Tagged: united kingdom

November 13, 2018 @ 7:29 am By JD Alois  |  

The UK Department for International Trade (DIT) is out with a note this morning saying £109 million of foreign investment will create 359 new jobs as money goes into the high tech sector, including the important Fintech industry. DIT states that 11 different investments will… Read More

November 12, 2018 @ 12:26 pm By Samantha Hurst  |  

MyCarNeedsA.com, a comparison website that drivers use for all their car aftercare needs including car repair and maintenance, is now seeking a minimum of £900,000 through its equity crowdfunding campaign on Seedrs. Founded in 2014, MyCarNeedsA helps to save time, money, and hassle through its online process: A… Read More

November 12, 2018 @ 10:25 am By JD Alois  |  

WeSwap, a peer to peer currency exchange platform, is going public on AIM. Back in 2016, WeSwap raised £2.45 million on Seedrs at a pre-money valuation of £24.1 million. The crowdfunding round came soon after a venture funding where WeSwap raised  £6.5 million, led by investment firm… Read More

November 12, 2018 @ 7:33 am By JD Alois  |  

Peer to peer property lender Kuflink has increased their interest rates on both the Innovative Finance ISA (IF ISA) and their auto-invest products. The investment platform says their 1, 3 and 5-year fixed-term investments have all increased and will now pay 5%, 6.1% and 7% pa… Read More

November 12, 2018 @ 7:13 am By JD Alois  |  

LendInvest, an online marketplace for mortgages, has published the latest LendInvest Buy-to-Let Index report. The quarterly BTL Indes reviews 105 postcodes in England and Wales ranking four different characteristics: Rental Price Growth, Rental Yield, Transaction Volume, Capital Value Growth. According to LendInvest, key findings for… Read More

November 11, 2018 @ 9:23 pm By Samantha Hurst  |  

Abundance, a renewable crowdfunding platform that allows investors the opportunity to earn money while making the world a better place, has surpassed £1.3 million through its equity crowdfunding campaign on Seedrs. The round, which recently launched, quickly raised its initial £1.2 million funding target and has attracted… Read More

November 11, 2018 @ 8:11 pm By Samantha Hurst  |  

UK-based current accounting and tax platform Coconut has successfully secured more than £1 million in funding from over 1,000 investors through its equity crowdfunding round on Crowdcube. The campaign was launched earlier this month and quickly raised its initial £500,000 funding target.  As previously reported, Coconut describes… Read More

November 11, 2018 @ 1:30 pm By Cali Haan  |  

A Swedish man has been sentenced to 6 years in prison for sending a “viable” mail bomb to the Lond0n-based cryptocurrency exchange Cryptopay after an exchange employee refused to change the man’s password. Jermu Michael Salonen, 43, received an additional six months detention for mailing… Read More

November 9, 2018 @ 4:04 am By JD Alois  |  

Crypto exchange and ICO service platform trade.io has announced the acquisition of Primus Capital Markets UK Ltd, an FCA regulated entity that holds an “IFPRU 125K Matched Principal License.” The strategic acquisition is said to bolster trade.io’s position in Europe. Primus will be rebranded as TIO Markets and… Read More

November 8, 2018 @ 12:00 pm By Samantha Hurst  |  

UK-based company that uses waste plastics to create strong, longer-lasting roads, MacRebur, is now nearing 2.9 million through its latest equity crowdfunding round on Seedrs. This news comes just days after the company announced it was planning to close the funding round on November 14th. The… Read More

November 8, 2018 @ 11:46 am By JD Alois  |  

The “world’s first lifestyle insurance” firm, yulife, has raised £3 million. The funding round was led by LocalGlobe with participation from leading crowdfunding platform OurCrowd and AIG. yulife is scheduled to launch in the UK this week. yulife says it wants to make British companies… Read More

November 8, 2018 @ 7:06 am By Samantha Hurst  |  

LandlordInvest, a peer-to-peer lending platform for residential and commercial mortgages, is now seeking a minimum of £300,000 through its equity crowdfunding campaign on Crowdcube. Founded in 2014, LandlordInvest is a fully FCA authorized secured peer-to-peer lending platform and is an ISA manager. The online lender provides a marketplace… Read More

November 7, 2018 @ 7:01 pm By JD Alois  |  

Zopa, the UK’s largest consumer peer to peer lending platform, has closed on a £60 million funding round – its largest capital raise to date. This most recent funding round was partially announced back in August when Zopa reported it had raised £44 million. The new capital… Read More

November 7, 2018 @ 3:44 pm By Samantha Hurst  |  

The Bitfury Group, a UK-based full-service blockchain technology company, announced on Wednesday it has closed its $80 million USD private placement with global institutional and corporate investors. According to Bitfury, Bryan, Garner & Co. acted as sole financial advisor and placement agency of the syndication. The… Read More

November 7, 2018 @ 10:29 am By Samantha Hurst  |  

BlockEx, a UK-based blockchain startup, announced on Wednesday it now provides support for Stellar based digital assets across its trading exchange network. According to BlockEx, Stellar is an open-source protocol for exchanging money or tokens using blockchain technology. It uses Distributed Ledger Technology (DLT) to connect… Read More

November 7, 2018 @ 7:26 am By JD Alois  |  

Leading European VC group, Draper Esprit, has led a £8.5 million funding round in UK crowdfunding platform Crowdcube. According to a release by the company, Draper Esprit has taken a £6 million stake in Crowdcube. The funding round also saw the participation of Balderton Capital… Read More

November 6, 2018 @ 3:57 pm By Samantha Hurst  |  

Jaja Finance, a UK-based fintech startup, surpassed its initial £3 million funding target on equity crowdfunding platform, Seedrs. The funding round has attracted more than 750 investors. As previously reported, Jaja Finance was founded in 2016 and is on a mission to create “beautiful simplicity where there is… Read More

November 6, 2018 @ 3:27 pm By Samantha Hurst  |  

UK-based current accounting and tax platform Coconut has quickly secured its initial £500,000 funding target through equity crowdfunding platform, Crowdcube. Founded in 2016, Coconut describes itself as a current account that takes care of a user’s accounting and tax. The platform is designed specifically for freelancers,… Read More

November 6, 2018 @ 7:40 am By JD Alois  |  

Artificial Intelligence (AI) is creeping into every sector of the economy. Financial services is a huge beneficiary of AI as it has the potential to provide better services at a lower cost to many more people. In the recent Autumn Budget presentation by Chancellor Philip… Read More

November 6, 2018 @ 7:20 am By Samantha Hurst  |  

Nebeus, a UK-based fintech platform that is used for the consumption and creation of financial services and products, has successfully secured its initial £1.1 million funding target through its equity crowdfunding campaign on Crowdcube. The funding round has already attracted nearly 475 investors. As previously reported, Nebeus,… Read More