Tagged: united kingdom

October 9, 2017 @ 11:18 am By Samantha Hurst  |  

Peer-to-peer business lending platform ArchOver announced on Monday it has nearly doubled its overall lending in the first nine months of 2017. The company reported that since 2017 its total lending has reached £21.39 million, bringing its cumulative total that has been lent to date… Read More

October 9, 2017 @ 9:51 am By Samantha Hurst  |  

Intelligence Fusions, a software-as-a-service business, has launched an equity crowdfunding campaign on Crowdcube. This news comes just after the company secured £166,400 through its funding round on GrowthFunders, with reportedly £66,400 from the G Ventures Network of Professional investors and £100,000 from the Finance Durham Fund. Backed… Read More

October 9, 2017 @ 8:20 am By JD Alois  |  

Innovate Finance has announced that applications are now open for its Fintech pitch contest Pitch360 which will take place in London on March 20th, 2018. The deadline for applications is December 31st. Fintech firms that would like to compete stand a chance to win £10,000, a… Read More

October 8, 2017 @ 5:39 pm By JD Alois  |  

Investoo Group has acquired RoboAdvisors.com, a company that is a Robo-advisor comparison site. This is the lates acquisition for Investoo. Last month, Investoo purchased TradingGuru. Specific terms of the acqusition were not revealed. Investoo’s acquisition of RoboAdvisors.com positions the platform to expand into the Portfolio Management… Read More

October 8, 2017 @ 5:11 am By JD Alois  |  

The Centre for Finance, Technology and Entrepreneurship (CFTE) is launching their first online Fintech course which will open to the public soon. If you are interested, you may enroll here. The course is described as “Around Fintech in Eight Hours.” The coursework starts with an overview of Fintech and introduces a… Read More

October 7, 2017 @ 2:46 pm By Samantha Hurst  |  

With it new equity crowdfunding campaign nearing £2 million in funding on Crowdcube, Mindful Chef announced it is set to close the round once the £2 million is reached. As previously reported, Mindful Chef, which raised £1 million through its equity crowdfunding campaign on Seedrs last… Read More

October 6, 2017 @ 9:14 pm By Samantha Hurst  |  

Earlier this week, UK-based peer-to-peer lending platform Landbay announced its September saw a total of £6.31 million lent across 31 mortgages and it announced five new hires.  According to Financial Report, last month’s lending levels were higher than the previous two months combined.  Among the new… Read More

October 6, 2017 @ 12:48 pm By Samantha Hurst  |  

Shaw Academy, an online education provider that teaches a variety of subjects live through a software platform, has launched an equity crowdfunding campaign on Crowdcube. Currently seeking £2,194,000, the company has already secured more than £1 million from over 500 investors. The company stated its… Read More

October 6, 2017 @ 10:45 am By JD Alois  |  

Racefields has announced that its debt trading platform RCX has garnered a listings value of £5.7 million in just two weeks following platform launch. The platform shares that each bridge loan is value from between £250,00 to £1.7 million. These loans are a mix of… Read More

October 6, 2017 @ 8:35 am By JD Alois  |  

Andrew Hauser, the Executive Director of Banking, Payments and Financial Resilience from the Bank of England, delivered a speech today explaining why “this time is different.” His statement reflected on detractors who criticize Fintech as more of the same. Sure, ATMs came along and they were… Read More

October 6, 2017 @ 7:58 am By JD Alois  |  

The Bank of England has published an update on their FinTech Accelerator program announcing the latest cohort of proofs of concepts along with a status report. The news shared as part of a speech by Andrew Hauser, Executive Director for Banking, Payments and Financial Resilience delivered… Read More

October 5, 2017 @ 10:02 pm By JD Alois  |  

Late last month, Christine Lagarde, International Monetary Fund Managing Director, delivered a speech in the UK envisioning a future without banks. Now Lagarde did not say banks will no longer exist but she stepped up to the precipice of the death of banking stating there… Read More

October 5, 2017 @ 3:23 pm By Samantha Hurst  |  

With less than two weeks until its equity crowdfunding campaign closes on Crowdcube, indoor climbing brand Boulder Hut has successfully secured its initial £240,000 funding target thanks to nearly 260 investors. The funds raised will go towards Boulder Hut’s its first centre in Ellesmere Port, which is… Read More

October 5, 2017 @ 10:40 am By Samantha Hurst  |  

UK-based fintech firm Finastra announced on Thursday it has teamed up with R3 and seven banks to create an online marketplace to drive transparency and efficiency in the syndicated loan market. Finastra reported that R3’s distributed ledger technology (DLT) based platform, Fusion LenderComm exposes real-time credit agreement, accrual… Read More

October 5, 2017 @ 9:30 am By Samantha Hurst  |  

UK-based peer-to-peer property platform Lendy is currently seeking permission to launch an innovative finance ISA (IFISA). This news comes just after the online lender announced its 2016 earnings and additional growth plans. According to FT Adviser, head of marketing and communications for Lendy, Paul Riddell… Read More

October 5, 2017 @ 9:08 am By Samantha Hurst  |  

On Wednesday, equity crowdfunding platform Crowdcube announced the launch of the Notification Centre for its iOS app. This news comes just one year after the mobile app made its debut. While sharing details about the Centre, the Crowdcube team stated: “The Crowdcube iOS App launched 1… Read More

October 4, 2017 @ 4:16 pm By Samantha Hurst  |  

London-based online wine merchant Your Sommelier is set to close its equity crowdfunding initiative on Seedrs with more than 110,000 in funding. The company launched the campaign earlier this summer, seeking the 110,000 as it prepares to grow and expand its monthly subscription services. As… Read More

October 4, 2017 @ 3:25 pm By Samantha Hurst  |  

Durable bag accessory brand Jimbag recently launched an equity crowdfunding campaign on Crowdcube as it prepares to launch its new website. The company stated each of its bags offer style, versatility, and sports functionality. More than 10,000 Jimbags have reportedly been sold in the UK. “We… Read More

October 4, 2017 @ 11:09 am By Samantha Hurst  |  

PremFina Ltd, a UK-based company that increases access to insurance by providing financing options for the purchase of insurance premiums, announced on Wednesday it secured £27 Million ($36 million) in equity funding and a debt facility. According to the company, Rakuten Capital, the investment arm of… Read More

October 4, 2017 @ 7:32 am By JD Alois  |  

ZOA Robotics, a “biologically inspired robot creator, has secured seed investment from the British Robotics Seed Fund (BRSF). The £85,000 investment is said to be the first of a series that have been made by the UK’s robotics-focussed investment firm. ZOA Robotics is also raising… Read More