Tagged: united kingdom

April 9, 2020 @ 10:23 pm By Omar Faridi  |  

UK-based Phos, a Fintech firm that provides a software-only PoS to help vendors take payments directly via their phones without requiring additional hardware, has secured €1.3 million in capital. Phos’ latest round was led by Bulgaria-based New Vision 3, an early-stage venture capital firm (part… Read More

April 9, 2020 @ 2:50 pm By Samantha Hurst  |  

UK-based challenger bank Monzo is reportedly set to shut down its customer support office in Las Vegas. As previously reported, the company announced the launch of the office in the summer of 2018. The customer support team was created to help Monzo scale its customer service… Read More

April 9, 2020 @ 12:16 pm By JD Alois  |  

Cryptoasset insurance company Evertas, formerly doing business as BlockRE, say adoption of crypto and blockchain in general is being held back by lack of a “robust insurance market.” The company cites a survey that claims just over half (55%) of insurance executives it interviewed believe companies… Read More

April 9, 2020 @ 11:57 am By Samantha Hurst  |  

Lupe Technology, a UK-based consumer tech brand that’s created “game-changing” cordless vacuums, successfully secured its initial £650,000 funding target just days after publically launching its equity crowdfunding campaign on Seedrs.  As previously reported, Lupe describes itself as a consumer tech brand that’s looking to create… Read More

April 9, 2020 @ 9:31 am By Samantha Hurst  |  

Following the closing of its equity crowdfunding campaign on Crowdcube, which raised £893,620 in total funding, UK insurtech Honcho announced it raised an additional £1.2 million through its recent investment round. The company reported that between 2018 and 2019 honcho raised £1.8m from a combination… Read More

April 9, 2020 @ 9:00 am By JD Alois  |  

Molinari Media has acquired UK based Fintech Worldwide, according to a company release. Molinari Media is a new company created by Vince Molinari – a well-known individual in the Fintech and crowdfunding world. Molinari was recently involved with Templum – an ATS platform that was… Read More

April 9, 2020 @ 8:23 am By Omar Faridi  |  

UK-based JudoPay, a mobile-first payment platform, has confirmed that it will be taking part in the #KeepBritainMoving initiative, which has been launched in response to the economic uncertainty resulting from the Coronavirus (COVID-19) outbreak. JudoPay is planning to support UK-based SMEs during these challenging times…. Read More

April 8, 2020 @ 2:27 pm By Samantha Hurst  |  

monva, a UK-based intelligent comparison platform for financial products and services, has launched an equity crowdfunding campaign on Crowdcube to raise a minimum of £250,000. The company is now offering 12.22% in equity at a £2,247,112 pre-money valuation. Founded in 2018, monva is on a… Read More

April 8, 2020 @ 2:00 pm By Samantha Hurst  |  

UK-based peer-to-peer lender RateSetter announced on Tuesday it completed two sales of non-performing loans, with the combined proceeds of £4.65m added into the Provision Fund. According to RateSetter, the debt sale process started in December 2019 and the lender was not needing to reduce its… Read More

April 8, 2020 @ 10:58 am By JD Alois  |  

Assetz Capital, a peer to peer lending marketplace, held a vote of platform investors on providing forbearance to borrowers during the COVID-19 pandemic. Assetz Capital reports that investors have “overwhelmingly” voted to provide relief and to extend loans for an initial three months, where needed…. Read More

April 8, 2020 @ 8:14 am By Samantha Hurst  |  

UK-based digital banking group Starling Bank announced on Wednesday the launch of its second debit card for personal accounts, Connect. According to Starling, the Connected card has been designed to help personal account customers who are self-isolating during the COVID-19 pandemic and are relying on… Read More

April 7, 2020 @ 3:02 pm By Omar Faridi  |  

UK-headquartered Privitar, a data privacy company, has secured $80 million in funding through a Series C investment round led by Warburg Pincus. ABN Amro Ventures, the VC division of ABN Amro, the third-largest bank in the Netherlands, also took part in Privitar’s latest round. Accel,… Read More

April 7, 2020 @ 10:17 am By JD Alois  |  

Wirex, a UK based payments platform, is reporting profitability while claiming over 3 million active users in more than 130 different countries. Wirex did not provide details on the profitability report as to whether it was for the full year of 2019, the most recent… Read More

April 7, 2020 @ 8:20 am By JD Alois  |  

The COVID-19 pandemic has challenged all UK businesses. But smaller firms and early-stage companies may end up bearing the brunt of the impact as these companies can be less well prepared to endure an ongoing economic shutdown. Today, the Enterprise Investment Scheme Association (EISA) is… Read More

April 7, 2020 @ 7:38 am By Omar Faridi  |  

UK-based banking group NatWest‘s online business services bank, Mettle, will be providing free access to FreeAgent’s cloud-powered accounting software The software should help freelancers, sole traders and small and medium-sized enterprises (SMEs) with handling their accounting work. Companies that sign up to connect their FreeAgent… Read More

April 6, 2020 @ 3:57 pm By Samantha Hurst  |  

Lupe Technology, a UK-based consumer tech brand that’s created “game-changing” cordless vacuums, has launched an equity crowdfunding campaign on Seedrs to raise £650,000 in funding. The company is currently offering 11.45% in equity at a £5,075,023 pre-money valuation. Founded in 2015, Lupe describes itself as… Read More

April 6, 2020 @ 11:48 am By JD Alois  |  

Everyone is accustomed to seeing credit/debit card numbers on the plastic we lug around in our wallets. These numbers are a holdover from the day when merchants needed to type in or take an impression of the actual card. Until the Apple Card emerged, all… Read More

April 6, 2020 @ 11:14 am By JD Alois  |  

On March 10, 2020, the Bank of England, Monetary Policy Committee (MPC) voted to reduce Bank Rate and to introduce a new Term Funding Scheme with additional incentives for Small and Medium-sized Enterprises (TFSME). Today, the Bank is announcing that the TFSME will open for… Read More

April 6, 2020 @ 10:42 am By Samantha Hurst  |  

UK-based fintech Chip announced on Monday it has appointed Philip Wright as its new CFO. Chip reported that prior to joining its team, Philip was the CFO at Auto Service Finance and Babylon Health. He also leadership roles at Funding Circle (Interim Financial Operations Director)… Read More

April 6, 2020 @ 8:55 am By Samantha Hurst  |  

Yapily, an open banking platform based in the UK, announced on Monday it secured $13 million through its Series A funding round, which was led by Lakestar, an early investor of Skype, Spotify, Airbnb, Facebook, and Revolut, with participation from HV Holtzbrinck Ventures and LocalGlobe…. Read More