Tagged: united kingdom

December 12, 2023 @ 8:22 am By Omar Faridi  |  

The British Business Bank, the UK’s economic development bank, has appointed Ian Connatty as its first Deputy Chief Investment Officer. This is in addition to his role “as Managing Director, Direct and Co-investment, British Patient Capital, a commercial subsidiary of the Bank.” The Deputy Chief… Read More

December 12, 2023 @ 8:17 am By Omar Faridi  |  

The latest Royal Bank of Scotland Report on Jobs survey pointed to a renewed rise in hiring activity across Scotland in November. As mentioned in a blog post, mild expansions were signaled for “both permanent placements and temp billings amid reports of successful recruitment campaigns… Read More

December 11, 2023 @ 1:07 pm By Omar Faridi  |  

GFO-X announces that M&G Investments has led a $30 million Series B funding round for the company and will join the Board of Global Futures and Options Holdings. The investment will fund GFO-X through its forthcoming launch and “support future innovation in the regulated digital… Read More

December 11, 2023 @ 7:37 am By Omar Faridi  |  

Nucleus Financial Platforms, which claims to be one of the UK’s independent, adviser platform groups, has recently announced it’s reducing the standard annual Nucleus Wrap platform charge by three basis points “for holdings between £200k and £500k.” According to the update shared by Nucleus Financial… Read More

December 11, 2023 @ 7:13 am By Omar Faridi  |  

OakNorth, a UK-based digital bank, has provided a debt finance facility to support the latest acquisition project of ALMCOR and an affiliate of Cerberus Capital Management, L.P. ALMCOR claims that it has over 25 years of experience “operating in the UK and European real estate… Read More

December 11, 2023 @ 6:08 am By Omar Faridi  |  

SumUp, the global financial services company, announced it raised €285 million in funding led by Sixth Street Growth with further participation by Bain Capital Tech Opportunities, Fin Capital, and Liquidity Group. The funding will be used “to expand SumUp’s global footprint and deliver the tools… Read More

December 10, 2023 @ 10:37 pm By Omar Faridi  |  

Thistle Initiatives, part of the Thistle Group is pleased to announce its partnership agreement with ClearBank, the enabler of real-time clearing and embedded banking for financial institutions, “as its first trusted client compliance partner. ” As ClearBank’s partner, Thistle Initiatives provides support “on matters including,… Read More

December 10, 2023 @ 9:28 pm By Omar Faridi  |  

More people could access advice or support to help make their money “work harder” under proposals set out today by the Financial Conduct Authority (FCA) and the Government. The potential options aim to help more people benefit from investment opportunities, provide for later life, “save… Read More

December 9, 2023 @ 10:38 pm By Omar Faridi  |  

Safe, the smart wallet infrastructure provider, is collaborating with Sygnum, a digital asset banking group, and CoinCover, a UK-regulated recovery service provider, to launch Safe{RecoveryHub}, “offering a curated suite of crypto recovery options.” Built with Safe’s smart account infrastructure at its core, this marketplace of… Read More

December 8, 2023 @ 11:01 am By Omar Faridi  |  

Experian, the global information services company, has announced the launch of a suite of new capabilities for Ascend, its cloud-based analytics and technology platform. These latest innovations aim to “increase operational efficiency, maximize profitability and support lenders and businesses in today’s rapidly changing market conditions… Read More

December 8, 2023 @ 7:43 am By Omar Faridi  |  

The UK’s energy supply could require more than £900 billion in capital expenditure to achieve net zero by 20501, opening up “a significant opportunity for public and private capital in enabling a successful transition,” according to a new report published by NatWest and Boston Consulting… Read More

December 7, 2023 @ 10:25 pm By Omar Faridi  |  

CapitalRise reveals that it recently passed the £300m lending milestone, against £830m of prime property assets. To sustainably maintain this growth in their loan book, they claim to “have robust monitoring processes in place.” Their own project managers reportedly work “with independent third-party professionals, such… Read More

December 7, 2023 @ 10:23 pm By Omar Faridi  |  

From cafes and restaurants to the aesthetic of the properties, there are a lot of factors to consider when choosing a city to purchase a buy-to-let property, according to an update from UK’s Molo Finance. Nowadays, a location’s social media presence is also “becoming an… Read More

December 7, 2023 @ 8:08 am By Omar Faridi  |  

KPMG has shared its response to the latest UK Q3 M&A data. Rob Baxter, UK Head of Corporate Finance at KPMG, commented: “A combination of domestic and global factors continues to suppress UK dealmaking. But while the cost of borrowing will remain high, slowing inflation… Read More

December 7, 2023 @ 3:00 am By JD Alois  |  

FinTech Scotland has announced the launch of the Financial Regulation Innovation Lab (FRIL). The project is predicted to shape the regulatory landscape for financial services in the UK as well as around the world. The Lab was created in partnership with the University of Strathclyde… Read More

December 6, 2023 @ 10:30 am By JD Alois  |  

  While many P2P lenders have fallen to the wayside or moved on to accepting only institutional funding, Folk2Folk perseveres with its original mission. Today, Folk2Folk claims the title of the UK’s largest peer-to-peer lending platform in terms of cumulative lending, having facilitated £653 million… Read More

December 6, 2023 @ 8:13 am By Omar Faridi  |  

Research from the British Business Bank, UK Venture Capital Financial Returns 2023, finds UK venture capital funds continue “to perform well overall compared to their US and European counterparts, but top performing UK funds lag behind leading US funds.” Historically, US VC financial returns “were… Read More

December 5, 2023 @ 10:02 pm By Omar Faridi  |  

Smart Pension, one of the UK’s workplace pension schemes, has been appointed to provide a workplace pension by ISS UK, the nation’s workplace experience and facility management company. The appointment reportedly “represents some 19,000 active and 43,000 deferred employees and £200m in Assets Under Management.”… Read More

December 5, 2023 @ 11:05 am By JD Alois  |  

Chip, an early-stage Fintech, has returned to Crowdcube to raise another funding round. In 2021, it was reported that Chip raised £11.5 million in a funding round listed on Crowdcube. At that time, Chip saw almost 13,000 investors support the firm in an equity offering… Read More

December 5, 2023 @ 10:31 am By Omar Faridi  |  

The majority of UK consumers are unhappy with high-street banks, believing they have prioritized profits over “passing higher interest rates on to savers, new research has revealed.” A survey of 2,000 UK adults commissioned by SmartSave, run by Chetwood Financial, found that 65% of people… Read More