News
Festicket, a UK-based music festival experience marketplace, is now seeking £4 million through its new equity crowdfunding campaign on Crowdcube. Founded in 2012 by Zack Sabban and Jonathan Younes , Festicket states it provides fans of live music a unique, hassle-free, and money-saving service to discover and book ticket/packages for their next festival trips.
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Online fashion giant ASOS posted a 13% increase in sales in the three months to 28 February and said it was holding its guidance of 15% for the full year. However its growth was held back by competitive Christmas trading and disruption in its US business.
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Jack Wills, the British preppy clothes retailer, has poached Jigsaw's Chief Finance Director Claire Wain for the same role.
Claire Wain had joined Jigsaw, the upmarket clothing chain, in July 2017 as Finance Director and was promoted to Chief Finance Director later that year. She also has prior experience at Mothercare, John Lewis, Harrods, Arcadia and KPMG.
Her appointment follows that of Suzanne Harlow to CEO, following a dispute last year between the founder and former chief executive Peter Williams and BlueGem Capital partners, the private equity firm which controls the company.
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True has co-invested in ThirdEye, an AI-driven security platform for retailers, alongside leading European venture capital firm Octopus Ventures. Original Seed investor Episode 1 Ventures also participated in the funding round, which totalled over £2 million.
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PURCHASE, N.Y.--(BUSINESS WIRE)--Mastercard (NYSE: MA) today announced it has entered into an agreement to acquire Ethoca, a global provider of technology solutions that help merchants and card issuers collaborate in real-time to quickly identify and resolve fraud in digital commerce.
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Mastercard agreed Tuesday to acquire fintech company Ethoca for an undisclosed sum in a transaction expected to close in the second quarter of this year, according to a Mastercard press release.
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Moneyhub, the financial management platform, has integrated Starling Bank into its Payment Gateway. This makes Starling Bank the first challenger bank to support PSD2 PISP (Payment Initiation Service Provider) legislation.
Moneyhub’s integration with Starling Bank’s API will mean users can initiate a payment straight from one account to the other, at a fraction of the time and cost to organisations of traditional payments. This follows the implementation of Open Banking in January 2018 and comes ahead of the new requirement that all banks must support PSD2 legislation by September 2019.
This also means that Starling Bank users, currently tallying around half a million, can use features in the Moneyhub app such as Smart Nudges to help them save more or invest more.
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CreditDigital, a B2B lending platform, has secured a £2 million investment from London-based VC fund Fuel Ventures.
The startup offers a lending platform that allows businesses to spread their payment over a year whilst paying the vendor or supplier the full cost upfront. CreditDigital is able to compete with banks on rates and can approve purchases up to £15,000 instantly and up to £250,000 within one working day.
A key part and especially useful element is that the payment platform can be integrated into any B2B e-commerce checkout or existing invoice system, thus helping to streamline the whole process
The funds will be used to expand CreditDigital’s business in the UK and increase the product offering, which will allow greater customer flexibility.
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Onfido, a startup which makes technology used to verify customer identities for companies like Revolut, Monzo and Zipcar, has raised £4m of investment from Augmentum Fintech.
The digital identity company has so far managed to raise £48.7m, including this latest investment, from investors including Taavet Hinrikus (Transferwise founder), the venture capital arms of Salesforce and Microsoft as well as Darktrace investor Talis Capital.
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