The latest news from the world of Alternative Finance and FinTech
In the news this week
FinTech businesses are the most ambitious when it comes to fundraising plans. That’s according to a new report out this week from EY which showed that 34% of FinTech companies are aiming to raise £5 million for their next fundraising round. Elsewhere, property-focused peer-to-peer lenders welcomed the Chancellor’s Budget this week after it was revealed that stamp duty would be scrapped for most first time buyers. For a full round-up of FinTech-related budget news, check out our latest blog post.
FinTech businesses have most ambitious fundraising plans, research shows
FinTech businesses are the most ambitious when it comes to their fundraising plans, according to a report from professional services and Big Four firm EY. The EY Fast Growth Tracker surveyed hundreds... (London School of Business & Finance)
P2P lenders welcome £44bn housebuilding package and stamp duty cut
Property-focused peer-to-peer lenders have welcomed the chancellor’s housing measures outlined in the Budget, which include £44bn of funding and the scrapping of stamp duty for most first-time buyers. (P2P Finance News)
Banks and startups must collaborate on FinTech for UK to remain top
The biggest banks and smallest startups must work together to keep the UK ahead when it comes to its world-leading position in FinTech, according to a new report. Sandboxes, hackathons and entrepreneurs in residence are just some of the ways of collaborating identified in a new report from TheCityUK, Santander and Shearman & Sterling, through to more formal relationships such as joint ventures and even going as far as acquisitions. (City A.M.)
Women in FinTech 2017 Powerlist published
Innovate Finance is published its industry-specific (but nevertheless huge) ‘Powerlist’, recognising female leaders within the FinTech sector. The 2017 ‘Women FinTech Powerlist’, features more than 370 women in leading positions in FinTech, including female founders, directors and professional service specialists. (Digit)
"Brexit may boost London's FinTech boom, not hinder it"
Why is it that whenever there is a smidgen of economic hope, the Westminster elite waste little time claiming it is “despite Brexit”? London’s fizzing FinTech sector is a classic case in point. On track for a bumper period of investment, money men have ploughed a staggering £800 million into British FinTech start-ups since the start of this year. (FT Adviser)
UK-based FinTech Glint unveils debit card which lets you spend gold
UK-based FinTech, Glint, has launched its debit card and accompanying account, which will allow users to purchase gold and use it as a payment option. The company was founded in 2015 and has since then secured funding worth $6.1 million in two separate rounds earlier this year, although until now its product had remained under wraps. (Business Insider)
The Marketing Eye says
FinTech things in the Budget you might have missed
Beneath the headlines in the Chancellor’s Budget statement today, there was some encouraging news for the FinTech world. The extension of Open Banking into credit cards: There was an update on the Open Banking project. From early next...
How To: Have a Marketable ICO
It isn’t very long ago that we lived in a world without the Initial Coin Offering, or ICO. Used by new and innovative companies to raise cash and bring their product or service to market, the concept of an ICO is as modern as the tech it is tied to.
Analysis: FinTech vs Top 500 UK Websites
How the FinTech/Altfi/Finance world stacks up against the best sites in the UK!