News Briefing - Crowdfunding, SME And Alternative Finance

money in a glass of whiskey

1. UK – FinTech  

 

TechCrunch reports: 

Fronted, the new London-based startup aiming to make life easier for renters, including lending the cash needed for a deposit, has picked up seed investment from Passion Capital. The investment showed up in a recent regulatory filing for the company. 

The exact cheque size isn’t yet disclosed, but what we do know is that Passion Capital  partner Eileen Burbidge has joined Fronted’s  board. That’s unsurprising, given that Fronted co-founder Simon Vans-Colina was an early and important employee of Monzo, the challenger bank that counts Passion Capital and Burbidge as original backers.” 

2. UK – FinTech 

P2P Finance News follows up the Evening Standard and others on the news of Covid-related IFISA inflow drop at Money&Co. 

3. UK – FinTech 

The Fintech Times reports: 

“· Department for International Trade (DIT) steps up engagement with British industry and farmers as UK trade negotiations intensify 

· Eleven new trade advisory groups, covering a range of key sectors, established to provide knowledge and experience 

· Insight and expertise of top business people being used to inform UK negotiating position and deliver deals that benefit the whole country 

International Trade Secretary Liz Truss has  launched 11 new trade advisory groups (TAGs), as part of a major new business engagement drive designed to support the UK’s ambitious trade negotiations. 

As trade talks with Japan, the US, Australia and New Zealand intensify, the Trade Secretary is stepping up engagement with key industries across Britain, including farming, manufacturing and automotive. 

Their advice will be used to help inform the government’s negotiating position and deliver key industry asks that benefit the whole UK, including securing new market access on products like ceramics, cars, steel and beef, and agreeing cutting-edge digital trade rules. 

The new groups are comprised of the best and brightest businesses people from all parts of Britain, from whisky distillers in Scotland to car manufacturers in the Midlands, as part of DIT’s efforts to ensure trade deals benefit all regions and devolved administrations. 

International Trade Secretary Liz Truss has  launched 11 new trade advisory groups (TAGs), as part of a major new business engagement drive designed to support the UK’s ambitious trade negotiations. 

As trade talks with Japan, the US, Australia and New Zealand intensify, the Trade Secretary is stepping up engagement with key industries across Britain, including farming, manufacturing and automotive. 

Their advice will be used to help inform the government’s negotiating position and deliver key industry asks that benefit the whole UK, including securing new market access on products like ceramics, cars, steel and beef, and agreeing cutting-edge digital trade rules. 

The new groups are comprised of the best and brightest businesses people from all parts of Britain, from whisky distillers in Scotland to car manufacturers in the Midlands, as part of DIT’s efforts to ensure trade deals benefit all regions and devolved administrations.”s 

4. UK – P2P Lending 

Crowdfund Insider runs a feature interview with the CEO of Blend Network. 

“Blend Network connects lenders directly with borrowers. Lenders are able to lend starting from as low as £1,000 to property-secured loans and earn as much as 12% p.a. All Blend Network loans are reportedly “secured against a first-charge on the property.” The platform has been specifically designed to be simple to use, the company claims. 

After registering, users can browse through the platform’s available loans, pick and select the loan they’d like to lend to and then begin lending. The company describes this process simply as: “Sit, Click & Collect.” Blend Loan Network Ltd is an Appointed Representative of Resolution Compliance Ltd which is authorized and regulated by the Financial Conduct Authority (FCA). 

Blend Network claims it’s backed by established private investors and family offices, including Cyrus Ardalan, former Vice Chairman of Barclays and current Chairman of OakNorth Bank, and Citigroup Global Markets Ltd (among others).” 

 

5. International – FinTech 

Finextra reports: 

“South Korea's DGB Daegu Bank has teamed up with SK Telecom to boost its mobile app's security with 5G quantum cryptography technology. 

The IM Bank app will enable Samsung Galaxy A Quantum owners to use the handset's quantum random number generator (QRNG) for security.

The QRNG chipset embedded in the Galaxy A Quantum phone generates true random numbers that cannot be predicted, says the telco.

The technology will be used for one-time passwords when IM Bank customers transfer money or open new accounts. The partners are also exploring other uses.”