Tagged: united kingdom

April 26, 2018 @ 7:24 am By JD Alois  |  

Revolut has claimed Unicorn status. The UK based digital challenger bank has raised $250 million at a valuation of $1.7 billion making it one of the fastest UK Fintechs to top the billion dollar mark ever. Launched in 2015, Revolut will next expand in the… Read More

April 25, 2018 @ 10:45 am By Samantha Hurst  |  

UK-based online investment service Wealthify announced on Wednesday it has formed a new partnership with Starling Bank. The company reported its investments will on the challenger bank’s marketplace, which is designed to give users easy access to digital financial services on their mobile devices. Wealthify… Read More

April 25, 2018 @ 8:21 am By Samantha Hurst  |  

Silo, a UK-based zero-waste restaurant, is now seeking £10,000 on Crowd2Fund to acquire machinery to repurpose glass from used wine bottles and turn them into fine glass porcelain. The restaurant reported that it needs to purchase a bottle ‘crusher’ and jewelry polish to create fine… Read More

April 25, 2018 @ 8:12 am By JD Alois  |  

Beauhurst is out with their quarterly deal report for UK equity investment activity and according to their data deal numbers fell to their lowest level since Q3 of 2014. Additionally, Q1 delivered the lowest ever percentage of deals under the half a million pound hurdle…. Read More

April 24, 2018 @ 3:49 pm By Samantha Hurst  |  

With its equity crowdfunding campaign set on Crowdcube to close later this week, UK-based Five Points Brewing Company has successfully secured more than £950,000 thanks to over 1350 investors. The funding round was launched last month and quickly secured its initial £750,000 funding target. Founded in 2013,… Read More

April 24, 2018 @ 2:22 pm By Samantha Hurst  |  

Less than a month after launching its equity crowdfunding campaign on Seedrs, We Build Bots (IntelAgent) has successfully secured its initial £500,000 funding target and is nearing £575,000 thanks to more than 300 investors. Founded in 2016, We Build Bots has built AI-powered ChatBot platforms for customer service… Read More

April 24, 2018 @ 11:09 am By Samantha Hurst  |  

Small business lending platform Funding Circle announced last week it has opened its Innovative Finance ISA (IFISA) to new investors. The online lender reports that the Funding Circle ISA now offers a tax-free projected return of 7.2% or 4.8% per year. to quickly build a… Read More

April 24, 2018 @ 10:47 am By Samantha Hurst  |  

UK-based fintech Humaniq announced on Tuesday it has implemented additional bioID settings that will act as an extra safeguard be integrated into Humaniq app, which the company reports has already had more than 100,000 downloads in the Google Play store. Humaniq reported: “Humaniq is seizing the opportunity… Read More

April 24, 2018 @ 10:02 am By JD Alois  |  

Crowd for Angels launched an initial coin offering (ICO) pertaining to a “Liquid Crypto Bond” in March. The token offering closed on March 31st with the  Angel cryptocurrency commencing trading on the GetBTC exchange on April 12th. Investors in the Bond apparently received free Angel… Read More

April 24, 2018 @ 9:44 am By Samantha Hurst  |  

UK fintech Finastra announced on Tuesday its blockchain-based solution, Fusion LenderComm, is now commercially available as an app on R3’s Corda platform for financial institutions operating in the syndicated lending market. The launch was announced at the LSTA Operations Conference in New York. Finastra reported that following a pilot,… Read More

April 24, 2018 @ 9:22 am By JD Alois  |  

Dr. Liam Fox, the UK Secretary of State for International Trade, delivered a speech today outlining how the UK government will support the future of financial and professional services. Fox noted that finance is a very important sector of trade as the UK has a… Read More

April 23, 2018 @ 3:25 pm By Samantha Hurst  |  

UK-based peer-to-peer lending platform Assetz Capital announced last week it has joined the panel of mortgage packager specialist Positive Lending. This news comes just days after the online lender reached a record number of loans available to investors using its Manual Lending Account (MLA), with… Read More

April 23, 2018 @ 11:15 am By Samantha Hurst  |  

Meniga, a UK-based digital banking solution, announced on Monday it secured a €3 million investment from Nordic banking group Swedbank. The fintech startup reported that the investment follows a partnership agreement to launch its personalized digital banking solutions across Swedbank’s markets in Sweden and the Baltic countries. Meniga… Read More

April 23, 2018 @ 10:40 am By Samantha Hurst  |  

Western Union announced on Monday that retailer Debenhams will help it expand into the UK by now offering global money transfer to more than 200 countries and territories from 112 stores nationwide with travel money bureaux. According to Western Union, customers will have the choice to… Read More

April 22, 2018 @ 9:03 am By JD Alois  |  

British MP Matt Hancock delivered a speech last week at the Law Society that highlighted the UK’s prominence in Fintech and the massive potential for blockchain technology. Hancock described blockchain as a type of panacea for issues beyond financial services shortcomings; “While Fintech may have… Read More

April 21, 2018 @ 5:26 pm By Samantha Hurst  |  

UK-based insurance company Midrive is set to close its equity crowdfunding campaign on Crowdcube with nearly £2.4 million in funding from more than 760 investors. Founded in 2013, Midrive has more than 300,000 members throughout the UK and reported its instructor network has grown to be one of… Read More

April 20, 2018 @ 9:47 pm By Samantha Hurst  |  

Cranes, a UK-based premium cranberry cider brand, has launched its second equity crowdfunding campaign on Seedrs. The debut of the latest funding round comes less than two years after Cranes raised more than £190,000 in funding through its first Seedrs campaign. The company is now… Read More

April 20, 2018 @ 6:35 pm By JD Alois  |  

The SupraFin, the “first global vetted token platform on blockchain” has lined up several impressive advisors. Keith Teare and Jonathon Read have both signed up to help guide the platform in its mission to bring transparency to the initial coin offering (ICO) industry by creating a global vetted… Read More

April 20, 2018 @ 2:00 pm By Samantha Hurst  |  

Less than four years after securing  £188,120 through its first Crowdcube campaign, online marketplace JewelStreet has returned to the equity crowdfunding platform, seeking £300,000 in additional funding. The company reported that it raised £130,150 from nearly 20 shareholders prior to the launch of its latest… Read More

April 20, 2018 @ 9:13 am By Samantha Hurst  |  

TransUnion (NYSE: TRU) announced on Friday it has agreed to acquire UK-based consumer credit bureau Callcredit. The credit bureau giant reported it acquired Callcredit for the price of £1 billion. While sharing more details about the acquisition, Jim Peck, TransUnion’s President and CEO, stated: “TransUnion and Callcredit have… Read More