SurePay, inventor and leading provider of Confirmation of Payee (CoP) in the UK and Benelux, raised a €12.2 million round led by Connected Capital with Iris Capital, joining Rabo Frontier Ventures to boost the company’s international expansion. The funding will support the hiring of new business development teams in Germany, the UK, a cross border […]
Monneo, a UK-based provider of virtual IBAN accounts and for ecommerce merchants and B2B clients, has joined Accept My IBAN, the coalition of European businesses in the fight against the illegal practice of IBAN discrimination. IBAN discrimination occurs when an EU bank or company refuses to accept or send a payment to/from a customer’s International […]
A detailed analysis of how the UK’s small businesses were impacted by Covid-19 and other economic challenges in 2020 has been published in a joint study by leading payments authority, Pay.UK, and Europe’s largest credit management membership body, the Chartered Institute of Credit Management (CICM). The research, which set out to track how […]
iwoca – one of Europe’s largest small business lenders – has today launched its industry-first cash advance product on Funding Xchange for small business online sellers. iwoca will be the first lender in the UK – using Open Banking – to offer fully automated revenue-based repayments to e-commerce businesses with a business bank account on […]
A Shade Greener (ASG) Finance has become the latest lender to join the Association of Short Term Lenders (ASTL). Established in 2013 to provide commercial finance to UK businesses using funds generated from the associated renewable energy company, A Shade Greener Ltd, ASG Finance provides a suite of tailored financial solutions including bridging finance, development […]
Specialist property lender Castle Trust Bank has agreed a £13.2m development loan with Laner Ltd, for a commercial and residential development in Dagenham. The OXLO project, being developed by Barking Dog Developments Ltd, will provide ground floor commercial space, plus residential apartments for private rent. The project requires demolition of existing warehouse and redevelopment of […]
Unity Trust Bank’s new chief executive officer, Deborah Hazell, says she is thrilled to join the socially motivated Bank. Growing at more than 25% per annum, Unity serves businesses and organisations which make a positive contribution to economic, social and environmental needs. “As businesses navigate through the pandemic it is crucial, now more than ever, […]
West One Loans’ buy-to-let division has announced product and criteria changes as it continues to grow in response to strong demand in the market. Taking effect from today [September 02] there is a range of new products being introduced with reduced rates and some fee reductions on selected products. Among the changes is a new […]
TISAtech FinTech Club is a global digital platform that connects fintechs with financial firms to amplify their reach and position through support and access to development tools of official FinTech Club industry partners’ infrastructure, including Amazon, R3, WeWork and FinTech North/West. TISAtech’s FinTech Club allows fintechs to facilitate successful business relationships with leading financial institutions, […]
57% of businesses are planning to invest in staff within the next 12 months, according to a recent survey conducted by Skipton Business Finance. The survey involved businesses from varied sectors including manufacturing, engineering, recruitment, printing and logistics. The data collected also showed that 34% of businesses plan to invest in marketing, 32% in new […]
