Tagged: united kingdom

January 26, 2018 @ 9:59 am By Samantha Hurst  |  

Online balance sheet lender, Nucleus Commercial Finance, reportedly lent £350 million in 2017. Founded in 2011, the lender revealed its platform was created in order to provide UK SEMs with alternative funding options. It was revealed: “At Nucleus, we combine the stability of bank finance with the… Read More

January 26, 2018 @ 7:39 am By JD Alois  |  

The UK Peer to Peer Finance Association (P2PFA) has published aggregate fourth quarter data for of 2017 for its member platforms. The P2PFA shows that during 2017 £3,145,098,842 in peer to peer loans were facilitated. Cumulative lending transacted through P2PFA member platforms exceeded £8 billion…. Read More

January 25, 2018 @ 1:00 pm By Samantha Hurst  |  

Online lending platform LendInvest announced on Thursday it has completed a £12.5 million finance deal with repeat development finance borrower KMRE Group to build 111 new homes in Kirkstall, which is described as a popular residential district of Leeds, Yorkshire. The online lender revealed that the whole… Read More

January 25, 2018 @ 9:54 am By Samantha Hurst  |  

Akoni, a UK-based digital cash treasury manager, has been named as one of the most influential fintech companies for 2018 in an announcement made by global specialists in financial services technology and sales recruitment, Harrington Starr.  Founded in 2015, Akoni, which is FCA licensed and regulated,… Read More

January 25, 2018 @ 12:11 am By JD Alois  |  

BrewDog USA, a company that completed a Reg A+ crowdfunding round a little over a year ago, has filed a new Form 1-A indicating its intent to raise more money. While the filing has not yet been qualified by the Securities and Exchange Commission (SEC),… Read More

January 24, 2018 @ 8:34 am By JD Alois  |  

In a first of its kind partnership, Arsenal Football Club has formed a cryptocurrency partnership with CashBet Coin. The collaboration was announced in advance of forthcoming initial coin offering for a token designed specifically for iGaming.  CashBet Coin is now recognized as the Footbal club’s… Read More

January 23, 2018 @ 11:13 am By Samantha Hurst  |  

UK-based brewery Ascot Brewing Company has successfully secured its initial £200,000 funding target on equity crowdfunding platform Crowdcube. The campaign was launched last month seeking the funds for growth and development. The funding round has attracted more than 420 investors.    As previously reported, Ascot Brewing Company… Read More

January 23, 2018 @ 9:15 am By Samantha Hurst  |  

InMyBag, a London-based specialist tech insurer, is now seeking £500,000 through its equity crowdfunding campaign on Seedrs. Founded in 2016, InMyBag is described as the “savior” of mobile professionals because it protects devices and data from loss, theft, and damage through its insurance plans. “InMyBag offers insurance… Read More

January 22, 2018 @ 2:49 pm By JD Alois  |  

Global money transfer site Transferwise is quickly becoming a bank. The cool thing about Transferwise is they are providing bank like services minus the silly fees that currently pollute traditional banking services. That’s huge. As previously announced, Transferwise is rolling out their glowing green debit… Read More

January 22, 2018 @ 2:22 pm By Samantha Hurst  |  

Anorak Technologies, a London-based insurtech startup, has successfully secured £4 million in seed funding from incubator, Kamet. Founded in 2015, the company claims it is building the world’s smartest independent insurance advisor with a mission to put customers back in control of their insurance needs. While sharing… Read More

January 22, 2018 @ 10:38 am By Samantha Hurst  |  

Invest Hong Kong (InvestHK) announced on Monday details of its UK Fintech Awards 2018, which is organized in conjunction with the UK’s Department for International Trade. According to InvestHK, the Awards are open for submissions from January 22nd (today) and will close on February 23rd…. Read More

January 22, 2018 @ 10:29 am By JD Alois  |  

Labeling it a “world first,” sales of art at an forthcoming Mayfair art exhibition will be conducted solely in cryptocurrency. Requiem for the Emblem of Power by British artist Paul Wager will commemorate the centenary of the end of the First World War will be holding… Read More

January 22, 2018 @ 8:07 am By JD Alois  |  

Peer to peer lender RateSetter said its commercial lending vertical will focus solely on secured lending in its commercial finance vertical. Following a review of its commercial finance operations, RateSetter said it would move to “simplify” its commercial finance by funding only property backed or… Read More

January 20, 2018 @ 1:17 pm By Samantha Hurst  |  

Just after its Crowdcube round successfully secured its initial 500,000 in less than a week, crowd invest marketplace Oval Money announced it will close the equity crowdfunding campaign sooner than originally planned. The company revealed in its latest update: “Thank you everyone who has sustained… Read More

January 19, 2018 @ 9:57 pm By Samantha Hurst  |  

UK-based natural fruit beverage brand Berrywhite has officially extended its latest equity crowdfunding campaign on Crowdcube. The company launched the funding round last month and sought to raise £150,000. As previously reported, Berrywhite launched its first funding round in 2014, seeking 300,000 but only secured £291,380. The… Read More

January 19, 2018 @ 2:00 pm By Samantha Hurst  |  

On Thursday, UK challenger bank Monzo announced plans to get close its Monzo Prepaid Card Program. This news comes just after the fintech company announced its 2018 plans. Monzo stated its aim is to shut down the prepare Mastercard program in early April so that… Read More

January 19, 2018 @ 9:57 am By JD Alois  |  

Zopa, one of the largest peer to peer lenders in the UK, has announced an increase in interest rates paid to investors. Zopa currently offers two diversified investment tiers: Zopa Core and Zopa Plus. Returns have increased from 3.7% for Core and 4.5% for Plus… Read More

January 19, 2018 @ 8:33 am By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) has filed a civil enforcement action in the U.S. District Court for the Eastern District of New York against Defendants Dillon Michael Dean of Longmont, Colorado. Dean’s company, The Entrepreneurs Headquarters Limited, is apparently registered in the UK. The documentation filed… Read More

January 19, 2018 @ 8:07 am By Samantha Hurst  |  

Following its recent reflection of 2017, equity crowdfunding platform Crowdcube released an infographic that revealed details about its record-breaking year, which included its strongest quarter to date. As previously reported, Crowdcube stated it saw its most successful year ever in 2017, which included an “unprecedented” demand from… Read More

January 19, 2018 @ 7:53 am By Samantha Hurst  |  

Online lending platform LendInvest announced on Friday it has been named exclusive lender of a long-term development scheme that aims to build up to 5,750 new homes outside Dover in Kent. According to the online lender, the borrower, Halsbury Homes, currently owns a site in Whitfield, four… Read More