Tagged: united kingdom

June 13, 2017 @ 9:45 am By JD Alois  |  

Relendex Limited, a peer to peer lender in the commercial and residential real estate sector, has announced the completion of a rights issue and a new round of financing from new investors. The company said the proceeds will be used to allow further investments in new… Read More

June 13, 2017 @ 4:00 am By JD Alois  |  

Challenger bank Revolut is launching a business banking vertical and is accepting pre-registrations now. Revolut for business will allow businesses to hold, exchange and transfer funds in 25 different currencies across the UK and all of Europe at the interbank exchange rate. The digital only… Read More

June 12, 2017 @ 11:59 am By Therese Torris  |  

Where do you apply for a student loan if, like 29-year old Amit, you are an Indian engineer in his first job in London who has just been accepted at a business school in France? With no credit history, no local co-signer and no knowledge… Read More

June 12, 2017 @ 11:16 am By Samantha Hurst  |  

Less than a month after launching its equity crowdfunding campaign on Seedrs, London-based whisky brand 8O8 has successfully surpassed its initial £300,000 and is currently nearing £365,000 thanks to more than 200 investors. 8O8, which was founded in 2014 by co-founders, Tommy Danvers and Paul Pullinger,  is… Read More

June 12, 2017 @ 8:58 am By Samantha Hurst  |  

With nearly one week until its equity crowdfunding campaign on Crowdcube comes to an end, online premium personal styling service for men, The Chapar, has successfully secured its initial £1 million funding target thanks to more than 570 investors. As previously reported, The Chapar describes… Read More

June 9, 2017 @ 5:16 pm By Duncan Keene  |  

Traditional banking is facing tough times ahead. It’s easy to see why. The UK has lost 40% of its banks and building societies since 1989, considering usage of online banking has more doubled since 2007. After all, who wants to queue for an hour to see… Read More

June 7, 2017 @ 12:10 pm By Therese Torris  |  

Big consultancies, such as PwC, Cap Gemini, KPMG, Deloitte and Accenture, research and analyze fintech developments to support the digital transformation of their banking customers. They promote this work through well-crafted free reports and white papers. The latest of such reports was published by Julian… Read More

June 7, 2017 @ 10:51 am By JD Alois  |  

Investment crowdfunding platform Invesdor says the VC or Angel led crowdfunding model has landed in the Nordic region citing two specific examples. The model of pairing professional investors with smaller investors has been growing in prominence across the world and is already well established in… Read More

June 7, 2017 @ 10:18 am By JD Alois  |  

Specialist business peer to peer lending platform Folk2Folk has hired a new Chief Marketing Officer (CMO) and four Business Development Managers (BDM). Folk2Folk specializes in secured loans for businesses across the UK. The platform matches local businesses looking for finance with investors looking for a great… Read More

June 7, 2017 @ 7:52 am By JD Alois  |  

New account has a capped target return of 5.50% gross per annum. P2P lender Assetz Capital has announced a new investment account, or “Property Secured Investment Account,” that is designed to allow individuals to invest automatically in property-backed loans. Assetz Capital said these loans will… Read More

June 7, 2017 @ 7:42 am By JD Alois  |  

Peer to peer lender Zopa has established a development center in Barcelona, Spain. The new tech hub is said to initially focus on building the platform that will launch the next generation digital bank.  This will include deposit systems, credit card processing, payment gateways and… Read More

June 6, 2017 @ 8:38 am By JD Alois  |  

Seedrs has launched its secondary market for securities in crowdfunded companies. According to Thomas Davies, Seedrs Chief Investment Officer, the market launched with 111 share lots in over 80 different businesses. The market will remain open for seven days and will reconvene the first Tuesday… Read More

June 5, 2017 @ 11:43 am By JD Alois  |  

Plexal, soon to be Europe’s largest innovation hub, is scheduled to open on June 12th.  Plexal will be home to an astounding 800 startups and corporate organizations as it becomes another building block in UK’s innovation based economy. Plexal will be based at Here East… Read More

June 5, 2017 @ 7:44 am By JD Alois  |  

Crowdsurfer, a comprehensive source of data on the global alternative finance market, has announced that Zopa has become the latest peer-to-peer lender to submit its data to the Crowdsurfer analysis. Zopa, the world’s first P2P lender and one of the largest in the space, has… Read More

June 5, 2017 @ 2:30 am By JD Alois  |  

Crowdcube, the UK’s largest investment crowdfunding platform by total raised (£312 million), filed its annual report for the fiscal year ending September 2016 at the end of last week. According to the document, Crowdcube experienced a 48% growth in top line revenue versus year prior… Read More

June 2, 2017 @ 12:23 pm By JD Alois  |  

Seedrs will commence its secondary market feature next week on Tuesday (June 6) as they launch monthly their trading marketplace for crowdfunded securities (labeled Trading Tuesdays). This is not a simple task and a persistent item of discussion in the investment crowdfunding sector. Creating liquidity… Read More

June 2, 2017 @ 8:14 am By JD Alois  |  

Draper Esprit (AIM: GROW, ESM: GRW) has raised £100 million via new and existing investors. The listed VC said a further £60m in new capital has been raised via their EIS, VCT and secondary co-investment funds which invest alongside their PLC. The additional capital, totaling £160… Read More

June 2, 2017 @ 7:44 am By JD Alois  |  

Assetz Capital, a fast growing peer-to-peer finance platform, has hired Samantha Williamson has joined its expanding Regional Relationship Director team. Assetz Capital has recently been adding regional hires to have boots on the ground to interact with customers. Williamson will cover the South Manchester region,… Read More

June 1, 2017 @ 5:14 pm By JD Alois  |  

Born in Spain and shipped to the UK, Capital Cell has officially launched in Great Britain. Capital Cell , founded by Daniel Oliver and based in Barcelona, is the first European equity crowdfunding platform for Biotech projects.  After several successful years of investment crowdfunding in… Read More

June 1, 2017 @ 12:07 pm By JD Alois  |  

The Bank of England is out with some data on the Funding for Lending Scheme (FLS). The FLS seeks to encourage more lending to the UK economy than would have been the case in the absence of the plan.  The current Extension allows participants to… Read More