Tagged: london

December 21, 2023 @ 9:36 am By Omar Faridi  |  

International money transfer provider, Atlantic Money, has compared purchase prices in various random samples across currencies and borders, “uncovering unnecessary extra costs consumers often unwittingly pay.” Focusing on luxury items to demonstrate the impact, Atlantic Money has reportedly “analyzed the same listings for pound and… Read More

December 15, 2023 @ 7:55 am By Omar Faridi  |  

Meniga, a firm focused on personal finance management solutions, which has delivered work for large banks and financial institutions, announced that it has raised €15 million in Series D funding. The new investment round has “included European banks, Groupe BPCE and Crédito Agrícola, and the… Read More

December 13, 2023 @ 9:41 am By Omar Faridi  |  

Growth of the UK economy in November was reportedly centered on London, according to the latest NatWest Regional PMI survey. Inflationary pressures were also strongest in the capital, “with firms there recording the steepest rises in both input costs and average prices charged for goods… 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

November 26, 2023 @ 10:31 pm By Omar Faridi  |  

Quantile and LCH ForexClear, both LSEG Post Trade businesses, announced they have delivered the market’s first FX Smart Clearing service. The service, which went live “on 15th November, enables participants to selectively clear FX Forwards via LCH ForexClear to significantly reduce capital requirements and counterparty… Read More

November 16, 2023 @ 6:22 am By Omar Faridi  |  

Manulife Investment Management has signed an agreement to acquire multi-sector alternative credit manager CQS. Upon completion of the transaction, Manulife Investment Management will “acquire the CQS credit platform and the CQS brand.” The acquisition of London-based CQS will “give the clients of both Manulife Investment… Read More

November 15, 2023 @ 8:33 am By Omar Faridi  |  

Investment platform Lightyear announces the launch of Spanish stocks. Lightyear has connected with Madrid and Barcelona stock exchanges in order “to offer Spanish investors the chance to buy into the IBEX 35, where 35 of Spain’s biggest companies are listed.” Recent data shows that investment… Read More

October 31, 2023 @ 10:28 am By Omar Faridi  |  

Despite a challenging economic environment, 101 new businesses were created every hour across the UK in the first half of 2023, according to research by iwoca – one of Europe’s largest small business lenders. Analysis of Companies House data reveals “that over 436,000 businesses were… Read More

October 26, 2023 @ 11:10 pm By Omar Faridi  |  

UK’s “greener” digital bank Tandem has committed to a new office in London, “reconfirming its commitment to the UK’s fintech capital.” The new site, located in 10 Bloomsbury Way, London WC1A 2SL “offers an excellent location with facilities and infrastructure, enabling Tandem to add yet… Read More

October 19, 2023 @ 8:10 am By Omar Faridi  |  

Oru Space, a firm which focuses on supporting coworking, wellbeing, food and events, while nurturing an ecosystem of inclusive, vibrant community, across multi-faceted, accessible and dynamic spaces, has raised £454,849 of its £450,000 target from 161 investors (at the time of writing) through its crowdfunding… Read More

October 11, 2023 @ 8:21 am By Omar Faridi  |  

UnaFinancial, a Singapore-headquartered Fintech group (previously known as Robocash), has teamed up with Velexa, a UK-based wealthtech firm, in order to introduce a digital investing platform in the UAE. UnaFinancial and Velexa revealed that the collaboration aims to leverage Velexa’s expertise in investment tech and… Read More

October 6, 2023 @ 8:39 am By Omar Faridi  |  

Tracxn, a global SaaS-based market intelligence platform, has released its Geo Quarterly Report: FinTech UK – Q3 2023. The report, based on Tracxn’s extensive database, provides insights into the UK FinTech space. The UK Fintech startup ecosystem “ranks third in terms of overall funding, after… Read More

October 1, 2023 @ 5:26 pm By Omar Faridi  |  

According to research by London-based Nickel Digital Asset Management, Europe’s regulated digital assets hedge fund manager founded by alumni of Bankers Trust, Goldman Sachs and JPMorgan, institutional investors “are confident Bitcoin and Ethereum will sustain their strong performance for the rest of this year.” The… Read More

September 29, 2023 @ 8:40 am By Omar Faridi  |  

Capital on Tap, the Fintech company which says it is focused on democratizing small business funding, opened the London Stock Exchange market recently in order to mark the launch of its £250 million securitization facility. The securitization, called London Cards No.1, is reportedy among the… Read More

September 29, 2023 @ 8:34 am By Omar Faridi  |  

Elliptic – the global leader in cryptoasset risk management – is partnering with MaiCoin and MAX Exchange, which are both integral platforms of MaiCoin Group in Taiwan. The collaboration will further MaiCoin Group’s commitment “to advancing digital assets into the mainstream, while providing its clientele… Read More

September 18, 2023 @ 10:11 pm By Omar Faridi  |  

Despite a challenging economic environment, 101 new businesses were created every hour across the UK in the first half of 2023, according to research by iwoca, one of Europe’s small business lenders. Analysis of Companies House data reveals “that over 436,000 businesses were registered in… Read More

September 8, 2023 @ 8:46 am By Omar Faridi  |  

A market report shared with CI reveals that UK hiring activity has slowed down, with London set to lose another name. As noted in the update: FTSE 100 opens marginally higher, reports show UK hiring activity slowed in August Competition probe wipes hundreds of millions… Read More

September 3, 2023 @ 4:59 pm By Omar Faridi  |  

Zodia Custody, which claims to be a leading institution-first digital asset custodian whose shareholders include Standard Chartered, SBI Holdings and Northern Trust, has recently appointed Jonathan Hugh as “the firm’s new Chief Financial Officer, effective immediately.” As part of his role, Jonathan will be “responsible… Read More

August 27, 2023 @ 10:23 am By Omar Faridi  |  

Global assurance partner, LRQA, has announced the appointment of Ian Spaulding as its new Chief Executive Officer (CEO), “effective from 1 September 2023.” Current CEO, Paul Butcher, has decided “to step down and will support the organization in an advisory capacity to the board.” LRQA’s… Read More

August 24, 2023 @ 9:59 pm By Omar Faridi  |  

Datasite, an SaaS-based technology provider for global mergers and acquisitions (M&A) professionals, has completed the acquisition of MergerLinks, a London-based financial data platform used by finance professionals to find deal information, promote credentials and connect with investors, companies, and advisors for capital transactions. The acquisition… Read More