Tag: UK

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.

FinTech business may well aim to push the traditional finance world forward with new technology but it lags behind the industry when it comes to diversity.

Sonovate has raised a new round of funding totaling £14m for its recruiter-financing business. The Series B round was led by Global Founders Capital.

Despite the emergence of blockchain, the rise of InsurTech, and more corporate VCs entering the market, the biggest FinTech trend of 2016 is the potential impact of the Brexit.

Insurance is just one vertical where startups are trying to declutter the user experiences, to create more efficient services which provide customers with greater transparency.

London-based fintech startup Loot, which runs a banking app targeted at millennial customers, has raised £2.5m in its latest financing round.