Tagged: united kingdom

April 16, 2019 @ 1:08 pm By Samantha Hurst  |  

U.S. fintech Brex announced on Tuesday it secured $100 million debt capital investment from Barclays Investment Bank to help power the next phase of its growth. According to Brex, the capital comes in the form of a warehouse line of credit, which is backed by… Read More

April 16, 2019 @ 8:44 am By JD Alois  |  

Welendus (PTP Funding Limited), a peer to peer lending platform, has received an investment from the Unicorn Ascension Fund (UAF) for an undisclosed amount. The investment was said to be used for future expansion into India. Other early-stage investors in the company include Pontaq, a… Read More

April 16, 2019 @ 7:51 am By JD Alois  |  

Peer-to-peer property lender CrowdProperty has closed their £1.1 million equity crowdfunding round on Seedrs easily topping their £600,000 goal. CrowdProperty raised capital at a pre-money valuation of £15.7 million. Approximately 575 investors supported the round. The news of their successful equity offering was joined by… Read More

April 16, 2019 @ 2:32 am By Erin Hobey  |  

UK-based fintech startup Upgrade Pack, a closed marketplace for global user access to discounted flight and hotel upgrades, has surpassed its Seedrs equity crowdfunding campaign target goal, swiftly surpassing £500,000 with the help of over 425 investors. To date, over £545,000 has been raised for 4.1% equity at… Read More

April 15, 2019 @ 11:15 am By Samantha Hurst  |  

UK-based fintech Rapyd announced on Monday it has formed a partnership with OCBC Bank to enable real-time bank payments for Singapore consumers and online retailers through peer-to-peer funds transfer service PayNow. According to Rapyd, PayNow will enable OCBC Bank customers to make digital payments using… Read More

April 15, 2019 @ 8:16 am By Samantha Hurst  |  

Standard Chartered Bank announced last week it has launched an expanded online gateway and mobile app for corporate clients, to additional markets in Asia to further support its clients’ growing e-commerce and m-commerce aspirations. According to Standard Chartered, the gateway is now available in China,… Read More

April 15, 2019 @ 7:13 am By JD Alois  |  

Research compiled by YouGov, Seedrs, and banking app Dozens, shares a dim view of financial sophistication in the UK. According to the report, a majority of UK adults are poorly informed about financial services and planning for their future. The study conducted by YouGov was… Read More

April 14, 2019 @ 9:12 pm By Samantha Hurst  |  

Peer-to-peer property lender CrowdProperty will be closing its Seedrs funding round after surpassing £1 million in funding from close to 550 investors. As previously reported, CrowdPropert describes itself as a platform that promotes investments that return up to 8% per annum noting that, to date,… Read More

April 14, 2019 @ 9:04 pm By Samantha Hurst  |  

Propio, a UK-based property investment platform, is set to close its equity crowdfunding campaign on Crowdcube with more than £350,000 from nearly 465 investors. As previously reported, Propio describes itself as the home of the Property ISA.  Its platform notably combines decades of property expertise… Read More

April 12, 2019 @ 9:21 pm By Samantha Hurst  |  

Whey Forward Health, a UK-based multi-brand and wellness company, has successfully secured its initial £700,000 funding target through equity crowdfunding platform Seedrs. The company, which claims itself to be a leader in the field of dairy-derived nutriceuticals, is striving to deliver the purest, most bioavailable… Read More

April 12, 2019 @ 9:53 am By JD Alois  |  

Fintech Raisin has partnered with ClearScore a UK credit checking service. ClearScore will now offer access to savings accounts by integrating with the Raisin service. ClearScore claims more than 8 million UK users of the free online credit check service. These users will be offered… Read More

April 12, 2019 @ 8:48 am By Samantha Hurst  |  

The University of Strathclyde announced this week the launch of its new fintech accelerator program in collaboration with Strathclyde Business School. According to the University, the Strathclyde Entrepreneurial Network (SEN) accelerator programme encourages the development of early-stage innovation-driven fintech businesses. “Four groups of entrepreneurs will have access… Read More

April 11, 2019 @ 2:08 pm By Samantha Hurst  |  

Cryptocurrency exchange Coinbase announced on Wednesday the launch of its Visa debit card in the UK. According to Coinbase, the debit card allows customers to spend crypto as effortlessly as the money in their bank. The card’s description reads: “Coinbase Card is powered by customers’… Read More

April 11, 2019 @ 7:20 am By Samantha Hurst  |  

UK-based fintech startup, Upgrade Pack, has successfully secured its initial £500,000 funding target on equity crowdfunding platform Seedrs. As previously reported, Upgrade Pack, which was founded last year, is described as a closed marketplace where airlines and hotels make discounted upgrades available to an exclusive… Read More

April 10, 2019 @ 11:34 am By Samantha Hurst  |  

UK-based challenger bank Redwood has reportedly surpassed £100 million in lending. As previously reported, Redwood is considered one of the newest additions to the future of banking, joining peers such as Monzo, Starling, Revolut and more. Redwood is on a mission to target the SME… Read More

April 10, 2019 @ 10:03 am By Samantha Hurst  |  

UK-based peer-to-peer lender RateSetter recently announced its ISA has now passed the milestone of attracting £200 million in subscriptions. RateSetter claimed that the ISA is considered to be the most popular Innovative Finance ISA in the market. The online lending platform also revealed that one… Read More

April 9, 2019 @ 3:55 pm By Samantha Hurst  |  

UK-based insurtech Wrisk has successfully secured £750,000 through its third equity crowdfunding campaign on Seedrs. The funding round was launched less than a year after the startup raised £1 million through its second Seedrs initiative. Wrisk is aiming to shake up the antiquated insurance industry… Read More

April 8, 2019 @ 11:07 pm By Cali Haan  |  

Sarah John, Chief Cashier at the Bank of England told Currency Conference 2019 attendees in Dubai this week that use of cash is declining in the UK but that bank notes are not yet passé. John cited statistics showing that cash use dropped from 61%… Read More

April 8, 2019 @ 6:17 am By JD Alois  |  

LendInvest, one of the most successful online lending platforms in the UK, has raised £200 million from HSBC UK to help fuel expansion into the regulated home loan market. In a release, LendInvest said this marks the company’s next step towards achieving its ambition of… Read More

April 5, 2019 @ 8:23 pm By Samantha Hurst  |  

Less than a month after launching its equity crowdfunding campaign on Seedrs, property crowdfunding platform CapitalRise has closed the round with more than £2.2 million in funding. As previously reported, CapitalRise is on a mission of simplifying the process for borrowers to efficiently raise the capital… Read More