Tagged: united kingdom

September 21, 2017 @ 11:22 am By Samantha Hurst  |  

On Wednesday, Lending Works announced as of Monday, it five-year lender rate has increased to 5.5%, which is considered the highest level it has reached since August 2016. The company revealed that the reason for the rate increase is due to the fact that it has… Read More

September 21, 2017 @ 11:05 am By Samantha Hurst  |  

LendInvest announced on Thursday it has appointed former Aldermore Bank Head of Commercial Mortgages, Ian Boden, as its new Sales Director. According to the online lender, Boden joins its team with more than 35 years of experience in financial services, buy-to-let, and commercial mortgages.  Prior… Read More

September 21, 2017 @ 10:31 am By JD Alois  |  

Fintech Bridge is Topic of Focus The UK government will host a “GREAT Festival of Innovation” in Hong Kong to showcase UK innovation and technology to the world. The announcement was shared by International Trade Secretary Dr Liam Fox today. Total bilateral trade between the UK… Read More

September 21, 2017 @ 7:28 am By JD Alois  |  

The Financial Conduct Authority (FCA) has entered into a co-operation agreement with the Hong Kong Insurance Authority (IA) designed to enhance collaboration in supporting Fintech innovation.  The FCA explains the agreement includes information sharing and mutual referrals of Fintech firms looking to enter into either… Read More

September 21, 2017 @ 7:16 am By Samantha Hurst  |  

On Thursday, Crowdcube alum and moldable glue company Sugru announced the launch of its new family-safe, skin-friendly formula. The brand claimed that the new product is expected to double its pretense in retail by the end of next year. According to Sugru, more than 6,000 retail… Read More

September 21, 2017 @ 6:48 am By JD Alois  |  

A new online platform, the Racefields Credit Exchange (RCX), has launched this week with the goal of becoming the PayPal of the loan bridging industry in a market they believe is underserved. The  RCX platform is said to be the first of its kind in… Read More

September 20, 2017 @ 3:30 pm By Samantha Hurst  |  

Ultramed, a UK-based health tech company, quickly secured its initial £100,000 funding target just days after launching its equity crowdfunding campaign on Crowdcube. The initiative is now nearing £175,000 from more than 260 investors. Ultramed describes itself as a health tech company that operates a suite of cloud-based pre-operative… Read More

September 20, 2017 @ 11:52 am By JD Alois  |  

  Raisin GmbH is growing rapidly and today the “European Deposit Marketplace” is moving into the UK with the acquisition of PBF Solutions. The company’s intent is to give UK savers a better choice for saving their money with their Fintech platform. Raisin GmbH has… Read More

September 20, 2017 @ 10:59 am By Samantha Hurst  |  

Fresh-range, the Bristol-based online ethical food retailer, is set to close its equity crowdfunding campaign on Seedrs with more than £450,000 in funding from nearly 375 investors. The campaign was launched earlier this summer, seeking £300,000, which was surpassed within 24 hours. As previously reported, Fresh-range was… Read More

September 20, 2017 @ 8:22 am By JD Alois  |  

The House Crowd, a UK property crowdfunding platform, is reporting “record levels of investor confidence”. According to the platform, the House Crowd is experiencing high demand for its property-backed peer-to-peer lending products, with over 1,270 people having invested in one. The House Crowd states that… Read More

September 20, 2017 @ 7:53 am By JD Alois  |  

Crowdcube, the UK’s largest equity crowdfunding platform, and US based SeedInvest have officially announced a formal arrangement to provide cross border investment crowdfunding. The deal was tipped a few days ago when Keen Home, an American company that is crowdfunding on SeedInvest – popped up… Read More

September 19, 2017 @ 3:12 pm By Samantha Hurst  |  

JustGiving, a charity crowdfunding platform based in the UK, recently revealed it has been targeted by fraudsters who have been using the portal for money laundering scams. JustGiving describes itself as the world’s most trusted online giving platform. The platform stated its main mission is… Read More

September 19, 2017 @ 12:28 pm By Samantha Hurst  |  

UK-based GoCardless has secured £16.6 million during its latest Series D funding round. According to Business Insider, the fintech company attracted funds from various investors, including Access Partners, Balderton Capital, Notion, and Passion Capital.  Founded in 2011, GoCardless describes itself as a next generation payments company… Read More

September 19, 2017 @ 11:03 am By JD Alois  |  

Innovate Finance and Magister Advisors have published a report that shows later stage Fintech funding rounds are increasing. According to the joint report, entitled “The State of European FinTech: Current Trends and Predictions”, released during the inaugural Innovate Finance FinTech Growth Forum in London, the… Read More

September 19, 2017 @ 10:06 am By Samantha Hurst  |  

Football travel experience brand, Homefans, has launched an equity crowdfunding campaign on Crowdcube. The company is now seeking 100,000 through the funding round as it prepares to expand its services. Founder Luke Verbeek launched Homefans after traveling years to watch football in the UK and… Read More

September 19, 2017 @ 9:15 am By JD Alois  |  

Enertor, the insole company endorsed and worn by track star Usain Bolt, has completed its crowdfunding round on Crowdcube. The offer closed at £1.03 million having received the backing of 1025 investors. The crowdfunding campaign went live on August 7 and easily topped its £750,000… Read More

September 19, 2017 @ 9:06 am By JD Alois  |  

Phenomenon One Communications (PH1), described as a profitable web-based telecommunications company, has successfully raised its minimum fundraising target through crowdfunding platform Crowd for Angels. PH1 has so far raised £67,004 from 29 investors via a 1 year crowd bond, paying an annual interest rate of… Read More

September 19, 2017 @ 8:53 am By Samantha Hurst  |  

On Monday crowdfunding platform Crowdfunder UK announced the launch of its new feature, the Crowdfunder Payments System. Head of Product at Crowdfunder UK, Owen Wallis, shared details about the system: “Our current integration with Stripe is great, but we are always looking to improve the Crowdfunder.co.uk… Read More

September 19, 2017 @ 8:14 am By JD Alois  |  

Hogan Lovells, a global law firm, is showcasing its recently launched Hogan Lovells “Engage”: Authorization Tool. The new Regtech application aims to guide Fintech startups through the process of authorization from the Financial Conduct Authority (FCA). The tool is free to use on the Hogan Lovells… Read More

September 19, 2017 @ 7:54 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) has published their approach to the EU directive known as PSD2.  This directive defines the requirements for firms that provide payment services and impacts a wide range of financial service firms including Fintechs. PSD2 ostensibly aims to improve consumer… Read More