Tagged: united kingdom

August 2, 2018 @ 9:26 am By Samantha Hurst  |  

UK fintech MarketInvoice announced on Thursday it has formed a partnership with Barclays. The duo is collaborating with a mission to transform the way small and medium enterprises (SMEs) in the UK manage cash flow and accelerate growth. As part of the partnership, Barclays has… Read More

August 2, 2018 @ 7:46 am By JD Alois  |  

Investment crowdfunding platform Crowdcube is reporting strong numbers for Q2. According to the platform, 58 businesses raised £47.4 million during the quarter. In aggregate since platform launch in 2011, Crowdcube says that £490 million has been invested via their platform. Providing additional insight into their… Read More

August 1, 2018 @ 12:06 pm By JD Alois  |  

Downing Crowd has successfully raised £1.2 million in a bond offering to fund a small-scale wind turbine site in Scotland, owned and operated by C&G Renewables Limited. The £1.2 million raise will support the day-to-day operation of the wind turbines. Investors that backed the project will… Read More

August 1, 2018 @ 10:40 am By JD Alois  |  

UK based Crowd2Fund, a peer-to-peer crowdfunding platforms, has added artificial technology (AI) to its platform to help mitigate loan default risk, according to a note from the company. Earlier this year, Crowd2Fund began working with InDebted, an Australia-based Fintech company to provide advanced collection strategies… Read More

July 31, 2018 @ 11:00 am By Samantha Hurst  |  

On Tuesday, UK-based challenger bank Monzo announced it has recently set up a small customer support team in Las Vegas. The team was created to help Monzo scale its customer service as it grows, without relying on its team in the UK to work unsociable… Read More

July 30, 2018 @ 11:40 am By Samantha Hurst  |  

UK-based Propifi has launched an equity crowdfunding campaign on Crowdcube to raise £250,000 for its peer-to-peer property crowdfunding platform. Founded earlier this year, Propifi stated it is bringing a new, easy to use, peer to peer commercial lending platform to market, providing much-needed bridging finance… Read More

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