Fintech, Finance, Technology, Banking Highlights – 13 July 2018
Glint to raise £15m in Series A financing round
Glint, the FinTech start-up which has introduced physical gold as money to spend as a currency via an account and mobile app based technology, is pleased to announce it’s to raise £1.25m via a crowdfunding exercise.
This part of a Series A funding to raise £15m. Since inception, the firm has raised over £7.5 million in capital from private and institutional investors.
Glint has decided to raise money via a crowdfunding exercise with Crowdcube to meet demand from clients and the public to participate in this round, as part of an overall fundraise to maximise strategic partnerships and distribution deals in the UK and US and to develop functionality.
Callcredit rebrands as TransUnion
Callcredit, the UK’s second largest credit referencing agency, has announced the change of its brand name to TransUnion, after being acquired by the leading global risk and information solutions provider in a £1 billion deal last month (19 June).
As a phased integration process begins, UK businesses and consumers will start to become familiar with TransUnion, which already has a presence in over 30 countries worldwide. The company will be referred to as ‘TransUnion, formerly Callcredit’ during the initial stage, as reflected in the logo, moving to simply TransUnion later this year.
Integrating into one brand is part of the strategy to maximise the combined international presence of TransUnion and Callcredit, and to drive enhanced value to businesses and consumers in the UK. It will also make it easier for companies when it comes to doing business, both domestically and internationally, by providing access to greater expertise across global markets.
David Neenan, international president at TransUnion commented: “We’re delighted to introduce the TransUnion brand to the UK today. Migrating the Callcredit business name to TransUnion will allow us to fully leverage the benefits that the integration brings and enable us to deliver even more to our customers in the UK and across the global markets that TransUnion serves.
Robinhood adds Litecoin and Bitcoin Cash
Since we launched Robinhood Crypto in February, our customers have voiced interest in buying and selling other cryptocurrencies beyond Bitcoin and Ethereum. You can buy and sell Litecoin and Bitcoin Cash, commission-free on Robinhood.
In the meantime, everyone on Robinhood can monitor market data, read cryptocurrency news, and create price alerts for 16 coins: Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, Ethereum Classic, Zcash, Monero, Dash, Stellar, Qtum, Bitcoin Gold, OmiseGo, NEO, Lisk, and Dogecoin.
Thank you for all of your enthusiasm and product feedback, especially over the past several months. Together, we’ve reached over 5 million people across the entire Robinhood platform, and we look forward to sharing Robinhood with millions more so everyone can participate in the financial system.
Money management app Emma announces $600K seed round
London-based Emma Technologies LTD is announcing the closure of a funding round led by Kima Ventures, one of the first investor in Transferwise, and Aglaè Ventures, the early stage fund of the Groupe Arnault, investor in Netflix and Airbnb.
Emma is the leading banking app for millennials (iOS & Android), which helps consumers avoid overdrafts, find and cancel subscriptions, track debt and save money. The product aims at providing a consumer focused banking experience, with the only goal to improve the financial situation of its users.
In the past years, managing money has become extremely difficult. People tend to have multiple accounts, several contracts, different credit cards and the challenges of having everything under control keep growing.
