Tagged: united kingdom

March 20, 2020 @ 11:08 am By Samantha Hurst  |  

Challenger bank Tandem recently announced the launch of its new AI system, Ada. According to Tandem, Ada is a self-learning platform that is designed to deliver insights to add value to the baning group customers’ lives. “We have lots of information about our customers, about… Read More

March 20, 2020 @ 10:53 am By Samantha Hurst  |  

The GP Service, an online service dedicated to helping patients see their doctor online at their own convenience, has successfully surpassed its initial £750,000 equity crowdfunding target on Crowdcube. Founded in 2014, The GP Service is a provider of online services for general medical consultations… Read More

March 20, 2020 @ 9:49 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) has published new guidance for mortgage lenders and administrators and small business lenders. The guidance is in support of programs outlined by the Chancellor earlier this week. Under the plan, borrowers will be able to receive certain relief during… Read More

March 20, 2020 @ 9:17 am By JD Alois  |  

Property finance platform LendInvest has completed its second securitization that was said to be oversubscribed during a time of intense volatility. LendInvest said that it securitized £285 million of prime buy to let (BTL) loans – 9 months after its first securitization. The first securitization… Read More

March 19, 2020 @ 7:40 pm By JD Alois  |  

Celsius Network, a blockchain-based marketplace platform, is reporting profitability after just 18 months of operation. The crypto platform enables users to borrow or lend crypto assets. The company claims that it distributes 80% of its revenue back to the depositor community as weekly interest income…. Read More

March 19, 2020 @ 2:06 pm By Samantha Hurst  |  

Following the recent outbreak of COVID-19 in the UK, online lending platform LendInvest announced that its platform is still functioning and that it is still “Open for Business.” LendInvest reported that on Monday it instructed all London-based staff to work remotely, which followed the government’s… Read More

March 19, 2020 @ 1:00 pm By JD Alois  |  

The UK Financial Conduct Authority (FCA) is widely recognized as the leading securities regulator when it comes to fostering Fintech innovation. The FCA has engendered an innovation-friendly ecosystem due to multiple operational characteristics but one of them, the Regulatory Sandbox, has been emulated widely around… Read More

March 19, 2020 @ 7:42 am By Omar Faridi  |  

London-based Payhawk, a corporate expense management company, has secured €3 million in seed funding. Founded in Bulgaria, Payhawk’s paperless expense management platform aims to improve the  corporate expense management process. The Fintech firm allows companies to add funds to employee cards and automatically process transactions… Read More

March 18, 2020 @ 3:37 pm By Samantha Hurst  |  

Different Dog, a UK-based dog food subscription service, has quickly secured its initial £750,000 funding target through its equity crowdfunding campaign on Seedrs. Founded in 2016, Different Dog claims to be the first dog food company to cook different recipes each week by hand, with… Read More

March 18, 2020 @ 1:26 pm By Samantha Hurst  |  

UK-based fintech Finastra announced on Wednesday it has appointed Gary Bischoping as its new CFO. According to Finastra, Bischoping brings a wealth of technology experience to the team, with recently holding the role as CFO of Varian, a mid-cap medical technology U.S. multinational. Bischoping will… Read More

March 18, 2020 @ 12:18 pm By Samantha Hurst  |  

CEO of Tide, Oliver Prill, addressed the UK-based SME challenger bank’s customers on Wednesday about what they should expect from the Tide team during the outbreak of the coronavirus. As of March 18th, the UK has a total of 2,626 confirmed cases, which includes 2,501… Read More

March 18, 2020 @ 9:08 am By Samantha Hurst  |  

iwoca, an online lender serving SMEs, announced on Wednesday the launch of a new platform, OpenLending, which may unify fintechs and banks to extend iwoca’s lending capabilities to over two million UK businesses. iwoca reported that the launch of OpenLending forms part of its £10… Read More

March 18, 2020 @ 7:45 am By JD Alois  |  

Leading UK crowdfunding platform Seedrs has distributed an email indicating it has transitioned to a virtual operation as employees are now working from home. The company said that as an online business the company was able to migrate to a remote business with “very minimal… Read More

March 17, 2020 @ 11:09 pm By Omar Faridi  |  

Accuity recently acquired London-headquartered Apply Financial, a Fintech firm that offers payment processing and payment validation solutions to individuals and companies. Although the amount paid for the acquisition and the other terms of the deal have not been shared publicly, Accuity’s management said that the… Read More

March 17, 2020 @ 2:44 pm By Samantha Hurst  |  

UK challenger bank Monzo announced on Tuesday the launch of its new business banking accounts. The banking group reported that it has spent the past twelve months building the account to make banking “effortless” for small businesses.  Monzo’s team explained: “We want our business accounts… Read More

March 17, 2020 @ 11:51 am By JD Alois  |  

Funding London, an investment vehicle provided by the Mayor of London, has backed 26 female founders, according to a note from the fund. Founded in 2004 by Maggie Rodriguez Piza on behalf of the Mayor of London, since inception Funding London has backed 673 SMEs… Read More

March 17, 2020 @ 7:32 am By Omar Faridi  |  

Leading digital bank Revolut has been rolling out new features for its digital banking platform. The bank recently introduced new features that allow users to earn cashback or avail special discount offers when they spend. Revolut has also launched a new gold trading service for… Read More

March 16, 2020 @ 10:17 pm By Samantha Hurst  |  

Bidvine, a UK-based online service marketplace, has successfully secured its initial £2.75 million funding target through its equity crowdfunding campaign on Seedrs. Founded in 2014, Bidvine claims to be the fast, free way to get competing quotes for local services from interested, available professionals. “[The… Read More

March 16, 2020 @ 7:00 pm By JD Alois  |  

Fintech TransferWise has announced that its 7 million+ customers can now send money instantly to Alipay users. Alipay is the payments platform provided by Ant Financial (Alibaba). Ant Financial is the highest valued Fintech in the world. “Our newest partnership with Alipay has been one… Read More

March 16, 2020 @ 3:03 pm By Samantha Hurst  |  

UK-based digital banking group Starling Bank announced over the weekend it is revising the interest rate it pays on credit balances on its free current accounts, following the Bank of England’s (BoE) decision to cut interest rates amid the coronavirus outbreak. Starling reported that theBoE… Read More