Tagged: united kingdom

December 16, 2018 @ 8:21 pm By Samantha Hurst  |  

Verdant Brewing Co., a UK-based brewery, announced on Friday it was extended its equity crowdfunding campaign on Crowdcube, just as the funding round surpassed £750,000 from nearly 1300 investors. The initiative was launched last month and quickly raised its initial £500,000 funding target.  As previously reported, the brewery stated… Read More

December 16, 2018 @ 9:36 am By JD Alois  |  

The concept of “Patient Capital” has been in discussion for quite some time in the United Kingdom. The premise is based on the theory that investors may be willing to forgo near-term returns for the possibility that substantial gains may be generated at a much… Read More

December 14, 2018 @ 3:27 pm By Samantha Hurst  |  

Slice Labs Inc., an on-demand insurance cloud platform provider, announced on Thursday the availability of Insurance Cloud Services (ICS) in the UK and EU. Slice reported that the first customer to use ICS in the UK is Legal & General with the launch of on-demand,… Read More

December 14, 2018 @ 7:37 am By JD Alois  |  

London based Fintech TransferGo has closed on a Series B funding round in the amount of $17.5 million according to the company. The funding was led by Vostok Emerging Finance and Hard Yaka from Silicon Valley. Revo Capital, U-Start Club and Practica Capital also participated… Read More

December 13, 2018 @ 10:23 am By JD Alois  |  

The CEO of crypto exchange Panxora (formerly operating as First Global) says he is “unhappy” with the US regulatory model. The comments come following the Commodity Futures Trading Commission’s (CFTC) request for information on “crypto-asset mechanics” including Ethereum (Ether) and Bitcoin Gavin Smith says he is… Read More

December 13, 2018 @ 9:27 am By Samantha Hurst  |  

Just two years after successfully raising more than £400,000 through its first Seedrs campaign, the social marketplace for bicycle sharing, Cycle.Land, has returned to the equity crowdfunding platform and quickly secured its initial £100,000 funding target. As previously reported, Cycle.Land was founded in 2016 and received support from… Read More

December 13, 2018 @ 6:57 am By JD Alois  |  

Digital only bank Revolut has received a European banking license. The London based Fintech says it is now positioned to become “the Amazon of Banking.” Revolut applied for the banking license via the Lithuanian central bank just over a year ago in November 2017. It… Read More

December 12, 2018 @ 11:06 am By JD Alois  |  

The UK Peer to Peer Finance Association (P2PFA) has posted a note on an industry milestone. According to the P2PFA, member platforms have now surpassed £10 billion in total lending during the most recent quarter. The P2PFA states that over £900 million was originated on… Read More

December 12, 2018 @ 8:03 am By Samantha Hurst  |  

ThinCats, a UK-based lending platform, announced on Monday it has teamed up with BAE Systems Pension for new £200 million program to provide UK SMEs with commercial loans. This news comes just a few months after ThinCats announced a new £300 million program with global asset manager, Insight… Read More

December 11, 2018 @ 11:24 pm By Cali Haan  |  

A taxi driver in London is selling Bitcoins from the back of his cab, Decrypt Media reports. He’s not making a mint- he just enjoys it, he says: “I just enjoy having a go at it. I don’t feel I’m going to become a millionaire… Read More

December 11, 2018 @ 4:48 pm By JD Alois  |  

Prominent investment crowdfunding platform SyndicateRoom has published an interesting report outlining the fastest growing businesses in the UK. According to “Top 100: Britain’s Fastest Growing Businesses,” the UK is a noted hub of tech innovation. In fact the report states, in 2017 the number of… Read More

December 11, 2018 @ 2:14 pm By Samantha Hurst  |  

Wealth Migrate, a UK-based real estate crowdfunding platform, has successfully raised more than £1.2 million through its equity crowdfunding campaign, which was launched on Seedrs last month. The funding round quickly secured its initial target of £750,000 and has attracted nearly 350 investors. Established in… Read More

December 10, 2018 @ 2:08 pm By Samantha Hurst  |  

UK-based marketplace lending platform LendInvest announced last week it has expanded both of its capital markets and treasury team with four new hires. According to the online lender,the hires are part of an effort to continue to build up LendInvest’s in-house capital markets capabilities, as… Read More

December 10, 2018 @ 1:24 pm By Samantha Hurst  |  

London-based fintech TransferGo has successfully secured its initial €11.1 million funding target through its equity crowdfunding campaign on Seedrs. The round, which was launched at the end of October, sought to originally raise €11.5 million but has since changed the round’s minimum goal to €11.1. As previously… Read More

December 10, 2018 @ 12:51 pm By Samantha Hurst  |  

Just a few weeks after launching its latest equity crowdfunding campaign on Crowdcube,  UK tech startup Verv has successfully secured its initial £350,000 funding target and is now nearing £500,000. The funding round comes less than a year after the company raised £1.1 million through its… Read More

December 10, 2018 @ 11:49 am By JD Alois  |  

Today, UK Prime Minister Theresa May announced that the vote on her Brexit proposal, originally scheduled for tomorrow, will now be delayed. PM May stated: I have listened very carefully to what has been said, in this chamber and out of it, by members from all… Read More

December 10, 2018 @ 10:47 am By Samantha Hurst  |  

London Block Exchange, a multi-cryptocurrency exchange dedicated to the UK market, announced late last month that the first ever digital pound sterling through its partnership with AlphaPoint, a global blockchain technology company focused on enabling institutions to issue digital assets and to operate digital asset… Read More

December 10, 2018 @ 9:39 am By Samantha Hurst  |  

Tide, a UK-based SME challenger banking, announced on Monday it has claimed one percent of the UK SME banking market just two years after it first started operations. The company reported that by the end of 2018, 56,000 of a total of 5.6 million UK… Read More

December 8, 2018 @ 9:52 am By JD Alois  |  

Last month, CI attended the annual LendIt Fintech Europe event which has taken place in London over the past few years – even while Brexit hangs like an ominous cloud over the European financial center. London, consistently described as the leading Fintech hub in the… Read More

December 7, 2018 @ 8:40 pm By Samantha Hurst  |  

Just a little over six months after securing more than £1.1 million through its first Seedrs round, plug socket brand Den has returned to the equity crowdfunding platform and quickly raised its initial £810,000 funding target. As previously reported, Den was founded in 2013 and describes… Read More