Tagged: united kingdom

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

March 16, 2020 @ 2:26 pm By JD Alois  |  

UnderPinned and Banked have announced the launch of a new payments system for contractors including free-lancers. UnderPinned is a freelance career platform that seeks to support freelancers with their career management. Of course, payment for work rendered is an important aspect of freelance work and… Read More

March 16, 2020 @ 2:03 pm By Samantha Hurst  |  

Aurus, a UK-based fintech, scored a €1 million investment from Dubai-based venture capital Silver Rock Group for its gold-back token project. Founded in 2017, Aurus describes itself as a marketplace for crypto-currencies that represent shared ownership of physical assets. The company noted that together with… Read More

March 16, 2020 @ 12:24 pm By Samantha Hurst  |  

Hong Kong-based cryptocurrency platform Crypto.com announced on Monday it is officially shipping MCO Visa debit cards to the UK. The platform reported that the MCO Visa Card range features metal cards with no annual or monthly fees, up to 5 percent cryptocurrency cashback on everyday… Read More

March 16, 2020 @ 8:10 am By JD Alois  |  

Crowdcube, a leading securities crowdfunding platform, has formed a new partnership with Episode 1, a fund that has backed companies like carwow, Shazama, and Zoopla. According to Crowdcube, certain offerings listed on its platform will be led by Episode 1. Issuers seeking to qualify must… Read More

March 16, 2020 @ 7:28 am By Omar Faridi  |  

Fintech unicorn Revolut is now allowing its Premium and Metal customers to purchase and sell gold from directly within its app. Gold has recently risen in price as investors have sought safe havens from the COVID-19 driven market crash. The app’s users can get exposure… Read More

March 15, 2020 @ 3:13 pm By Omar Faridi  |  

An increasing number of UK Fintech firms are establishing operations in Doha, the capital city of the Middle Eastern country of Qatar. Financial technology companies are setting up their businesses in the country after it introduced progressive investment laws and regulations, according to an official… Read More

March 14, 2020 @ 3:39 pm By JD Alois  |  

Assetz Capital has received £15 million in funding from British Business Investments (BBI). According to Assetz Capital, this is the first time a property-focused marketplace has received funding from BBI, a subsidiary of the British Business Bank. Assetz Capital states that the funding will support… Read More

March 13, 2020 @ 3:44 pm By Omar Faridi  |  

The overall demand for IT workers in the UK’s Fintech industry has been increasing steadily, despite the political and economic uncertainty in the country. There has been a 5.9% yearly growth in the number of financial technology jobs in the UK. This, according to the… Read More

March 13, 2020 @ 2:36 pm By Samantha Hurst  |  

Wombat Invest, a UK-based investment app, announced earlier this week it now has more than 12,500 users on its platform. This news comes just after the company secured its initial £250,000 funding target on equity crowdfunding platform Seedrs.  As previously reported, Wombat Invest offers investors… Read More

March 13, 2020 @ 2:16 pm By Omar Faridi  |  

The ongoing competition between traditional banks and innovative Fintech firms might be coming to an end or is already over, according to Barclays, a British multinational investment bank and financial services company with over $1.2 trillion in assets. A recent report from the London-headquartered investment… Read More

March 13, 2020 @ 12:55 pm By JD Alois  |  

Innovate Finance has decided to cancel its annual event, IFGS, the flagship event of UK Fintech Week. IFGS was scheduled to take place on April 20-21 at Guildhall, London. Innovate Finance joins a growing list of events and conferences that have been canceled or postponed due… Read More

March 13, 2020 @ 11:36 am By Andrew Mitchell  |  

It is fair to say that Brexit dominated headlines in the final few years of the 2010s. After the UK made the historic decision to forge its own future outside of the European Union [EU], many people and businesses were naturally concerned as to what… Read More

March 13, 2020 @ 8:20 am By JD Alois  |  

Starling Bank, a digital-only bank, has been voted ‘Best British Bank’ for a third consecutive year at the British Bank Awards. Other Fintechs were on the list too. Revolut, another digital bank, was recognized as the “Innovation of the Year.” Monzo was noted as offering… Read More

March 13, 2020 @ 8:03 am By Omar Faridi  |  

The Bank of England (BoE), the UK’s reserve bank, has released a discussion paper on virtual currencies. The BoE’s 57-page research document includes an illustrative model of central bank digital currencies, or CBDCs, which could be developed to store monetary value and settle payments by… Read More