Tagged: united kingdom

January 9, 2020 @ 7:13 am By JD Alois  |  

Transferwise, one of the most successful Fintechs of all time, is now enabling European users to set up direct debits for users to pay their bills. Traditionally, this is a process that more mundane banks handle for their customers but Transferwise continues to operate more… Read More

January 9, 2020 @ 6:28 am By JD Alois  |  

Riverside Capital, a platform for professional investors and intermediaries to invest in the UK commercial property market, has received a £2.3 million loan from OakNorth Bank. The funding will be utilized to acquire and develop a two-story office in Hoxton. The development is also said… Read More

January 8, 2020 @ 3:50 pm By Samantha Hurst  |  

With its equity crowdfunding campaign set to close next week on Crowdcube, Cowboy, a Belgium-based smart electric bike startup, will be completing the funding round with more than £3.66 million in funding raised. The company launched the funding round last month, originally seeking £1.2 million…. Read More

January 8, 2020 @ 2:28 pm By Omar Faridi  |  

It’s been eight years since Accenture’s London-based Fintech Innovation Lab was launched. The innovation lab is now welcoming a new group of 20 Fintech companies, with reportedly a 50% increase in the number of women founders when compared to last year. The Lab has been… Read More

January 8, 2020 @ 1:08 pm By Samantha Hurst  |  

Standard Chartered, a UK-based multinational banking and financial services company with $688 billion in assets, announced on Tuesday the launch of SC GPI Track, which is described as a publicly accessible portal that offers the ability to trace all cross-border payments cleared through Standard Chartered’s… Read More

January 7, 2020 @ 3:01 pm By JD Alois  |  

Goldman Sachs  (NYSE: GS), the leading global investment bank, will be segmenting out its business operations in the upcoming Q4 earnings report scheduled for January 15, 2020. This will include breaking out its emerging consumer division, a portion of its business that includes its digital… Read More

January 7, 2020 @ 1:06 pm By Samantha Hurst  |  

KogoPAY, a UK-based fintech startup, completed its equity crowdfunding round on Crowdcube with more than £200,000 in funding secured. The company offered its 281 Crowdcube investors with 2.01% in equity at a £10 million pre-money valuation. Founded in 2018, KogoPAY describes itself as a fintech… Read More

January 7, 2020 @ 9:19 am By Omar Faridi  |  

UK-headquartered Fintech firm TransferWise revealed on January 6 that it has introduced a new service that allows Singapore-based clients to receive money internationally via peer-to-peer (P2P) instant payment service provider, PayNow. Individuals based in Singapore will now be able to receive funds from overseas locations… Read More

January 7, 2020 @ 1:32 am By Omar Faridi  |  

New research performed in the UK has revealed that fewer business-to-business (B2B) invoices were paid late in 2019 when compared to 2018. Construction company Kier Construction is among several firms that have benefited from the UK’s efforts to settle payments in a timely manner. The… Read More

January 6, 2020 @ 11:00 am By Samantha Hurst  |  

UK-based scooter brand eFOLDi is set to close its equity crowdfunding campaign on Crowdcube later this week with nearly £500,000 secured. The funding round, which has attracted 250 Crowdcube investors, made its debut less than two years after eFOLDi raised £1.1 million through its first… Read More

January 6, 2020 @ 9:31 am By Samantha Hurst  |  

Baanx, a mobile digital banking app, payments engine, and cryptocurrency platform, has successfully secured its initial £600,000 equity crowdfunding target on Seedrs. The funding round was launched last month and has so far attracted nearly 350 Seedrs investors. As previously reported, Baanx was founded in… Read More

January 6, 2020 @ 9:20 am By JD Alois  |  

Digital challenger Starling Bank is highlighting research that points to the burden of micro-businesses when it comes to managing financial admin demands. Starling notes that there are an estimated 5.6 million micro-businesses (0 to 9 employees) in the UK. According to the research, which surveyed… Read More

January 6, 2020 @ 8:22 am By JD Alois  |  

Seedrs, a leading investment crowdfunding platform in the UK and a trailblazer in online capital formation, has announced 2019 investment numbers. According to a release, Seedrs had a record-breaking year with the highest levels of investment than in all prior years. The investment activity was… Read More

January 5, 2020 @ 11:13 pm By Samantha Hurst  |  

B-North, a UK-based business lending company, is set to close its equity crowdfunding campaign on Crowdcube with more than £2 million in funding secured. The investment round has attracted nearly 500 Crowdcube investors. As previously reported, B-North is now looking to change the face of business… Read More

January 4, 2020 @ 9:21 am By Omar Faridi  |  

Augmentum Fintech PLC (LON:AUGM), an investment firm currently focused on the Fintech industry, recently revealed that it had invested £7.5 million (appr. $9.8 million) into UK-based online bookkeeping solution provider, Receipt Bank. Augmentum’s latest investment has come as part of Receipt Bank’s £55 million (appr…. Read More

January 4, 2020 @ 8:49 am By Omar Faridi  |  

Online app bank Koto Card says it’s preparing to launch in the United Kingdom this month. The digital banking app will let users apply for a free prepaid card and borrow as much as £400 (appr. $523) at one time, while paying 25p per day… Read More

January 3, 2020 @ 9:45 am By JD Alois  |  

Starting on Friday, January 10, 2020, the UK Financial Conduct Authority (FCA) expects all “cryptoasset businesses” (IE VASPs, Digital Asset firms etc.) to be compliant under Anti-money Laundering (AML) and Counter Terrorist Financing (CFT) rules. The FCA is the main securities regulator in the UK… Read More

January 3, 2020 @ 8:01 am By Samantha Hurst  |  

Receipt Bank, a UK-based digital bookkeeping platform, has secured $73 million through its Series C funding round, which was led by Insight Partners, joined by Augmentum Fintech with participation from existing investors Kennet Partners and Canadian Imperial Bank of Commerce (CIBC). As previously reported, Receipt… Read More

January 2, 2020 @ 4:11 pm By Samantha Hurst  |  

Padoq, a UK-based enterprise app platform, is now seeking to raise a minimum of £850,000 through its equity crowdfunding campaign on Seedrs. The company is currently offering 14.65% in equity at a £4,952,400 pre-money valuation. Founded in 2017, Padoq describes itself as a community network… Read More

January 2, 2020 @ 8:55 am By Samantha Hurst  |  

Omnio, a UK-based fintech that offers banking and payment services for businesses, has reportedly secured €15 Million through its latest private placement funding round. The company offered 23,077 shares at a rate of €650 per offer share through the round. Founded in 2018, Omnio claims… Read More