7th November 2019
Santander has bought a majority stake in UK-based Fintech company Ebury for £350m. The bank now holds 50.1 percent in Ebury, a trade and foreign exchange facilitator for small and medium-sized companies. The Angel CoFund first invested in Ebury in its seed round in 2012 and has invested £1.3m in total across four funding rounds. The firm retains a shareholding of Ebury.
5th November 2019
New data from leading global insights platform, Atheneum, has revealed that only one in four (25 percent) global finance experts expect consumer confidence in their countries to improve over the next six months, with UK experts highlighting the continuing uncertainty around Brexit as a key factor.
5th November 2019
A total of £1.28 billion was raised in October through secondary fundraisings by investment companies, marking an all-time record for the investment company industry.
Fundraisings by existing investment companies reached £1.28b in October 2019, the highest level of secondary fundraising ever seen in a single calendar month according to new data from the Association of Investment Companies (AIC). The second-highest month for fundraising by existing investment companies was in June this year (£1.18b).
1st November 2019
British Business Investments (BBI), a commercial subsidiary of the British Business Bank, has announced a new £15m Tier 2 capital facility to specialist bank, PCF Bank.
31st October 2019
TotallyMoney has announced new growth funding from Silicon Valley Bank that will provide the credit experts with an additional £5 million to accelerate customer acquisition, recruitment, and develop its award-winning and market-leading technology platform. The latest funding follows a substantial £29 million investment from Scottish Equity Partners (SEP) and Elliott Advisors (UK) Limited (Elliott), announced in December 2018.
29th October 2019
Aston Lark has acquired Lloyd's broker Protean Risk, a specialist Lloyd’s insurance broker focusing on the investment industry, financial services, fintech and technology sectors with clients ranging from start-ups to international organisations. Protean is the first acquisition that has completed for Aston Lark after an investment by Goldman Sachs in September.
23rd October 2019
The conversation on private markets is changing among Wealth Managers, according to a recent report by Delio.
Private markets are going mainstream, as Wealth Managers increasingly establish or grow private market propositions. Nine out of ten surveyed already offer private market propositions or are planning to launch one; with direct investments and impact investments emerging more and more in the market.
22nd October 2019
SmartWorking startup Abodoo is set to accelerate its UK expansion following a successful crowdfund. The Co. Wexford based business, on a mission to change the future of work by connecting global citizens with remote working job roles, overfunded its £100,000 target within 48 hours.
Abodoo connects professionals needing more flexibility in how they work with employers seeking top talent. The SaaS platform, which provides high accuracy hiring and reduced bias, currently works with clients includingVodafone, Deloitte, Citibank and Automattic to help grow more inclusive and diverse workforces. With 70% of technology employers experiencing a skills shortage – and this figure mirrored across other industries – accessing talent has become critical. Abodoo has grown its candidate community of 22,000 members across 60 countries in just two years and this is set to reach 90,000 in the next year alone.
16th October 2019
British Business Investments, a wholly-owned commercial subsidiary of British Business Bank plc, the UK’s national economic development bank, has published its Annual Report and Accounts for 2018/19, its fifth year of operation.
10th October 2019
Blend Network, a leading property investment platform specialising in funding low-cost, accessible housing developments outside of London has announced its largest deal so far with a £2,335,000 loan to finance the acquisition and redevelopment of a key Stafford office building into residential departments. This milestone highlights BLEND Network’s commitment to the Midlands, with loans extended by the company to fund low-cost and accessible housing projects in the region now totaling over £3million over the past four months.
2nd October 2019
QVentures, manager of 29PP Pre-Seed Fund, has led the funding round in Rosecut Technologies, a digital wealthmanager. Founded by Qiaojia Li, a former Coutts and Credit Suisse private banker, and Gustavo Silva, an experienced entrepreneur and machine learning specialist, Rosecut creates bespoke investment solutions that combine artificial intelligence with top-tier human advice.
26th September 2019
The Financial services industry has entered into a period of unparalleled opportunity as our nation enters what many are calling the inheritance economy.
The inheritance economy represents the greatest transfer of wealth in history as capital of some £5.5trillion is expected to flow through the generations over the next 30 years.
For financial advisers it presents some outstanding opportunities to participate in this wealth transfer and Stellar Asset Management has launched a new service to help financial advisers and wealth managers to maximise these opportunities.
Stellar ICENI is a new service for advisers which provides them with the tools to unlock planning opportunities and offer a superior service to their clients.