Tagged: united kingdom

April 1, 2020 @ 2:18 pm By Samantha Hurst  |  

Just a few weeks after launching its business accounts, UK challenger bank Monzo announced the launch of “Monzo Business” for web, which gives users the option to manage their business account on their computer or laptop. As previously reported, Monzo stated it spent the past… Read More

April 1, 2020 @ 9:38 am By JD Alois  |  

Habito, an online platform that streamlines the entire home mortgage process, has topped £4 billion in mortgage submissions, according to a Tweet from the company. Habito is a Proptech firm that was launched in 2016 “to end mortgage hell forever.” You have to love that…. Read More

April 1, 2020 @ 8:58 am By Omar Faridi  |  

Fintech firm Currencycloud, which facilitates international transactions for several large finance apps, has secured $80 million via an investment round backed by payments giant Visa. Headquartered in the UK, Currencycloud’s main business involves selling payment software to banks and Fintech companies, which they use to… Read More

April 1, 2020 @ 8:43 am By JD Alois  |  

Zeux, a mobile Fintech app enabling payments, zero-fee foreign exchange, investment and savings alternative options, has announced the launch of a physical VISA card. While Zeux may be paddling upstream, the company said the move was to satisfy the growing appetite for a ‘phygital’ –… Read More

April 1, 2020 @ 7:46 am By Omar Faridi  |  

Charities in the United Kingdom are currently experiencing major challenges due to the deadly Coronavirus (COVID-19) outbreak. Payments services provider Thyngs has partnered with the Charities Trust, in order to introduce a new way to assist the UK’s charities sector with raising funds from people… Read More

April 1, 2020 @ 2:03 am By JD Alois  |  

Digital bank Starling Bank is now offering an “overdraft interest holiday” to personal account holders who are struggling financially due to the COVID-19 crisis. Starling Bank customers may apply for a three month interest holiday beginning today (Apri 1, 2020). Effectively, Starling will waive all… Read More

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