Tagged: united kingdom

January 12, 2018 @ 5:52 pm By JD Alois  |  

Open Banking is kind of a nebulous term. Unless you are very engaged with the UK financial sector it probably means little to you. Yet the concept of Open Banking will have profound ramifications for consumers and businesses in both the UK and Europe. In… Read More

January 12, 2018 @ 10:13 am By Samantha Hurst  |  

  On Thursday, UK-based peer-to-peer lender Lending Works celebrated its fourth birthday. Founded in January 2014, Lending Works describes itself as a peer-to-peer lending platform that matches people looking for a better return on their money with sensible borrowers looking for a low-cost, flexible personal… Read More

January 11, 2018 @ 10:13 pm By JD Alois  |  

ThinCats says 2018 is poised for growth. The online lender reports that December was a record month booking £12 million of funding listed on the platform followed the biggest-ever ThinCats-listed loan of £6.7 million to the Chelsea Yacht & Boat Company at the end of September…. Read More

January 11, 2018 @ 10:00 am By Samantha Hurst  |  

Hectare Agritech, a UK-based online marketplace for the agriculture sector, launched its third investment round on equity crowdfunding platform Seedrs. The company is currently seeking £500,000. The launch of the campaign comes just after Hectare released FarmPay, a dedicated payment platform. Founded in 2016, Hectare described… Read More

January 11, 2018 @ 8:28 am By Samantha Hurst  |  

The Peer-to-Peer Finance Association (P2PFA) announced on Thursday it has welcomed peer-to-peer lender Crowdstacker. According to the organization, the online lending platform concentrates on a select few established businesses looking to secure over £1 million, appealing to businesses seeking to diversify their existing funding strategies. While… Read More

January 11, 2018 @ 7:50 am By JD Alois  |  

Digital challenger bank Tandem has closed on the acquisition of Harrod’s bank – the financial institution long associated with the eponymous London retail store.Tandem received regulatory approval by the Prudential Regulation Authority, a division of the Bank of England, and the Financial Conduct Authority to… Read More

January 10, 2018 @ 7:01 pm By JD Alois  |  

  BABB, a banking platform based on Blockchain based in London, is launching its initial coin offering (ICO) on January 15th with a pre-sale. The general token sale of BAX will commence immediately following the pre-sale seeking to raise a hard cap of USD $20… Read More

January 10, 2018 @ 8:14 am By JD Alois  |  

Yesterday, Transferwise, the UK based Fintech Unicorn, announced it had launched a borderless debit card for a group of trial users. Basically it is a current account that can be used anywhere minus the silly fees banks charge consumers. Transferwise will commence a wide release… Read More

January 9, 2018 @ 4:21 pm By Samantha Hurst  |  

Spare Fruit, a UK-based fruit chip brand, has successfully secured its initial 300,000 funding target on equity crowdfunding platform Seedrs.Founded in 2016, Spare Fruit states it rescues fresh fruit and transforms it into deliciously healthy fruit crisps.  “Our vision is to become the Europe’s leading sustainable… Read More

January 9, 2018 @ 2:35 pm By Samantha Hurst  |  

Thyngs, a UK-based mobile technology platform, has launched an equity crowdfunding campaign on Crowdcube, seeking £300,000. Founded in 2016, Thyngs is described as a mobile technology that transforms physical objects and locations into smart, connected experiences that are more engaging, rewarding, and memorable. The company noted… Read More

January 9, 2018 @ 9:14 am By Samantha Hurst  |  

Equity crowdfunding platform Crowdcube announced on Tuesday it has formed a partnership with Small Business UK to launch Small Business Grants, which is described as a free-to-enter initiative that offers £5,000 every month to a leading small business. The funding portal noted that the grant does not… Read More

January 9, 2018 @ 7:28 am By JD Alois  |  

Britbots has announced the launch of their second British Robotics Seed Fund.  The new fund follows the success of the first fund, which has now been fully invested, leading the seed rounds of six robotics and artificial intelligence (AI) ventures. Britbots says the new fund… Read More

January 8, 2018 @ 9:17 pm By JD Alois  |  

SeedInvest is one of the most selective investment crowdfunding platforms in the US. Launched in 2012 by Ryan Feit and James Han when the JOBS Act of 2012 was signed into law, the two founders most likely had no idea how long it would take… Read More

January 8, 2018 @ 1:23 pm By Samantha Hurst  |  

Wombat Invest, a UK-based fintech platform, has launched an equity crowdfunding campaign on Crowdcube seeking £250,000 in funding. The platform, which is currently set to launch by April 2018, is being designed to allow users to invest in some of the world’s best-known brands for as… Read More

January 8, 2018 @ 7:25 am By JD Alois  |  

Accenture has released their shortlist of Fintech startups that are tackling regulatory challenges with a digital solution. These Regtech firms seek to participated in Accenture’s FinTech Innovation Lab London to participate in a three-month fintech accelerator program running from January 2 – March 22, 2018…. Read More

January 8, 2018 @ 6:35 am By JD Alois  |  

Seedrs, a UK based crowdfunding platform, has published full year results for 2017.  According to the company, during the year £125 million was invested in 168 different deals – the biggest year since platform launch. Investors came from 58 different countries making more than 46,700… Read More

January 6, 2018 @ 2:06 pm By Samantha Hurst  |  

Rock and Roost, a UK-based online retailer, has launched an equity crowdfunding campaign on Crowdcube seeking £275,000. The platform revealed that it provides ‘make to order’ furniture and other homeware to UK customers, plus a SaaS solution to SMEs to drive supply chain efficiencies. It has… Read More

January 6, 2018 @ 1:29 pm By Samantha Hurst  |  

On Friday, UK fintech startup Stater Holdings (also known as Stater Blockchain) announced plans to acquire Hashcove Limited,  a UK blockchain-focused tech company co-founded by Kunal Nandwani. According to Stater Blockchain, Hashcove has deep domain expertise in Smart Contracts and KYC and has customized solutions including the Cove… Read More

January 5, 2018 @ 3:00 pm By Samantha Hurst  |  

This week UK digital challenger bank Monzo announced it was introducing a 3% charge on cash withdrawals made for international ATMs, after a free 30-day allowance £200. Most debit card issuers charge a fee for off network cash withdrawals but some do not, depending on the country…. Read More

January 5, 2018 @ 11:58 am By JD Alois  |  

HM Treasury appointed Charles Randell CBE as the new Chair of the Financial Conduct Authority (FCA). The appointment commences on April 1st and is for a 5 year term. Randell is currently an external member of the Prudential Regulation Committee of the Bank of England and… Read More