Tagged: united kingdom

November 25, 2023 @ 2:18 pm By Omar Faridi  |  

New research from online pension provider, PensionBee, reveals a notable enthusiasm among c.1,000 UK pension holders “for the recently announced ‘pot for life’ pension model.” Over three-quarters (76%) of pension savers “expressed that they would consider opting for the new model, while only 5% of… Read More

November 25, 2023 @ 2:15 pm By Omar Faridi  |  

Funding Circle (LSE: FCH), the UK’s SME lending platform, and Atom bank, the UK’s first app-based bank, announce a new lending partnership that “will provide up to c.£150m of funding to small businesses.” Atom bank is a “long-standing” and returning investor in the Funding Circle… Read More

November 25, 2023 @ 2:11 pm By Omar Faridi  |  

PonchoPay says it is on a mission to streamline payments in the childcare ecosystem. PonchoPay has raised 98% (£393,383) of its £400,012 target from 86 investors with 26 days left in the firm’s crowdfunding campaign, carried out via Seedrs. Based in London, United Kingdom, Ponchopay… Read More

November 25, 2023 @ 2:08 pm By Omar Faridi  |  

Pitchbook notes that their extensive Country Snapshot series provides an overview of both macroeconomic and microeconomic trends in the region, “covering various countries across Europe.” Pitchbook researchers look at how “both public and private data points have trended in Q3 for the UK.” As noted… Read More

November 24, 2023 @ 10:49 pm By Omar Faridi  |  

HAATCH SEIS Fund is an SEIS fund focused “on accelerating Pre-Seed B2B SaaS companies to their first £1m ARR and building the infrastructure to get to £10m+.” HAATCH SEIS Fund has raised £377,873 in capital via Crowdcube from 121 investors (at the time of writing) with… Read More

November 24, 2023 @ 9:49 am By Omar Faridi  |  

LendInvest Mortgages, the UK’s platform for mortgages, has launched its “first ever” Black Friday sale on its Bridging range, “offering brokers and their customers free valuations.” This offer is applicable to “all of its unregulated bridging products on standard properties.” Fresh from cutting its Buy-to-Let… Read More

November 24, 2023 @ 8:18 am By Omar Faridi  |  

Bestinvest, the online investment and coaching service, has become the first investment platform to adopt fintech platform PrimaryBid’s innovative Fuse solution in order “to expand access to UK capital markets transactions for customers.” Through Fuse, Bestinvest customers will “have significantly greater awareness and access to… Read More

November 24, 2023 @ 8:16 am By Omar Faridi  |  

Prior to the UK leaving the EU, EEA-based firms were able “to operate in the UK without our direct authorization.” The UK’s Financial Conduct Authority (FCA) notes that the Temporary Permissions Regime, which allowed EEA firms to continue “to operate in the UK while transitioning… Read More

November 23, 2023 @ 12:43 pm By Omar Faridi  |  

The Black Friday sales are fast upon us and while “nearly two thirds (62%) of consumers say they plan to take advantage of the discounts, nearly a third (29%) of people who have shopped over Black Friday in the past have regretted their purchases.” Buyer’s… Read More

November 23, 2023 @ 12:37 pm By Omar Faridi  |  

Xero, the global small business platform, has launched several updates to its practice tools at UK Roadshow, including “a new tax manager feature in Xero HQ, an important feature in its plan to more seamlessly connect Xero Practice Manager (XPM), Xero HQ and Xero Tax.”… Read More

November 23, 2023 @ 10:25 am By Omar Faridi  |  

One year ago, OakNorth – the UK digital bank has acquired a 50% stake in ASK Partners (ASK), a specialist lender that reportedly has enabled over £1.4 billion of lending through its platform “where institutional partners, family offices, and high net worth individuals provide funding.”… Read More

November 23, 2023 @ 9:24 am By Michael Wong  |  

UK-based PaymentSense is planning to apply for an e-money license from the Central Bank of Ireland, the Irish Independent reported. PaymentSense, known for providing merchants with card terminals for contactless payments, is already established in Ireland. However, the approval of its e-money license application would… Read More

November 22, 2023 @ 11:08 am By Omar Faridi  |  

Revolut Head of Financial Crime is warning consumers to “stay vigilant amidst surging frauds this sale season as e-commerce scams such as fake websites become increasingly sophisticated.” Revolut’s single use virtual disposable cards, which “protect shoppers’ card details so they are never shared with vendors,… Read More

November 22, 2023 @ 7:36 am By Omar Faridi  |  

nCino, Inc. (NASDAQ: NCNO), a key player focused on cloud banking for the global financial services industry, announced that Alba Bank has made a significant step “towards supporting the UK’s small- and medium-sized businesses (SMEs) by adopting the nCino Cloud Banking Platform.” As a secure… Read More

November 21, 2023 @ 7:47 pm By JD Alois  |  

Kroo, a UK digital bank authorized and regulated by the Prudential Regulation Authority and Financial Conduct Authority, is raising money on Crowdcube. Kroo has listed a securities offering to raise £1 million at a pre-money valuation of £120 million. That funding target has already been… Read More

November 21, 2023 @ 8:36 am By Omar Faridi  |  

The UK witnessed 898 venture capital (VC) funding deals of worth $8.7 billion during January-August 2023. This represents “a 27.2% drop in the volume compared to the same period in 2022.” Notably, the decline in terms of disclosed deal value “was significantly steeper, registering at… Read More

November 20, 2023 @ 9:28 am By Omar Faridi  |  

OakNorth, the neobank for entrepreneurs, by entrepreneurs, has today published new research with the Social Market Foundation, a cross-party think tank, revealing the outsized impact of scale-up businesses1 on the UK economy by region, country, and sector. The new report, titled ‘The Scale of the… Read More

November 20, 2023 @ 8:32 am By Omar Faridi  |  

Enfuce, a provider of embedded finance solutions, has revealed a new partnership with UK-based small business lending platform Funding Circle (LSE: FCH) to launch its new small business credit card as part of its FlexiPay product. FlexiPay is a revolving line of credit that “helps small… Read More

November 19, 2023 @ 11:04 pm By Omar Faridi  |  

AMP will be launching a digital bank division built specifically “for the transaction needs of sole traders and small business.” AMP will work with Engine by Starling, the SaaS subsidiary of UK digital bank, Starling Bank Limited, allowing it to leverage: Starling’s ‘Engine’ technology platform,… Read More

November 17, 2023 @ 9:03 am By Omar Faridi  |  

At Gemini, they believe that the crypto ecosystem must include guardrails and an appropriate level of transparency to protect users from financial crime and fraud. Gemini claim they have always “been dedicated to regulatory compliance and believe that adherence to the Travel Rule is an… Read More