Tagged: united kingdom

October 15, 2019 @ 3:53 pm By Samantha Hurst  |  

Pluto, a UK-based insurtech focused on travel insurance, closed its equity crowdfunding campaign on Seedrs with a total of £643,974 raised. The campaign was launched last month and quickly raised its initial £200,000 funding target. The company offered 9.09% in equity at a £2,000,486 pre-money… Read More

October 15, 2019 @ 10:51 am By Omar Faridi  |  

HSBC, one of the world’s largest banking and financial services organizations, is planning to embrace new technologies and relaunch its “First Direct” brand in order to attract younger clients while competing with digital challengers. According to the Financial Times, the London-headquartered financial institution is considering… Read More

October 15, 2019 @ 8:54 am By JD Alois  |  

The previously announced UK-Australia FinTech Bridge Pilot Programme has kicked off with the Department for International Trade (DIT) bringing 9 UK Fintech firms to Australia. The project is part of an ongoing effort to extend the UK’s prominence as a Fintech while building global partnerships…. Read More

October 15, 2019 @ 8:26 am By JD Alois  |  

Thameside Investment Group has purchased 20% of peer to peer debt trading platform ASMX, according to a note from the company. ASMX was valued at £5 million. Thameside is a UK-based multi-asset investor that currently holds two portfolio companies. ASMX is a secondary market designed… Read More

October 14, 2019 @ 3:57 pm By Samantha Hurst  |  

GoodBox, a tech company that is focused on building solutions that connect donors and causes, has successfully its initial £1 million funding target through its latest equity crowdfunding campaign on Seedrs. The funding round was launched earlier this month and has quickly attracted more than… Read More

October 14, 2019 @ 1:14 pm By JD Alois  |  

Digital challenger bank Revolut is said to be looking to raise $1.5 billion in both debt and equity financing according to a report by Sky News. Apparently, Revolut is talking to JP Morgan to  raise $500 million in equity plus an additional $1 billion in… Read More

October 14, 2019 @ 7:37 am By JD Alois  |  

Crowdfunded electric car Uniti has announced pricing for its initial e-vehicle – Uniti One. The Uniti One will be offered initially to buyers in northern Europe, with first deliveries planned in Sweden and the UK for mid-2020. Additional markets will be added progressively in time…. Read More

October 14, 2019 @ 6:56 am By JD Alois  |  

Starling Bank, a digital challenger bank, has launched a TV advertising campaign to bring its message of a mobile-friendly banking service. Starling Bank has kicked off the promotion with the message to Feel Good About Money. Starling said the publicity was designed to promote its… Read More

October 13, 2019 @ 9:03 pm By Samantha Hurst  |  

Snaffling Pig, a UK-based pork brand, closed its equity crowdfunding campaign on Crowdcube last week after securing £1,286,000 in total funding. Originally seeking £750,000, the campaign quickly secured its initial funding target while offering 7.67% in equity at a £10 million pre-money valuation. Snaffling Pig… Read More

October 13, 2019 @ 1:41 pm By Omar Faridi  |  

UK-based decentralized communication company New Vector raised $8.5 million to help drive adoption for an alternative messaging protocol, called Matrix. The Matrix protocol has been designed to enable secure communication through end-to-end encrypted messaging platforms such as Riot.IM, which is an alternative to Slack, Telegram,… Read More

October 13, 2019 @ 9:29 am By Omar Faridi  |  

UK’s Royal Mint has developed a solid gold payment card that’s priced at £18,750 (appr. $23,460). Royal Mint is a government-owned firm that is tasked with minting coins for the UK. The company noted that it partnered with Mastercard and payments technology firm Accomplish Financial… Read More

October 11, 2019 @ 9:23 am By Samantha Hurst  |  

UnderTheDoor, a UK-based premium home-stay service for homeowners and guests providing hotel quality in the comfort of homes, has launched an equity crowdfunding campaign on Crowdcube and quickly secured £400,000 funding target from nearly 200 investors. The company is currently offering 6.03% in equity at… Read More

October 11, 2019 @ 8:32 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) has published updated information on the ramifications of Brexit in a no deal scenario. Currently, the UK is scheduled to exit the European Union on October 31st. Recently, there has been some more positive chatter on negotiations, and the… Read More

October 11, 2019 @ 2:12 am By JD Alois  |  

Smartlands, “a digital platform for crowdfunding investments via the issuance of digital shares in the form of security tokens,” has signed a “Cooperative Agreement with IIP Securities – a US-based broker-dealer, according to a company release. Smartlands states that the agreement will enable it to… Read More

October 10, 2019 @ 2:37 pm By Samantha Hurst  |  

Pluto, a UK-based insurtech focused on travel insurance, is now nearing 600,000 in funding through its equity crowdfunding campaign on Seedrs. The funding round was launched last month and quickly raised its initial 200,000 funding target. Founded in 2018, Pluto seeks to help customers make… Read More

October 10, 2019 @ 1:45 pm By Samantha Hurst  |  

Yordex, a UK-based fintech, announced last week the introduction of its smart company card to spend management solution software. The company reported that it is making it “simple for fast-growing companies” to control business spend by adding company cards to its smart spend management solution,… Read More

October 10, 2019 @ 10:55 am By JD Alois  |  

ShareIn, an Edinburgh based Fintech, has announced plans to expand the team to 40 people over the coming year. The company says the expansion aligns with the recently announced launch of ShareInPay. Prior to the launch of ShareInPay, the company offered direct investment platforms. ShareInPay… Read More

October 10, 2019 @ 10:23 am By JD Alois  |  

The UK’s largest investment crowdfunding platform Crowdcube has shared their top-line results for Q3. According to the platform, Crowdcube has achieved record revenue. Revenue is up 38%, reaching £2.2 million, totaling £58.7 million of pledged investment. During the quarter, a record ​62,000 in pledged investments… Read More

October 10, 2019 @ 8:58 am By JD Alois  |  

Peer to peer lender RateSetter has reported that for the year March 2019 losses have dropped from £27.5 million in the previous year to £4.2 million. The company claims it has taken a “big step towards profitability. Topline revenue was reported at £33 million with… Read More

October 10, 2019 @ 7:46 am By Omar Faridi  |  

Approximately half, or 50%, of young consumers in the UK would consider opening an account with a different bank to receive a better online banking experience, according to a report by software firm Mulesoft. The tech company investigated bank account holders’ attitudes and preferences related… Read More