Tagged: united kingdom

October 13, 2016 @ 8:37 am By JD Alois  |  

Lending Works, a consumer peer to peer lending platform, has received full authorisation by the Financial Conduct Authority (FCA).  Lending Works said it had originally applied for FCA approval in October of 2015 and had undergone a “stringent review process”. Lending Works has been operating… Read More

October 13, 2016 @ 8:11 am By JD Alois  |  

The UK government is reporting the number of private sector businesses is at an all-time high.  The report stated the number of businesses hit 5.5 million – a new record. At the beginning of 2016, there were one million more small businesses, 4000 more medium… Read More

October 12, 2016 @ 8:36 am By Samantha Hurst  |  

On Wednesday, equity crowdfunding platform Crowdcube announced it has appointed former Citigroup and HSBC executive, Simon Williams, as a new chairman of its board. Williams notably has over 30 years of experience in banking and investment. The funding portal revealed that Williams is joining the board… Read More

October 11, 2016 @ 10:20 pm By JD Alois  |  

  The answer is keep it simple, and  keep it transparent. The above statement came from Lord Adair Turner in a speech delivered at LendIt Europe this week. He was reflecting upon how peer to peer lending can avoid situations of systemic risk as exemplified… Read More

October 11, 2016 @ 4:28 pm By Samantha Hurst  |  

With less than 24 hours until its Crowdcube campaign closes, child safety app Azoomee is set to finish the initiative with nearly £800,000 in funding from more than 380 investors. The app allows children between the ages of 5 and 8 years old to watch, play,… Read More

October 10, 2016 @ 11:22 am By Samantha Hurst  |  

Nurturey, a personal assistant for parents, has recently launched an equity crowdfunding campaign on Seedrs to raise £128,000 to drive user base expansion and engagement. Within a matter of days, the initiative secured its initial funding goal and is currently nearing £150,000 from more than 50 investors. … Read More

October 10, 2016 @ 9:25 am By Samantha Hurst  |  

UK-based real estate crowdfunding platform the House Crowd announced on Monday its latest investment opportunity, called Bollin Heights, in Wilmslow, Cheshire. The round is seeking £3,550,000 and offers earn returns of 10-12 % p.a. The funding portal describes Bollin Heights as a conversion of an existing office building into… Read More

October 9, 2016 @ 9:21 pm By JD Alois  |  

The UK Peer to Peer Finance Association (P2PFA) has released a commissioned study on the economics of the peer to peer lending market in the UK.  The independent assessment, provided by the economic consulting firm of Oxera, analysed the risks, costs and benefits of peer-to-peer… Read More

October 8, 2016 @ 9:23 am By Samantha Hurst  |  

British Boxers, a UK-based nightwear and underwear brand, recently launched a Crowdcube campaign to raise £150,000 as it prepares to debut new product lines. Established in 2012, the company currently sells online and to more than 50 outlets, which includes Harrods. Each of the products… Read More

October 7, 2016 @ 4:29 pm By Samantha Hurst  |  

Cycle.Land, a social marketplace for bicycle sharing, has launched an equity crowdfunding campaign on Seedrs to raise £100,000 as it prepares to expand. The website is on a mission to make bikes available and affordable to anyone anywhere. The Cycle.Land team stated: “At the core, we are… Read More

October 7, 2016 @ 11:19 am By Samantha Hurst  |  

Just days after surpassing its initial £1,350,000 funding goal, London restaurant chain “M” has secured over £1.5 million on Seedrs. The company launched the initiative earlier this week. M opened its flagship restaurant, M Threadneedle Street, in November 2014 and opened its second venue, M Victoria Street earlier… Read More

October 7, 2016 @ 8:33 am By Samantha Hurst  |  

Online retailer Biscuiteers has officially launched its equity crowdfunding campaign on Crowdcube. The company is currently seeking £550,000 to accelerate business growth.  Biscuiteers was founded in 2007 by Harriet Hasting and Stevie Congdon. The company has two biscuit icing cafes in London and Battersea. It also operates… Read More

October 7, 2016 @ 7:54 am By JD Alois  |  

Online commercial mortgage marketplace lender LendInvest has released financial results and for the 3rd year running has reported a profit of £3.4 million. The company also stated that revenue rose 133% in the 12 months ending in March 2016. Gross revenue hit £32 million versus… Read More

October 6, 2016 @ 11:13 am By Samantha Hurst  |  

This week, London-based Moley Robotics launched a Seedrs initiative to secure £1 million for its new chef robots, which can cook in a user’s kitchen at the touch of a button. The company stated it has created what it believes to be the world’s “first fully-automated… Read More

October 6, 2016 @ 7:38 am By JD Alois  |  

The Financial Conduct Authority (FCA) publishes every 6 months the most complained about banks and other financial firms. This is one way to help keep the banks on their toes as this is one area that no firm wants to place first. On a positive… Read More

October 5, 2016 @ 8:05 am By JD Alois  |  

CrowdBnk, founded by CEO Ayan Mitra, has relaunched and rebranded as Code Investing. In a blog post, Mitra explained his new approach; Code Investing better reflects who we are and what we do Our focus on supporting proven small businesses seeking larger sums of growth… Read More

October 4, 2016 @ 2:37 pm By Samantha Hurst  |  

Less than 48 hours after launching its equity crowdfunding campaign on Seedrs, London-based restaurant chain “M” has successfully secured its initial £1,350,000 funding goal thanks to nearly 120 investors. The funds from the initiative will be used for its new M Social restaurant along with build and open… Read More

October 4, 2016 @ 11:03 am By Samantha Hurst  |  

With Azoomee’s equity crowdfunding campaign on Crowdcube set to close next week, the child safety app has successfully secured nearly £575,000 from over 230 investors. The company launched its initiative last month seeking£450,000 to license more content on the app (video, games, audiobooks), the more app development and… Read More

October 4, 2016 @ 8:22 am By Samantha Hurst  |  

On Tuesday, crowdfunding portal Crowdfunder UK announced it has teamed up with Santander to launch a £200,000 fund, called Changemaker, that is dedicated to social enterprises and community projects across the UK. According to the funding platform, the new fund is open to social enterprises, small… Read More

October 3, 2016 @ 4:50 pm By Samantha Hurst  |  

This week, online retailer Biscuiteers announced it is set to launch an equity crowdfunding campaign on Crowdcube. Founded in 2007 by Harriet Hasting and Stevie Congdon the company currently offers a range of products such as biscuits, chocolates, cakes, personalized items, wedding treats, and corporate… Read More