Tagged: united kingdom

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

April 4, 2019 @ 8:42 pm By Samantha Hurst  |  

UK challenger bank Monzo announced on Thursday that users may now use the Monzo mobile app to open a cash ISA (Individual Savings Account), thanks to its partnership with OakNorth. It was revealed: “You’ll need to deposit a minimum of £500 to open one. In both… Read More

April 2, 2019 @ 2:26 pm By Samantha Hurst  |  

Propio, a UK-based property investment platform, has successfully secured its initial £300,000 funding target through its equity crowdfunding campaign on Crowdcube. The funding round has so far attracted more than 325 investors since launching last month. As previously reported, Propio describes itself as the home of… Read More

April 1, 2019 @ 6:00 pm By JD Alois  |  

SyndicateRoom is a top investment crowdfunding platform in the UK – one of the “big three”. The platform was co-founded by former schoolmates Gonçalo de Vasconcelos and Tom Britton who met while completing their  MBA at Cambridge Judge Business School. The idea was simple enough:… Read More

April 1, 2019 @ 10:29 am By JD Alois  |  

Stamplay is a company that previously raised capital online at Seedrs. Today, it is part of Apple (NASDAQ:APPL). The Italian startup was purchased for €5 million (£4.28M or $ 5.6M), according to a write up in Isole24Ore. The founders and employees are now a part… Read More

April 1, 2019 @ 9:09 am By JD Alois  |  

Chilango, a popular burrito chain operating in the United Kingdom, is reporting over £3.3 million has been invested in its “Burrito Bond 2” offering. Chilango launched its mini-bond security offering on Crowdcube in 2014. It was the first mini-bond to list on Crowdcube. The security… Read More

April 1, 2019 @ 8:09 am By Samantha Hurst  |  

UK banking group NatWest announced on Monday it is set to trial its new personal mobile app, Mimo. According to NatWest, Mimo has been designed to help customers save time, save money and enjoy financial peace of mind. It will help customers budget, remind them of… Read More

March 31, 2019 @ 9:25 pm By Samantha Hurst  |  

Less than two years after securing more than £1.6 million in funding through its equity crowdfunding campaign on Crowdcube, intelligent headphone creator Kokoon has launched a new funding round on Seedrs to raise £1 million. As previously reported, Kokoon is seeking to bring the world… Read More

March 30, 2019 @ 5:34 pm By Cali Haan  |  

Global insurance firm Hiscox is the now second insurance firm known to have refused to pay out a company damaged in a NotPetya cyberattack, Verdict reports. It is believed that Hiscox has made the refusal because the Russian government was accused by the UK of… Read More

March 29, 2019 @ 9:30 pm By Samantha Hurst  |  

Less than a year after raising £1 million through its second Seedrs campaign, insurtech startup Wrisk has returned to the equity crowdfunding platform, now seeking an additional £750,000.  As previously reported, the insurtech is seeking to shake up the antiquated insurance industry with their smartphone… Read More

March 29, 2019 @ 9:17 pm By Samantha Hurst  |  

Dragon Den alum GripIt is now set to close its latest equity crowdfunding campaign on Crowdcube with nearly £1.2 million in funding from more than 730 investors. GripIt originally sought to raise £1 through the round, which is set to close on Monday.  As previously… Read More

March 28, 2019 @ 2:16 pm By Samantha Hurst  |  

Blueprints, a UK-based investment platform for equitable development projects, is set to close its equity crowdfunding campaign on Crowdcube with more than £1 million in funding. The investment round was launched in January, originally seeking £950,000 and has attracted 300 investors.  As previously reported, Blueprints’ mission… Read More

March 28, 2019 @ 12:55 pm By Cali Haan  |  

Hackers have compromised the personal data of up to 120 000 police officers working in England and Wales, and are believed to be demanding a ransom of cryptocurrencies for the data’s safe return, UK news outlet The Sun reports. Data affected by the breach include… Read More

March 27, 2019 @ 9:52 am By Samantha Hurst  |  

Embley Energy, a UK-based clean and renewable energy source, is now seeking £1.5 million through its new equity crowdfunding campaign on Crowdcube for its SPERBOY device. According to Embley Energy, the SPERBOY device has the ability to generate large amounts of energy through wave power…. Read More

March 27, 2019 @ 7:55 am By Samantha Hurst  |  

UK-based fintech firm Nutmeg announced on Wednesday it is planning to launch a crowdfunding round this upcoming summer through equity crowdfunding platform, Crowdcube. This news comes just a couple of months after the company secured £45 million through its latest funding round, which was led… Read More