Tagged: united kingdom

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

June 14, 2018 @ 7:16 am By Samantha Hurst  |  

On Thursday, equity crowdfunding platform Crowdcube announced one of its FundedClub members, Farmdrop, successfully secured 10 million through its Series B funding round, which was led byImpact Ventures. This news comes just a little over a year after the company raised £7 million through its Series… Read More

June 13, 2018 @ 7:49 pm By Samantha Hurst  |  

Funding Circle has announced that a new report produced by Oxford Economics revealed that lending through its platform unlocked 45,000 jobs in the UK in 2017. Globally this number jumps to 75,000 across all four of the Funding Circle markets. Overall, Funding Circle’s platform contributed £2.4… Read More

June 13, 2018 @ 6:41 am By Samantha Hurst  |  

On Wednesday, the UK government announced a new initiative that will allow those who want to start a business in the country to apply for a new “startup” visa. According to government officials, this new route, which was announced during London Tech Week, will widen… Read More

June 12, 2018 @ 4:00 am By JD Alois  |  

With Brexit top of mind, online mortgage lender LendInvest has become a fellow of the Luxembourg House of Financial Technology (LHoFT), the country’s leading Fintech innovation hub. LendInvest has had a presence in Luxembourg since 2014 when it established a Luxembourg fund. Now LendInvest will… Read More

June 11, 2018 @ 4:00 pm By Samantha Hurst  |  

Ingle & Rhode, a jewelry brand that offers certified Fairtrade and conflict-free fine jewelry direct to the consumer, is now seeking £300,000 through its equity crowdfunding campaign on Crowdcube. Founded in 2007, Ingle & Rhode creates engagement rings set with ethical diamonds and gems along with custom-made wedding… Read More

June 11, 2018 @ 2:00 pm By Samantha Hurst  |  

University Compare, a cross-platform higher education comparison service that helps universities and students connect, has successfully surpassed its initial £250,000 through its equity crowdfunding campaign on Seedrs. As previously reported, University Compare was founded in 2012 and displays university statistics, student reviews, and personalized choices to… Read More

June 11, 2018 @ 7:22 am By JD Alois  |  

EOS, by Block.one, is one of the most anticipated and hyped blockchain ecosystems yet. The initial coin offering (ICO) raised $4 billion. Recently, the EOS team announced their platform was ready for launch. But as part of the validation process, 15% of the tokens must… Read More

June 10, 2018 @ 3:08 pm By Samantha Hurst  |  

Notes, a growing coffee shop and wine bar concept, is now nearing £1 million from 630 investors through its equity crowdfunding campaign on Crowdcube. The funding round was launched last month and quickly surpassed its initial £600,000 funding target. The company previously raised a total of £908,400… Read More

June 8, 2018 @ 9:52 am By JD Alois  |  

  Online mortgage lender LendInvest reports it is scrambling to hire new employees due to the demand of its Buy-to-Let (BTL) product. The LendInvest team has now grown to 15 people in the short period since the  BTL product was launched in November 2017. Antonia… Read More

June 8, 2018 @ 8:20 am By Samantha Hurst  |  

Celo, an app-based insurance provider, has successfully secured its initial £100,000 funding target through its equity crowdfunding campaign on Crowdcube. The company has so far attracted more than 300 investors to the funding portal. As previously reported, insurtech company reported that it is planning to offer… Read More

June 7, 2018 @ 9:07 am By Samantha Hurst  |  

Cross-border payment platform Currencycloud announced on Thursday it has launched remittance service in South Korea. This news comes nearly one year after forming a partnership with South Korean credit card company, Hyundai Card. According to the company, this news builds on its momentum in Asia-Pacific, with… Read More