Tagged: united kingdom

June 4, 2019 @ 7:52 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) has published a long-anticipated update to crowdfunding rules. More specifically, the FCA has “enhanced” aspects of investor protection for investors participating in peer to peer lending (P2P). Rules for investment crowdfunding, on the other hand, came out largely unchanged…. Read More

June 3, 2019 @ 4:09 pm By Samantha Hurst  |  

Just one week after launching, Pavegen’s latest equity crowdfunding campaign on Crowdcube is now nearing £1.3 million in funding from more than 795 investors. The funding round was launched last week and quickly secured £950,000 funding target. Prior to launching the initiative, the company raised… Read More

June 3, 2019 @ 2:41 pm By JD Alois  |  

Peer to peer lender Lendy is no more. On May 24, the online lender went into administration. According to the Lendy website: The administrators are working closely with the FCA who consented to their appointment over the Companies. This website will be used to provide… Read More

June 3, 2019 @ 8:27 am By Samantha Hurst  |  

WorldRemit, a UK based Fintech in the digital money transfer sector, announced on Monday it secured $175 million through its Series D funding round, which was led by existing investors TCV, Accel and Leapfrog Investments. Founded in 2010, WorldRemit describes itself as a global lead-in… Read More

June 3, 2019 @ 7:43 am By JD Alois  |  

Payments and loyalty Fintech Yoyo has announced that David Yates, former president of New Payment Platforms at Mastercard and now a senior advisor to Mastercard, has taken on the role of chairman of the company. Yoyo combines payment, loyalty and marketing to increase customer lifetime… Read More

June 3, 2019 @ 7:27 am By JD Alois  |  

Payday loan alternative Wagestream has issued a release stating the Financial Ombudsman Service (FOS) has received 47,220 complaints against payday lenders since 2018. Yet while many complaints have been received only a fraction have been resolved. Wagestream states that only one out of three are… Read More

June 2, 2019 @ 10:41 pm By JD Alois  |  

Envestors is a “Fintech company that connects investors and scale-up businesses.” Part crowdfunding platform, part angel investor network, and part software as a service. Envestors launched in 2004 as a private investor network for early-stage firms. A digital platform followed in 2013 to directly connect… Read More

June 2, 2019 @ 10:08 pm By Samantha Hurst  |  

Digital wealth management platform MarketsFlow is set to close its equity crowdfunding campaign on Crowdcube later this week with more than 800,000 in funding. The initiative has notably attracted over 500 investors since its launch in April. As previously reported, MarketsFlow describes itself as a… Read More

May 31, 2019 @ 11:47 pm By Samantha Hurst  |  

Just one year after securing more than £2.1 million through its second equity crowdfunding campaign on Seedrs, UK-based hosting management service Airsorted has returned to the funding portal to raise £1 million. As previously reported, Airsorted claims it makes hosting on Airbnb “hassle-free” by using… Read More

May 31, 2019 @ 3:53 pm By Samantha Hurst  |  

Less than two years after completing its first successful Crowdcube campaign, Cool Cold Brew, a UK-based healthier chilled coffee drinks brand, has returned to the equity crowdfunding platform to raise a minimum of £100,000. As previously reported, Cool Cold Brew was launched in 2010 by founder,… Read More

May 31, 2019 @ 9:37 am By Samantha Hurst  |  

Money Dashboard, a UK-based online personal financial management service, announced on Friday it has formed a new partnership with AI-powered savings app Chip. Money Dashboard reported that it has selected Chip as the place for users to store their spare cash. “For those who don’t… Read More

May 31, 2019 @ 9:13 am By Samantha Hurst  |  

PixelPin, a UK-based company that is dedicated to securing personal and business information without using a keyboard, recently closed its equity crowdfunding campaign on Seedrs with a total of £1,467,762 secured.  As previously reported, PixelPin stated it is focused on the use of pictures. Using… Read More

May 30, 2019 @ 2:59 pm By Samantha Hurst  |  

PaySend, a UK-based global payments platform, announced on Thursday it is set to launch its equity crowdfunding campaign on Seedrs. As previously reported, PaySend was founded in 2015 and describes itself as a UK fintech company and payments disruptor on a mission to change how… Read More

May 30, 2019 @ 8:58 am By JD Alois  |  

Long anticipated, digital challenger bank Revolut has added ApplePay to its growing list of services. The option to add a Revolut card to ApplePay is reportedly popping up across Europe. Apparently, Apple Pay is only officially available in the UK and France but according to… Read More

May 29, 2019 @ 12:50 pm By Samantha Hurst  |  

BondMason, an online savings and investments platform that sources investments from across the peer-to-peer (P2P) market for its clients, has reportedly announced it is officially shutting down its P2P lending business. Launched in 2015, BondMason claims it makes it easier for investors to target gross… Read More

May 29, 2019 @ 9:20 am By JD Alois  |  

The governments of the US and the UK held its second meeting of the US-UK Financial Regulatory Working Group in Washington, DC. The inaugural meeting of the Working Group took place in September 2018. The Working Group was formed to improve “bilateral regulatory cooperation with… Read More

May 28, 2019 @ 2:50 pm By Samantha Hurst  |  

Less than four years after securing more than £1.9 million through its previous Crowdcube round, UK-based tech startup Pavegen has returned to the equity crowdfunding platform and has already surpassed £1 million in funding. Prior to launching the funding round, the company raised  £513,000 which… Read More

May 28, 2019 @ 11:25 am By Samantha Hurst  |  

UK-based business lender Growth Street announced on Tuesday it has surpassed 2,500 investors, while simultaneously launching its Innovative Finance ISA (IFISA). The lending platform reported that by offering a 5.8% annual fixed rate of return, the Growth Street ISA has a one-year fixed term, and… Read More

May 28, 2019 @ 7:04 am By JD Alois  |  

London based Regtech ClauseMatch has received venture debt funding from Silicon Valley Bank (SVB). The $2.5 million loan package will be used to support the company’s growth in Europe and Asia. Recently the company started operations in South East Asia based in Singapore. ClauseMatch received… Read More

May 27, 2019 @ 10:03 am By Samantha Hurst  |  

Less than a week after securing its initial £1.5 million funding target in under an hour through its latest Crowdcube round, Money Dashboard is now nearing £2.5 million thanks to more than 1700 investors. As previously reported, Money Dashboard’s app empowers over 100,000 users to… Read More