Tagged: united kingdom

October 25, 2018 @ 3:03 am By JD Alois  |  

Abundance, a peer-to-peer “ethical investment platform,” is looking to raise growth capital on crowdfunding platform Seedrs. According to a note from Abundance, the equity raise aims to “increase customer ownership and boost positive impact.” Pre-registered investors have already committed to 50% of the target of… Read More

October 24, 2018 @ 10:53 am By Samantha Hurst  |  

Azimo, a European digital money transfer firm based in London and Krakow, announced on Wednesday it has expanded further into Europe by opening a new office in Amsterdam. Azimo reported that the location will help it grow its share of the global cross-border payments market…. Read More

October 23, 2018 @ 7:59 am By Samantha Hurst  |  

Ping An Insurance Group announced on Tuesday that Ping An of China Asset Management (Hong Kong) Company Limited, (Ping An Asset Management (Hong Kong)), the wholly-owned subsidiary of the Group, has signed a Memorandum of Understanding (MOU) with Merian Global Investors (UK) Limited (Merian Global Investors), the… Read More

October 22, 2018 @ 12:00 pm By Helena Murphy and Duncan Di Biase  |  

Boutique hotel trailblazer Mr & Mrs Smith had no regrets when it checked into the crowdfunding world and saw its £1 million investment target exceeded within the first day. The company, which has built a global membership of 1.5 million since husband-and-wife team Tamara and James Lohan launched… Read More

October 21, 2018 @ 8:32 pm By JD Alois  |  

Last week, Goldman Sachs (NYSE:GS) shared their 3rd quarter earnings report. Buried within the report was an update on Marcus, the digital bank and online lender that recently crossed the Atlantic setting up a beachhead in Europe by opening up in the UK in late September…. Read More

October 19, 2018 @ 9:42 pm By Samantha Hurst  |  

Bank of England (BoE) announced earlier this week the launch of its new student fintech competition. The bank revealed that as a central bank of the UK it is now working to promote “the good of the people of the UK” by maintaining monetary and financial… Read More

October 18, 2018 @ 4:19 pm By Samantha Hurst  |  

BBVA announced on Thursday it has formed a partnership with fintech venture investor and builder Anthemis Group (Anthemis) to build a venture creation studio in London. According to BBVA, this new studio will create value by deploying capital and resources to building businesses that address untapped user… Read More

October 18, 2018 @ 11:21 am By Samantha Hurst  |  

Just a little over a year after securing more than £1.2 million through its second equity crowdfunding campaign on Crowdcube, UK online lending platform WiseAlpha has returned to the funding portal and quickly surpassed its initial £1 million funding target. The round is now nearing… Read More

October 18, 2018 @ 7:40 am By JD Alois  |  

Peer to peer property lender, CrowdProperty say they have now repaid over £10,000,000 to lenders. The online lender reports they continue to hold a 100% capital and interest payback track record. According to CrowdProperty CEO, Mike Bristow, the £10,088,967 paid back includes £9,221,876 capital and… Read More

October 17, 2018 @ 8:41 pm By JD Alois  |  

The UK Department for International Trade, along with the Prime Minister’s Fintech Ambassador Al Lukies, are heading to Australia as part of the “GREAT Britain showcase.” The group will be participating in Sibos 2018 taking place in Sydney. According to the UK government, the delegation’s aim… Read More

October 17, 2018 @ 3:20 pm By Samantha Hurst  |  

Less than two years after completing its first equity crowdfunding campaign on Crowdcube, London-based juice brand, Daily Dose, has returned to the funding portal and has now secured its initial £300,000 funding target thanks to more than 200 investors. As previously reported, Daily Dose currently produces 100% fresh unprocessed… Read More

October 17, 2018 @ 11:42 am By JD Alois  |  

Digital payments Fintech Azimo says it will allow SME owners across the UK and Europe to pay for goods, salaries and investments in 189 countries and territories beginning this week. Azimo claims it will undercut most pricing by banks by at least 75%. The service… Read More

October 17, 2018 @ 9:20 am By Samantha Hurst  |  

UK’s Investment Association (IA) announced last week the first cohort of fintech firms that will be joining Velocity, a specialist fintech accelerator for the asset management industry. IA reported that the five fintech firms were selected was due to their innovative solutions which aim to enhance… Read More

October 17, 2018 @ 8:28 am By Samantha Hurst  |  

UnderTheDoor, a UK-based premium home-stay service for homeowners & guests providing hotel quality in the comfort of homes, has successfully secured its initial £200,000 funding target and now nearing £400,000 through its equity crowdfunding campaign on Seedrs. Founded in 2014, UnderTheDoor notably selects homes with… Read More

October 16, 2018 @ 6:08 pm By JD Alois  |  

Funding Circle (LSE:FCH), the now publicly traded peer to peer lending company based in the UK, has long operated a US subsidiary providing access to credit for SMEs. While the UK iteration is more about P2P in the US, due to antiquated securities regulations, it… Read More

October 15, 2018 @ 2:29 pm By Cali Haan  |  

International banking and investment conglomerate Barclays has suspended its internal study into the possible creation of a cryptocurrency trading desk within the organization, according to a story in Financial News London. Earlier this year, rumours surfaced that Barclays had assembled a team of four executives tasked… Read More

October 15, 2018 @ 1:27 pm By Samantha Hurst  |  

UK-based online lender LendInvest announced last week it has reduced rates and product fees across its Buy-to-Let product range. According to LendInvest, the pay rate for its five year fixed rate product has dropped to 3.60%, with the ICR calculation at a pay rate of 3.60%…. Read More

October 15, 2018 @ 11:00 am By Barry James  |  

On the brink of Brexit, whatever happens, and as the USA cedes it, Britain can – and should – be again providing leadership at a historic turning point for the world. However, despite warm words and good intentions, we have started shooting ourselves in the… Read More

October 15, 2018 @ 8:38 am By JD Alois  |  

Tech icon and Apple co-founder Steve Wozniak is diving further into the blockchain arena by co-founding EQUI Global – a firm that is described as a “global game changer” that will disrupt venture capital. Wozniak, or the Woz, is joining several high profile individuals including… Read More

October 15, 2018 @ 7:50 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) has sent a “Dear CEO letter” to lenders of high-cost, short term credit, aka payday loans, admonishing these platforms for an increase in “complaints about affordable lending.” The complaints also reference problematic “chain of loans,” or stacking, that may… Read More