Former Marketinvoice boss raises $30m for fintech startup Complyadvantage, backed by Index and Balderton January 30, 2019 The fintech startup formed by the co-founder and former chief executive of London firm Marketinvoice has closed a $30m (£22.8m) funding round today, backed by Revolut investors Index Ventures and Balderton Capital. Complyadvantage uses artificial intelligence to analyse the risk of financial crime for some of the world’s largest banks. The startup will use the funding to [...]
Software is the UK’s most popular sector for angel investment, report shows January 30, 2019 Software has retained its position as the top sector for angel investment in the UK, a new report has revealed. Software was the best performing sector for both investment and pitches in 2018, according to an analysis of 100,000 businesses by the Angel Investment Network (AIN). Read more: UK fintech Featurespace raises £25m in latest funding [...]
Former Virgin Money chief Jayne-Anne Gadhia hunts for investors in new tech startup January 28, 2019 The former head of challenger bank Virgin Money is to set up her own fintech startup, designed to save consumers money on their household bills. Dame Jayne-Anne Gadhia has approached several investors regarding a new company called Snoop, which will take advantage of Open Banking rules to utilise data about customers' spending habits, according to reports [...]
UK fintech Featurespace raises £25m in latest funding round led by Insight Venture Partners and Mission OG January 28, 2019 UK fintech firm Featurespace, a software company that specialises in behavioural analytics, has raised £25m in a funding round led by Insight Venture Partners and Mission OG. The funding, which is the largest amount the firm has raised to date, will be used to aid Featurespace’s international expansion and the development of the company’s artificial intelligence-led software. Featurespace, which currently [...]
Britain and India are moving towards a bright new future January 28, 2019 The UK’s position on the world stage is about to change forever, but it’s not because of Brexit. In fact, it’s due to a bigger macroeconomic and geopolitical shift: the march of a country that is likely to become one of the world’s future superpowers. A nation with a huge population, an outstanding growth rate, [...]
A post-Brexit City: MPs ask the right questions January 25, 2019 City in the morning, Westminster in the afternoon – there was a time when this was the daily routine for a number of MPs. These days, alas, one is hard-pressed to find a parliamentarian who truly understands the Square Mile, but former corporate lawyer Nicky Morgan can claim to be one of them. As head [...]
London startups take the lead in Tech Nation’s fourth Upscale accelerator January 25, 2019 City startups have landed more than two thirds of the places available on Tech Nation’s fourth Upscale acceleration programme, beating out over 100 applicants. The digital entrepreneur network, which also runs a fintech accelerator backed by the Treasury, has selected 30 startups as “ones to watch” in 2019. The fast-growing tech firms will enter the programme’s [...]
Business lender Iwoca gets a helping hand with £7.5m from London fund Augmentum Fintech January 24, 2019 Small business lending challenger Iwoca is planning to close its next funding round within weeks, as the first stage of investment is revealed. London-listed fund Augmentum Fintech has plugged £7.5m into the round, which City A.M. understands to be part of a much larger series D raise to be announced in early February. A representative for Iwoca declined [...]
Here’s what happened to the UK professional jobs market in 2018 and what to watch out for in 2019 January 24, 2019 It is not unusual after the rest and relaxation of Christmas for people to consider their current career path and decide to search for new opportunities. But it’s also important for these prospective jobseekers – and hiring managers – to look back at the previous year, in order to learn about the current state of [...]
Robinhood rival Freetrade moves into US stocks as transatlantic retail investing battle hots up January 22, 2019 London fintech startup Freetrade has today launched US stock trading on its app, in the midst of growing rivalry in the commission-free trading space. The app, which offers users the ability to invest in stocks and exchange-traded funds (ETFs) directly without paying commission, said it will start with a curated list of 120 US stocks, including the likes [...]