Tagged: united kingdom

October 25, 2018 @ 8:35 pm By Cali Haan  |  

After two years in development and two false starts, Britain’s Royal Mint has canceled plans to issue a cryptocurrency backed by gold, Reuters reports. According to sources to Reuters, the issuing and distribution of the “Royal Mint Gold (RMG)” token: “…would have been the first time… Read More

October 25, 2018 @ 3:00 pm By Samantha Hurst  |  

UK-based digital banking solution goHenry is set to close its latest equity crowdfunding campaign on Crowdcube with more than £5.7 million from over 3,000 investors. The latest funding round made its debut on the funding platform at the beginning of September and quickly secured its initial £2 million funding target…. Read More

October 25, 2018 @ 2:32 pm By JD Alois  |  

Beauhurst is out with UK deal numbers for equity investment in Q3 and both the amount, and total number of deals, dropped in comparison to Q2. In fact, the total number of deals is the lowest since Q3 of 2014. The report indicates the following:… Read More

October 25, 2018 @ 9:12 am By Samantha Hurst  |  

Allied Wallet, a UK-based provider of online payment processing offering various payment solutions in nearly 200 countries around the world, announced on Thursday it is now compatible with several new alternative payment options in the UK. The fintech reported that the expansion allows it to better serve what… Read More

October 25, 2018 @ 4:22 am By JD Alois  |  

Mobile payments and loyalty platform Yoyo has secured $30 million in a partnership agreement from Twitter and Coinbase investor Hard Yaka, according to a note from the firm.  As part of the agreement, Yoyo will integrate its “omni-channel commerce API” with Hard Yaka’s global user identification platform… Read More

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

The UK Department for International Trade has announced a series of new agreements with the Netherlands designed to boost closer collaboration with the Netherlands. The announcement coincided with a Dutch State Visit which took place on October 24th. Several of the deals included Fintech deals…. Read More

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