Tagged: united kingdom

February 20, 2019 @ 4:17 pm By Samantha Hurst  |  

UK-based peer-to-peer lender RateSetter recently announced its ISA has exceeded expectations in its first year, having attracted £175 million of subscriptions, and currently accounts for one-fifth of the platform’s £830 million funds under management. RateSetter unveiled its ISA in February 2018. It allows investments in peer-to-peer loans to… Read More

February 20, 2019 @ 8:13 am By Helena Murphy  |  

The world of business equity raising is still dominated by men. Melinda Gates wrote in ReCode back in 2017:  “We like to think that venture capital is driven by the power of good ideas. But by the numbers, it’s men who have the keys.”  Gates argued that… Read More

February 19, 2019 @ 2:59 pm By Samantha Hurst  |  

UK-based peer-to-peer lending platform Assetz Capital recently surpassed its £700 million lending milestone. According to AltFi, This news comes less than a year after the online lender surpassed £500 million in lending. Founded in 2012, Assetz Capital describes itself as a provider of alternative funding sources to SMEs… Read More

February 19, 2019 @ 4:27 am By JD Alois  |  

Koine, an institutional custody and settlement service for both fiat and digital assets, has appointed Hugh Hughes as Chairman and CEO. Hughes was previously CEO of Societe Generale Securities in London. Prior to that, Hughes built stockbroking businesses in London, according to a release from the firm…. Read More

February 18, 2019 @ 1:59 pm By Samantha Hurst  |  

Digital challenger bank Monese announced on Monday its current account integration with Avios. According to Monese, users may now link their British Airways Executive Club account to effortlessly track and manage Avios balance, straight from Monese app. Once connected, Avios will appear as a separate account… Read More

February 18, 2019 @ 1:05 pm By Samantha Hurst  |  

UK-based commercial-scale portable solar power systems startup, Renovagen has successfully secured its initial 350,000 funding target through its latest equity crowdfunding campaign on Crowdcube. The round came less than three years after Renovagen raised £985,840 through its second Crowdcube round. As previously reported, Renovagen revealed it has developed and manufactured… Read More

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