Tagged: uk

March 28, 2024 @ 8:53 am By Omar Faridi  |  

Clearbank is now a member of the Digital Pound Foundation’s (DPF) community. ClearBank joins the Foundation as “an Associate Member and will take part in the Identity and Privacy and Policy, Legal and Regulatory Working Groups.” As a member, ClearBank will have “the opportunity to… Read More

March 27, 2024 @ 10:35 pm By Omar Faridi  |  

A new £75m equity investment fund for Northern Ireland has been officially launched by fund manager Whiterock to address the need for growth funding in the local market. The Growth Capital Fund expects to “make investments of between £1m and £5m for minority shareholdings in… Read More

March 27, 2024 @ 12:12 pm By Omar Faridi  |  

Lloyds Bank’s latest Business Barometer has found that business confidence remains high, with March’s figures unchanged month-on-month at 42%. In a promising sign of a return to economic growth, this month’s survey data reflects the continued confidence firms “have demonstrated so far in 2024 and… Read More

March 27, 2024 @ 11:56 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) has issued a warning to “Finfluencers” individuals who use social media to promote financial services. While influencers may be a popular source of information, few of these individuals actually have any notable experience within the financial services industry. Yet… Read More

March 27, 2024 @ 11:36 am By JD Alois  |  

Currencycloud says it has signed a global expansion deal with transfer Fintech Paysend. The agreement is said to enable Currencycloud to expand its reach in providing its services. Currencycloud will also be supporting Paysend on the launch of new consumer-facing products during 2024. Paysend is… Read More

March 27, 2024 @ 11:20 am By JD Alois  |  

Artscapy, an art investment platform that reports £150 million in managed art, is nearing its initial funding target on Seedrs. According to the offering page, Artscapy has a funding target of £650,009 at a pre-money valuation of £12.9 million. The company is offering a 4.78%… Read More

March 27, 2024 @ 9:24 am By JD Alois  |  

CapitalRise, a marketplace that enables smaller investors to participate in prime UK property developments, is reporting a £4.9 million loan for a Chelsea property. The financing closed in just four weeks. The funding follows the announcement that CapitalRise has received the backing of an unnamed… Read More

March 27, 2024 @ 8:36 am By Omar Faridi  |  

Inflation is expected to return to its 2% target in the first half of the year, which should pave the way for interest rate cuts from the summer, according to an update from KPMG UK. Interest rates are forecast to fall by 100 basis points… Read More

March 27, 2024 @ 8:34 am By Omar Faridi  |  

Qover, the insurtech firm focused on embedded insurance orchestration, announces its partnership with UK-based credit card Fintech Yonder, offering its members a seamless and comprehensive travel insurance experience. Yonder, a lifestyle credit card with a unique rewards program, claims that it “is elevating the insurance… Read More

March 26, 2024 @ 10:54 pm By Omar Faridi  |  

SmartSearch, a UK provider of digital compliance and anti-money laundering (AML) software, has today announced it has signed an agreement to receive a significant equity investment from Triple Private Equity. With its investment, Triple will now take “a majority share in the business and will… Read More

March 26, 2024 @ 12:00 pm By JD Alois  |  

British Patient Capital is providing an update on its Future Fund program. The entity reports that funds dedicated to early-stage “deeptech” and “life sciences companies” stating that it has invested £111.4 million into 16 companies, alongside £724 million of third-party capital investment since August 2023…. Read More

March 26, 2024 @ 8:54 am By Omar Faridi  |  

NatWest Group has announced a new package of targeted lending and support for UK social housing, aimed at supporting local housing authorities and homeowners alike in the face of ongoing economic pressures. Through a new ambition of £5billion of lending (New funding gross of repayments… Read More

March 25, 2024 @ 8:51 am By Omar Faridi  |  

The number of UK sectors reporting output growth hit a 10-month high in February, with companies indicating rising demand and spreading business optimism, according to the latest Lloyds Bank UK Sector Tracker. In February, 10 of the 14 UK sectors monitored by the Tracker reported… Read More

March 23, 2024 @ 3:48 pm By Omar Faridi  |  

KPMG UK launches the fourth edition of its Financial Services Regulatory Barometer, providing a biannual measure of the regulatory pressure faced by financial services firms in the UK and EU. The latest aggregate Regulatory Impact Score “stands at 7.3 (out of 10), up from 7.2… Read More

March 23, 2024 @ 8:12 am By Omar Faridi  |  

New analysis conducted by the Centre for Economics and Business Research, on behalf of PensionBee, reveals that over £50 billion pounds in hard-earned pensions are at risk of being misplaced in abandoned accounts or scattered across multiple lost pots. The new research estimates that “at… Read More

March 21, 2024 @ 7:45 am By Omar Faridi  |  

The British Business Bank has launched its new Northern Powerhouse Investment Fund II, a £660m fund set to cover the entire North of England. The Northern Powerhouse Investment Fund II (NPIF II), aims to “build on the success of the initial fund, with the purpose… Read More

March 21, 2024 @ 7:39 am By Omar Faridi  |  

UK Fintech Kriya is reportedly advancing £500 million to businesses banked by Barclays. Kriya has commented on their partnership in a new blog post. According to Kriya, a major part of their business success is “down to the organizations they partner with and the merchants… Read More

March 21, 2024 @ 7:37 am By Omar Faridi  |  

Small firms continue to face a challenging macroeconomic environment, as sales growth in the December festive period hit a three-year low, according to the Xero Small Business Insights (XSBI) data from global small business platform Xero – which covers the three months to December 2023…. Read More

March 20, 2024 @ 10:51 am By JD Alois  |  

CapitalRise, an online investment platform focusing on Prime property in the UK, has boosted its funding ability by 50%, according to a statement issued by the firm. While not providing hard numbers, the institutional funding is from an unnamed UK investment manager and is an… Read More

March 20, 2024 @ 9:38 am By Omar Faridi  |  

DNA Payments Group, an omnichannel payments company in the UK and EU, and sunday, a restaurant payment solution, have shared an update. The Fintech firms say that they will jointly exhibit on Stand h1063 at Hotel, Restaurant & Catering, ExCel in London from March 25th… Read More