Tagged: united kingdom

February 21, 2020 @ 11:51 am By JD Alois  |  

LendInvest, a property finance platform, has funded a £12 million loan for a development by a repeat LendInvest borrower. LendInvest reports that the loan was funded in under 8 weeks. The borrower first became a client of LendInvest in 2017 and has now completed a… Read More

February 21, 2020 @ 11:12 am By Omar Faridi  |  

Digital Banking Banking challengers have been introducing innovative financial products in order to compete with traditional banks. Challenger or neobanks attracted $5.2 billion in funding last year, which is more than triple of what they received back in 2018 ($1.6 billion). Italy-based Nexi, a digital… Read More

February 21, 2020 @ 11:09 am By Omar Faridi  |  

SoftBank, a Japan-based global conglomerate holding firm with more than $283 billion in assets, is reportedly planning to invest $100 million, through its second Vision Fund, into Behavox, a UK-based company that uses artificial intelligence (AI) to monitor workers’ behavior at financial services firms. SoftBank’s management… Read More

February 20, 2020 @ 11:07 pm By Samantha Hurst  |  

UK-based marine and automotive insurtech, Concirrus, announced earlier this week it secured $20 million through its Series B funding round, which was led by AlbionVC with participation from current investors IQ Capital, EOS Venture Partners, and several angel investors. Founded in 2012, Concirrus’ Quest platform provides behavioral data and… Read More

February 20, 2020 @ 10:26 pm By Samantha Hurst  |  

HubrisOne, Fintech in the digital asset sector, has successfully secured its latest equity crowdfunding campaign’s £900,000 funding target during the final days on Seedrs. The funding round was launched in December and is currently offering 9.99% in equity at an £8,108,379 pre-money valuation. Founded in… Read More

February 20, 2020 @ 8:15 am By Samantha Hurst  |  

TotallyMoney, a UK-based fintech firm that helps its clients make better financial decisions by putting them right at the center of their credit data, announced on Wednesday it has signed up its three millionth customer since its launch in 2017. This news comes just a… Read More

February 19, 2020 @ 11:26 pm By Omar Faridi  |  

WorldRemit, a cross-border funds transfer company, revealed on February 19 that it has teamed up with Varo Money, an established Fintech firm focused on providing digital banking services in the US.  According to a press release, the partnership between the two companies will give Varo… Read More

February 19, 2020 @ 3:18 pm By Omar Faridi  |  

UK-based Fintech company Axept has unveiled a Strong Customer Authentication (SCA) compliant payment method, which uses contactless payments cards for settling e-commerce transactions. Axept’s new solution does not require users to type in their card details, usernames, passwords or sign up while purchasing items. If… Read More

February 19, 2020 @ 10:00 am By JD Alois  |  

Coinfloor, the “UK’s longest-running Bitcoin exchange,” is targeting retail customers with a new push into consumer-focused trading and investing. In a release, the company said it wanted to make “Bitcoin buying boring” and banish the “Coin BS”. Coinfloor added that it will launch a range… Read More

February 19, 2020 @ 7:25 am By Samantha Hurst  |  

Standard Chartered, a UK-based multinational banking and financial services company with $688 billion in assets, announced on Wednesday it has appointed Kahina van Dyke as its new Global Head of Digital Channels and Client Data Analytics. According to Standard Chartered, Kahina joins from Ripple where… Read More

February 18, 2020 @ 9:26 pm By Samantha Hurst  |  

IPSE, an association for contractors, consultants, interims, freelancers and the self-employed, announced on Tuesday it has formed a new partnership with UK digital banking group Starling Bank.  Through the collaboration, Starling Bank and IPSE will help freelancers insulate themselves against problems linked to uncertain cash… Read More

February 18, 2020 @ 12:10 pm By Samantha Hurst  |  

UK-based challenger bank Monzo is celebrating its fifth birthday!  Founded in 2015, Monzo stated it is building a new kind of bank that lives on smartphones and is built for its users “live today” by solving their problems, treating them fairly, and being completely transparent…. Read More

February 18, 2020 @ 9:36 am By Samantha Hurst  |  

Rapyd, a global B2B Fintech as a Service provider, announced on Tuesday it has signed a new agreement with Visa (NYSE: V) to help expand its worldwide business operations. Through the partnership, Rapyd will collaborate with Visa to offer fintech and payment services, in which… Read More

February 18, 2020 @ 9:09 am By JD Alois  |  

The Competition and Markets Authority (CMA) has issued a statement on Bottomline Technology’s purchase of the Experian Payments Gateway (EPG) business from Experian Limited. The purchased platform allows customers of Bottomline and EPG to make payments via the Bacs and Faster Payments Direct Corporate Access systems…. Read More

February 18, 2020 @ 8:18 am By Omar Faridi  |  

Laura Bygrave, the innovation and ventures lead at Deloitte Legal, confirmed on February 17 that the Big Four auditing firm’s legal division became the “exclusive” legal and professional services partner of “deep tech” Ph.D. entrepreneurship program Conception X. Bygrave, a former assistant director at Ernst… Read More

February 17, 2020 @ 10:41 pm By Omar Faridi  |  

TALL Group of Companies, an established provider of secure digital and paper payment solutions and services, is working with several major banks in order to protect users from cheque-related frauds. The UK-headquartered company is teaming up with several large and small lending firms that will… Read More

February 17, 2020 @ 4:58 pm By Samantha Hurst  |  

Ortharize, a UK-based business travel platform, has successfully secured its initial £500,000 equity crowdfunding campaign target on Crowdcube. The funding round has so far attracted nearly 175 Crowdcube investors. Ortharize describes itself as a b2b travel management self-service platform that enables users to book their… Read More

February 17, 2020 @ 1:28 pm By Samantha Hurst  |  

Wombat Invest, a UK-based investment app, has launched a new equity crowdfunding campaign on Seedrs to raise £250,000 at a pre-money valuation of £2.5million. The company is currently offering 9.07% in equity through the funding round. Founded in 2017, the fintech startup allows investors to… Read More

February 17, 2020 @ 10:32 am By Samantha Hurst  |  

Copper.co, a UK-based custodian for digital assets, announced on Monday it has raised $8 million through its Series A funding round to grow globally by expanding its commercial team and launching new products. Institutional investors in this round include international investment firm  Target Global, LocalGlobe, … Read More

February 17, 2020 @ 10:10 am By JD Alois  |  

UK based digital bank Starling Bank is investing in P2P loans originated on the Zopa platform, according to a report in AltFi. The write-up quotes a Starling Bank representative that explained the arrangement: “Starling is in a unique position among neobanks of having a very… Read More