Tagged: united kingdom

March 31, 2020 @ 11:30 am By Samantha Hurst  |  

Dzing, a UK-based electric money and payment institution, announced on Tuesday the launch of its mobile payments app. According to the fintech startup, the app allows international students, remote freelancers, oversea workers, and travelers to conduct financial services. Founded in 2018, Dzing describes itself as… Read More

March 30, 2020 @ 6:13 pm By JD Alois  |  

The COVID-19 lockdown and social distancing are forcing people to migrate to financial apps, according to a report by the deVere Group. In fact, the note from deVere claims that the use of financial Apps has jumped by a whopping 72% in a single week…. Read More

March 30, 2020 @ 2:41 pm By Samantha Hurst  |  

Fully Charged Show, a YouTube channel dedicated to “the future of energy and transport,” has quickly secured its initial 500,000 funding target on equity crowdfunding platform Seedrs. Launched in 2010 by by TV personality, Robert Llewellyn, Fully Charged reportedly averages more than three million monthly… Read More

March 30, 2020 @ 2:36 pm By JD Alois  |  

Seedrs founder and Chairman Jeff Lynn has distributed his thoughts on the ongoing impact of the COVID-19 pandemic and the UK government’s approach to aid the struggling economy – more specifically for early-stage firms. Lynn dices the issue up between the Good, the Bad and… Read More

March 30, 2020 @ 11:46 am By JD Alois  |  

British activewear company 3Rd Rock has successfully topped its £300,000 funding target on Seedrs even with the COVID-19 induced hurdles. Of course, crowdfunding platforms are the perfect vehicle to raise growth capital as offerings are digital native and do not require in-person social interaction. As… Read More

March 30, 2020 @ 7:44 am By Omar Faridi  |  

Challenger bank Virgin Money is reportedly evaluating its plans to shut down its physical branch locations as lenders begin to increasingly focus on reducing the potentially negative impact of an economic downturn, resulting from the coronavirus (COVID-19) outbreak. Hundreds of jobs, which had been created… Read More

March 29, 2020 @ 10:37 pm By Samantha Hurst  |  

Challenger bank Tandem recently announced its continuous support its customers during the COVID-19 pandemic. The fintech reassured the customers that while the UK is social distancing and it as a company is working from home to ensure its employees’ safety, its customer support team is… Read More

March 29, 2020 @ 12:22 pm By Omar Faridi  |  

Fintech Zopa, which recently celebrated 15 years of operation, says that its services are up and running, even during the coronavirus (COVID-19) outbreak. Zopa, which provides online lending services in a fund based fashion, notes in a blog post that customers can access their loan… Read More

March 28, 2020 @ 8:58 am By Barry James  |  

Why we may not be surprised but we must be outraged! The banks are a danger to our society – and, according to the BIS (the Centralbank’s Central Bank)  an unnecessary one at that. The UK government has over the last two weeks taken unprecedented… Read More

March 27, 2020 @ 11:20 pm By Samantha Hurst  |  

Hope, an online fashion brand that targets women ages 50 and older, is now seeking £450,000 through its equity crowdfunding campaign on Seedrs. The launch of this funding round comes less than three years after Hope raised £561,600 through its Crowdcube initiative. As previously reported,… Read More

March 27, 2020 @ 4:40 pm By Samantha Hurst  |  

The GP Service, an online service dedicated to helping patients see their doctor online at their own convenience, is set to close its equity crowdfunding campaign on Crowdcube with more than £825,000 in funding raise from nearly 445 investors. The company launched the funding round… Read More

March 27, 2020 @ 3:44 pm By JD Alois  |  

LendInvest, an online property financing marketplace, has joined TMA. According to a note from TMA, the addition of LendInvest is the latest in a series of lenders the Club has partnered with, as it continues to develop its lending proposition for brokers with landlord clients. TMA… Read More

March 27, 2020 @ 1:34 pm By Omar Faridi  |  

UK-headquartered Capitalise.com is offering Coronavirus Business Interruption Loan Scheme (CBILS) applications, which will allow small business owners to obtain government-backed loans (if approved). Capitalise.com noted that it aims to assist businesses by giving them access to funding which  they may require to “confidently navigate this… Read More

March 27, 2020 @ 11:36 am By Samantha Hurst  |  

UK-based digital banking group Starling Bank announced on Thursday it has introduced a delay to its in-app gambling-block, which means that customers wanting to turn the block off will have to wait 48 hours before they may reactive spending on betting and gaming. The digital… Read More

March 27, 2020 @ 9:00 am By Omar Faridi  |  

Lanistar, a new challenger bank, has officially launched its platform after acquiring £2 million in seed funding. Based in Hammersmith, Lanistar reportedly has 45 full-time workers on its payroll. The digital bank plans to add 150 more staff members. The neobank has been founded by… Read More

March 26, 2020 @ 10:26 pm By Omar Faridi  |  

The coronavirus (COVID-19) pandemic has forced large numbers of professionals to work from home. Europe’s regulatory authorities have decided to temporarily relax MiFID II rules, which may apply when recording telephone conversations. MiFID II (Markets in Financial Instruments Directive) is a legislative framework introduced by… Read More

March 26, 2020 @ 8:00 pm By Omar Faridi  |  

Delta Capita, a financial services consulting company, has acquired $50 million in capital from Prytek Holdings, a Singapore-based venture capital firm. As noted on Delta Capita’s official website: “We work with the world’s [largest] financial institutions to help them comply with regulations, simplify operations, reduce… Read More

March 26, 2020 @ 12:47 pm By JD Alois  |  

Billon Group has now raised over $16 million with a recent Series A funding round of $6 million. This newest capital investment was led by Billon CEO Wojtek Kostrzewa with participation from FIS, Rising Tide, Mencey Capital, VCF III, existing investors and more. Billon is… Read More

March 26, 2020 @ 11:15 am By JD Alois  |  

Sourced Capital, a platform that facilitates property investment, is out with a note demanding that the UK government extend next month’s ISA deadline. Currently, the deadline is set for the 5th of April. Sourced Capital would like to see it moved to the 1st of… Read More

March 26, 2020 @ 10:08 am By Samantha Hurst  |  

VoxSmart, a UK-based fintech that’s focused on communication surveillance technology for financial markets, announced on Thursday it raised £5.5 million through its latest investment round, from Natwest. Founded in 2006, VoxSmart describes itself as a global telecommunications software provider and that empowers organizers to “unlock… Read More