Tagged: united kingdom

November 6, 2024 @ 1:22 pm By JD Alois  |  

The British Business Bank has published a report on venture capital activity in the UK. The research states that the performance of UK VC funds declined slightly during the 2023/24 period, matching the US and the rest of Europe. While conditions are said to be… Read More

November 5, 2024 @ 7:34 am By JD Alois  |  

The Capital Gains Tax (CGT) is moving higher in the UK, and firms and individuals are adjusting their behaviour. One way to mitigate CGT is to invest in companies that qualify under the EIS/SEIS/VCT programs, as there are potentially no capital gains taxes paid at… Read More

November 4, 2024 @ 4:07 pm By Tony Zerucha  |  

Affirm has launched its pay-over-time options in the United Kingdom. While nearly one-quarter of buy now, pay later users in the UK were charged late fees in 2023, Affirm does not have any late fees or hidden charges. Affirm underwrites every individual transaction before making… Read More

November 4, 2024 @ 9:43 am By JD Alois  |  

Last week, the Labour government outlined its budget for the forthcoming year. The Autumn Budget, delivered by Chancellor of the Exchequer Rachel Reeves, sought to address a “black hole” of insufficient funds to fund the government’s programs. One path to generate more funds was an… Read More

November 2, 2024 @ 4:33 pm By Omar Faridi  |  

UK small business sales growth continued to slow over the last quarter (July to September), not helped by rising late payments times, according to the  Xero Small Business Insights (XSBI) data from Xero, the small business platform. As noted in the research report, this quarter,… Read More

November 1, 2024 @ 5:44 pm By Tony Zerucha  |  

According to a global survey of Open Banking, 90% of companies are considering U.S. expansion following the finalization of new regulations this week. That is among the findings in The Transatlantic Index USA, a report released by Open Banking Excellence (OBE). The publication features insights… Read More

November 1, 2024 @ 4:14 pm By JD Alois  |  

Earlier this year, CI reported on a consultation in the UK on Public Offer platforms [POP]. This is part of an initiative to improve the capital-raising environment for firms in the UK. Currently, in the UK, issuers typically are capped at pursuing online securities offering… Read More

October 31, 2024 @ 11:47 am By JD Alois  |  

Yesterday, the UK government revealed its new budget and the changes being made to cover a deficit while attempting to fuel economic growth. While the punditry will be digesting the statement from the Chancellor of the Exchequer, Rachel Reeves, for days, CI has received a… Read More

October 31, 2024 @ 10:32 am By Omar Faridi  |  

Upvest is working with Revolut so that the digital banking platform can expand its wealth and trading product offering by introducing ETFs and fractional European stocks for the first time. In the 6 months since integrating Upvest’s Investment API, Revolut has launched investment products with… Read More

October 30, 2024 @ 3:13 pm By JD Alois  |  

In the Autumn Statement delivered by Chancellor of the Exchequer Rachel Reeves today, the UK government delivered on an expectation for an increase in taxes. The Chancellor is the first female to deliver a budget in the UK’s history. In total, the government anticipates about… Read More

October 29, 2024 @ 11:49 am By JD Alois  |  

An increase in capital gains taxes (CGT) is anticipated to be announced at this week’s Autumn Statement. This will impact investments in firms and may undermine support of early-stage ventures. This much is clear. Today, we have two more executives adding their voices to the… Read More

October 29, 2024 @ 10:52 am By JD Alois  |  

BCB Group has announced a “multi-currency solution leveraging stablecoins” designed to consolidate payments from different cryptocurrencies along with fiat into a single account. The new offering is being described as “stablecoin payments on steroids.” BCB is a payments provider that offers a digital wallet along… Read More

October 29, 2024 @ 10:00 am By Omar Faridi  |  

Quantexa, a global enabler of Decision Intelligence (DI) solutions for the public and private sectors, announced that it has surpassed $100 million in annual recurring revenue (ARR). This update sees Quantexa achieve Centaur status, thus joining a group of SaaS businesses recognized in this category… Read More

October 29, 2024 @ 7:36 am By Omar Faridi  |  

A report from MillTechFX has revealed that 83% UK corporates have had their finances impacted by the stronger pound. Although half of these companies saw positive outcomes, the other 50% experienced “negative financial impacts,” highlighting the intricate effects of currency “fluctuations on business performance.” The MillTechFX… Read More

October 28, 2024 @ 11:07 pm By Omar Faridi  |  

The extensive half-yearly complaints data has recently been released for H1 2024 by the Financial Ombudsman Service (FOS). They publish data every six months showing the number and outcome of the complaints they “handle about financial businesses.” This half-yearly data from the Financial Ombudsman Service… Read More

October 28, 2024 @ 2:50 pm By Omar Faridi  |  

More than three quarters (76%) of financial services professionals across the UK are planning to increase office attendance in the next 12 months, according to new research from KPMG UK. The survey, shared by KPMG UK, of 150 executives working across banking, insurance, asset and… Read More

October 28, 2024 @ 10:38 am By JD Alois  |  

The Autumn Statement, the event where the UK government outlines its forthcoming budget and associated programs, is scheduled for Wednesday, October 30th. Expectations are for the Labour government to increase certain taxes as it aims to close a gap in funding. CI has received multiple… Read More

October 28, 2024 @ 6:33 am By Omar Faridi  |  

UK based startups are managing to stay ahead of Germany and China in terms of total funding raised during Q3 2024. This, despite an overall decline, according to Tracxn Research. Tracxn’s latest analysis of the UK tech funding landscape reveals a number of  key /… Read More

October 27, 2024 @ 4:42 pm By Michael Wong  |  

SEPA Cyber Tech Group Holding Ltd., a prominent technology developer and venture capital firm based in London, has rebranded its financial technology division as FinHub and unveiled an ambitious financial super platform under the same name. FinHub’s newly launched platform is designed to meet the… Read More

October 25, 2024 @ 11:26 am By JD Alois  |  

CI has received multiple comments on next week’s Autumn Budget presentation, which will outline Labour’s plan for the UK economy. We have received multiple comments pertaining to expectations that certain taxes are poised to increase. Higher taxes like the CGT will directly undermine the innovation… Read More