Tagged: united kingdom

July 13, 2018 @ 9:13 am By Samantha Hurst  |  

UK challenger bank Monzo announced on Friday the launch of its joint accounts in Monzo Labs. The banking startup reportedly tested the accounts with a few staff members before asking a small group of users on Android and iOS. Monzo recently added another group of… Read More

July 12, 2018 @ 9:30 am By JD Alois  |  

Lending Works has received £2.8 million in funding in a round led by Maven Capital Partners, with £800,000 of backing from Pollen Street Capital and NVM Private Equity. The UK peer to peer lender said proceeds will be used to fuel growth including loan customer acquisition… Read More

July 12, 2018 @ 9:13 am By Samantha Hurst  |  

UK fintech Glint announced on Thursday it is now seeking £15 million through its Series A financing round to expand into the U.S. and Japan by the end of this year. This news comes nearly eight months after the company launched its mobile app, which allows… Read More

July 11, 2018 @ 12:38 pm By JD Alois  |  

Once again, the UK Department for International Trade (DIT) is booking trips abroad to promote and interact with financial innovation types around the world. DIT has scheduled two trips for this Fall. First, DIT has scheduled their second UK Fintech Mission to Mexico City from 11-14… Read More

July 11, 2018 @ 11:08 am By JD Alois  |  

As turmoil swirls within the UK government regarding Brexit approach and Brussels ponders its next step, at least one report has a positive spin on the UK economy. OFX, a payments platform, has shared data that claims UK SMEs are pretty positive in the face… Read More

July 11, 2018 @ 8:36 am By JD Alois  |  

Money management chatbot Plum is now supporting challenger banks Monzo and Starling Bank. Plum states that it already supports most major UK banks and currently has around 130,000 users – collected since launch in 2017. Plum states that is has so far saved £24 million… Read More

July 10, 2018 @ 1:45 pm By Samantha Hurst  |  

British research university, the London School of Economics, is now offering an online course on digital currencies called “Cryptocurrency Investment and Disruption.” According to its description, students will learn the practical skills to interact with cryptocurrency exchanges as well as how to use wallets and evaluate… Read More

July 10, 2018 @ 11:05 am By Samantha Hurst  |  

Just one year after raising more than £1.3 million through its first equity crowdfunding campaign on Crowdcube, edtech startup Zzish has returned to the funding portal and quickly secured its initial £300,000 funding target thanks to more than 75 investors. Zzish aims to give every… Read More

July 9, 2018 @ 1:20 pm By Samantha Hurst  |  

Paysme, a UK-based fintech startup, is now seeking 200,000 through its equity crowdfunding campaign on Crowdcube. Launched in May 2018, the company stated it aims to deliver increase mobile engagement by championing small business owners in their local communities as they help shape the future of… Read More

July 9, 2018 @ 11:10 am By JD Alois  |  

Kuflink, a peer-to-peer property investment platform, says it has topped £20 million invested since platform launch in 2016.    Kuflink provides buy to let borrowers quick access to short-term finance that may not be available from a high street bank. Retail investors gain access to a… Read More

July 9, 2018 @ 9:28 am By Samantha Hurst  |  

Moneybox, a UK-based savings and investment app, successfully secured £14 million through its Series B funding round, which was led by Fidelity International’s proprietary investment arm, Eight Roads, with participation from existing investors Oxford Capital Partners and Samos Investments. Founded in 2015, Moneybox states its… Read More

July 9, 2018 @ 8:27 am By JD Alois  |  

The Joint Chiefs of Global Tax Enforcement, or the “J5”, is a group of nations dedicated to fighting against tax crime and money laundering. Participants in the J5 include the Australian Criminal Intelligence Commission (ACIC) and Australian Taxation Office (ATO), the Canada Revenue Agency (CRA),… Read More

July 8, 2018 @ 2:38 pm By Samantha Hurst  |  

Just a couple weeks after launching its latest equity crowdfunding campaign on Seedrs, health food brand Aduna has successfully secured its initial £300,000 funding target and is now nearing  £340,000 thanks to more than 275 investors. The funding round was launched a few months after Aduna raised £471,630… Read More

July 6, 2018 @ 9:24 pm By Samantha Hurst  |  

Dabbl, a UK-based mobile app that allows users to invest in brands and companies they love, successfully secured its initial £350,000 funding target and is now nearing £515,000 on equity crowdfunding platform, Seedrs. The app, which describes itself as like Shazam for investing, is a design-led… Read More

July 6, 2018 @ 5:01 pm By JD Alois  |  

Dash Labs, a company that claims to make any car smart, is the most recent cross border offering listed on two separate crowdfunding platforms. Dash is currently seeking a raise of $4 million (min $750,000) at a pre-money valuation of $13.5 million. The offering is… Read More

July 5, 2018 @ 7:40 pm By JD Alois  |  

The UK government, via the Department for International Trade (DIT), is offering an interesting program to incentivize entrepreneurs to set up shop in Great Britain. Of course, some of this has to do with Brexit and the UKs desire to promote an innovation driven economy… Read More

July 5, 2018 @ 9:06 am By JD Alois  |  

The Elephant (formerly PrivatEquity.biz Platform), a security token issuance and secondary trading platform, is doing a small hybrid funding round. According to details shared with CI, the offer is seeking a few strategic investors to raise $2 million. The minimum subscription is $250,000 with each… Read More

July 4, 2018 @ 12:19 pm By Samantha Hurst  |  

Revolut, a digital-only bank that claims it is signing up over 120 businesses per day, announced on Wednesday it has signed up one million customers in the UK and saved them over $330 million in fees, as the London-based company continues to prep for global expansion…. Read More

July 4, 2018 @ 9:57 am By JD Alois  |  

The Financial Conduct Authority (FCA) posted its next cohort of Fintech companies accepted into their regulatory sandbox and several blockchain based companies were on the list. BlockEx, a company that is launching a digital bond service on blockchain, was one of these companies.  BlockEx expects… Read More

July 4, 2018 @ 9:32 am By JD Alois  |  

Yesterday, the Financial Conduct Authority announced the next cohort of firms to be accepted into its Fintech Sandbox program. Within this group is a good number of crypto / blockchain. One of these firms, 20|30, will commence test initial coin offerings that will be equity… Read More