An index powered by Brismo (formerly AltFi Data) shows that gross marketplace lending in the country grew by £1bn to...
Following the announcement of the Chancellor's mini-budget, the jury remains hung on whether the bold move was a positive one for fintech.
UK-based mobile banking app Monese raised $10 million in funding from Anthemis Exponential Ventures, Korea Investment Partners and STE Capital; funds will be used to expand into continental Europe and to offer new credit and direct debit services; since launching in 2015 the company has signed up 40,000 customers from 179 countries who have made 1.8 million transactions; total dollars transacted is over $180 million. Source
The UK may be leading the pack when it comes open banking adoption, however, it still has a significant amount of work to do according to new research.
London-based neolender Proportunity has announced that it will be adding a zero deposit offering later this year to help people buy homes.
The UK is clearly Europe’s top fintech market and now the city could take on Silicon Valley and China as...
Early last year UK online lender Zopa closed the platform to new investors, they have now re-opened it; investors will be able to invest in both the Core and Plus products, with and without the IFISA; last week Zopa also announced for the first time since 2015 they were raising target investor rates to 4 percent for Core and 4.6 percent for Plus. Source.
Innovative Finance Individual Savings Accounts or IFISAs has the potential to see millions pour into UK P2P lenders from retail investors; Samir Desai, CEO of Funding Circle, tells the FT, “We have done lots of surveys and a huge proportion of the base told us they would like to put all of the money they invest with us through the ISA.”; the IFISAs were approved in April 2016 but the big P2P lenders in the UK have just started to offer them. Source.
Today marks the fourth anniversary of the Payments Services Directive 2 (PSD2) * making open banking a regulatory requirement in the UK
The U.K. HM Revenue & Customs (HMRC) agency opened a consultation on the state of crypto taxation, specifically for DeFi.