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Financial Tech

opportunities

Opportunity for FinTech firms as UK regulator calls for payments reform
posted on July 28, 2016

New opportunities could arise for FinTech firms following the UK payments regulator call for reform. The Payment Systems Regulator (PSR) said today that the UK’s payments infrastructure needed to undergo reform in order to increase competition and to meet consumer requirements. Hannah Nixon, managing director of the PSR, said: ‘We need to future-proof the payments…

revolution

FinTech: Evolution or revolution?
posted on July 24, 2016

What does the future look like for financial services? Will FinTech startups lead the way?  Chris Maule, CEO and co-founder of UK Bond Network, explores. FinTech disruptors versus traditional financial services incumbents – to some, this supposed rivalry resembles that of the battle where the smaller and more agile David slays the large and mighty Goliath. It…

korea

New FinTech Bridge to boost startups’ access to Korea
posted on July 22, 2016

The HM Treasury has announced an agreement that will seek to make it easier for the UK and the Republic of Korea to invest in financial technology. In turn, the new “FinTech Bridge”, announced at the UK-Korea Financial Forum today, will also seek to attract Korean FinTech companies and gain access to investors to the…

MasterCard

MasterCard acquires UK FinTech firm VocaLink for £700m
posted on July 21, 2016

MasterCard Incorporated has acquired 92.4% of payments services company VocaLink Holdings for around £700m.

Santander

Santander InnoVentures to invest further $100m in FinTech
posted on July 18, 2016

Santander InnoVentures has secured a further $100m from Santander Group to invest in minority stakes in financial technology startups.

MarketInvoice

Peer-to-peer finance provider MarketInvoice raises £7.2m
posted on July 18, 2016

Peer-to-peer finance provider MarketInvoice has raised £7.2m in a round led by MCI.TechVentures Fund of MCI Capital Group. The Manchester and London-based business finance intermediary was founded in 2011 and allows small and medium-sized businesses who have outstanding invoices to trade these with institutional investors online in order to gain working capital. Anil Stocker, co-founder…

revolut

Revolut gets £6.75m in round led by Balderton Capital
posted on July 11, 2016

Currency transfer app Revolut has landed up to £6.75m in Series A funding in a round led by Balderton Capital. Silicon Valley-based venture capital firm Ribit Capital, Index Ventures, Point Nine Capital, Venrex and Seedcamp also invested in the round. Daniel Waterhouse, general partner at Balderton Capital, said he was confident that the London-based company…

Lending Works Directors Portraits

Lending Works closes £3m Series A investment round
posted on July 7, 2016

Lending Works, a peer-to-peer lending platform, has closed a Series A investment round, raising £3m. Newcastle-based investor NVM Private Equity contributed £2m to the round.

FinTech Monthly June 2016

FinTech Monthly: TransferGo raises $3.4m, Brexit, Android Pay and more
posted on July 5, 2016

Welcome to FinTech Monthly for June 2016 – your monthly round up of the month’s top financial technology news. This month, we filmed from The Office Group’s space in The Shard. Investments In funding news, international money transfer service TransferGo raised $3.4m in a Series A funding from Vostak Emerging Finance (VEF). TransferGo has expressed the…

Lord Freud

Blockchain tech ‘may not work at scale’ for payments distribution
posted on July 4, 2016

“I do not know at this stage whether blockchain technology will work at scale,” said Rt Hon Lord Freud, minister of state for Welfare Reform, Department for Work and Pensions. Speaking at the Payments Innovation Conference, held in London today, Lord Freud was referring to a report drafted by Mark Walport, chief scientific adviser to…

GIL Europe Luca

The future of FinTech: How tech will transform financial services
posted on June 30, 2016

Established banks and financial players are quickening the pace of innovation in the FinTech space, according to Luca Raffellini, director of business and financial services at Frost & Sullivan. Speaking at the Global Community of Growth, Innovation and Leadership (GIL Europe) conference, held in London today, Raffellini discussed the current state of the UK’s FinTech…

contactless payment

The state of contactless payments in the UK
posted on June 29, 2016

Elliott Goldenberg, head of digital payments at MasterCard UK & Ireland, looks at the state of contactless payments in the UK. Will cash have disappeared in 20 years’ time? Most people in this country believe so according to some research released by London & Partners. Our own data at MasterCard reflects that the UK is…

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tech stats laptop

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acquisition UK

60 seconds with … Nitzan Yudan, co-founder of FlatClub
posted on July 29, 2016

brexit thinking woman

Tech companies: What Brexit means for you
posted on July 29, 2016

TWIT image Emily

Big Health’s £9.15m round, Hailo’s merger with MyTaxi, Yahoo’s acquisition & more in your Week in Tech
posted on July 29, 2016

opportunities

Opportunity for FinTech firms as UK regulator calls for payments reform
posted on July 28, 2016