Brex has announced a significant $150 million round at a time when fintech funding has slowed significantly; the round was...
Some UK fintech firms are beginning to look at opening offices in other locations across Europe to appeal to young software engineers; Brexit has hurt the market for software engineers in the UK; while the initial evidence is anecdotal UK fintech companies like Curerencycloud are beginning to feel the pressure; Mike Laven, chief executive of Currencycloud, tells the FT, “We understand passporting, regulation and compliance and it will cost us money, but we will sort that out. To me, the London fintech issue is more around having the right people and having very easy access to that.” Source.
The British High Court ruled on Thursday that Parliament must give its approval for Brexit, creating uncertainty on whether or not the UK will leave the European Union; plans for exiting the EU were to begin in March; the government now has appealed the High Court's decision to the Supreme Court which will consider the appeal in December; if the ruling is upheld speculators believe Parliament would continue with the same sentiment that its voters reported in June. Source
According to new statistics released by the UK’s Insolvency Service personal insolvencies rose by 16.2% in 2018, while more than 16,000...
The latest withdrawal agreement from Theresa May was soundly rejected by Parliament and now uncertainty takes center stage as a...
Property crowdfunding platform Brickowner has completed its first investment for a real estate property in Abbeygate, Chester; their second listing will offer investment in a new housing development; the platform is open to all investors and requires a minimum investment of 100 British pounds ($124.46); it seeks to offer low-risk alternative investments with targeted returns of 8%. Source
Development finance P2P lender Bricks Finance has received Financial Conduct Authority authorization; firm is not planning to launch an innovative finance individual savings account; will instead focus on expanding partnerships with brokers; also announced a new Bricks Bond product for wealth managers and their clients; firm has been lending since May 2015 with loans of more than £5 million ($6.22 million). Source
The UK based online real estate platform raised a £7mn ($9.2mn) series A round led by Berlin Hyp; in addition to the capital infusion Berlin Hyp struck a strategic partnership with BrickVest; the deal will allow BrickVest to continue building their technology, growing their investor network and increase dealflow. Source.
One of the most hotly debated topics of the two-day Innovate Finance (IFGS) conference was whether Britain still has a place on the world stage.
One of the most hotly debated topics of the IFGS conference was whether Britain still has a place on the world stage. ...