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Equity crowdfunding platform Crowdcube has raised £8m ($10.4m) through a campaign on its own platform.
UK challenger bank Mondo plans to raise a further £15m ($19.4m) to £20m ($26m) as it seeks to have the restrictions on its newly awarded banking licence lifted.
London-based identity and background checking startup Onfido has raised a new round of venture funding.
The UK bank is to begin offering faster payments services to UK FinTech companies. Read more: www.financemagnates.com
For the Rio Olympics, Visa and Barclaycard are working together to provide all 366 British athletes with wearable payments bands.
Cross-Stratum Mutual Community Asia, a UK-based techno-finance startup, has announced its plans to release a new cryptocurrency – the Cross-Stratum Coin. Read more: www.econotimes.com
UK challenger bank Mondo has passed a new milestone with more than £20m ($26m) spent through its service to date.