Tagged: united kingdom

February 27, 2020 @ 11:27 am By Reece Mennie  |  

Recent analysis carried out by the National Housing Federation revealed an estimated 8.4 million people in England are living in unaffordable, insecure or unsuitable homes. The same data also shows that the housing crisis is affecting people from across all age groups and in every… Read More

February 27, 2020 @ 10:21 am By Omar Faridi  |  

Italy-based FinecoBank, a Fintech service provider and private banking group, is expanding its exchange service hours for its UK-based users, who now have the option of trading different currencies 21 hours a day, 7 days a week. FinecoBank is also expanding its multi-currency accounts to… Read More

February 27, 2020 @ 8:18 am By Samantha Hurst  |  

B-Social, a UK-based fintech that has created a banking mobile app, announced on Wednesday it secured £7.8 million through its latest seed funding round. This latest funding round comes just a little over a year after B-Social raised £3.2 million. It brings B-Social’s total funding… Read More

February 27, 2020 @ 7:19 am By Omar Faridi  |  

UK-based Featurespace, a firm that focuses on fraud prevention, confirmed on February 26 that Finland’s Enfuce, an open banking Fintech firm, will be using the Featurespace ARIC Risk Hub in order to protect its customers from online security threats. Established in 2016 by Denise Koskinen… Read More

February 26, 2020 @ 10:45 am By JD Alois  |  

The UK government has provided an update on its project to digitize home deeds. According to the government, the 7000th deed has been registered digitally in February. Many of the UK’s largest mortgage lenders are now using the service. HM Land Registry safeguards land and… Read More

February 26, 2020 @ 7:44 am By Samantha Hurst  |  

Digital Risks, a UK-based insurtech startup, announced on Wednesday it secured $10.4 million through its Series A funding round, which was led by DHL Holdings. Founded in 2015, Digital Risks claims to be a “new force” in the insurance industry by offering a flexible and… Read More

February 25, 2020 @ 3:22 pm By Samantha Hurst  |  

Wombat Invest, a UK-based investment app, has successfully secured its initial £250,000 equity crowdfunding target on funding portal, Seedrs. The company is currently offering 9.07% in equity through the funding round, at a £2.5 million pre-money valuation. The latest crowdfunding campaign comes less than two… Read More

February 25, 2020 @ 1:45 pm By Samantha Hurst  |  

Collective Benefits, a UK-based insurance platform for self-employed workers, has secured a total of 3.3 million through its seed funding round. Founded in 2019, Collective Benefits gives freelancers “the safety net” they deserve. “There are now 6 million self-employed workers in the UK and we… Read More

February 25, 2020 @ 11:30 am By Omar Faridi  |  

Berlin-headquartered Raisin, a cross-border savings and investment marketplace, has confirmed the strategic placement of more than €20 billion with banks based in 25 different countries. Raisin’s management noted that it’s currently managing an investment volume of more than €500 million.  Raisin also announced that it… Read More

February 25, 2020 @ 9:58 am By JD Alois  |  

Interested in generating returns of 20% to 30% per year? Axiafunder may be for you.  The digital platform that crowdfunds high-quality litigation lawsuits claims to be able to provide outsized, non-correlated returns for investors. Current investment opportunities listed on the platform include cases alleging commercial… Read More

February 25, 2020 @ 7:01 am By Omar Faridi  |  

UK-headquartered Youtility, an Open Banking-enabled home finance technology solution provider, has secured £4.5 million (appr. $5.8 million) in capital via an investment round that included contributions from Barclays and City entrepreneur, Michael Spencer. Youtility’s management said that the funds will be used to expand the… Read More

February 24, 2020 @ 8:40 pm By JD Alois  |  

Leading UK based digital bank Revolut has closed on a $500 million series D funding according to a note from the company. The Fintech was valued at $5.5 billion making it one of the most valued private Fintechs in the world. Funding was led by… Read More

February 24, 2020 @ 3:07 pm By JD Alois  |  

Yesterday, Crowdfund Insider covered the transition by Al Rayan Bank to an app-based banking platform. Today, the Bank has provided additional information on this transition. According to company representatives: “Customers need to register for the Mobile Banking app by 4th March to ensure uninterrupted digital banking,… Read More

February 24, 2020 @ 11:21 am By Samantha Hurst  |  

UK challenger bank Monzo announced on Monday that its users will soon have the option of credit monitoring through its mobile banking app. Monzo revealed that users will be able to see their scores in just a few taps without any need to fill out… Read More

February 24, 2020 @ 7:52 am By JD Alois  |  

Digital bank Starling has kicked off a new advertising campaign focusing on banking services for SMEs, according to a release. The digital pitch promotes Starling Bank as supporting small businesses claiming the bank helps your business fly. Starling Bank is said to be spending “multi-millions”… Read More

February 23, 2020 @ 10:00 am By Ilia Obraztsov  |  

Any new blockchain startup needs funding, but where does that all-important juice come from? While venerable entities (let’s not list them, presumably, you know what and who they are) certainly have the means to plank billions into their chosen ventures, they can’t be expected to… Read More

February 23, 2020 @ 7:37 am By Omar Faridi  |  

New York-based JPMorgan Chase (NYSE:JPM) , the world’s sixth-largest bank with over $2.6 trillion in assets, has moved a step closer to introducing a wide range of personal banking products in the United Kingdom. The move would be similar to what Goldman Sachs has done… Read More

February 22, 2020 @ 9:33 am By Omar Faridi  |  

UK-based Fintech Cashplus is updating its mobile-based app with the spend tracking option offered by Google Maps, the company’s management confirmed on February 20, 2020. The Spending Insights feature uses data obtained from Google Maps to identify where and the exact time when a payment… Read More

February 21, 2020 @ 10:00 pm By Samantha Hurst  |  

Wollit, a UK-based “socially-focused” fintech startup, announced on Thursday it received an investment from venture capital firm Anthemis and banking giant BBVA’s venture creation partnership. Founded in 2017, Wollit claims to be a financial stability network that is giving “peace of mind” to people in… Read More

February 21, 2020 @ 9:34 pm By Samantha Hurst  |  

allplants, a “vegan delivery company,” has successfully secured more than 3 million through its equity crowdfunding campaign on Seedrs. The funding round was launched earlier this month, and quickly raised £2 million in just 48 hours. Founded in 2016, allplants describes itself as an award-winning… Read More