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London (3)

How could London benefit from a chief data officer?
posted 4 hours ago

Francesco Scarnera is CEO of FinTech consultancy iBe, the new digital and business advisory arm of Be Group. In this article, he discusses Zac Goldsmith’s announcement of a chief data officer to lead a US-style office of data analytics for London. The mayoral race for London is approaching a critical junction, and all candidates are beginning to outline their vision of how they are…

London (2)

London FinTech startup WorldRemit lands $45m in funding
posted on February 10, 2016

London-based money transfer service WorldRemit has landed $45m in new funding from TriplePoint Venture Growth BDC Corp and Silicon Valley Bank. The money, a company statement said, will be used to support the startup’s growth. Having raised $192.7m in funding to date, WorldRemit allows people to send money straight from their smartphone, as opposed to…

UK high street

62% of people ‘would switch their bank account to a FinTech provider’
posted on February 9, 2016

Some 62% of people would consider switching their current account over from a bank to an alternative financial services provider, according to a new survey. The survey,  jointly produced by Personetics and Red Bricks, probed 1,000 UK bank consumers in an attempt to assess their attitudes towards traditional finance institutions and FinTech providers. According to…

pounds

FinTech company Sonovate raises £5m in Series A round
posted on January 28, 2016

Recruitment contract finance provider Sonovate has closed a £5m Series A funding round led by Dawn Capital, with support from DN Capital. The London-based firm also secured an additional £15m in debt funding provided by Shawbrook Business Credit. Sonovate CEO and co-founder Richard Prime said in a statement: “Agencies providing contract solutions have relied on…

everledger

Blockchain startup Everledger wins $10,000 at FinTech Finals 2016
posted on January 27, 2016

London blockchain startup Everledger has won $10,000 in prize money at the FinTech Finals 2016. The startup, which uses distributed ledger technology to track and verify diamonds, was named ‘Best in the Show’ after pitching to professionals from the world of FinTech. The event, held in Hong Kong as part of the StartmeupHK Festival, saw…

tech tour

UK FinTech firms can now apply for a chance to pitch to Europe’s leading VCs
posted on January 21, 2016

UK and European-based FinTech companies can now apply for the Tech Tour and IVC FinTech Summit due to take place in Paris this May. The Tech Tour Selection Committee — consisting of senior business executives across the VC, tech, research and economic sectors — will pick the top 20 most innovative FinTech companies and invite…

e-commerce

Security, speed and simplicity: making e-commerce easy
posted on January 13, 2016

There is a golden rule in e-commerce: make it easy. Customers don’t want to spend hours filling in online forms or be worried about how safe their personal information is because they’ve been redirected to another site before making a payment. They want simplicity, security and speed. But the latest estimates from UK-based research firm…

Network

Payment network Earthport launches Distributed Ledger Hub
posted on January 12, 2016

Cross-border payment network Earthport has launched its Distributed Ledger Hub (DLH), which provides full connectivity into the Ripple payment protocol. The DLH is accessed through Earthport’s Distributed Ledger Gateway, which was announced in August last year, enabling banks to gain access to the benefits of distributed ledger technology through a single API. Through the same…

UK

Digital wealth management firm MoneyFarm to expand to UK
posted on January 11, 2016

Ex-Google senior technical program manager Michele Battelli has joined digital wealth management company MoneyFarm to spearhead its roll-out in the UK. MoneyFarm, which has an existing customer base of 50,000 registered users, uses technology to deliver advisory and discretionary services in the savings and investment space. The firm uses algorithms to create a personalised investment…

London cityscape

15 startups selected for Accenture’s 2016 FinTech Innovation Lab London
posted on January 7, 2016

A total of 15 FinTech startups have been selected to take part in Accenture’s 2016 FinTech Innovation Lab London. The lab, launched by Accenture in 2012, is a collaboration between Accenture and 16 leading financial institutions, including Barclays, Citi, Goldman Sachs, HSBC and JPMorgan. Those selected to take part in this year’s program are: AimBrain, Albert,…

2015

2015: The year of FinTech
posted on December 31, 2015

Anders la Cour, CEO of Saxo Payments provides his perspective on how the FinTech sector has evolved in 2015. I have been tremendously excited to see how the FinTech sector as a whole has moved up to a whole new level this year. And what particularly excites me is the way two particular groups have seemed…

TransferGo

Digital remittance startup TransferGo secures $2.5m in funding
posted on December 17, 2015

Money transfer startup TransferGo has raised $2.5m (£1.7m) for its digital remittance service. The seed round was led by Mark Ransford, former investor at Apax Partners; Voria Fattahi, former investor at Kinnevik; Clive Kahn, former Travelex CEO; and Richard Tudor, former partner at Exponent. Also participating in the round was Practica Capital (VC). TransferGo enables those…

Editor's picks

London (3)

How could London benefit from a chief data officer?
posted 4 hours ago

reading

Reading cybersecurity company gets £3m from Swiss investment firm
posted on February 12, 2016

4H5A6236

Over $120m UK investment, Tech Nation Report, Amsterdam in the spotlight & more in your week in tech
posted on February 12, 2016

students

Property site Student.com gets $60m in funding
posted on February 11, 2016

DNA

11 steps to building the nation’s digital DNA
posted on February 11, 2016

growth

Firms in UK tech sphere ‘outpacing those in other sectors by 32%’
posted on February 11, 2016