Tagged: uk

BBVA Set to Invest As Much As $150 Million in Propel Venture Fund

  BBVA announced on Tuesday it plans to invest as much as $150 million in new capital to support Propel Venture Partners (PVP), bringing its total commitment to over $400 million, including its previous investment in 2016. BBVA reported that this announcement builds on the… Read More

RateSetter Sells Loan Portfolio to Metro Bank

RateSetter, a leading UK based peer to peer lender, announced on Tuesday that Metro Bank is purchasing its loan portfolio in line. RateSetter reported that Metro Bank has been funding all-new consumer lending following the RateSetter acquisition, which took place in September 2020. “Today’s announcement… Read More

Fintech Curve Adds Former Samsung Executive to Board of Directors

Curve, a UK based Fintech providing banking services, has named Cuong Do as an independent Board director, according to a note from the company. Do was most recently President of the Samsung Global Strategy Group, where he was responsible for developing and executing enterprise-wide strategy and… Read More

Digital Banking Platform Revolut Explains why Cyber Insurance has Become Necessary for Internet Firms with Cyberattacks on the Rise

Public liability, professional indemnity and employers liability are no longer adequate when it comes to protecting your company or business. But there are certain covers available that could secure your company further, according to a blog post published by Revolut. The leading digital banking platform… Read More

UK’s PensionBee, an Online Pension Provider, Now Added by Starling Bank to its Business Marketplace (for Sole Traders)

UK’s PensionBee, an online pension provider, had introduced a new product, allowing self-employed savers to easily set up a pension “from scratch.” Its reportedly an offering that may work quite well for sole traders, which is why Starling Bank confirmed that it has added PensionBee… Read More

Update: Bitstocks’ Equity Crowdfunding Campaign Nears £875,000 During the Final Week on Crowdcube

    Bitstocks, a UK-based bitcoin market advisory and cryptocurrency investment firm, has successfully secured nearly £875,000 through its equity crowdfunding campaign on Crowdcube. The funding round launched last month and quickly secured its initial £500,000 funding target. More than 1290 Crowdcube investors have invested… Read More

Update: Hybrid & Electric Car Developer Carverter Surpasses £2.3 Million in Funding Through Seedrs Campaign

Carverter, a UK-based company that enables customers to find & lease the perfect hybrid or electric vehicle (EV), has successfully secured more than £2.3 million through its equity crowdfunding campaign on Seedrs. The funding round, originally sought to raise £2 million, has already attracted 240 Seedrs investors.  As… Read More

Kraken Adds Trading for FLOW Tokens, which Support Blockchain Platform from Dapper Labs for Games, NFTs

Digital asset exchange Kraken has confirmed that it has added support for Flow (FLOW) trading which was introduced on Wednesday (January 27, 2021) at around 15:30 UTC. At the time of the launch, only FLOW tokens that had been earned via staking rewards were tradable…. Read More

Open Banking Services being Used by Over 2.5 Million UK Consumers and Businesses to Complete Payments: Report

Banking Circle, a financial infrastructure developer, notes that only a month into the new year, and partnerships are already beginning to emerge as “a strong theme underpinning the future of the industry.” Banking Circle also confirmed that they’ve teamed up with global provider of local… Read More

London Stock Exchange Group Partner Platform to Add Decentralized Capital Market, AllianceBlock

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

Update: UK Liquid Cooled Computing Startup Comino Set to Close Seedrs With More Than €915,000 in Funding

  Comino, a UK-based liquid-cooled computing startup, is set to close its equity crowdfunding campaign on Seedrs with more than €915,000 secured. The funding round, which made its debut last month, originally sought to raise a minimum of €750,000. As previously reported, Comino offers professional… Read More

Open Banking Implementation Entity or OBIE Introduces its Variable Recurring Payments and Sweeping Consultation Phase II

The Open Banking Implementation Entity (OBIE) has introduced its variable recurring payments and sweeping consultation phase II. The OBIE, which was created by the UK’s Competition and Markets Authority, recently released its response and has made revisions to its proposals following the initial phase of… Read More

NatWest Announces Additional £1 Billion to Help UK-Based Female-Led Business During the COVID-19 Pandemic Recovery Efforts

  UK banking group NatWest announced on Thursday an additional £1 billion in funding to help support female-led businesses in the UK recover from the COVID-19 pandemic. NatWest reported that the goal is to ultimately help female entrepreneurs to scale and grow and builds on the… Read More

Bank of England Payments Policy Team Head Cordelia Kafetz to Join UK’s Digital Bank Starling as Head of Financial Risk

Cordelia Kafetz, who was responsible for helping to launch Bank of England’s (BoE) Fintech hub in 2018 and has also served in key roles as part of the Payments Policy Team, has reportedly decided to join UK’s digital bank Starling. Starling Bank has confirmed that… Read More

UK Fintech App Dozens to Work with Open Banking Provider Bud to Give Easy Access to Services without Doing Full KYC

UK-based banking challenger app Dozens will be working with Open Banking provider Bud in order to give prospective clients access to some of its services without having to fully complete the sign-up process (which may be more time-consuming). Dozens provides users various analytics and budgeting… Read More

UK Financial Conduct Authority Confirms that 50% of Firms are Now Using RegData for Regulatory Reporting

Approximately half or 50% of companies that have previously submitted their regulatory reporting on the UK Financial Conduct Authority’s (FCA) Gabriel systems are now using RegData, the regulator recently confirmed. According to the FCA, RegData is central or key to their overall data strategy which… Read More

Beam and Nuapay Partner on Ecommerce Payments for WooCommerce users

Payment solutions provider Nuapay has partnered with Beam to provide open banking payments to its clients on WooCommerce. Nuapay reports that after a successful pilot, the Beam service is available now to almost 100,000 websites using WooCommerce to sell goods and services in the UK…. Read More

JP Morgan Commits £500 Million to LendInvest and Future Loan Originations

LendInvest, a top UK based Fintech in the property finance sector, has received a compelling commitment from global banking giant JP Morgan. According to LendInvest, JPM has committed £500 million for future loan originations via LendInvest. This investment follows the sale of a £125 million… Read More

Following Crowdcube Success, EverUp Launches Prize-Linked Savings Mobile App

  Less than a month after securing £478,889 through its equity crowdfunding campaign on Crowdcube, EverUp has officially launched its prize-linked savings mobile app. As previously reported, EverUp’s mission is to turn saving money and generally good financial habits from a delayed gratification into a instant gratification… Read More

Fintech Funding: 13 $100 Million+ Mega-Rounds worth $2.7 Billion (in total) Completed by Fintechs so far in 2021

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

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