Tagged: united kingdom

June 25, 2018 @ 4:44 am By JD Alois  |  

Digital bank Starling Bank has launched a new feature to streamline the process of creating joint accounts without ever having to visit a UK bank branch.  The mobile application process uses Google Nearby tech to enable Starling users to securely apply for a joint account in just… Read More

June 25, 2018 @ 4:26 am By JD Alois  |  

Equity crowdfunding platform Seedrs has provided an update on the progress of their secondary market – the first successful secondary market to launch in the global crowdfunding sector. Launched in 2017, Seedrs says the trading market has now seen 2,990 exits in 248 different firms…. Read More

June 22, 2018 @ 6:47 pm By JD Alois  |  

Revolut, a digital only bank that says it is signing up over 120 businesses per day, has launched a new services for their business customers – Revolut Connect. This new feature is described as an “App store” for businesses to help provide easier access to… Read More

June 22, 2018 @ 2:44 am By JD Alois  |  

In a sweeping speech that was broadly positive, Bank of England Governor Mark Carney set the tone for what will be his final year leading the central bank. Carney said that an “effective financial system must be resilient, fair and dynamic” to deal with tectonic… Read More

June 21, 2018 @ 12:00 pm By Samantha Hurst  |  

Pointvoucher, a mobile gaming plug and play market platform, announced on Thursday it has formed a partnership with M&C Saatchi, a global communications company to provide mobile gaming and voucher solutions to global brands and destinations. This news comes just after the platform’s equity crowdfunding… Read More

June 20, 2018 @ 1:41 pm By JD Alois  |  

Earlier this week, Revolut tweeted out that something “huge” is coming to the Revolut App. The digital bank already enables cryptocurrency trading, so what could it be? Speculation is that since it has to do with paying with your phone – it must be Apple… Read More

June 20, 2018 @ 10:55 am By JD Alois  |  

Bright, company that is developing a “verified business data ecosystem using data provided by the MSMEs,” says it will use the information to provide loans to businesses. Bright said it will provide loans to businesses through BrightBank and allow MSMEs (micro, small and medium sized… Read More

June 19, 2018 @ 10:37 am By Samantha Hurst  |  

Harts Group Ltd, the parent company of Barrafina and Quo Vadis restaurants, has successfully secured more than £2 million through its equity crowdfunding campaign on Crowdcube thanks to more than 600 investors. The funding round raised its initial £750,000 funding target just two hours after pre-sale launching. As… Read More

June 19, 2018 @ 6:44 am By JD Alois  |  

LendInvest, an online property lending platform, is now offering NACFB-registered brokers an increased fee for NACFB registered brokers. LendInvest is increasing the fee paid from 1% to 1.2%. LendInvest describes this initiative as part of a series of measures implemented by LendInvest to support raising… Read More

June 18, 2018 @ 10:44 am By JD Alois  |  

Ranger Direct Lending Fund is preparing to wind down operations due to struggling returns and a dust up with a large shareholder. In an announcement today, Christopher Waldron, Chairman, and Director Matthew Mulford have both confirmed that they will resign immediately, both citing the fact the… Read More

June 17, 2018 @ 2:01 pm By Samantha Hurst  |  

Less than three years after raising £139,828 through its first Seedrs campaign, Senta, a cloud-based application that aids accounting firms, has returned to the equity crowdfunding platform and already securing its initial £390,000 funding target from more than 100 investors. Founded in 2014, The Senta platform is described as a service that… Read More

June 15, 2018 @ 8:47 pm By Samantha Hurst  |  

On Friday, UK challenger bank Monzo announced the launch of its new feature, Bill Tracker. According to the fintech, Bill Tracker will keep track of customers’ regular direct debits, such as phone contracts and utility bills, and let them know if one of the bills changes…. Read More

June 15, 2018 @ 3:20 pm By Ritam Gandhi  |  

Across the UK, there were 589,000 new businesses launched in 2017 – that’s more than 1,600 every day, or 67 each hour. It’s a remarkable statistic that illustrates how there is an insatiable appetite among large portions of the British public to move away from… Read More

June 15, 2018 @ 1:00 pm By Samantha Hurst  |  

With its equity crowdfunding campaign on Crowdcube set to close next Friday, Notes, a growing coffee shop and wine bar concept, has successfully surpassed £1 million thanks to more than 700 investors. The funding round, which was launched three years after Notes raised £908,400 through… Read More

June 15, 2018 @ 11:27 am By JD Alois  |  

Fintech is gaining another boost today as the UK International Trade Secretary Dr. Liam Fox, MP, has launched a new Fintech investment drive. The UK is a leading Fintech hub. The fact the UK government has been very supportive of Fintech innovation is one of… Read More

June 15, 2018 @ 11:00 am By Samantha Hurst  |  

Just a few weeks after launching its second equity crowdfunding campaign on Seedrs, insurtech startup Wrisk has successfully surpassed £1 million thanks to more than 800 investors. The campaign was launched last month and quickly secured its initial £500,000 funding target. As previously reported, the insurtech is seeking… Read More

June 15, 2018 @ 9:00 am By Samantha Hurst  |  

Just two hours after launching the pre-sale of its equity crowdfunding round on Crowdcube, Harts Group Ltd, the parent company of Barrafina and Quo Vadis restaurants, successfully raised its initial 750,000 funding target. The funding round went official live on the funding portal and so far… Read More

June 15, 2018 @ 7:53 am By JD Alois  |  

UK based peer-to-peer lender RateSetter is reporting that subscriptions to its IFISA have surpassed £100 million. This milestone took four months to reach and, according to RateSetter, faster than any other P2P lender. To date, RateSetter has originated over £2.5 billion in online loans to… Read More

June 14, 2018 @ 5:39 pm By JD Alois  |  

Lendingblock has partnered with Octagon Strategy Limited a global digital asset brokerage firm. The collaboration is described as Octagon Strategy joining Lendingblock Institutional Advisory Group to trial and launch the platform’s real-time exchange for fully collateralized, cross-chain borrowing and lending of cryptocurrency assets. This is… Read More

June 14, 2018 @ 8:55 am By JD Alois  |  

A report by Beauhurst is revealing that challenger bank Redwood has raised £9.8 million as the UK digital banking market heats up. Redwood is the newest addition to the future of banking joining peers, Monzo, Starling, Revolut and more. These are the names that may… Read More