Tag: UK

Chinese mobile payments service Alipay is partnering with UK consumer insights and marketing platform Zapper.

Financial fraud losses reached £399.5m in the first half of 2016, a 25% increase on the £320.3m lost in the same period last year as a result of scams and online attacks.

Artificial intelligence-powered savings platform ABAKA has raised £520,000 in a seed funding round. Anthemis Exponential Ventures led the investment.

The World Bank estimates remittances to be a $600bn industry. Somaliland-born founder of WorldRemit, Ismail Ahmed, believes it could be worth a lot more.

Distributed ledger-based payments firm Billon has raised $2m in funding from a collection of unnamed UK investors.

Collaboration between incumbent financial institutions and fintech startups is now a well-established narrative within the industry and will only become more prominent.

Financial news and advice platform Finimize has picked up £450,000 in a seed funding round. The investment was led by Passion Capital.

Currency exchange platform WeSwap has picked up £2.4m in an equity crowdfunding round on Seedrs.

Edinburgh-based accounting software provider FreeAgent has raised £10.7m in its listing on the London Alternative Investment Market (AIM).

London-based wealth management startup Nutmeg has raised £30m in a new funding round led by Hong Kong-based financial advisory firm Convoy.