Fintech
-
Ipagoo has gone into administration, according to the Financial Times. The fintech offered users multicurrency accounts with an accompanying debit card, and aimed its services at consumers who make international transfers or travel throughout Europe. It was also the first nonbank to access CHAPS, the clearing house automated payment system that settled around £330 billion ($401…
-
A London-based PropTech firm backed by Google has secured a further £1.5m in seed funding. The AI-focussed property management software firm will add to its investment from Google a further £1.5m in seed funding from Silicon Valley VCs including Venture University, Pi Labs, Plug and Play, WISAG FM and Henley Investments. Its software allows for…
-
Stephen Welton, who runs Business Growth Fund, the UK’s most active investment vehicle, has questioned the business model of Britain’s venture capital firm. The total amount of VC money invested in Britain rose by 37pc to £4.4bn over the first six months of this year, according to KPMG.However, venture capitalists are shying away from investing…