More

May 1, 2020 @ 12:39 pm By Samantha Hurst  |  

Digital banking group Monese recently announced its users may now log into their Monese accounts from their desktop with the new Monese for Web services. Monese reported that it designed the web version of its banking services to provide users with more tools and “better”… Read More

May 1, 2020 @ 12:07 pm By JD Alois  |  

Innovate Finance, the top Fintech advocacy group in the UK, has appointed Mike Carter as Head of Platform Lending to lead 36H Group. “I’m delighted to be appointed to this new role to promote the platform lending sector. To date, the sector has delivered steady… Read More

May 1, 2020 @ 10:33 am By Samantha Hurst  |  

Spain-based Banco Santander (Santander Group), a multinational commercial bank and financial services company, announced this week it has completed its purchase of a 50.1% stake in Ebury, a UK-based Fintech firm that offers corporate banking services to small and medium-sized enterprises (SMEs) that trade internationally,… Read More

May 1, 2020 @ 10:13 am By Samantha Hurst  |  

Swipe, a UK-based multi-asset digital wallet and Visa debit card platform designed to let users buy, sell and spend their cryptocurrencies, announced on Friday that Swipe Android users can now add their Swipe Visa Debit cards directly to their Samsung Pay Wallets. Founded in 2018,… Read More

May 1, 2020 @ 8:16 am By Samantha Hurst  |  

Lifetise, a UK-based financial planning platform, has successfully secured its initial £250,000 equity crowdfunding target on Seedrs. Founded in 2014, Lifetise stated it helps users plan how to afford their life goals. The company shared: “We make it really easy to work out how much… Read More

April 30, 2020 @ 4:03 pm By Samantha Hurst  |  

Mambu, a German SaaS banking platform provider, announced on Thursday it has formed a partnership with Tide, a UK-based business banking platform to power Tide’s revolving credit facilities and overdrafts for SME’s. Mambu reported that through the partnership it will help Tide scale and focus… Read More

April 30, 2020 @ 11:11 am By Samantha Hurst  |  

ClearScore, a UK credit checking service, announced on Thursday it has launched ClearScore Protect, a free anti-fraud dark web monitoring service. Along with the service, ClearScore released nationally representative research that reveals a third of adults in the UK have been victims of online fraud…. Read More

April 30, 2020 @ 8:20 am By JD Alois  |  

Folk2Folk, a unique localized peer to peer lending company, is reporting a profit for the first time of £198,000 for the financial year of February 2019 to January 2020, according to a company release. In the previous period, Folk2Folk generated a £535,000 loss. Full audited… Read More

April 30, 2020 @ 8:04 am By JD Alois  |  

UK Finance has posted its weekly update as to the amount and number of loans distributed to SMEs impacted by the COVID-19 pandemic. According to the data, £4.157 billion has been approved under the Coronavirus Business Interruption Loan Scheme (CBILS) for 25,262 loans. 52,807 applications… Read More

April 29, 2020 @ 4:30 pm By Samantha Hurst  |  

Atterley.com, a UK-based marketplace for independent fashion retailers, is now seeking a minimum of £400,000 through its equity crowdfunding campaign on Crowdcube.  Founded in 2012, Atterley.com’s mission is to bring together discerning fashion consumers and the inventory fo the “best” boutiques and independents around the… Read More

April 29, 2020 @ 8:37 am By Samantha Hurst  |  

Skew, a UK-based crypto data provider, announced on Wednesday it secured $5 million through its latest investment round, which was led by Octopus Ventures with participation from Digital Currency Group, as well as existing investors Firstminute Capital and Seedcamp. Founded in 2018, Skew claims to… Read More

April 29, 2020 @ 8:01 am By JD Alois  |  

Tandem Bank says that over half of its customers are using its AI-enabled Autosavings feature after one year of availability. The Autosavings feature is designed to effortlessly build an individual’s savings account for them. Tandem notes that even prior to Covid-19, the company found that… Read More