Tagged: united kingdom

July 30, 2018 @ 8:15 am By JD Alois  |  

The UK Peer to Peer Finance Association (P2PFA) has shared that member platforms have seen approximately 28,000 Innovative Finance ISAs (IFISAs) opened representing over £300 million in funds under management by their member firms. IF ISAs have seen “significant take-up” according to the P2PFA. IFISAs… Read More

July 29, 2018 @ 6:30 pm By JD Alois  |  

This past Friday, the UK Financial Conduct Authority (FCA) finally released their review of the crowdfunding industry regulations. While the investment crowdfunding sector (equity crowdfunding) came away mostly unscathed the loan based sector (or peer to peer lending) took a bit of a lashing. The… Read More

July 27, 2018 @ 3:54 pm By JD Alois  |  

TransferGo has added cryptocurrency trading to its platform succumbing to user demand.  The London based Fintech says it is the first remittance company in the world to offer a cryptocurrency trading facility. TransferGo is starting with executing trades of Bitcoin, Bitcoin Cash, Ethereum, Ripple and… Read More

July 27, 2018 @ 3:00 pm By Samantha Hurst  |  

Online real estate agency eMoov closed its latest equity crowdfunding campaign on Crowdcube earlier this week after securing a grand total of £1,914,790 from 1111 investors. The campaign, which was originally supposed to close at the beginning of August, made its debut at the end of… Read More

July 27, 2018 @ 12:00 pm By Samantha Hurst  |  

UK-based peer-to-peer lending platform Assetz Capital recently announced the opening of the office for its Scotland team. According to the lender, the Scotland team has moved into new office premises based in the heart of Edinburgh. While sharing details about the new location, John Hewitt, who heads… Read More

July 27, 2018 @ 11:45 am By JD Alois  |  

Investment Crowdfunding Rules Deemed Satisfactory. The UK Financial Conduct Authority (FCA) has finally released its long awaited post-implementation review of crowdfunding regulation. As has been widely rumored for quite some time, the FCA is looking to adjust rules governing loan based crowdfunding, also labeled peer… Read More

July 27, 2018 @ 9:47 am By Samantha Hurst  |  

On Thursday, equity crowdfunding platform Crowdcube released its 2018 second quarter update. Crowdcube revealed that 2018 has been a breakthrough year for its funding portal so far and that it has invested heavily in transforming its technology and processes last year, which has enabled it to… Read More

July 26, 2018 @ 5:24 pm By Samantha Hurst  |  

Just weeks after launch its latest equity crowdfunding campaign on Crowdcube, UK-based premiere alcohol tea blend company Noveltea has successfully secured its initial 150,000 is now nearing 230,000 thanks to more than 235 investors. As previously reported,  NovelTea was launched in April 2017 by co-founders Vincent Efferoth and Lukas… Read More

July 26, 2018 @ 10:40 am By JD Alois  |  

Peer to peer property lender CrowdProperty is out with a note saying they funded a £925,000 residential property in under ten minutes. To be exact, 9 minutes; 51 seconds. CrowdProperty adds that 60% of projects launching in 2018 each funding under half an hour. CrowdProperty states… Read More

July 25, 2018 @ 11:46 am By JD Alois  |  

Earlier this week, the Bank of England (BoE) published a document outlining progress on their proof of concept (POC) project for a “renewed Real-Time Gross Settlement (RTGS) service that will deliver a resilient, flexible and innovative sterling payment system for the United Kingdom to meet the… Read More

July 24, 2018 @ 4:08 pm By Samantha Hurst  |  

Crowdstacker, a UK-based peer-to-peer lending platform, is now seeking £800,000 through its equity crowdfunding campaign on Seedrs. Founded in 2014, Crowdstacker describes itself as an award-winning FCA regulated online alternative investment platform that provides ISA eligible P2P loans, bonds, and loan notes. According to the… Read More

July 24, 2018 @ 2:19 pm By Samantha Hurst  |  

Money Dashboard, a UK-based online personal financial management service, announced on Tuesday it has added Starling Bank to its list of supported providers. According to Money Dashboard, Starling Bank is the first of many open banking powered connections that Money Dashboard will be adding in… Read More

July 24, 2018 @ 12:56 pm By Samantha Hurst  |  

On Tuesday, UK fintech Centtrip announced it was now adding USD and EUR to card base currencies. Founded in 2013, Centtrip describes itself as a fintech pioneer that introducing “new dimensions” to the banking landscape with its smart technology. More than 16,000 companies and affluent individuals,… Read More

July 24, 2018 @ 10:22 am By Samantha Hurst  |  

On Tuesday, Starling Bank announced the launch of its newly redesigned debit cards across all its products. This news comes just a couple of weeks after money management chatbot Plum announced it was supporting Starling Bank. While sharing details about the new debit cards, Starling’s Art Director, Mark… Read More

July 24, 2018 @ 9:42 am By Samantha Hurst  |  

Digital challenger bank Monese has successfully attracted 500,000 sign-ups to its banking platform. Founded in 2013, Monese is licensed and regulated by the UK Financial Conduct Authority (FCA). It describes itself as an award-winning banking account that users can open instantly on their phones. The company claims… Read More

July 23, 2018 @ 1:55 pm By Samantha Hurst  |  

Goodlord, a UK-based proptech platform, has formed a new open banking partnership with TrueLayer. Founded in 2014, Goodlord reports that its cloud-based platform is trusted by hundreds of agencies across the UK. The company has created a one-stop-shop by providing access to a dynamic suite… Read More

July 23, 2018 @ 12:19 pm By JD Alois  |  

In early 2018, the Commodity Futures Trading Commission (CFTC) filed a civil enforcement action in the U.S. District Court for the Eastern District of New York against Dillon Michael Dean of Longmont, Colorado and his company, The Entrepreneurs Headquarters Limited. The UK registered firm and Dean have… Read More

July 22, 2018 @ 5:03 pm By Alexander Dunaev  |  

With tech titans the most valuable companies on the planet, the notion of self-regulation is no longer appropriate or fit for purpose. Is now the time for governments to step in to protect consumers and ensure a more competitive environment? The role of the technology… Read More

July 22, 2018 @ 1:10 pm By JD Alois  |  

British Pearl, a property crowdfunding platform offering both debt and equity investments, is reporting a £7 million investment led by Lord Stanley Fink. British Pearl says the investment is indicative of a resilient property market even as Brexit looms. Lord Stanley Fink , has been engaged… Read More

July 21, 2018 @ 10:30 pm By Samantha Hurst  |  

Online real estate agency eMoov announced it is closing its latest Crowdcube campaign earlier than originally planned. The funding round launched at the end of June and quickly secured its initial £1 million funding target in less than 24 hours. It has now surpassed more than… Read More