Tag: UK

Investment app Stash has raised $9.25m in a Series A round of funding to accelerate user growth and build out its technology platform.

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.

London-based money transfer service FC Exchange is being acquired by Global Reach Partners (GRP) in an undisclosed deal.

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 banks are being forced to get to grips with FinTech thanks to a package of measures being imposed by the Competition and Markets Authority.

UK challenger bank Mondo has passed a new milestone with more than £20m ($26m) spent through its service to date.