Tagged: london

January 30, 2021 @ 7:14 pm By Omar Faridi  |  

AllianceBlock, the first “globally compliant” decentralized capital market, has entered into an agreement to join the London Stock Exchange Group’s (LSEG) Partner Platform. According to a release shared with CI, the Partner Platform will provide institutional members “the ability to have direct market access” to… Read More

January 28, 2021 @ 8:15 am By Omar Faridi  |  

This month (January 2021) has already been huge in terms of Fintech fundraising, with notably 13 mega-rounds valued at $100 million (or more) having been completed to start off the new year. These companies have acquired approximately $2.746 billion in capital. This figure does not… Read More

January 23, 2021 @ 8:31 pm By Omar Faridi  |  

Tradeteq, a company that offers an AI-enhanced collaborative network for trade finance investors and originators to connect, interact, and transact, has finalized its $9.4 million Series A investment round from a group of US-based tech investors. Tradeteq has now raised over $16 million since it… Read More

January 23, 2021 @ 9:16 am By Omar Faridi  |  

Dhana Kaneshayogan notes that in January 2020, he had joined the Governance, Infrastructure and Networks team (GIN) at UK-based Fintech firm TransferWise. Kaneshayogan confirmed that the team offered other platform teams the interfaces and tooling to develop compute resources by using “best practices and standardized… Read More

January 20, 2021 @ 8:46 pm By Omar Faridi  |  

Fintech firm Plaid is reportedly planning to more than double its Europe-based workforce in 2021, despite having to back out of a potential deal to be acquired by payments giant Visa (due to US antitrust issues). The financial technology firm appears to be taking the… Read More

January 5, 2021 @ 8:00 am By Omar Faridi  |  

Erik Kaju, Director of Engineering, Cards and Spend at Fintech firm TransferWise, notes that after the introduction of the money transfer service’s debit Mastercard back in 2018, they’ve taken the card to more than 30 countries on four different continents. TransferWise claims that more than… Read More

January 3, 2021 @ 12:55 pm By Omar Faridi  |  

Fintech companies are reportedly urging the UK’s Financial Conduct Authority (FCA) to “break” banks during 2021. A group of London-based startups is asking the FCA to look into ending the control and dominance of traditional banking institutions, specifically their use of consumer data. The companies… Read More

December 22, 2020 @ 10:37 pm By Omar Faridi  |  

IPGL, the private investment firm that’s managed by Michael Spencer, the Founder and former chief executive at Icap and NEX, has reportedly invested in London based Tradefeedr, a trade analytics solution provider. Spencer remarked: “Tradefeedr is a really promising financial technology business, with the right… Read More

December 19, 2020 @ 2:47 pm By Omar Faridi  |  

Object Astra, a sweat equity platform intended for individuals who may have been furloughed or layed off during the COVID-19 pandemic and founded by former JPMorgan professionals, has officially launched operations in the United Kingdom. The Object Astra team states: “[We offer a] Platform to… Read More

December 12, 2020 @ 4:43 pm By Omar Faridi  |  

The developers of Aave, an open-source and non-custodial decentralized finance (DeFi) protocol for earning interest on digital asset deposits while also being able to borrow assets, recently noted that as part of the platform’s focus on security and transparency, the Aave Genesis team will be… Read More

December 12, 2020 @ 12:59 pm By Omar Faridi  |  

After finalizing a $44 million investment round, UK’s AI-powered personal finance chatbot provider Cleo is asking its customers how it should spend its funds. Cleo’s round was led by EQT Ventures along with participation from existing investors such as Balderton Capital, LocalGlobe and SBI. Established… Read More

December 11, 2020 @ 8:18 am By Omar Faridi  |  

The United Kingdom has maintained its status as a major global Fintech hub. But will the country be able to capture a significant share of the world’s financial technology business after Brexit and can it retain its dominant status despite the challenges created by the… Read More

December 10, 2020 @ 7:49 am By Omar Faridi  |  

Fintech Unicorn TransferWise is reportedly planning to recruit 750 additional workers in the coming months. These new hires would be equivalent to over a third of the online money transfer service’s existing team of professionals. This latest announcement has come after quite a successful period… Read More

December 9, 2020 @ 7:39 am By Omar Faridi  |  

Prominent digital bank Revolut, which was last valued at around $5.5 billion, has reportedly managed to break even for the month of November 2020. Fintech Unicorn Revolut’s revenues had dropped as much as 40% when awareness about the Coronavirus pandemic began to spread back in… Read More

December 8, 2020 @ 10:39 pm By Omar Faridi  |  

Snowdrop Solutions Ltd. has teamed up with digital payments giant Visa in order to offer innovative location-enriched services to banking institutions and other financial services providers based in the Asia Pacific (APAC) region. Through the partnership, both companies aim to allow millions of consumers to… Read More

December 4, 2020 @ 7:29 am By Omar Faridi  |  

John Goodall, CEO at Landbay, a UK-based digital buy-to-let finance platform, has noted that the property market may have benefited from the stamp duty holiday. Goodall, an Imperial College London and Durham University graduate, says that he won’t be too surprised if the tax break… Read More

December 1, 2020 @ 7:32 pm By Omar Faridi  |  

London-based CoinShares, a company that aims to expand access to the digital asset ecosystem while serving as a trusted partner for its clients, has noted that the Bitcoin (BTC) price has been closing-in on the “very psychological” all-time-high (of nearly $20,000) “coupled with momentary fears… Read More

November 29, 2020 @ 4:12 pm By Omar Faridi  |  

Paxful, a leading peer-to-peer cryptocurrency marketplace, recently published the results of a survey performed with assistance from OnePoll on “the state of the financial climate” in the UK. As noted in a blog post by Paxful, sentiments include recent notions about the country’s traditional banking… Read More

November 29, 2020 @ 3:11 pm By Omar Faridi  |  

Amadeo Pellicce, Product Manager at Blockchain.com, a leading crypto wallet provider and blockchain explorer service, notes that last year, they had teamed up with digital asset firm CoinShares to introduce DGLD, a crypto-asset representing allocated physical gold that’s kept securely in a Swiss vault. Pellicce… Read More

November 23, 2020 @ 8:08 am By Omar Faridi  |  

Four peer to peer lending platforms were recently ranked among the United Kingdom’s fastest-growing tech firms. Big Four auditing company Deloitte’s UK Fast 50 list ranks tech companies based on their overall revenue growth over the last 4 years. As stated on the accounting firm’s… Read More