Businessagent.com is seeking to raise between 200,000 British pounds and 750,000 British pounds through a fundraising campaign on Angels Den; the platform currently aggregates and facilitates equity crowdfunding and debt financing; the firm plans to use the funds to improve user data, expand its broker and sales team, build new relationships and develop a secondary market; on December 8 the firm received investment from Malcolm Burne, who will support the firm's plans for a secondary market; Burne is an expert in secondary market trading for private investments. Source
British fintech Freetrade announced its imminent launch into Sweden's retail investor market.
SEMA — which stands for Sports, Entertainment, Music and Arts — offers those in the sports and entertainment industries concierge financial services.
In efforts to reach net-zero objectives, fintech's engagement with scope 3 emissions could be the missing link.
Santander will acquire a controlling interest of 50.1% in Spanish trade finance software house Mercury TFS with a €30 million...
CB Insights has released their latest report which highlights investments in fintech and sector trends to watch; they found in...
HSBC looks to become the first major UK based bank to comply with open banking; the bank plans to launch a new app that centralizes information about customers’ accounts; the current plan is set for release in the first week of May and the app will be named Connected Money; HSBC’s UK head of retail banking and wealth management Stuart Haire said the new challenger banks have been have been making progress on customer insight; there is still healthy skepticism about how fast open banking will catch on as incumbents have been slow to comply. Source.
Beleaguered hedge fund investor, Neil Woodford, has sold off large stakes in his P2P investment trust holdings; he sold £88...
The VPC Speciality Lending investment trust sold it’s exposure to Avant loans and their equity stake as it continues a move out of the sector; the fund has been shifting to a balance sheet strategy for quite some time and this is another indicator of that move; they also sold their equity exposure in Australian point of sale lender zipMoney. Source.
About a third of branches at UK banks have closed in recent years as digital banking takes hold and contactless...