Condense Reality, a virtual reality startup developing technology to transform how viewers watch live entertainment and sports, has raised a seed round of more than £800,000, including £220,000 from SFC Capital, the most active seed-stage investor in the UK. The remaining funds come from two grant awards, together worth almost £500,000, as well as smaller […]
Paragon Bank has continued its support for UK companies impacted by coronavirus, providing a £125,000 Coronavirus Business Interruption Loan (CBILS) to Reading-based access solutions provider, Southern Tower Services Ltd. Southern Tower provide working at height solutions, including scaffold towers, to businesses across the South. With the building industry severely impacted during the peak of coronavirus, […]
Many bank stress tests use Tier 1 capital as a starting measure to evaluate the bank’s liquidity and ability to overcome a challenging economic scenario. Although the Covid-19 crisis hit the European banking system hard, with even the largest banks reporting massive financial losses during the first half of the year, most of them still […]
Peer-to-peer lender Assetz Capital has completed a further £1.5m fundraise, after the government’s Future Fund matched its overfunded crowdfunding round on Seedrs of over £750,000. The secured business lender – which lends to UK SMEs and small housebuilders – is using the funds to further support its growth and also help fund the setup of […]
An innovative Scottish software business that provides a comprehensive booking platform for the leisure travel sector has announced plans to launch a suite of data technology products designed to help travel agents and tour operators to gain vital insight into which parts of the sector are seeing the fastest and most sustained recovery in order […]
Today, Primer — the UK-founded fintech company that helps merchants seamlessly consolidate their payments stack and easily support future payment methods — launches with its unified payments API and checkout. Providing an open payment infrastructure to merchants through a single integration, Primer manages the front-end checkout process and backend consolidation of payments services — supercharging […]
Norfolk-based independent housebuilder Abel Homes is seeing a renewed surge in demand for its properties following the support of a £3m green funding package from Lloyds Bank. Located in Watton, family-owned Abel Homes has been building new-build properties across the county for more than 30 years. The seven-figure residential development loan from Lloyds Bank was […]
The volume of cyber attacks experienced by UK businesses declined by 2% in the third quarter of 2020, despite signs of increasing cybercrime activity from China, India and Egypt, according to analysis from Beaming, a specialist business ISP. On average, businesses were subjected to 176,206 attacks each over the summer, the equivalent of 80 attacks […]
New research from Aldermore bank reveals that one in five (21%) small and medium-sized enterprise (SME) owners are working an additional three hours daily on average to manage the impact of the Covid-19 pandemic on their business. Many SME owners reported that longer working hours meant they had to make personal sacrifices, such as reducing […]
Analysts of the European P2P lending platform Robo.cash found that low and medium interest rates let platforms grow faster and more sustainably. The platforms with high interest rates (more than 12,5%) are more volatile and their growth is inconsistent. The researchers analysed 13 popular European P2P lending platforms and their growth in 2019. The study […]
