Tagged: united kingdom

August 23, 2015 @ 3:17 pm By JD Alois  |  

In its fourth consecutive year, Finance Magnates’ London Summit, taking place in November, expects this year’s event to be the biggest yet.  The gathering has been stretching its subject over the years to cover a diverse, cross-section of FinTech and new finance. Last year’s event had… Read More

August 21, 2015 @ 1:20 pm By JD Alois  |  

Tossed, a chain of “vibrant” healthy eating restaurants, went to Seedrs to raise £750,000 for a 5.5% equity stake in the growing company that gave a pre-money valuation of £12.8 million.  The still open equity crowdfunding campaign is now over £1.2 million as over 630… Read More

August 21, 2015 @ 12:45 pm By JD Alois  |  

  Seedrs opened up an investment round in their own company for investors on their platform to join the equity crowdfunding odyssey.  Seedrs very best investors were given early access to the £2.5 million set aside for users at 9AM today.  Pre-money valuation was set… Read More

August 21, 2015 @ 7:00 am By JD Alois  |  

Seedrs announced last month a Series A funding round in the amount of £10 million led by Woodford Patient Capital Trust along with Augmentum Capital.  As part of that funding round the equity crowdfunding platform has carved out £2.5 million for new shareholders – to… Read More

August 20, 2015 @ 6:10 pm By JD Alois  |  

House of Modern Living, or MoLi, is crowdfunding a loan on Crowd2Fund to power growth, acquire more apartments and invest in new platform tech. MoLi, soon to be rebranded as thesqua.re, targets corporate accommodations for travellers staying more than a few days.  MoLi currently manages… Read More

August 19, 2015 @ 7:38 am By JD Alois  |  

Tennis champion  Andy Murray joined the Advisory Board of Seedrs earlier this year.  According to Seedrs, Murray has now shared three companies in which he has invested an undisclosed amount via the equity crowdfunding site. The three include London-based, healthier eating chain Tossed.  The company… Read More

August 17, 2015 @ 7:01 pm By JD Alois  |  

Zopa has become the first UK peer to peer lender to surpass £1 billion (about $1.564 billion) in lending as direct lender states P2P lending has now become mainstream. The P2P lender has already matched more loans in 2015 than it did in the whole of… Read More

August 16, 2015 @ 4:37 pm By JD Alois  |  

The below report was published by the UK parliament some weeks back.  A joint commission comprised of members of the House of Lords and House of Commons generated a document entitled “Changing Banking for Good”.  The UK suffered like the rest of the world during… Read More

August 10, 2015 @ 8:25 am By JD Alois  |  

Senta, a cloud based application that aids accounting firms, quickly topped its  £75,000 funding target in just 5 days on Seedrs. The offer now stands at over £109,000 and about 16% equity.  Senta has a pre-money valuation of £574,950. The Senta product is a new service that… Read More

August 7, 2015 @ 8:50 am By JD Alois  |  

Young buy-to-let lender Elevate Capital is using Profile Software‘s peer-to-peer lending solution. Profile has created FMS.Next, an online banking solution, that can power P2P lending platforms. Elevate launched in early 2015 and has been slowly ramping operations. According to a statement provided by Profile, “Elevate,… Read More

August 7, 2015 @ 8:00 am By Giles Andrews  |  

This is a question I get asked a lot. And the usual line of thinking of those asking the question is that it does matter.  The common assumption is that the increased activity of “institutional” funds is crowding out the core retail investors that platforms… Read More

August 6, 2015 @ 9:39 am By JD Alois  |  

UK based AltFi will host its second annual AltFi Global Summit for the US institutional investor audience this coming November in New York City. AltFi held its inaugural event in the US last year with solid participation from across the ranks of disruptive finance.  According to… Read More

August 5, 2015 @ 10:07 pm By JD Alois  |  

The Financial Conduct Authority (FCA) has announced that Megan Butler will be joining the FC to take the role of Director of Supervision – Investment, Wholesale and Specialists. Megan is currently Executive Director of International Banks Directorate at the PRA. Megan starts on the 1 September and… Read More

August 5, 2015 @ 2:26 am By Midori Yoshimura  |  

  London-based Stockflare has become the first fintech startup to gain an investment pledge from the London Co-Investment Fund (LCIF), supported by the London Mayor’s office, as it raises seed capital on Crowdcube. The company, which makes it easier for private investors to pick stocks that are right… Read More

August 5, 2015 @ 1:33 am By Midori Yoshimura  |  

  Recently, the first back-to-school ads popped up on my music streaming service, accompanied by the scent of the school year–anticipation of the new. I paused, remembered what it felt like to use an eraser and be dropped off at the curb daily, then kept writing. A computer… Read More

August 3, 2015 @ 1:25 pm By JD Alois  |  

The United Kingdom has been very vocal, and aggressive, in courting financial firms and FinTech startups. Chancellor of the Exchequer George Osborne wants the UK to be the world leader in developing innovative FinTech firms.  Osborne enjoys a partnership with his objective in Prime Minister… Read More

July 31, 2015 @ 10:00 am By JD Alois  |  

The Financial Conduct Authority (FCA) has announced the appointment of Christopher Woolard to its Board.  Woolard is currently the Director of Strategy and Competition at the regulatory entity.  Woolard has been a member of the FCA executive committee since the FCA was created from the… Read More

July 30, 2015 @ 8:13 am By JD Alois  |  

Crowdcube, UKs largest equity crowdfunding platform by total capital raised, has received £6 million in a funding round to further boost growth.  The funding was led by Numis, a stockbrokerage firm, Tim Draper / Draper Esprit and existing investor Balderton Capital.  The announcement of new… Read More

July 29, 2015 @ 6:39 am By JD Alois  |  

Funding Options and Finpoint, both GLI Finance portfolio companies, have been shortlisted for the British Business Bank referral program.  Established under the Small Business Enterprise and Employment Act, the program requires traditional banks to refer any SME whose loan has been rejected to an alternative… Read More

July 28, 2015 @ 7:51 am By JD Alois  |  

GLI Finance, a portfolio company that operates multiple internet finance companies, states their platforms are experiencing solid growth as “SME finance opportunity continues to boom”.  GLI is publicly traded on the LSE. According to a company report, the GLI platforms leading the charge include; Finexkap… Read More