Tagged: united kingdom

January 30, 2019 @ 12:22 pm By Samantha Hurst  |  

UK banking group NatWest announced on Wednesday it has launched its Data Academy will offer a wide range of training, courses, and qualifications that will cover all levels of data proficiency. According to NatWest, the academy is opened to all of the bank’s 70,000 employees and those enrolled will gain… Read More

January 30, 2019 @ 10:06 am By JD Alois  |  

In a hugely embarrassing shift of events, Fintech Curve has been blocked by American Express. The smart card that “combines all of your credit and debit cards on a single card” announced this week that Amex was back following several months were the credit card was not… Read More

January 30, 2019 @ 8:22 am By JD Alois  |  

Property finance investment platform LendInvest has funded a £7.35 million bridge loan for an “industry-leading developer” in under seven days. The online investment platforms says they stepped in to fill a void left by another lender. Daniel O’Neil, Director at SPF Private Clients explained that… Read More

January 30, 2019 @ 7:51 am By JD Alois  |  

Downing Crowd has listed a £3 million bond for care home developer Magnus Care Group. The security offers investors an annual rate of return of 7% plus the potential for added equity upside. The bond has already raised more than £2.6 million. Magnus recently acquired… Read More

January 29, 2019 @ 12:59 pm By Samantha Hurst  |  

Cross River, a bank that delivers advanced financial and compliance products/services to the fintech industry, announced on Tuesday it has formed a new partnership with Railsbank Technology Limited, a UK-based open banking and RegTech technology services platform, to provide Railsbank a variety of API-powered, banking and… Read More

January 29, 2019 @ 12:00 pm By JD Alois  |  

Digital bank Revolut has announced a new agreement with London-based Regtech ClauseMatch. According to a release from ClauseMatch, following a successful trial period the bank is adopting the regulatory technology to streamline management of internal policies, controls, and regulatory compliance. The trial period only took… Read More

January 29, 2019 @ 8:31 am By Samantha Hurst  |  

Peer to peer lender Lending Works announced on Tuesday it has surpassed £150 million in successful loans to households and firms. The online lending platform reported it has so far helped more than 25,000 people to get a better value personal loan since its launch in January… Read More

January 29, 2019 @ 7:47 am By JD Alois  |  

Digital challenger bank Revolut has provided some additional details into their strategy for international expansion. Long forecasted, the global rollout of the bank has yet to breach the confines of Europe. To facilitate the expansion, Revolut said they are creating an “elite global licensing team”… Read More

January 28, 2019 @ 10:04 am By JD Alois  |  

According to a note from the company, cryptocurrency exchange HubrisOne will launch an equity crowdfunding offer on an equity crowdfunding platform this week. The offering will first be launched to insiders that have downloaded the App. While HubrisOne posted on Medium in December the offering… Read More

January 25, 2019 @ 10:26 pm By Samantha Hurst  |  

MoveGB, an online fitness marketplace, has successfully secured its initial £1 million funding target through its equity crowdfunding campaign on Crowdcube. Founded in 2013, MoveGB has more than 6,000 activity providers and 350,000 registered users. The company claimed the third fastest growing UK business in 2017’s Deloitte… Read More

January 25, 2019 @ 7:44 am By JD Alois  |  

Syndicate Room’s bespoke investment fund for early-stage UK firms is accepting investors once again. The only HMRC approved EIS fund, investors can easily participate in the performance of an approximate basket of 28 different companies. Investing in early-stage businesses is very risky. Many, if not… Read More

January 24, 2019 @ 1:12 pm By JD Alois  |  

Investment crowdfunding platform Crowd2Fund has launched their third equity offering providing outside investors the opportunity to own shares in the company. Crowd2Fund says it hopes to grow its private ownership base from 121 high net worth individuals to 450. According to the campaign page, Crowd2Fund… Read More

January 23, 2019 @ 10:26 am By JD Alois  |  

Last week RateSetter reported over £3 billion in online lending. Today, RateSetter says more than 75,000 people have invested on the P2P Platform. RateSette reports that investors have earned returns of £120 million with an average interest rate of 4.4% per year since RateSetter launched in 2010. Mario… Read More

January 23, 2019 @ 10:05 am By JD Alois  |  

Stripe has formed a partnership with leading online SME lender Funding Circle  (LSE:FCH). According to a release, Funding Circle is now a “verified extension partner” thus allowing the lender access to Stripe user data to assess the creditworthiness of the business. Funding Circle will provide… Read More

January 23, 2019 @ 8:16 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) issued a consultation today on the emerging “cryptoasset” sector of finance.  The UK is well known for its thoughtful regulatory approach when it comes to innovative new financial services and the final outcome will be watched with interest around… Read More

January 22, 2019 @ 4:15 pm By Samantha Hurst  |  

UK-based fintech firm Nutmeg announced on Tuesday it secured £45 million through its latest funding round, which was led by Goldman Sachs and Convoy, which is an existing investor of the company. As previously reported, Nutmeg is described as the UK’s first online “discretionary investment management company.”… Read More

January 21, 2019 @ 12:05 pm By Samantha Hurst  |  

UK-based bicycle retailer Velorution has successfully secured more than £500,000 through its latest equity crowdfunding campaign on Seedrs. The round, which was launched last month and originally seeking £400,000, comes just two years after Velorution raised £625,744 through its first Seedrs initiative. As previously reported, Velorution describes itself as one… Read More

January 21, 2019 @ 7:42 am By JD Alois  |  

The once red-hot UK property market has cooled a bit. As Brexit fears persist, London property prices have declined dramatically from their peak more than a year ago. Headlines have done little to assuage concerns with one recent publication claiming housing sales are facing the worst… Read More

January 21, 2019 @ 7:11 am By JD Alois  |  

Digital bank Revolut experienced an App failure yesterday that left some customers hanging, according to a thread on Twitter. The embarrassing fail comes a bit over a month after Revolut announced the company had received a long-anticipated banking license. Revolut took to Twitter to respond… Read More

January 20, 2019 @ 1:30 pm By Samantha Hurst  |  

Three Joes, a UK-based sourdough pizza restaurant chain, has successfully secured its initial £400,000 funding target on equity crowdfunding platform Crowdcube. The company reported it opened a pilot Three Joes sourdough pizzeria in Farnham, Hampshire in August 2017 and then approved the concept of its second… Read More