Today we bring news of success for early FinTech investors. Crowdfundinsider reprises the news: Six early investors in UK stock trading app Freetrade have seen their stakes in the firm surge to be valued at around £1 million after the business saw its valuation increase to over £265 million, according to a report in the Telegraph. The reported returns […]
The beginning of the new tax year sees Allfunds, a UK-based B2B WealthTech platform, list on the Euronext Amsterdam stock exchange. We’re not sure what the long-term effects of Brexit will be in financial services – and anyone who claims to have known in 2016 or even now is not to be believed. But the […]
The equity side of crowdfunding is in crisis, with the proposed merger between Seedrs and Crowdcube subject to high levels of scrutiny. Both parties to the deal say the success of the merger is crucial to their continued survival. To offer a little context, we set out an excerpt from an earlier News item on […]
Financial regulatory authorities are trying hard to keep up with – or even stay ahead of – the pace of change in the digital aspects of FinTech. Increased vigilance is the least that should be happening, for a number of good reasons. Our friends at AltFi report on one of them here: The pandemic has […]
The mainstream of financial services has a love-hate relationship with those in alternative finance. It’s a familiar tale of the establishment seeking to assimilate the rebels and smooth off the rough edges. The early days of many FinTech companies saw a weird relationship with the banks, who simultaneously courted and envied their success -and attempted […]
As we head to the weekend, here’s a little something on which to ruminate: yet more money – serious money or silly money? You decide – heads to cryptoland from a mainstream finance industry that’s desperate to find out what’s going on and how to make money in the new arena. Our friends at Finextra […]
The EU’s regulators are querying the use of blockchain technology in the creation of a European Single Access Point (Esap). Esap will be a platform “for company financial and sustainable investment information”. The sceptic in us asks whether the reasons for concern – as set out below in a report from our friends at Finextra […]
If FinTech is the future of finance – we would argue it’s already the vivid present – then projects like the one reported below are to be welcomed. Private-sector and government partnerships have a somewhat patchy history (bounceback loans (a good idea), for example, are set to bring chaos over the coming months and years). […]
The ill wind of Covid is blowing some good in the direction of the high-tech end of the financial services industry. Our friends at Finextra report this in almost exactly these words, as they bring news of a potential IPO at Atom Bank: The UK’s first app-only bank Atom is to raise £40 million from […]
The mainstream of financial services is struggling to catch up with the business of popularising a world that’s still seen as arcane – even with Bitcoin, which hit a new peak of $50,000 this week – at its centre. Our friends at Finextra report a significant move forward here. The masses will soon be on […]