Tagged: united kingdom

July 20, 2015 @ 7:18 am By JD Alois  |  

 Startupbootcamp FinTech, an accelerator focused on disruptive finance, has published the 10 international startups selected to join its London program. The finalists include teams from across Europe, America and Asia-Pacific. According to Startupbootcamp, half of the class is already generating revenue and the entire group has already raised… Read More

July 18, 2015 @ 7:39 am By JD Alois  |  

The Peer to Peer Finance Association (P2PFA) in the United Kingdom has released its quarterly tally of P2P loans for Q2 and according to the association loans came in at £507,336,204. This is for both consumer and SME loans and represents an increase of £48,103,898… Read More

July 17, 2015 @ 10:16 am By JD Alois  |  

Martin Wheatley, the current FCA CEO, has announced his departure from the regulatory agency as of September 12, 2015. Wheatley will continue to advise the FCA board until January of 2016. Tracey McDermott will be taking over as Acting CEO from September 12 while the search for… Read More

July 17, 2015 @ 7:59 am By JD Alois  |  

The UK Government has published a consultation paper on the deduction of income tax from interest on peer to peer lending. Closing comments are expected by September 18, 2015. The query tackles the issue of who should deduct and pay taxes. The challenge is not… Read More

July 14, 2015 @ 4:49 pm By JD Alois  |  

Funding Circle is on a trajectory to originate around $1 billion in loans for 2015. The direct lender facilitated $100 million in loans in both the US and UK combined for the month of June, according to CEO and founder Samir Desai. The marketplace lending… Read More

July 14, 2015 @ 7:37 am By JD Alois  |  

“We are on a mission to democratise the venture capital investment business” In a pivotal offer, VC firm Venrex will raise £ 1 million in capital on equity crowdfunding platform Seedrs allowing ordinary investors to join an investment fund that is typically reserved for the wealthy… Read More

July 13, 2015 @ 7:30 am By JD Alois  |  

Sugru, a unique type of mouldable glue that was listed by Time Magazine as one of the worlds top inventions in 2010 (beating the iPad no less), has closed its crowdfunding round on Crowdcube at over £3.5 million.  According to Crowdcube, 2700 investors from 68 countries… Read More

July 13, 2015 @ 2:00 am By Geoff Miller, CEO, GLI Finance  |  

The Emergency Budget This week saw the first Budget in the UK since the Conservative Party achieved a surprise win in the General Election in May. As the previous coalition government had already made promising steps towards the implementation of legislation which will improve access… Read More

July 9, 2015 @ 2:13 pm By JD Alois  |  

As part of the UK government’s budget policy, Chancellor of the Exchequer George Osborne affirmed that soon (April 2016) ISAs will allow for peer to peer lending assets to be part of a savers portfolio.  Osborne also stated the government will consider allowing equity crowdfunded… Read More

July 9, 2015 @ 1:09 pm By JD Alois  |  

E-Car Club raised £100,000 on Crowdcube back in 2013. The company went on to raise further capital from “socially minded investors”, including some of the crowdfunding investors, and then received funding by Ignite Social Enterprise. Details of the transaction were not revealed. E-Car Club, launched… Read More

July 8, 2015 @ 11:27 am By JD Alois  |  

  The Chancellor of the Exchequer’s summer budget was said to put economic security first and was a plan for “working people”. But incorporated in the policy statement was also aspects that should benefit disruptive financial firms on both the debt and equity side of… Read More

July 7, 2015 @ 6:15 pm By JD Alois  |  

Investment crowdfunding platform Crowdcube has just released their numbers for the first half of 2015 and according to their tally the funding portal has seen £53.5 million invested via their site with £38.9 million raised for a funded business. In 2014 the total amount raised… Read More

July 7, 2015 @ 7:41 am By JD Alois  |  

investUP has hired Paul Staples as Senior Business Advisor. Paul joins investUP after seven years as head of global custody commercial product EMEA at J.P. Morgan, alongside his mentor and advisory role for FinTech startups. Paul began his career as an analyst at Goldman Sachs, working in… Read More

July 6, 2015 @ 5:47 pm By JD Alois  |  

Young peer to peer lending platform, Money&Co., founded by City Super Woman Nicola Horlick, believes it has set a record of sorts.  The direct lender was launched in the spring of 2014 and to date has facilitated about £6 million in loans. According to Money&Co.;… Read More

July 6, 2015 @ 11:34 am By JD Alois  |  

UK based Radio Physics Solution (RPS) has created a new weapons screening technology that can detect if an individual is carrying a gun, knife, bomb or IED from a safe distance. Their product is the only mobile system available today. Named MiRTLE, the technology utilizes ultra… Read More

July 6, 2015 @ 11:01 am By JD Alois  |  

Tossed, a unique dining establishment that delivers healthy and tasty cuisine, is celebrating its 10th birthday this year. As part of their hard earned success, Tossed is allowing its fans to share in its success with an equity crowdfunding campaign on Seedrs. The company is… Read More

July 3, 2015 @ 2:07 pm By JD Alois  |  

The new FSCS deposit limit will kick in on January 1st, 2016.  The limit for individuals is being lowered from £85,000 to £75,000 to be in line with the European Union Deposit Guarantee Scheme which is designed to “harmonize” the limit across Europe to €100,000.  The… Read More

July 2, 2015 @ 3:17 pm By JD Alois  |  

The Financial Conduct Authority (FCA), has been tasked with a mission to change and adapt to present day financial market realities.  Charged with the very important role of investor protection, and market efficiency, the FCA also maintains a mission to encourage competition.  It is this… Read More

July 2, 2015 @ 7:47 am By JD Alois  |  

The Peer to Peer Finance Association (P2PFA) in the UK has shared they will be partnering with Lendit on their annual conference to be held in London this coming October. Lendit has captured solid acclaim for its US conferences targeting the marketplace lending / peer… Read More

July 1, 2015 @ 10:42 am By JD Alois  |  

Extreme sport company Ruroc, is looking to broaden their business and move into other product sectors. So do they go to the bank for a loan? Nope. They are raising capital on Crowd2Fund and they are going with a revenue loan. Ruroc is creator of… Read More