Posts Tagged ‘UK’

UK’s Green Fintech Challenge

The UK’s Financial Conduct Authority has launched its Green FinTech Challenge. Firms that require specific regulatory support are invited to apply. The Challenge will provide support to a selection of firms developing innovative products and services to assist in the UK’s transition to a greener economy. It is open to start-ups, incumbents and technology providers. Successful […]

UK Retail Banks Draft FinTech Alliance Guidelines

Top U.K. banks and fintech firms have worked together to create a set of guidelines to improve the relationship between FinTech startups and financial institutions. The new guidelines, developed by the British Standards Institution, aim to address issues that interfere with FinTech firms and banks forming alliances. The U.K. banks that put them together includes […]

London-based fintech startup Sharegain increases total funding amount to €10.5 million and rolls-out first Securities Lending platform

The UK-based fintech startup Sharegain, whose securities lending platform allows any investor to generate revenue through loaning out their financial assets, has raised a total of $12 million (including $5 million in the latest round) to support the roll-out of its platform to private banks, online brokers and robo-advisers, as well as scaling up its […]

Trendy challenger bank Monzo is Britain’s latest unicorn startup

Banking startup Monzo became the latest UK firm to reach coveted unicorn status after a secured a £85 million funding round, giving it a valuation of £1 billion (or $1.3 billion). In total, the company has raised almost £192 million from a swathe of top-tier investors, including Stripe, Accel Ventures, and General Catalyst. Monzo plans to use […]

British fintech startup Futrli raises £4 million for its small business-focused platform

Brighton-based startup Futrli that has built a financial forecasting and reporting platform for small businesses has raised £4 million in its first round of funding from e.ventures, Notion Capital, and firstminute Capital. Futrli’s platform integrates with financial and accounting tools already used by the customers, including Excel sheets, to provide small businesses with reports and forecasts […]

83% of Brits unsure about fintech, says TopLine study

A recent study by TopLine Comms has found that 83% of people in Britain are “unsure” of using fintech, despite its growth in recent years. Many of the surveyed 2,000 UK consumers choose not to trust the sector for a few reasons; just under a third (27%) cited a lack of understanding of it in comparison […]

BBVA and Anthemis to open startup incubator in London

BBVA bank has partnered with FinTech investor Anthemis to build a venture creation studio in London. The aim of the studio is to act as a space for FinTech entrepreneurs to come and build innovative businesses. Both BBVA and Anthemis intend to help startup founders find FinTech business opportunities, initiate projects, and see them develop from […]

Freetrade Review: A Challenger Stock Trading App Built For The Instagram Age

Founded back in 2015 by CEO Adam Dodds and funded largely through crowdfunding, Freetrade has launched its colorful stock trading smartphone app in Britain to let anyone buy and sell stocks and ETFs. While a traditional online stockbroker like Hargreaves Lansdown charges £11.95 ($15.49) for a one-off trade, Freetrade boasts zero-fee investing and takes no commission on […]

UK FinTech firm Funding Circle debuts on London Stock Exchange

Peer-to-peer lending platform Funding Circle opened for trading on the London Stock Exchange today, raising £300m in primary proceeds, with a valuation of £1.5bn. Founded in the UK, Funding Circle has facilitated more than £5bn in loans to over 50,000 SMEs from 80,000 investors in the UK, US, Germany and the Netherlands. The company is trading […]

Funding Circle cuts price range for London IPO

Funding Circle, the peer-to-peer lending platform that connects small businesses seeking credit with private and institutional investors willing to lend to riskier borrowers for potentially higher returns, has cut the maximum valuation it is seeking in its upcoming stock market flotation, which is viewed as a test for UK investors’ appetite to back alternative lending […]