Tagged: london

UK Fintech Flagstone, a Cash Deposit Marketplace, Secures $15 Million in Capital via Round led by OMERS Ventures

UK-based Fintech firm Flagstone, a developer of one of the largest cash deposit marketplaces in the country, has secured $15 million (appr. £12 million) in venture capital through a funding round led by OMERS Ventures. Existing investors Kindred Capital and Moneysupermarket Group plc also took… Read More

Wealthtech: UK-based ikigai, Developer of a Wealth Management App, to Work with Regtech Firm TruNarrative to Prepare for Official Launch

UK-based ikigai, the developer of a wealth management and banking app, will be working with TruNarrative, a regulatory technology (Regtech) platform, in order to prepare for its official launch. The Wealthtech firm has taken its name from a Japanese concept or idea which means “a… Read More

Financial Fraud Detection Firm TruNarrative Partners AccountScore, an Analytics Firm, to Add Open Banking Capabilities

TruNarrative, a solution for financial fraud detection, prevention, anti-money laundering (AML), know-your-customer (KYC), behavioral monitoring and identity verification, has teamed up with AccountScore, a London-based analytics firm offering actionable insights and analytics on banking processes. The partnership involves adding open banking capabilities to the TruNarrative… Read More

Insurtech: Sprout.ai, an Insurance Technology Firm that Uses AI and Natural Language Processing, Secures $2.5 Million in Capital

UK-based Sprout.ai, an insurance technology (Insurtech) firm previously called BlockClaim, has secured $2.5 million in capital through its second seed round, which was led by Amadeus Capital Partners. Existing investors Playfair Capital and Techstars also took part in Sprout’s latest investment round. The London-headquartered firm… Read More

Insurtech: Lloyds Chooses 12 Promising Insurance Technology Firms to Take Part in its Accelerator Program, Lloyds Lab

The Lloyds of London has reportedly chosen 12 promising, early-stage Insurtech firms to take part in its innovation accelerator program, called Lloyds Lab. The 12 insurance technology startups were chosen out of over 90 companies that had submitted applications, as they were interested in participating… Read More

COVID-19 Financial Relief: Standard Chartered to Provide $1 Billion in Capital to Companies Fighting Coronavirus

London-based Standard Chartered, a British multinational banking and financial services company with over $700 billion in total assets, has reportedly committed $1 billion in capital to companies that are helping to address the economic challenges due to the Coronavirus (COVID-19). There are now many companies… Read More

Fintech: Lanistar, an Alternative Financial Services Company, Officially Launches After Securing £2 Million in Seed Funding

Lanistar, a new challenger bank, has officially launched its platform after acquiring £2 million in seed funding. Based in Hammersmith, Lanistar reportedly has 45 full-time workers on its payroll. The digital bank plans to add 150 more staff members. The neobank has been founded by… Read More

UK Fintech Glint Pay Says there’s been a 700% Increase in Amount of Gold Purchases via its Platform During Coronavirus Outbreak

UK-headquartered Fintech Glint Pay Services Ltd. has revealed that there has been a 700% increase in the amount of gold purchased on its platform during the coronavirus (COVID-19) outbreak, and resulting economic uncertainty. The global economic instability has negatively affected the world’s equity markets. Glint… Read More

Security Alert: UK Fintech Finastra Experiences Ransomware Attack, Takes Some Servers Offline

UK-based Fintech firm Finastra has reportedly taken some of its servers offline after discovering “potentially anomalous activity” on its computer systems. To quote a statement from Finastra: “During the period immediately prior to March 20th, 2020, the Finastra IT security and risk teams actively detected,… Read More

UK-based Fintech Payhawk, a Corporate Expense Management Solution Provider, Secures €3 Million in Seed Funding

London-based Payhawk, a corporate expense management company, has secured €3 million in seed funding. Founded in Bulgaria, Payhawk’s paperless expense management platform aims to improve the  corporate expense management process. The Fintech firm allows companies to add funds to employee cards and automatically process transactions… Read More

Accuity Acquires UK-based Fintech Apply Financial, which Offers Payment Processing and Validation Services

Accuity recently acquired London-headquartered Apply Financial, a Fintech firm that offers payment processing and payment validation solutions to individuals and companies. Although the amount paid for the acquisition and the other terms of the deal have not been shared publicly, Accuity’s management said that the… Read More

Fintech: UK Records 5.9% Increase in Financial Technology Jobs, Despite Political Uncertainty, New Report Reveals

The overall demand for IT workers in the UK’s Fintech industry has been increasing steadily, despite the political and economic uncertainty in the country. There has been a 5.9% yearly growth in the number of financial technology jobs in the UK. This, according to the… Read More

Traditional Banks and Fintech Firms are More Likely to Work Cooperatively than Compete: Report

The ongoing competition between traditional banks and innovative Fintech firms might be coming to an end or is already over, according to Barclays, a British multinational investment bank and financial services company with over $1.2 trillion in assets. A recent report from the London-headquartered investment… Read More

Leading Financial Trading Technology Firm TradingView Moves Head Offices from New York to London

A leading financial trading technology firm has shifted its business operations from its New York head offices to London. Established in 2011 by three Russian businessmen, TradingView has become the largest online community of private investors in the world, with reportedly more than 10 million… Read More

UK-based Argent, a Digital Asset Wallet Provider, Secures $12 Million in Funding via Series A Round

London-headquartered Argent, a digital asset wallet provider that integrates the services of several decentralized finance (DeFi) platforms, including Maker and Compound, has secured $12 million through a Series A investment round. Argent’s funding round was led by San Francisco-based Paradigm, a leading crypto asset investment… Read More

UK-based Fintech Finastra to Allow Customers to Use Conversational AI-based Retail Banking App

London-based Fintech firm Finastra has revealed that its customers will be able to Active.Ai‘s conversational artificial intelligence (AI)-based retail banking app, which was integrated with the FusionFabric.cloud platform. Active.Ai is now accessible via the FusionStore. Finastra is now offering banks and its credit union customers… Read More

Regtech: Glasgow-based AutoRek Partners with Nationwide to Offer Data Management and Cloud-powered Financial Controls

Glasgow-headquartered AutoRek, a firm that provides financial controls and regulatory reporting software, has teamed up with Nationwide to offer a data management solution and cloud-powered financial controls for a three-year period, with a two-year extension plan. Gordon McHarg, managing director at AutoRek, stated: “I am… Read More

Digital Transformation: Sopra Steria Finalizes Acquisition of cxpartners, a Customer Experience Design Consultancy

Sopra Steria has finalized its acquisition of cxpartners, a customer experience design consultancy firm, in order to expand its lines of products and services in the United Kingdom while placing a high priority on providing the best digital solutions to its customers. The digital transformation-focused… Read More

Simple Health Kitchen’s Crowdcube Round Surpasses £1 Million While Attracting More Than 300 Investors

Simple Health Kitchen, a UK-based restaurant with a mission to make London a healthier place, has successfully raised over £1 million in funding through its equity crowdfunding campaign on Crowdcube. The restaurant launched the funding round last month, originally seeking £750,000.  According to its founders,… Read More

London-based Fintech Freetrade has Rebuilt its Infrastructure to Launch “Invest by Freetrade”

Adam Dodds, CEO and founder at Freetrade, a UK-based Fintech firm that offers a free-to-use investment app that makes it simpler to invest, confirmed on February 29 that the company had rebuilt its infrastructure for investing. Instant orders can be placed on Freetrade’s platform without… Read More

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