Tagged: united kingdom

August 18, 2019 @ 8:07 am By Cali Haan  |  

Coinbase, a large, US-based cryptocurrency trading platform, experienced a shake up of its UK banking services this week. On Wednesday, an anonymous “rBitcoin” forum participant on Reddit posted that (Banco) Santander was refusing to deposit money to the individuals’ Coinbase UK account, probably because of… Read More

August 16, 2019 @ 8:55 am By JD Alois  |  

Marketplace lending company Funding Circle (LSE:FCH) is out with a release announcing the platform has now lent over $10 billion since launch in 2010. Funding Circle operates in the UK, Germany, the Netherlands and the US. The London based company is the first peer to… Read More

August 16, 2019 @ 8:22 am By JD Alois  |  

Curve, a Fintech in the banking sector that consolidates multiple cards and accounts into one smart card, is launching a “seven-figure” crowdfunding campaign in September, according to a note from the firm. Curve will be raising capital on Crowdcube as part of its Series B… Read More

August 16, 2019 @ 8:05 am By Samantha Hurst  |  

Stagedoor, a London-based theatre app startup, has successfully secured its initial £175,000 funding target on the equity crowdfunding platform, Seedrs. The company previously raised over 350,000 through its 2018 crowdfunding campaign on Seedrs and is offering 20% in offered discount. As previously reported, Stagedoor helps… Read More

August 16, 2019 @ 1:37 am By JD Alois  |  

Outlier Ventures, a venture platform that funds seed and growth stage blockchain firms, has published a report on blockchain investment. According to Outlier, since 2013 approximately 3,738 blockchain companies have raised $23.7 billion. Funding for blockchain firms in 2019 appears to be on track to… Read More

August 15, 2019 @ 8:21 am By Samantha Hurst  |  

UK challenger bank Monzo announced on Thursday the launch of its flexible loans. The startup reported that over the past nine months it has gradually been offering loans to more and more of its customers to make sure its system was to “get it right.”… Read More

August 14, 2019 @ 3:45 pm By Samantha Hurst  |  

Yielders, a property investment platform based in the UK, completed its equity crowdfunding campaign on Seedrs with a total of £661,135 in funding raised. Through the funding round, Yielders offered 4.76% in equity with a £10,004,118 pre-money valuation. As previously reported, Yielders claims to be… Read More

August 14, 2019 @ 1:06 pm By JD Alois  |  

Last week, online lender Funding Circle (LSE:FCH) released its 6-month report and the shares have responded positively to the numbers. Six-month Revenue was reported at £81.4 million versus H1 2018 at £63.0 million – up 29%. Loans under management rose 37% to £3.54 billion and… Read More

August 14, 2019 @ 11:00 am By JD Alois  |  

Earlier this month, leading UK investment crowdfunding platform Crowdcube rebranded after multi-year stint of a fairly consistent design. Crowdcube explained the move in a blog post declaring “crowdfunding 1.0 is dead.” To quote Crowdcube: “Today’s savvy entrepreneurs want Crowdcube 2.0; they want funding that fuels… Read More

August 14, 2019 @ 8:32 am By JD Alois  |  

“Another clear sign that cryptocurrencies like Bitcoin, Ethereum and XRP are not only part of mainstream finance, but also the future of money.” deVere Group CEO Nigel Green believes recent actions by UK tax authorities are signs that cryptocurrency is winning the battle of becoming… Read More

August 13, 2019 @ 10:18 pm By Cali Haan  |  

The UK Government’s Department of Work and Pensions (DWP) is taking a stab at using DLT (distributed ledger technology) to make pension payments more efficient and secure. The UK’s welfare ministry, however, has “abandoned” the tech in the past, Attack of the 50 Foot Blockchain… Read More

August 13, 2019 @ 1:09 pm By Samantha Hurst  |  

UK-based fintech Delio announced on Tuesday it secured £3 million in venture capital to continue increasing its presence across Asia, the Middle East, and North America. As previously reported, Delio describes itself as a complete white-label platform solution for private assets, helping financial institutions and… Read More

August 13, 2019 @ 9:34 am By Samantha Hurst  |  

Just days after launching its latest equity crowdfunding campaign on Seedrs, UK-based investment services Smarterly has successfully secured its initial £2 million funding target. The new funding round comes just a little over six months after Smarterly raised £1,638,150 through its previous Seedrs campaign. As… Read More

August 13, 2019 @ 8:11 am By JD Alois  |  

Challenger bank Tandem has announced the impending launch of a new “crowd-designed” mortgage product for UK consumers.  In a release, Tandem said it plans to offer competitive mortgages to first-time buyers and “property ladder hopefuls” based on a range of financial data points. Tandem said… Read More

August 12, 2019 @ 5:54 pm By Cali Haan  |  

The UK division of US-based cryptocurrency exchange Coinbase has sent letters to customers telling them to convert their ZCash coins or remove their balances by August 26th, Coindesk reports. Balances not relocated will be converted to British pounds. ZCash is a so-called “privacy coin” that… Read More

August 12, 2019 @ 5:49 pm By JD Alois  |  

Seedrs co-founder and Executive Chairman Jeff Lynn has responded to a critical article published in the Sunday Times this past weekend. The article in question portrayed Seedrs as struggling claiming: “crowdfunding site halts trading as reserves dwindle,” as it reportedly pursues a new funding round…. Read More

August 12, 2019 @ 12:19 pm By Samantha Hurst  |  

Less than a year after securing £1,638,150 through its previous Seedrs campaign, UK-based investment services Smarterly has returned to the equity crowdfunding platform to raise £2 million in funding. The company is now offering 10.68% in equity at a £16,723,855 pre-money valuation. As previously reported, Smarterly stated… Read More

August 12, 2019 @ 9:33 am By JD Alois  |  

  Technology is at its best when it is ubiquitous and unobtrusive. We want tech to be available wherever and whenever we need it but it should not be something that is hard to access. It must be simple to use. Today, most tech services… Read More

August 12, 2019 @ 7:20 am By JD Alois  |  

Online property finance marketplace LendInvest has received a £200 million investment from the National Australia Bank (NAB). The investment was supported by HM Treasury. Chris Philp, PPS to the Chancellor of the Exchequer, commented on the announcement: “This very substantial investment from NAB into LendInvest… Read More

August 11, 2019 @ 10:15 pm By Samantha Hurst  |  

Just a few years after securing more than £90,000 in funding through its previous Crowdcube round, The Hebridean Food Co. has returned to the equity crowdfunding platform with a mission to raise a minimum of £200,000. The company is now offering 10.35% in equity, at… Read More