Tagged: united kingdom

December 6, 2017 @ 12:13 pm By Samantha Hurst  |  

On Wednesday, equity crowdfunding platform Seedrs announced that one of its advisors and famous British tennis player Andy Murray invested in two early-stage businesses, GoodBox and ZoomDoc. According to Seedrs, GoodBox is a company that is seeking to disrupt the charity sector. The funding portal… Read More

December 6, 2017 @ 11:02 am By Samantha Hurst  |  

On Wednesday, UK peer-to-peer lending platform RateSetter released its accounts for the year ending on March 31, 2017. The online lender reported that revenues were £23.7m, up 38 percent from 2015-16; loans under management grew by 23 percent, from £581m to £714m; the number of… Read More

December 5, 2017 @ 3:55 pm By Samantha Hurst  |  

Less than one year after successfully securing £1,227,995 through its eighth equity crowdfunding campaign on Seedrs, UK-based software company Veeqo has launched its ninth funding round and quickly raised its initial £200,000 funding target from nearly 75 investors. As previously reported, Veeqo helps online retailers… Read More

December 5, 2017 @ 12:30 pm By JD Alois  |  

Funding Circle, the UK based online lender focusing on SMEs, has topped an important milestone having surpassed £3 billion on lending since launch in 2010.  Funding Circle has been rather quiet on the accomplishment beyond noting it on their UK home page where it states 30,986 UK… Read More

December 5, 2017 @ 11:48 am By Samantha Hurst  |  

Squirrel, a personal finance app designed to help users have more control over their money, announced this week that it now processes £1 million a month. The company reported that it processed its 10 million last week. “This month we processed £1 million a month! What does… Read More

December 5, 2017 @ 9:31 am By JD Alois  |  

Starling Bank has been granted approval by the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) to offer customers a wide array of financial products by the mobile-only bank.  Starling Bank received a license to operate as a bank by the Bank of England… Read More

December 5, 2017 @ 8:03 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) has just released an update on their regulatory Sandbox created to help aspiring Fintech firms to navigate the labyrinth of financial services rules. The trailblazing project, which has been replicated around the world, kicked off in 2014 and the… Read More

December 4, 2017 @ 2:53 pm By Barry James  |  

It was recently reported that the former chief economist of the World Bank wants Bitcoin banned, saying “Bitcoin is successful only because of its potential for circumvention, lack of oversight” You missed something crucial. Because of the ‘McKinsey’ factor. The operative rules (laws of nature from… Read More

December 4, 2017 @ 2:00 pm By Samantha Hurst  |  

With less than a week until its equity crowdfunding campaign closes on Crowdcube, UK-based whisky distillery The Lakes Distillery is set to close the funding round with nearly £1.6 million in funding from more than 2450 investors.  As previously reported, The Lakes Distillery opened in 2014 and claims to… Read More

December 4, 2017 @ 10:59 am By Samantha Hurst  |  

On Friday, online lending platform ThinCats announced it was delaying the launch of its Innovative Finance ISA (IFISA). The lender originally set out to launch the IFISA shortly before the end of 2017, but has pushed the launch to after the new year begins. According… Read More

December 4, 2017 @ 8:12 am By Samantha Hurst  |  

Fineqia International Inc. (CSE: FNQ) (OTCPink: FNQQF) (Frankfurt: FNQA) announced on Monday it has taken a minority stake in IXL PremFina Limited, an award-winning premium finance solution empowering insurance brokers in the UK. The company stated that it acquired the PremFina shares from IXL Holdings, a… Read More

December 4, 2017 @ 7:40 am By Samantha Hurst  |  

Cauli Rice, under its new name Fullgreen, has successfully secured its initial £500,000 funding target through its fifth equity crowdfunding campaign on Crowdcube. The initiative was launched at the end of November. As previously reported, Fullgreen officially rebranded in October 2017 and expanded its offering to include other low-carb,… Read More

December 2, 2017 @ 2:24 pm By JD Alois  |  

Two years ago, Strathberry of Scotland was a Scottish startup looking to create an iconic UK brand in the luxury handbag space. The company leveraged the Kickstarter pre-sale platform to boost exposure for the small company raising £122,000 on a £25,000 goal. The Edinburgh based… Read More

December 2, 2017 @ 9:36 am By Samantha Hurst  |  

On Friday, Monzo announced it is seeking to open a new office in the city of Cardiff. According to the challenger bank, its London office is currently bursting at the seams, with 171 people working in its headquarters and 67 working remotely. “To help us… Read More

December 2, 2017 @ 9:20 am By Samantha Hurst  |  

Bonnie Gull, a seafood restaurant group based in Central London, has successfully secured its initial £200,000 funding target through its equity crowdfunding campaign on Crowdcube. Launched in 2012, the restaurant brand started its pop-up concept in Hackney before launching permanently in Fitzrovia. It claims to be… Read More

December 1, 2017 @ 1:32 pm By Barry James  |  

Until now ‘Fintech’ has had a rather timid relationship with crowdfunding – and to put it bluntly many Fintech founders would have rather be seen dead in a ditch than crowdfunding a million dollars or two – even as a first step. Until now. Initial… Read More

December 1, 2017 @ 11:34 am By Samantha Hurst  |  

Less than a year after securing more than 1.4 million through its fourth equity crowdfunding campaign on Crowdcube, Cauli Rice, under the name Fullgreen, has returned the funding portal for a fifth initiative, seeking 500,000. Fullgreen reported that it officially rebranded in October 2017 and expanded… Read More

December 1, 2017 @ 11:05 am By Samantha Hurst  |  

On Friday, RateSetter announced it is now expected to launch the RateSetter ISA in February 2018. The platform revealed that as a reward to its loyal customers, the RateSetter ISA will exclusively be available to its existing lenders for an initial two week period. RateSetter stated… Read More

December 1, 2017 @ 7:49 am By JD Alois  |  

Downing Crowd is reporting that since the March launch of their Innovative Finance ISA (IFISA), these savings vehicles make up 30% of Downing Crowd investments. Downing Crowd says it has seen a rapid rise in business from IFISA customers, just one year after HM Treasury passed… Read More

November 30, 2017 @ 4:00 pm By Samantha Hurst  |  

UK-based parking innovator JustPark has successfully secured its initial £1.5 million funding target through its second equity crowdfunding campaign on Crowdcube. The initiative was launched last week, seeking the funds as it continues to expand.  JustPark was founded by entrepreneur Anthony Eskinazi and is seeking to lead the disruption of the £50… Read More