Tagged: united kingdom

October 3, 2019 @ 9:45 am By Samantha Hurst  |  

Curve, a banking platform that consolidates multiple cards and accounts into one smart card and even smarter app, announced on Thursday it has appointed the former head of Samsung Pay Europe, Nathalie Oestmann, as its new Chief Operating Officer. According to Curve, Oestmann will be responsible… Read More

October 2, 2019 @ 10:01 am By Samantha Hurst  |  

AI-powered automatic savings account mobile app, Chip, is set to close its latest equity crowdfunding campaign on Crowdcube with more than £3.9 million secured. The funding round was launched at the end of September and quickly secured its initial £1 million funding target. Chip is… Read More

October 2, 2019 @ 9:05 am By Samantha Hurst  |  

Creditspring, a UK-based subscription-based loan membership platform, has successfully secured its initial £1.5 funding target through its equity crowdfunding campaign on Seedrs. The funding round was launched in August, with the company offering 13.30% in equity at a £9,780,000 pre-money valuation. As previously reported, Creditspring’s… Read More

October 1, 2019 @ 12:05 pm By Samantha Hurst  |  

Rapyd, a global Fintech-as-a-service provider, announced on Tuesday it secured $100 million through its latest financing round, which was led by Oak HC/FT with participation from Tiger Global, Coatue, General Catalyst, Target Global, Stripe, and Entree Capital. The latest funding round comes just months after Rapyd… Read More

October 1, 2019 @ 10:17 am By Samantha Hurst  |  

Assetz Exchange, a UK-based property crowdfunding platform, has closed its equity crowdfunding on Seedrs with a total of £750,367 raised. The funding round launched earlier this summer and quickly raised its initial £350,000 funding target. Assetz Exchanged offered 4.83% in equity at a £6,902,276 pre-money… Read More

October 1, 2019 @ 8:45 am By JD Alois  |  

Funding Xchange says that borrowing costs for some UK businesses are dropping. Funding Xchange tracks the activity of 40 lenders specialising in small business lending. According to their forthcoming “SME Lending Monitor,” 60% of businesses with a reasonably good credit profile are able to access… Read More

October 1, 2019 @ 8:04 am By JD Alois  |  

European Risk Capital’s transaction pipeline via its “CreditStream” debt program has exceeded £300 million, according to a company release. ERC is an independent finance group that arranges capital for non-bank financial institutions, real estate and more. ERC states that transactions under consideration comprise senior secured… Read More

September 30, 2019 @ 4:10 pm By Omar Faridi  |  

Revolut, a UK-based digital bank and Fintech unicorn, will be hiring around 3500 new staff members, as the company expands its operations into 24 new markets.  Revolut’s expansion plans involve a new global partnership with payments giant Visa Inc, the two companies revealed on September… Read More

September 30, 2019 @ 10:16 am By Samantha Hurst  |  

Genomes.io, a UK-based secure and private DNA data storage and sharing application, has successfully secured its initial £800,000 funding target and is now nearing £900,000 through its recently launched equity crowdfunding campaign on Crowdcube. Founded in 2017, Genomes.io stated it believes individuals should be able… Read More

September 30, 2019 @ 10:04 am By JD Alois  |  

Crowdcube, a leading UK based crowdfunding platform, is out with a note touting the fact they have funded 3 out of 16 (19%) of the UK’s active unicorns. These three companies include BrewDog, Monzo and Revolut. Crowdcube reports that in the past 12 months, the… Read More

September 30, 2019 @ 10:00 am By Samantha Hurst  |  

Anna Money, a UK-based fintech that specializes in SME business banking, is now seeking £3 million through its newly launched equity crowdfunding campaign on Seedrs. The funding round was launched just a little over six months after Anna Money received an £8.5 investment from tech investment firm,… Read More

September 30, 2019 @ 9:27 am By JD Alois  |  

Leading UK based investment crowdfunding platform Seedrs has opened up registration for a self-crowdfunding round. The platform announced in August that two of their institutional shareholders had committed to a £4.5 million investment into the company. Additionally, Seedrs is planning a far larger round next… Read More

September 30, 2019 @ 7:35 am By JD Alois  |  

JustPark recently launched an offering on Crowdcube which easily raised £5.5 million in 48 hours during the pre-registration portion of the round. According to the company, £1 million was raised in under one hour as the company booked an investment every 2 seconds. The private… Read More

September 27, 2019 @ 9:05 pm By Samantha Hurst  |  

Just days before its latest equity crowdfunding campaign on Crowdcube is set to close, self-service multi-currency note/coin exchange machine developer Fourex has successfully secured its initial £900,000 funding target from more than 550 investors. As previously reported, Fourex’s machines use image recognition technology to automatically… Read More

September 27, 2019 @ 1:30 pm By Therese Torris  |  

LendIt Fintech Europe 2019, which took place September 26-27 in London, was placed under the banner of lending and banking convergence. As incumbents collaborate with Fintechs, online lending marketplaces become banks, and challenger banks expand into credit, a new ecosystem is emerging. An indispensable part… Read More

September 27, 2019 @ 11:53 am By JD Alois  |  

Fraud takes place daily in the financial services industry. Crowdfund Insider reads about it every single day. It is just a fact of life. There will always be a miscreant somewhere looking to separate good money from good people. That is why the industry must… Read More

September 27, 2019 @ 9:32 am By Samantha Hurst  |  

Less than a year after raising  £3.4 million through its previous Crowdcube round, AI-powered automatic savings account mobile app, Chip, has returned to the equity crowdfunding platform. Originally seeking £1 million, the company quickly surpassed the funding target has now raised over £3.4 million from… Read More

September 27, 2019 @ 7:06 am By JD Alois  |  

Folk2Folk, a local-focused peer to peer lender providing financing to SMEs, has appointed Roy Warren as its new Managing Director. Warren has been filling the role on an interim basis for some time now. Simultaneously, the P2P lender added four new members to its Board… Read More

September 27, 2019 @ 12:31 am By JD Alois  |  

Small businesses are in urgent need of more government support if no-deal Brexit lands on October 321st, according to research from the UK Federation of Small Businesses (FSB). The clock is ticking and the UK still does not have a deal in hand. Meanwhile, it is… Read More

September 26, 2019 @ 8:35 am By Samantha Hurst  |  

LendInvest, a UK-based online marketplace for mortgages, announced on Thursday it has joined mortgage club Brilliant Solutions’ lender panel in order to bring its Buy-to-Let (BTL) mortgage product distribution to a wider network of brokers.  LendInvest claims that Brilliant Solutions is an “industry expert” in… Read More