Tagged: united kingdom

November 28, 2024 @ 8:55 am By Omar Faridi  |  

Neeraj Baid, Co-founder and CEO of Atlantic Money, noted that his firm has been acquired by Deel, the all-in-one payroll and HR platform for global teams. Baid also mentioned that when they launched Atlantic Money two years ago, their goal was to create the world’s… Read More

November 27, 2024 @ 11:11 am By JD Alois  |  

The British Business Bank says it has launched the ENABLE Funding (CEF) program that aims to increase funding to the social impact sector. The Bank states that the initiative is primarily seeks to assist Community Development Financial Institutions (CDFIs), and is expected to provide a… Read More

November 27, 2024 @ 10:56 am By JD Alois  |  

The UK initially expected to reveal new rules to manage the burgeoning stablecoin sector of digital assets this year. In recent days, the UK government revealed that stablecoin rules were being pushed back until 2025, but the change will incorporate broader regulations that will enable… Read More

November 27, 2024 @ 10:26 am By JD Alois  |  

OpenTrade has closed on a $4 million “Seed extension round” as it seeks to build out real-world asset-backed lending and stablecoin yield products. The funding was led by AlbionVC, with a16z Crypto and CMCC Global returning as investors. OpenTrade explains that its services aim to… Read More

November 26, 2024 @ 4:35 pm By Omar Faridi  |  

iwoca, one of Europe’s SME lenders, announces access to a £500,000 fund to help small businesses and employees build skills in artificial intelligence (AI) and data analytics. Teaming up with learning provider Multiverse, iwoca can now transfer half of its unused apprenticeship levy (~£250,000) to… Read More

November 26, 2024 @ 11:48 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) says ownership of crypto is on the rise in the country. According to the securities regulator, 12% of UK adults hold digital assets, an increase from their previous study when 10% reported holding crypto. The FCA says that awareness… Read More

November 26, 2024 @ 10:09 am By JD Alois  |  

UK Secretary to the Treasury Tulip Siddiq now expects stablecoin rules to emerge next year. Originally, stablecoin regulations were on the calendar for 2024. Bloomberg reports that the delay is due to the change in government, and the new Labour leadership needs more time. Simultaneously,… Read More

November 26, 2024 @ 8:53 am By Omar Faridi  |  

Eurobank has announced that it expanded its strategic partnership with UK-based Plum Fintech Limited by advancing a second €5 million minority capital investment to Plum, which claims to be one of Europe’s fastest-growing fintechs that has built a “smart money management” app. With its latest… Read More

November 25, 2024 @ 9:04 am By Omar Faridi  |  

Modulr, an embedded payments platform, announces its acquisition of Nook, an innovator in accounts payable (AP) automation. Both companies said they aim to address inefficiencies, remove manual steps and improve the overall security of making business payments. These are significant concerns, as highlighted by Modulr’s… Read More

November 23, 2024 @ 5:57 pm By Omar Faridi  |  

Wirex, a Web3 money app, is pleased to announce a global alliance with Banking Circle, a provider of innovative banking services. This collaboration is expected to significantly enhance Wirex’s financial operations across the globe, empowering users with seamless banking solutions. Under the partnership, Banking Circle… Read More

November 23, 2024 @ 5:41 pm By Omar Faridi  |  

Revolut has revealed its 2025 vision, with AI assistant, mortgages, and ATMs reportedly on the horizon. Revolut co-founders Nik Storonsky and Vlad Yatsenko took to the stage at the company’s The Revolutionaries event in London in order to mar 50 million Revolut customers and share… Read More

November 22, 2024 @ 8:46 am By JD Alois  |  

The Bank of England and the Financial Conduct Authority (FCA) have jointly published a report indicating that 75% of financial firms already use artificial intelligence (AI). AI rocketed to public perception following the release of ChatGPT. Consumer development of AI fueled a need for all… Read More

November 21, 2024 @ 10:47 am By JD Alois  |  

Revolut is one of the biggest Fintech success stories in the UK. The digital bank launched in 2013 with a vision to reimagine banking and today reports more than 50 million customers worldwide. In its earliest days, Revolut leveraged online capital formation to raise money…. Read More

November 21, 2024 @ 8:07 am By JD Alois  |  

The private securities market is hot. This market is far larger than public markets as excessive regulation and policies that lack foresight have undermined public markets, pushing activity away.  Reg D issuance is measured in the trillions, and some of these issuers are for private… Read More

November 21, 2024 @ 7:12 am By Omar Faridi  |  

KPMG UK has shared insights following the latest inflation figures. Yael Selfin, Chief Economist at KPMG UK comments on inflation data by noting that headline inflation rises above “target with upward risks to the outlook on the increase” Selfin from KPMG UK added that while the rise… Read More

November 20, 2024 @ 2:08 pm By Omar Faridi  |  

Payhawk, a spend management solution, announced it selected JP Morgan Payments, to improve its payment services for enterprise customers in the UK. Payhawk notes that has worked closely with JP Morgan Payments to enhance its global payment services for enterprise clients. Payhawk expects to enable… Read More

November 20, 2024 @ 8:21 am By JD Alois  |  

The British Business Bank reports that its Growth Guarantee Scheme has now supported more than £250 million of finance to smaller firms. The plan is the successor to the Recovery Loan Scheme. The program provides access to various products like term loans, asset financing, and… Read More

November 19, 2024 @ 8:51 am By Omar Faridi  |  

Wealth intelligence provider, 1fs Wealth, has announced a  partnership with, Apex Group, a financial services company, that will see the group’s clients benefiting from the digital wealth management solutions. Based in London, 1fs Wealth’s AI-powered platform enables wealth owners to consolidate their assets, “control risk,… Read More

November 18, 2024 @ 10:03 pm By Omar Faridi  |  

UK’s digital bank Zopa reportedly intends to double profits this financial year as it potentially prepares for a 2025 current account launch. Digital bank Zopa is reportedly on track to significantly increase profits and boost yearly revenue by over a third this financial year due… Read More

November 18, 2024 @ 11:54 am By JD Alois  |  

Revolut UK CEO has posted that it has been approved for stock trading as the UK Financial Conduct Authority (FCA) has approved a trading license. Francesca Carlesi stated on a blog post: “Today [marks] another important milestone here at Revolut, as our UK trading business… Read More