Posts Tagged ‘UK’

UK fintech industry fears Brexit-induced talent squeeze

Fintech industry investors and entrepreneurs have vented their concerns at London Fintech Week: with the UK’s imminent exit from the EU,the growing fintech sector is at risk of losing momentum, with access to talent and the continued ability to do business across the EU single market seen as vital. Venture capitalists, which invest hundreds of […]

British Savings & Investment App Moneybox Secures £14 Million Through Series B Funding Round Led By Eight Roads

Moneybox, a UK-based savings and investment app, successfully secured £14 million through its Series B funding round, which was led by Fidelity International’s proprietary investment arm, Eight Roads, with participation from existing investors Oxford Capital Partners and Samos Investments. The latest investment round reportedly brings the total amount raised by Moneybox to 21.3 million. Moneybox mobile […]

FinTech startup Paysend gets $20m to shake up global remittances

UK FinTech company Paysend has raised $20m in a round led by MARCorp Financial. The company also drew support from existing investors. Paysend will use the money to launch new services and to boost its global expansion plans. Launched early last year, Paysend has created a global card to card payment infrastructure in a bid to simplify […]

London fintech delegation reveals deeper Australia-UK tech links

Ten Australian fintech start-ups are in London this week on a trade delegation arranged by the Australian British Chamber of Commerce, a sign of deepening ties between the two nation’s technology scenes. The start-ups in the group are Everproof, Trade Ledger, TRAction FinTech, Adviser Rating, InDebted, CYDARM Technologies, HyperIntel, Airlock Digital, Aleron and Randtronics. The group […]

Irish-founded fintech firm Trezeo kicks off £400,000 campaign

Irish-founded fintech firm Trezeo has kicked off a campaign on crowdfunding platform Seedrs as it seeks to raise more than £400,000 to develop its products. The company, which is focusing initially on the UK market, aims to deliver financial stability to self-employed workers, with an income smoothing business account that will give customers a regular […]

Nationwide launches £50m fintech fund

UK building society Nationwide has joined the fintech venture fund party, putting aside £50 million to invest in promising startups. The mutual will be focussed around seven main themes: house and home; personal data and identity; financial wellness; community and society; banking-as-a-platform; operational efficiency; and new segments. The building society is stressing that it is not […]

Business angels favouring fintech investments

The UK Business Angels Market report, which is published by the British Business Bank, found that 24 per cent of business angels favoured fintech. This put the sector just behind healthcare and life sciences and slightly ahead of software as a service in the areas most sought after. 57 per cent of business angels surveyed are […]

UK FinTech group launches real-time financial data app

A UK-based FinTech group has launched a new data company which will provide access to the company’s real time data resources. Infinian, created by FinTech company Quint Group, will provides data to financial services including data on credit risk, fraud, collections and tracing, and enhancement. According to Sam Colclough, CIO at Infinian, the company’s unique […]

UK workers lose £2.1 billion every year by not claiming expenses, start-up Pleo wants to change that

More than one-third of workers say they never claim business expenses back, and over half say they will not claim unless they are owed more than £5. All of this is to the detriment of UK workers who are losing £2.1 billion every year through unpaid business expenses. The London and Copenhagen-based start-up named Pleo wants […]

Meet the 35 most exciting young entrepreneurs, engineers, and advisors in UK fintech

Fintech is a big business in the UK. The British Treasury has now held two conferences to promote the country’s burgeoning fintech industry on the world stage and the government estimates that the entire sector is worth £7 billion to the UK economy. That’s up from almost nothing a decade ago. Business Insider has covered […]