This capital raise further paves the way for COLG to launch Recognise, a new bank that will service the UK SME market, once Authorisation with Restriction as a Bank has been received later in the year. COLG believes that the underserved small-to-medium enterprise (SME) lending segment in the UK represents a significant opportunity. The growth […]
Costain Group took this month’s top spot in the contractor league tables after being appointed the contractor for two major road projects. A new SMART motorway on the M62 at Brighouse and widening works on the A1 in Newcastleupon-Tyne with a combined value of £575m. In the runners up spot this month is Bowmer & […]
Named after Alison Rose, CEO and author of the 2019 HM Treasury-commissioned independent review of female entrepreneurship, the Rose Award will be presented to an aspiring female founder from this year’s pool of Converge semi-finalists. To be considered, candidates need to demonstrate ambition and purpose and be leading a new or prospective business with high-growth […]
World Bank aiming to digitally enable every individual, government and business in Africa by 2030 2019 figures show that African digital penetration stands at 27% but with huge potential to grow Paysend offers helping hand with expansion of digital money transfer operations in Africa In the wake of a 2019 report by the World […]
As the Government’s CBILS initiative draws to a close this month, two British fintechs Ebury and MarketFinance, have joined forces to ensure SMEs across the UK are able to quickly access the emergency lending. MarketFinance will offer both its CBILS loans and revolving credit facilities to Ebury’s UK SME base to support them with their […]
Anti-money-laundering (AML) specialist SmartSearch has launched TripleCheck, a ground-breaking new digital Know Your Customer (KYC) and AML solution. TripleCheck combines three highly sophisticated verification methods to set a new standard in AML security. Level 1 – Identification and Verification with sanctions and PEP screening Level 1 is SmartSearch’s award-winning electronic identity verification. With just a […]
The International Islamic Trade Finance Corporation (ITFC), member of the Islamic Development Bank (IsDB) Group, signed a US$100m Murabaha-structured line of trade finance with Mizuho Bank in Malaysia, a subsidiary of Mizuho Bank Japan. This financing will help ITFC extend its support to the member countries under its Covid-19 Response Plan that is targeted towards […]
National house price growth indicator hits a four year high Enquiries, sales and new instructions all continue to rise 83% of respondents foresee demand increasing for homes with gardens / outside space over the next two years while 79% predict rising demand for those properties near green space Housing market activity continued to rise […]
Aldermore Group’s results represent the first full year of the enlarged Group and show a pre-tax profit of £48.8m despite the current economic crisis brought on by Covid-19. Like many others in the market, the Group has experienced the impact of the pandemic through reduced customer activity as well as significantly increased impairments. However, Aldermore […]
A Bideford-based dairy business has achieved exponential growth in its first year of trading after securing significant contracts in both the UK and overseas, and launching new product ranges, with the support of a £1.6m funding package from Lloyds Bank. Millbrook Dairy Company, which was founded in 2019 by respected dairy industry experts, David Evans […]
