Tagged: united kingdom

September 19, 2016 @ 12:56 pm By JD Alois  |  

The Financial Conduct Authority (FCA) has slapped down CFO Lending, a payday loan firm, for unfair lending practices.  CFO Lending also operated as Payday First, Flexible First, Money Resolve, Paycfo, Payday Advance and Payday Credit. According to the FCA, CFO Lending will provide over £34… Read More

September 19, 2016 @ 9:59 am By JD Alois  |  

RateSetter has released its accounts for 2015 – 2016.  According to their financial results, top line revenue increased 46% to £18.5 million from £12.6 million versus prior period. The increase in revenue was paired with a pre-tax loss of £4.9 million compared to a pre-tax… Read More

September 19, 2016 @ 7:50 am By JD Alois  |  

Innovate Finance, an association for the global Fintech industry founded in 2014, has revealed that global venture capital in Fintech for the first half of 2016 is up significantly. According to their numbers, during the first 6 months of the year, global Fintech investment increased… Read More

September 17, 2016 @ 1:36 pm By Samantha Hurst  |  

Daily Dose, a juice company, launched an equity crowdfunding campaign on Crowdcube this week to raise £75,000 to increase its online presence. The company is based in London and began trading earlier this year. It is currently stocked in numerous independent cafes and restaurants. The… Read More

September 16, 2016 @ 10:15 am By Samantha Hurst  |  

Vana Koutsomitis and her team are set to close their Seedrs campaign for the dating app, DatePlay, with more than 215,000 from over 375 investors. The initiative was launched  by “The Apprentice” runner-up in July, with an initial funding goal of £120,000 for the app’s development.  As previously reported, DatePlay’s… Read More

September 16, 2016 @ 9:44 am By Samantha Hurst  |  

Earlier this week, RateSetter announced it has surpassed 100 million in car financing. and is considered the first peer-to-peer lending platform to lend the amount through motor partnerships. Sharing details about the new milestone, head of RateSetter Motor Finance, Nick Elkan, reportedly stated: “These are exciting… Read More

September 15, 2016 @ 12:21 pm By Samantha Hurst  |  

Crowdcube success, Savvy Foods, has appointed one of its investors, Ashif Manjothi, as a new chairman of its board. Launched in 2013 by Jonathan Drury and Katie Owens, Savvy Foods is described as a delicious and nutritious food source, designed as the perfect breakfast and snacking food… Read More

September 14, 2016 @ 4:35 pm By Samantha Hurst  |  

On Wednesday, crowdfunding portal Kickstarter announced it was heading across the Atlantic for this year’s London Design Festival, which will be held on September 17th-25th. The citywide celebration features a range of designers who have brought their projects to Kickstarter. The funding platform declared: “Whether… Read More

September 14, 2016 @ 12:41 pm By Samantha Hurst  |  

On Wednesday, UK-based fintech company, Ebury, announced its customer base has increased by 50% in the past year and saw its lending volumes more than double. The company reports that this rapid growth was fueled by its partnership with Avoka, a digital customer acquisition for… Read More

September 14, 2016 @ 10:19 am By Samantha Hurst  |  

On Tuesday, Crowdcube #FundedClub member Sugru announced it is set to hit a new milestone very soon. The company reports nearly 10 million single packs of its moldable glue. This announcement comes just after Sugru launched its new website. The Sugru team revealed: “We’re about… Read More

September 14, 2016 @ 8:28 am By JD Alois  |  

LendInvest, an online mortgage marketplace that has facilitated over £740 million in financing, has launched the “first” Property Development Academy in an attempt to boost construction of new homes. The UK has had supply challenges for housing for some time now. Of course, the result… Read More

September 13, 2016 @ 2:37 pm By Samantha Hurst  |  

Tipple Box, an award-winning Edinburgh cocktail and premium company, has recently launched a campaign on equity crowdfunding platform Crowdcube to raise £80,000 as it prepares for expansion. Launched in 2014, Tripple Box delivers cocktail and premium small-batch spirit boxes to customers’ doors. The company revealed: “We believe… Read More

September 13, 2016 @ 1:20 pm By Samantha Hurst  |  

App-based family transportation service OneLane has successfully secured its initial £200,000 funding goal on Crowdcube. The initiative was launched late last month and was seeking the funding for growth and development. OneLane was created by founder Camron Moradi, who created the app after he noticed how his… Read More

September 13, 2016 @ 9:48 am By Samantha Hurst  |  

Wealthify, the online investment service, officially launched its equity crowdfunding campaign on Seedrs on Monday and quickly secured half of its £1 million funding goal. The company reported that over 500 investors pre-registered for early access to the initiative on September 9th. Wealthify is described… Read More

September 12, 2016 @ 12:48 pm By Samantha Hurst  |  

Mr. Singh’s, a London-based chili sauces and cooking pastes, launched Seedrs equity crowdfunding campaign on Monday to raise £95,000. Just hours after its debut, the initiative successfully secured its initial funding goal and is now over £105,000 thanks to more than 80 investors. The company,… Read More

September 12, 2016 @ 10:42 am By JD Alois  |  

Kuber Ventures has released a warning regarding “capacity constraints” in the Enterprise Investment Scheme (EIS) Market. EIS is a significant tax exemption encouraging investors to invest in earlier stage companies. The program is viewed as strategically important for the UK economy but also delivers powerful… Read More

September 10, 2016 @ 10:31 am By Samantha Hurst  |  

  Spontly, a fan app platform that specializes in football, rugby, golf and tennis, has successfully secured its initial £200,000 funding goal on Seedrs. The platform, which enables sports fans to stay up-to-date with their favorite club teams and eliminate the inconvenience of having to check multiple… Read More

September 10, 2016 @ 10:20 am By Samantha Hurst  |  

Earlier this week, an online marketplace for pre-owned fashion and furniture, Preselected Couture, took to equity crowdfunding platform Crowdcube to raise £120,000 for its continuous website and smartphone app development. Launched in May 2016, the marketplace specializes in designer items (which includes designer clothes, footwear, accessories,… Read More

September 9, 2016 @ 11:15 am By Samantha Hurst  |  

On Friday, Commonwealth Bank of Australia (CBA) and Barclays announced they formed a partnership to allow users of both their apps, CommBank app and Pingit, to move money between Australia and the UK. The two companies have reportedly worked together to connect each of their payment… Read More

September 8, 2016 @ 5:03 pm By Samantha Hurst  |  

London-based healthy food delivery startup Pronto reportedly shut down after running out of funds. The company took to Seedrs in May and secured £838,620 to expand its delivery area to cover the central part of the city and although it recently announced its partnership with Starship… Read More