Tagged: uk

THIS, UK Foodtech Making Plant-based Meat Alternatives, Raises Over £1 Million via Seedrs

THIS, which claims to be the UK’s “fastest growing” food brand (Feb ’23), making ridiculously meaty plant-based alternative, has secured over £1  million on Seedrs topping its funding target of £750,000. The securities offering has almost a month left in its campaign. THIS is offering… Read More

UK’s PensionBee Announces Proposed US Business Expansion

PensionBee Group plc, an online pension provider, recently announced it has entered into an exclusive, non-binding term sheet “with a large, US-based global financial institution in order to expand into the United States of America.” The US has the world’s largest Defined Contribution pension market,… Read More

UK’s ESProfiler, a Cybersecurity Startup, Reports £2.8M Seed Round

ESProfiler, the British cybersecurity start-up, announces a £2.8 million Seed round, led by Nauta Capital. This milestone builds on the momentum from angel investments received in 2023. Founded to tackle the inefficiencies in enterprise cybersecurity investments, ESProfiler is emerging as a key player in the… Read More

Chancellor of the Exchequer Jeremy Hunt to Reveal Spring Budget, Fintechs Share Opinions

Tomorrow (March 6, 2024), the Chancellor of the Exchequer Jeremy Hunt will reveal the Spring Budget. Will there be tax cuts? Will ISAs be expanded?  Will the inheritance tax go away? We will know soon enough. As there is an election looming, you can expect… Read More

UK’s Digital Bank Monzo Secures $400 Million at $5 Billion Valuation

UK’s challenger bank Monzo has finalized a heavily-trailed $400 million investment round, which has increased the firm’s valuation to $5 billion. The funding round, an incentive for pushing the banking platform towards profitability, was reportedly led by Alphabet-owned Capital G, along with contributions from Google… Read More

Sibstar, a Debit Card and Fintech App for Dementia Patients, Acquires £125,000 from Dragon’s Den

Founder of Sibstar, which is a debit card and app for dementia patients and their families to safely manage their funds, has acquired £125,000 from Dragon’s Den investors Sara Davies and Deborah Maiden. The BBC reality series reportedly sees a number of budding entrepreneurs pitch… Read More

UK Businesses Continued Positive Start to 2024 – Report

Businesses continued their positive start to the new year, Lloyds Bank’s latest Business Barometer has found. The Barometer – which measures businesses’ overall confidence “by assessing their trading prospects and optimism for the economy – found that while overall confidence dipped slightly to 42%, businesses… Read More

UK’s FullCircl, a Platform Removing Regulatory and Verification Roadblocks, Introduces Orchestration Platform

FullCircl, a UK-based SaaS platform that removes the regulatory and verification roadblocks to drive revenue growth, is excited to announce the launch of its first white label orchestration platform through W2 by FullCircl to help regulated businesses onboard more customers and meet regulatory requirements. It’s… Read More

UK Fintech TangoPay and Currencycloud to Improve Remittance Services

Currencycloud, the Fintech firm focused on simplifying business processes in a multi-currency environment, has teamed up with UK-headquartered Fintech company, TangoPay to improve its remittance service for its UK-based expat clients. This enhancement will be achieved by introducing real-time competitive foreign exchange (FX) rates along… Read More

ClearBank, the Enabler of Embedded Banking Services, Appoints Emma Hagan as CEO of UK Operations

ClearBank, the enabler of secure accounts, real-time clearing and embedded banking for financial institutions, announced that Emma Hagan has been appointed CEO of ClearBank UK, and will take up the role following regulatory approval. Hagan brings a wealth of banking experience “to the role, having… Read More

Access to Capital: British Business Bank Says Bank Lending Declined in 2023, Equity Capital Down Too

Research conducted by the British Business Bank reports that bank lending dropped in 2023, delivering an amount similar to 2016. At the same time, equity capital in smaller firms cratered to levels near those in 2020. When looking more closely at private equity financing, 2023… Read More

UK Cryptoasset Business Council Adds Clear Junction as Member

Cross-border payments firm Clear Junction has joined the UK Cryptoasset Business Council (UKCBC). The UKCBC advocates on behalf of the digital assets/crypto sector in the UK. According to a note from the UKCBC, crypto is at a key inflection point due to MiCA, and ETFs,… Read More

British Business Bank Is Launching £400M Midlands Engine Investment Fund II

The British Business Bank is launching its £400 million Midlands Engine Investment Fund II, unlocking additional funding to help smaller businesses in the Midlands prosper and thrive. The fund will drive sustainable economic growth “by supporting new and growing businesses across the whole of the… Read More

UK Fintech Volt Approved to Operate as a E-Money Platform

Volt is the next Fintech to be approved by the UK Financial Conduct Authority (FCA) to be approved as an E-money service provider. Currently, Volt provides real-time payments. Frequently, once a platform is an E-money institution (EMI) they may offer additional financial services. Volt states… Read More

UK’s Smart Pension and Wahed Introduce Diversified Workplace Pension

Smart Pension, one of the UK’s workplace pension providers, and Wahed, an Islamic digital investment platform, have launched a new diversified workplace pension, the Halal Workplace Pension. The collaboration meets the unmet demand for modern, Shariah-compliant workplace pensions from Muslim employers and “among the UK’s… Read More

Vencora UK Announces Acquisition of CREALOGIX Holding AG

Vencora UK Ltd announced the settlement of its public tender offer for all publicly held registered shares of CREALOGIX Holding AG with “a nominal value of CHF 8.00 each. The Offer was completed successfully on February 21, 2024.” The acquisition of CREALOGIX “is expected to… Read More

UK Financial Conduct Authority Promotes the Benefits of Savers Switching to Higher Savings Rates

UK consumers can take advantage of savings rates of more than 5%, yet some remain stuck at financial institutions that offer far lower returns. After publicly chastising firms that fail to pass on higher rates to savers, the UK Financial Conduct Authority is now launching… Read More

UK Financial Conduct Authority AIms to Provide More Transparency, Speed in Enforcement Cases

The UK Financial Conduct Authority (FCA) says that going forward, it will strive to provide more transparency in enforcement cases. At the same time, enforcement cases are expected to be resolved more rapidly. For cases where “no outcomes are achievable,” these will be closed more… Read More

Enfuce Approved for E-Money Licence in UK, Boosts Corporate Bench

Finland-based Enfuce, a card issuer and payment processor, says it has been approved to operate in the UK with an E-money license (EMI). Frequently, Fintechs in the UK will leverage the license to provide more banking services. The company says this is a key moment… Read More

iwoca and Business Account Provider Countingup to Provide Flexible Loans

iwoca, which claims to be one of Europe’s largest SME lenders, announces a partnership with business account provider Countingup to make business finance available to almost 10,000 of Countingup’s users at the touch of a button. Building on Countingup’s suite of built-in finance, accounting and… Read More

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