Tagged: united kingdom

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

January 18, 2019 @ 10:55 pm By Samantha Hurst  |  

Blueprints, a UK-based investment platform for equitable development projects, is now seeking £950,000 through its new equity crowdfunding campaign on Crowdcube. Founded in 2016, Blueprints’ mission is to empower the growth of developing regions by providing citizens globally with the tools to build equitable societies in a… Read More

January 18, 2019 @ 10:45 pm By Samantha Hurst  |  

WorldLabs, a UK-based digital platform that connects innovators around the world, is now seeking 400,000 through its equity crowdfunding campaign on Seedrs. Launched in mid-2018, WorldLabs revealed that thousands of innovators have already joined its platform to apply for funding contests along with connecting with other… Read More

January 18, 2019 @ 7:38 am By JD Alois  |  

Tandem Bank, a digital-first challenger bank, has announced a milestone of 500,000+ customers.  Tandem CEO, Ricky Knox, called 2018 a transformative year for the bank with a number of major product launches, investment, and incredible growth. “We’re ready for more of the same in 2019,” said… Read More

January 17, 2019 @ 9:12 pm By Samantha Hurst  |  

Capify, a UK-based alternative small business financing provider, announced on Thursday it received a £75 million credit facility from Goldman Sachs Private Capital to support its future growth plans and provide working capital to thousands of Australian and British small businesses. Launched in 2008, Capify describes itself… Read More

January 17, 2019 @ 9:32 am By JD Alois  |  

Digital only bank Marcus continues to gain traction in both the US and the UK. During the Q4 earnings call by Goldman Sachs (NYSE: GS) yesterday, the management team shared some additional insight into the Fintech’s growth. Goldman, by the way, reported blowout numbers which… Read More

January 15, 2019 @ 2:41 pm By Samantha Hurst  |  

UK based peer-to-peer lender RateSetter announced on Tuesday it has surpassed £3 billion in online lending. RateSetter reported that the milestone follows a successful year, with the lender originating more than £700 million of new lending and active loans under management grew to £820 million…. Read More

January 15, 2019 @ 7:48 am By JD Alois  |  

Liquidity is a frequently discussed topic regarding both un-listed early stage firms and other traditionally illiquid assets. Property Partner, a real estate crowdfunding platform, appears to have provided an effective solution for individuals investing in property assets on their platform. Property Partner is reporting that as… Read More

January 14, 2019 @ 1:04 pm By Samantha Hurst  |  

UK-based payment terminal and payment services provider Yello announced on Monday its new Y7 terminal has received all industry approvals and certifications and is now ready for market. The company reported that the tablet-sized terminal removes long-established in-store pain barriers and represents a new generation of customer… Read More

January 14, 2019 @ 11:05 am By Samantha Hurst  |  

Tide, a UK-based SME challenger banking, announced on Monday it has formed a new partnership with ClearBank to help transform the UK SME banking market. Tide reported that through its support, ClearBank has applied for a grant from Pool A of the Capability and Innovation Fund… Read More

January 11, 2019 @ 10:20 pm By Samantha Hurst  |  

Less than three years after securing £985,840 through its second Crowdcube round, UK-based commercial-scale portable solar power systems startup, Renovagen, has returned to the equity crowdfunding platform to raise an additional £350,000. Renovagen reported it has developed and manufactured portable solar power systems for disaster response, military, and remote commercial operations… Read More

January 11, 2019 @ 11:27 am By Samantha Hurst  |  

Love Lane Brewing, a UK-based brewing company, is now seeking £900,000 through its equity crowdfunding campaign on Seedrs. The company, which was founded in 2017, consists of a Bar & Kitchen, a Brewery, and a Gin Distillery. Its core beers are Love Lane Pale Ale and… Read More

January 9, 2019 @ 3:02 pm By JD Alois  |  

Fineqia (CSE: FNQ) (OTC: FNQQF) (Frankfurt: FNQA) is reporting a new partnership with Nivaura, according to a release by the company. The partnership will “perform a fully automated tokenized bond issuance and administration, registered and cleared on a public Ethereum blockchain, to conduct its test for issuing… Read More

January 9, 2019 @ 8:22 am By JD Alois  |  

The Cambridge Centre for Alternative Finance (CCAF) at the University of Cambridge Judge Business School,  Asian Development Bank Institute and FinTechSpace have formed a partnership to launch the ASEAN Fintech Industry Survey – the first study of its kind. According to CCAF, the research will focus… Read More

January 8, 2019 @ 2:00 pm By JD Alois  |  

Fintech Predictions for 2019. Financial innovation continues to evolve at a rapid pace. Startups launch and shutdown with regularity. Traditional financial firms experiment and partner with more agile firms. It’s all about the digitization of finance where services are ubiquitous and instantaneous – all available… Read More