Tagged: united kingdom

April 19, 2018 @ 9:19 am By Samantha Hurst  |  

With its equity crowdfunding campaign on Crowdcube set to close this upcoming weekend, UK-based insurtech Midrive has surpassed £2.1 million thanks to nearly 700 investors. As previously reported, Midrive was founded in 2013 and reported it has over 300,000 throughout the UK and reported its instructor… Read More

April 19, 2018 @ 9:02 am By Samantha Hurst  |  

Temenos (SIX: TEMN), the banking software company, announces that the audience of Innovation Jam London named Callsign the winner of the regional competition. According to Temenos, the fintech startup was one of 10 contestants to showcase their solution to an audience of banking and technology leaders. Founded… Read More

April 19, 2018 @ 8:50 am By Samantha Hurst  |  

Online lending platform LendInvest announced on Thursday it is putting the UK government “on notice” to improve access to finance for property SMEs by forging better partnerships with the alternative finance industry.  LendInvest reported that in a new report entitled Putting Finance First: the alternative route to… Read More

April 19, 2018 @ 7:51 am By JD Alois  |  

The UK Peer to Peer Finance Association (P2PFA) has released Q1 data for its member platforms. According to the industry association, P2P lending is nearing £9 billion in loan originations having provided finance for approximately 50,000 business and 221,000 individuals. Total investors stand at around… Read More

April 18, 2018 @ 11:08 am By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) has fired off another enforcement action against a questionable cryptocurrency operation. The CFTC has charged multiple individuals, and several companies, with fraud involving ATM Coin (asset trading market coin) and binary options. The CFTC filed the Complaint in the… Read More

April 18, 2018 @ 10:38 am By JD Alois  |  

The Bank of England has approved the first non-bank payment service provider to join the UK payment system settling in central bank money. Described as a milestone event for the BoE in accommodating innovation, this is the first Fintech to gain direct accesss. Transferwise is… Read More

April 18, 2018 @ 10:20 am By Samantha Hurst  |  

The House Crowd, a UK property crowdfunding platform, announced on Wednesday raised just over £1.3 million over a 24-hour period for housing developments in Lees, Greater Manchester. The funding portal reported that this is the first time it has broken the £1 million mark in a day…. Read More

April 18, 2018 @ 10:03 am By JD Alois  |  

Lendingblock, an interesting spin on cryptocurrency lending, has easily hit its initial coin offering target (ICO) hard cap of $10 million early. The LND coin will be used as the currency for payment and receipt of interest on the platform. As CI covered last month,… Read More

April 18, 2018 @ 8:09 am By Cali Haan  |  

Cambridge Analytica, the firm that claims it used personal data to sway the last US election, planned to issue a cryptocurrency to enhance it’s powers of political persuasion, the New York Times reports. In addition to considering their own ICO (Initial Coin Offering), Cambridge Analytica… Read More

April 18, 2018 @ 7:59 am By JD Alois  |  

UK peer to peer lending platform Crowd2Fund is opening an Australian office becoming one the first UK-based companies to utilise the new ‘Fintech Bridge’ between the UK and Australia that was recently announced by both countries. Signed in March, the agreement between the UK Financial… Read More

April 17, 2018 @ 11:35 pm By JD Alois  |  

Seedrs is one of the leading crowdfunding platforms in the UK today. Since the online capital formation site launched in 2012 over 600 deals have been successfully funded. Investors have mainly been retail types but big VCs have frequently joined in to support promising businesses… Read More

April 17, 2018 @ 11:36 am By Samantha Hurst  |  

UK-based peer-to-peer lender Landbay is set to close its latest equity crowdfunding campaign on Seedrs later this evening with more than £1.6 million from nearly 285 investors. The funding round was launched last month and quickly secured its initial £1.25 million funding target. This is the seventh equity… Read More

April 17, 2018 @ 9:59 am By Samantha Hurst  |  

iContract, the online platform connecting contractors with recruiters, completed its equity crowdfunding campaign on Seedrs with more than £800,000 secured. As previously reported, iContract, which was launched in August 2017, connects contractors and recruiters for job matching and networking. The company reported that so far it… Read More

April 17, 2018 @ 9:29 am By Samantha Hurst  |  

Spotcap, an SME focused online lender based in Berlin, announced on Tuesday it has opened applications for its Fintech Fellowship. According to the lending platform, this program offers a £8,000 award to a postgraduate student studying a fintech related course at a UK university. Applications… Read More

April 17, 2018 @ 8:22 am By JD Alois  |  

BondMason is out with their DIrect Lending Report that indicates that between 2016-2017, mid-sized online lending platforms increased their potential to compete, growing their market share by approximately 50% to £1.6 billion. Large platforms, meanwhile, grew their share by only approximately 6%. BondMason stated the… Read More

April 17, 2018 @ 1:00 am By JD Alois  |  

Revolut’s newest feature Vaults a saving enabler that allows users to round up and save their spare change from everyday purchases. The service is available for any of Revolut’s 25 supported fiat currencies as well as the popular digital currencies Bitcoin, Ether and Litecoin. Revolut say… Read More

April 16, 2018 @ 1:46 pm By Samantha Hurst  |  

UK-based Triodos Bank announced on Monday five positive social and environmental impact organizations have raised more than £7 million through its crowdfunding platform in the three months since the portal’s debut. According to Triodos, the crowdfunding site opened to investors in January and the latest offer to… Read More

April 16, 2018 @ 3:00 am By JD Alois  |  

There is a new entry in the UK crowdfunding market. Stakeholderz, the creation of executive recruitment firm Intramezzo, is an equity crowdfunding platform with a mission to bring together early stage tech ventures with experienced directors who can not only help fund the company but… Read More

April 14, 2018 @ 1:36 pm By Samantha Hurst  |  

UK-based brewing company, Left Handed Giant Brewing, is set to close its equity crowdfunding campaign on Crowdcube with more than £1 million from over 1400 investors. The round was launched in February and quickly raised its initial £450,000 funding target. As previously reported, Left Handed Giant Brewing was launched… Read More

April 13, 2018 @ 3:00 pm By Samantha Hurst  |  

UK-based peer-to-peer lender Lending Works announced this week it surpassed £100 million in online lending. According to Lending Works, the milestone comes just a little over a year after the platform surpassed £50 million. The lender also reported that 20,000 customers (over 16,000 borrowers and nearly 4,000 lenders)… Read More