Tag: UK

Cambridge-based CashFlow is acquiring fellow Silicon Fen payments solution iCheque Network. The terms of the deal are undisclosed.

As hype continues to build around the potential for startups to disrupt the insurance space Eos Venture Partners is launching as specialised fund dedicated to finding opportunities in InsurTech.

The Bank of England says that it will not stifle FinTech development as it attempts to lay down regulations for the rapidly-growing sector.

Peer-to-peer lending platform Zopa is partnering with UK money management app Pariti to help users find out if they could be paying less for their debt and apply for consolidation loans directly through Pariti’s platform.

Divido, a point-of-sale financer, has raised £2.5m ($3.3m) in round of seed funding. The capital comes from Mangrove Capital Partners and DN Capital.

Digital asset trading platform Crypto Facilities has raised $1.5m in a seed round. The funding comes from an AngelList syndicate led by Humminbird Ventures partner Pamir Gelenbe.

Atom Bank, a UK-based challenger bank backed by Spanish finance giant BBVA, plans to raise £100m ($131m) in the first quarter of 2017.

Mobile international payments network TerraPay is acquiring Pay2Global in a deal that will allow it to expand around European markets. The size of the deal is undisclosed.

UK remittance service Small World FS has reached a new milestone having processed more than 50 million cross-border payments to date.

Credit Kudo is taking on £600,000 ($792,000) in a round of seed funding led by FinTech VC NFT Ventures.