Tagged: united kingdom

February 18, 2019 @ 10:53 am By Samantha Hurst  |  

UK-based payments platform GoCardless announced on Monday it secured $75 million through its Series D investment round, which was led by new investors Adams Street Partners, GV (formerly Google Ventures) and Salesforce Ventures, as well as existing investors: Accel, Balderton Capital, Notion Capital, and Passion Capital…. Read More

February 18, 2019 @ 10:11 am By JD Alois  |  

Mobile payment Fintech TransferTo has rebranded as two separate company brands. TransferTo has now changed its name to DT One. Simultaneously, the cross-border payments business, which started in 2016, has branched off to operate independently from DT One and has been renamed to Thunes. Thunes will focus… Read More

February 18, 2019 @ 8:46 am By JD Alois  |  

Online small business lender iwoca has raised £150 million in both equity and debt capital, according to a note from the firm. This most recent investment brings iwoca’s total funding to £350 million. The Series D equity funding was led by Augmentum Fintech, a Fintech… Read More

February 17, 2019 @ 9:47 pm By Samantha Hurst  |  

Less than two months after raising more than £1.2  million through its latest equity crowdfunding campaign on Seedrs, UK-based plug socket brand Den has returned to the funding portal and has already secured its initial 200,000 funding target. As previously reported, Den was founded in 2013… Read More

February 17, 2019 @ 9:31 pm By Samantha Hurst  |  

Three Joes, a UK-based sourdough pizza restaurant chain, is set to close its equity crowdfunding campaign on Crowdcube with nearly £500,000 in funding from more than 400 investors.  As previously reported, Three Joes revealed it opened a pilot Three Joes sourdough pizzeria in Farnham, Hampshire in August… Read More

February 17, 2019 @ 8:00 pm By JD Alois  |  

Tokenise is a trading name of Kession Capital Limited, a company registered in the UK and authorised by the Financial Conduct Authority (FCA). The FCA is well known for being Fintech innovationtion friendly. In fact, a recent cohort of their regulatory Sandbox included multiple blockchain… Read More

February 16, 2019 @ 4:33 pm By Cali Haan  |  

Due to “challenging conditions” in crypto markets, Argo Blockchain (LSE:ARB), a cryptomining firm that went public in the UK last year, is no longer accepting new customers for its “mining-as-a-service” program (also known as “cloud mining”), and will terminate all contracts as of April 1,… Read More

February 16, 2019 @ 8:24 am By JD Alois  |  

Yesterday, TokenMarket, a “Global investment platform” announced its intent to raise up to £10 million in a security token offering (STO). Perhaps the most interesting aspect of the forthcoming STO is the fact that TokenMarket will be issuing the securities under the watchful eye of the UK Financial Conduct… Read More

February 15, 2019 @ 10:30 pm By Samantha Hurst  |  

Arro Money, a UK-based authorized current account provider that offers accessible accounts to both individuals and businesses, is now seeking £1 million through its equity crowdfunding campaign on Crowdcube. Founded in 2016, Arro Money stated it is on a mission to create the most straightforward current… Read More

February 14, 2019 @ 3:19 pm By Samantha Hurst  |  

HubrisOne, a UK-based startup that is seeking to make blockchain technology, cryptocurrencies, and basic banking services available to all, is now seeking funding through equity crowdfunding platform Seedrs. The campaign originally sought £60,000, has so far surpassed the initial target, and is now nearing £75,000…. Read More

February 14, 2019 @ 3:06 pm By Samantha Hurst  |  

Safe Solvents, a UK-based environmental technology company, is set to close its equity crowdfunding campaign on Crowdcube with more than £1 million from over 200 investors. The round was launched last month, originally seeking a minimum of £800,000. As previously reported, Safe Solvents was founded in 2015  and… Read More

February 14, 2019 @ 8:52 am By Samantha Hurst  |  

Ant Financial Services Group (Ant Financial), a China-based tech company and the operator of Alipay, has reportedly acquired UK payments firm, WorldFirst, to further advance its global expansion efforts. This news comes less than a couple of months after Ant Financial began acquisition talks. It was… Read More

February 14, 2019 @ 7:36 am By JD Alois  |  

Online property lender LendInvest is reporting a record month of signed applications. According to the Fintech, in January 2019 they received 428 applications totaling £100 million in value. LendInvest said the volume was due in part to rapid hiring in their lending team The LendInvest… Read More

February 13, 2019 @ 3:26 pm By Samantha Hurst  |  

Global payment technology provider Worldpay, Inc. (NYSE: WP; LSE: WPY) announced on Tuesday it has teamed up with Sage Pay, part of Sage Group (FTSE: SGE), to expand the range of card payment solutions available to businesses across the UK and Ireland According to the duo, this new… Read More

February 13, 2019 @ 1:43 pm By JD Alois  |  

Property Partner announced its first “Opportunistic Fund” at the end of January. The new Fund is being launched to take advantage of the UK property market which has hit pause for the moment due to Brexit concerns. The Fund will “move fast as a cash… Read More

February 13, 2019 @ 10:36 am By Samantha Hurst  |  

Rapyd, a UK-based fintech, announced on Wednesday it raised $40 million through its Series B funding round, which was led by General Catalyst and Stripe. Founded in 2016, Rapyd describes itself as a mobile-first financial network that makes the world’s “favorite ways” to pay and be paid… Read More

February 13, 2019 @ 9:32 am By Samantha Hurst  |  

Less than a month after revealing it has topped 500,000 in customers, digital-first challenger bank Tandem Bank announced in total customers have spent over £100 million on their credit cards and has paid £500,000 in cashback to its customers. Tandem reported since launching in February 2018, the… Read More

February 13, 2019 @ 8:38 am By JD Alois  |  

Insurtech Inshur has closed on a $7 million Series A investment round alongside a $2 million credit facility, according to a release from the company.  The investment was led by Munich Re Ventures with participation from MTech Capital – a venture fund focused on Insurtech. … Read More

February 13, 2019 @ 8:09 am By Samantha Hurst  |  

UK banking platform Starling Bank announced on Wednesday it secured £60 million through its Series C funding round, which was led by Merian Global Investors, including the Merian Chrysalis Investment Company Limited (Merian Chrysalis). Starling Bank reported that it has raised further £15 million from its existing… Read More

February 11, 2019 @ 5:36 pm By JD Alois  |  

Fintech unicorn and stealth bank TransferWise is dropping their rates even lower. According to an email distributed by the UK based Fintech, fees for transfering currency are going down. Using the process of transferring dollars to euros, TransferWise cited the following example: Transfer USD $700 via bank ACH:… Read More