Tagged: united kingom

July 11, 2022 @ 1:27 am By JD Alois  |  

Tide, a Fintech providing banking services to small businesses, has issued a warning that the UK could be in store for a challenging business environment as one in five small business owners may not make it through the year. According to a survey of 1000… Read More

July 10, 2022 @ 2:07 pm By JD Alois  |  

“AgTech bank” Oxbury Bank has raised an additional £20 million bringing its total raised to £68 million. Investors include Frontier Agriculture and Hutchinsons Group as well as existing tech investors Hambro Perks and Grosvenor Food & AgTech. Launching in February 2021, Oxbury reports having completed… Read More

May 17, 2022 @ 8:57 am By Omar Faridi  |  

Following a £10 million equity funding round late last year and a period of “rapid expansion” at Blend Network, the team is now expanding their UK local and regional footprint “with the opening of a number of satellite offices across the UK regions.” In March,… Read More

January 11, 2022 @ 11:37 pm By Omar Faridi  |  

nHouse, a young “disruptive” housing firm providing various designs, has secured 121% (£121,870) of its £100,000 target from 245 investors (at the time of writing) through a crowdfunding campaign carried out via Seedrs with 29 days left in the sale. nHouse explains that it makes… Read More

July 21, 2021 @ 7:42 am By Omar Faridi  |  

Railsbank, an established global embedded finance solution provider, and Visa (NYSE: V) are joining forces to promote local Fintech services, with Railsbank becoming a Visa Ready Banking Identification Number (BIN) sponsor. This, according to an update shared by Finextra. Through the BIN sponsor program, all… Read More

April 28, 2021 @ 12:47 am By Omar Faridi  |  

James Butterfill, Investment Strategist at London-based CoinShares, a digital asset manager focused on expanding access to the cryptocurrency ecosystem while serving as a “trusted partner” for its clients, notes in a blog post published on Tuesday (April 26, 2021) that “poor sentiment” for Bitcoin led… Read More

December 24, 2020 @ 11:40 am By JD Alois  |  

The United Kingdom and the European Union have reached a trade deal just in time for Christmas. The UK government said they have agreed on a zero tariff-free trade deal including a commitment to maintaining high labor, environment, and climate standards without giving the EU… Read More

November 5, 2020 @ 7:35 am By JD Alois  |  

The Bank of England’s Monetary Policy Committee has voted unanimously to maintain the Bank Rate at 0.1% following a meeting yesterday. As the economy continues to be challenged by the COVID-19 health crisis, the MPC also decided to continue its quantitative easing plan. For savers,… Read More

June 15, 2020 @ 8:06 am By JD Alois  |  

Challenger bank Allica Bank has announced the appointment of Richard Cameron as Head of Asset Finance. Allica Bank seeks to support SMEs. Starting with commercial mortgages, the company’s goal is to provide a full suite of banking services for the underserved SME community. Allica received… Read More

April 3, 2020 @ 10:04 am By JD Alois  |  

Following intense criticism regarding the confines of the Coronavirus Business Interruption Loan Scheme (CBILS), HM Treasury expanded the program in a move to support a broader range of businesses – most importantly smaller firms. Last week, Rangewell, a business finance specialist, posted an open letter… Read More

December 19, 2019 @ 11:44 am By JD Alois  |  

Stratis, an “enterprise blockchain platform,” has launched a security token offering platform for enterprises to issue digital securities.  The company reports that its platform has been constructed while in regular dialogue with clients that are engaging with the US Securities and Exchange Commission (SEC). Stratis… Read More

February 16, 2019 @ 4:33 pm By Cali Haan  |  

Due to “challenging conditions” in crypto markets, Argo Blockchain (LSE:ARB), a cryptomining firm that went public in the UK last year, is no longer accepting new customers for its “mining-as-a-service” program (also known as “cloud mining”), and will terminate all contracts as of April 1,… Read More

October 29, 2018 @ 6:23 pm By JD Alois  |  

In the wake of the Autumn Budget  delivered by Chancellor of the Exchequer Philipp Hammond today, the Financial Conduct Authority (FCA), Bank of England, and HM Treasury has published their final report on the topic of regulating cryptoassets and distributed ledger technology (DLT/blockchain). The Cryptoasset… Read More

June 16, 2018 @ 1:14 pm By JD Alois  |  

UK Finance’s most recent report indicates that the number of new loans to UK SMEs increased slightly in the first quarter of 2018. There were 73,971 new loan approvals to SMEs across the UK in Q1 versus 72,272 in Q1 of 2017. A report by UK… Read More

March 21, 2018 @ 7:47 am By JD Alois  |  

London based Opal Transfer has launched a new money transfer service between Italy and the UK. This is an extension of the existing product – money transfer service from the UK to Italy. Opal says it has one of the lowest cost transfer products on… Read More

December 7, 2017 @ 2:30 am By JD Alois  |  

Revolut knows the future of banking is a digital only world with a feature rich mobile ecosystem. Give people what they need and want in online bank and they will keep coming back in droves. Today, as we alluded to last week, Revolut is officially… Read More

October 23, 2017 @ 12:04 pm By JD Alois  |  

The UK Peer to Peer Finance Association (P2PFA) has published their quarterly numbers on sector growth for the third quarter of 2017. Covering the period between July and September 2017,  the P2PFA says the numbers confirm continued steady growth in levels of new lending and… Read More

April 10, 2017 @ 1:41 pm By JD Alois  |  

Lloyds Banking Group launched a Fintech mentoring program last year. At that time, Innovate Finance helped to identify suitable start-ups to benefit from the program. The Fintech start-ups benefit from knowledge sharing of experienced Lloyds Banking Group colleagues to aid their development in the financial… Read More