Tagged: uk

June 16, 2025 @ 6:01 am By JD Alois  |  

Remittance Fintech LemFi has acquired Pillar. Pillar’s co-founders and Revolut alumni Ashutosh Bhatt and Adam Lewis will join the LemFi team. The terms of the deal were not immediately available. LemFi, founded in 2021, aims to support immigrants. The company reports working with over two… Read More

June 14, 2025 @ 4:15 pm By Omar Faridi  |  

The Financial Conduct Authority (FCA) has recently outlined a transformative agenda to bolster economic growth and enhance the UK’s standing as a leading financial center. Through a combination of regulatory reforms, innovative initiatives, and a rebalanced approach to risk, the FCA is working to create… Read More

June 13, 2025 @ 12:28 pm By Omar Faridi  |  

Yael Selfin, Chief Economist at KPMG UK noted that the rise in pay growth expected to be short lived as labour market “faces headwinds.” Yael Selfin from KPMG UK added that while unemployment rose to 4.4%, it remained “fairly low in the three months to November.”… Read More

June 13, 2025 @ 11:19 am By Omar Faridi  |  

The latest KPMG and REC UK Report on Jobs survey, compiled by S&P Global, pointed to a further reduction in UK recruitment activity in May. Permanent placements fell at a “slightly sharper rate, but the decline in temp billings was the slowest in six months.”… Read More

June 13, 2025 @ 10:25 am By JD Alois  |  

European Fintech Recharge says total sales increased by 39% to €695 million in 2024. This drove top-line revenue to increase by 32% to €73.6 million. The company reports that EBITDA has doubled to €8.1 million, and net profit has reached €7.5 million. Günther Vogelpoel, CEO… Read More

June 12, 2025 @ 4:36 pm By Omar Faridi  |  

World Network continues to make significant strides in its mission to create a globally inclusive digital identity and financial ecosystem. Recent developments, including its launch in the United Kingdom, integration of Circle’s USDC and Cross-Chain Transfer Protocol (CCTP) V2, and advancements in privacy-preserving data practices,… Read More

June 12, 2025 @ 9:20 am By Omar Faridi  |  

Understanding the dynamics of pension investments and the tools available to manage them is crucial for securing a financially stable retirement. Recent insights from PensionBee, an online pension provider, highlight key market trends, practical savings strategies, and significant shareholder engagements that can shape your pension’s… Read More

June 12, 2025 @ 8:18 am By Omar Faridi  |  

NatWest Regional Growth Tracker showed renewed increases in business activity across several parts of the UK, alongside a general revival of firms’ growth expectations for the coming year. The Tracker – which surveyed businesses operating in the manufacturing and services sectors across 12 regions of… Read More

June 12, 2025 @ 7:17 am By Omar Faridi  |  

OakNorth, the digital bank for entrepreneurs, has provided a $20m loan to support the latest acquisition project from Sabal Investment Holdings and 12 North Capital LLC. Founded in 2009, Sabal Investment Holdings is a real estate investment manager “headquartered in Irvine, California and serving institutional… Read More

June 12, 2025 @ 5:19 am By Omar Faridi  |  

Starling Bank customers can now use Artificial Intelligence (AI) to better understand their spending habits. The UK-first feature, called ‘Spending Intelligence’, allows customers to ask questions about their money, such as “How much did I spend on groceries last week?” or ”How much did I… Read More

June 11, 2025 @ 9:41 am By JD Alois  |  

This week, the UK Financial Conduct Authority revealed a new Sandbox, the Supercharged Sandbox, in partnership with NVIDIA, in a move designed to fuel artificial intelligence (AI) growth. The UK has been a trailblazer in creating Fintech sandboxes as a way for innovators to experiment… Read More

June 11, 2025 @ 9:13 am By JD Alois  |  

The Payments Association has asked the Chancellor of the Exchequer, Rachel Reeves, to clarify the position on stablecoins. The Association notes that during her last comment addressing digital assets this past April, it did not include any updates on the stablecoin sector. In November 2024,… Read More

June 11, 2025 @ 8:27 am By JD Alois  |  

Upvest and Webull (NASDAQ: BULL) are working together to offer access to ETFs and stocks for investors. Upvest, based in Germany, is an infrastructure provider enabling clients to leverage a digital platform to offer investment opportunities. Upvest works with well-known names like Revolut, bunq, Mintos,… Read More

June 10, 2025 @ 10:24 am By JD Alois  |  

Seedrs was the platform that successfully created an effective secondary marketplace for securities issued on its platform. A trailblazer in providing liquidity for private securities, the platform scheduled one day a month to open its marketplace to match buyers and sellers. One of the reasons… Read More

June 10, 2025 @ 8:20 am By JD Alois  |  

The Private Intermittent Securities and Capital Exchange System (PISCES) is scheduled to launch later this year. In a statement, the UK Financial Conduct Authority (FCA) announced that the new marketplace would be introduced through a sandbox to test its design. The sandbox is now open,… Read More

June 10, 2025 @ 7:51 am By Omar Faridi  |  

As the UK strives to meet its net-zero targets by 2050, a new report from UK Finance highlights the urgent need for a coordinated strategy to drive demand for green home upgrades. Titled Greening Homes, Creating Growth: Unlocking Demand for Green Home Finance, the report… Read More

June 10, 2025 @ 7:49 am By Omar Faridi  |  

In a key move to capitalize on the booming artificial intelligence sector, Liquidity, a private credit firm specializing in AI-driven ventures, has announced the establishment of its new headquarters in London alongside a substantial £1.5 billion investment plan targeting the UK’s technology landscape. This strategic… Read More

June 10, 2025 @ 7:48 am By Omar Faridi  |  

In a move that may improve the UK startup ecosystem, London-based legaltech firm SeedLegals has acquired The Pitch, a platform that connects early-stage entrepreneurs with investors through lively live events. This acquisition reflects a trend toward integrated support services, blending legal, financial, and networking solutions… Read More

June 9, 2025 @ 8:57 am By Omar Faridi  |  

Lloyds announced a partnership with BNP Paribas to offer its corporate and financial institution clients access to market-leading FX Execution Algorithms (EAs). The partnership will see Lloyds deliver an FX Algorithmic Execution Service supported by BNP Paribas’ edge solutions – “helping clients to execute large… Read More

June 9, 2025 @ 8:43 am By Omar Faridi  |  

UK’s prime property finance platform CapitalRise has solidified its position in the real estate lending market by successfully closing another bespoke development loan. This milestone underscores the company’s expertise in delivering tailored financial solutions to property developers, reinforcing its reputation as a trusted partner in… Read More