Tagged: united kingdom

May 24, 2019 @ 12:31 pm By JD Alois  |  

At one time, Loot had all the appearances of a promising young Fintech. Launched in 2014, in January of this year, it was reported that the Royal Bank of Scotland (RBS) had taken a 25% stake in the startup as it prepared to launch a new… Read More

May 24, 2019 @ 9:10 am By Samantha Hurst  |  

Gozney, a British manufacturer of professional wood and gas stone ovens, announced it is planning to launch an equity crowdfunding campaign on Crowdcube next month. The company reported it is seeking to raise £500,000 through the funding round in order to accelerate its expansion into… Read More

May 23, 2019 @ 3:48 pm By Samantha Hurst  |  

Less than two years after securing more than £1.3 million through its previous Crowdcube round, Money Dashboard was returned to the equity crowdfunding platform and has surpassed more than £2.1 million in funding. The funding round was launched, originally seeking £1.5 million, and has so… Read More

May 23, 2019 @ 11:31 am By JD Alois  |  

Aspiring Fintech Loot has shuttered its doors and gone into administration. According to a statement posted on their website, Loot has hired Henry Anthony Shinners and Adam Henry Stephens of Smith & Williamson LLP to handle the dissolution. The Royal Bank of Scotland (RBS) was… Read More

May 23, 2019 @ 9:14 am By JD Alois  |  

The UK is a hotbed of Fintech innovation and a leading global hub of finance – both the analog and digital kind. Brexit has put this prominence in question as European barriers re-emerge. But between robust government support and a vibrant ecosystem which is well… Read More

May 23, 2019 @ 8:30 am By Samantha Hurst  |  

Digital bank Revolut announced on Thursday the launch of its Group Vaults, which are described as the simple way to save for that special gift or occasion with friends and family on the Revolut platform. Revolut further explained: “Wedding gifts, holidays, a family car, or… Read More

May 22, 2019 @ 2:34 pm By Samantha Hurst  |  

Pension managing company PensionBee announced earlier this week that it has expanded its integration with digital banking group Starling Bank. PensionBee revealed that Starling Bank customers may now seamlessly combine all their old pensions into a new PensionBee plan, offering a pension consolidation product in… Read More

May 22, 2019 @ 12:41 pm By JD Alois  |  

Fintech Unicorn and stealth bank Transferwise has raised $292 million at a valuation of $3.5 billion. According to multiple reports, Transferwise has doubled its valuation in contrast to its last funding round. The round was said to be over-subscribed. Transferwise last raised capital at a… Read More

May 21, 2019 @ 7:48 am By JD Alois  |  

Community benefit society Broadband for the Rural North (or B4RN) has raised £2 million in a bond following its first close on the Triodos crowdfunding platform. Founded in 1980, Triodos Bank focuses on sustainable banking globally. Triodos Bank is active in the Netherlands, Belgium, the UK,… Read More

May 20, 2019 @ 4:59 pm By Samantha Hurst  |  

Just one week after launching its latest equity crowdfunding campaign on Seedrs, UK-based peer-to-peer lending platform Assetz Capital has successfully secured its initial £1 million funding target and is now nearing £1.3 million. The funding round comes less than two years after Assetz Capital raised more… Read More

May 20, 2019 @ 3:52 pm By Samantha Hurst  |  

UK challenger bank Monzo announced on Monday it has attracted two million users to its digital banking platform. Founded in 2015, Monzo reported that it is building a “new kind of bank” that lives within smartphones and is built for the way users live today…. Read More

May 20, 2019 @ 12:16 pm By Samantha Hurst  |  

Modulr, a Payments as a Service API Platform for digital businesses, announced on Monday it secured £14 million through its latest investment round, which was led by new investors Frog Capital as well as further investment from existing investors including Blenheim Chalcot. Founded in 2015,… Read More

May 20, 2019 @ 11:39 am By JD Alois  |  

The UK Economic Secretary to the Treasury, John Glen, delivered a speech today during CityWeek 2019. In his presentation, Glen spoke about the robust strength of the UK economy even while Brexit questions remain. Glen noted that unemployment is down, wages up, inflation is steady…. Read More

May 20, 2019 @ 11:04 am By Samantha Hurst  |  

Flexible wage app, Wagestream, announced on Monday it has hit its £40 million milestone following its latest investment round, which raised £15 million and was co-led by early-stage venture capital specialists Balderton and Northzone. Founded in 2018, Wagestream allows employees to have the power to… Read More

May 20, 2019 @ 7:46 am By JD Alois  |  

Koine has acquired Recruitable Ltd (trading as hireabl) – a Fintech described as a pre-launch platform for automated client on-boarding. Jason Mochine, formerly CEO at hireabl, will now become Head of Sales at Koine. Koine is a firm engaged in the settlement and custody of… Read More

May 19, 2019 @ 9:53 pm By Samantha Hurst  |  

Digital wealth management platform MarketsFlow is set to close its latest equity crowdfunding campaign on Crowdcube with nearly £775,000 in funding from 450 investors. The funding round was launched last month, originally seeking a minimum of £700,000. As previously reported, MarketsFlow is described as a… Read More

May 19, 2019 @ 9:39 pm By Samantha Hurst  |  

Just days after launching its latest equity crowdfunding campaign on Seedrs,  The Cheeky Panda, a 100% ultra sustainable, low carbon, bamboo tissue product brand, closed the funding round after securing a grand total of £1,420,744. The campaign originally sought to raise a minimum of £750,000…. Read More

May 18, 2019 @ 11:30 am By JD Alois  |  

The Certua Group, a deep data company targeting financial services, has acquired Insurtech the Surely Group. Surely provides a cloud-based, multi-lingual and multi-currency Software-as-a-Service (SaaS) product that allows a user to obtain a quote for an insurance product, buy the product and manage the product… Read More

May 18, 2019 @ 10:43 am By JD Alois  |  

Digital bank Revolut has grand plans to expand its services around the world. Based in the UK, the Fintech now serves over 4 million customers in the European Economic Area (EEA), Switzerland, and Australia. A Fintech Unicorn, Revolut has not been shy about its intent… Read More

May 17, 2019 @ 11:17 am By Samantha Hurst  |  

UK-based digital banking platform Starling Bank recently celebrated its second anniversary. Founded in 2014 and officially launched in 2017, Starling Bank describes itself as a UK mobile-only bank that offers personal, joint, and business accounts. The app allows users to “take the stress out” of… Read More