Chip, the automatic saving app offering access to market-leading returns, raised a total of £10.7 million from the crowd and the government-backed Future Fund, as part of the company’s series A round. The amount, raised in under 48 hours from 6,420 investors, makes it the largest convertible round in UK crowdfunding history as well as the largest crowdfunded Future Fund participation. Chip, which saw 25,000 people pre-register ahead of the round on Crowdcube, raised a total of £2 million in under 10 minutes and £4 million in under an hour. 

Xero, the global small business platform, today announced that it is increasing the limits on its Starter plan, alongside improving the functionality of payments and insights tools, to help sole traders and new small businesses get started, manage their cash flow and grow during and beyond the pandemic.

Financial infrastructure provider, Banking Circle, has been named Best E-Commerce Initiative for its Banking Circle Marketplaces solution in the 2020 PayTech Awards. Banking Circle’s partnership with Cardstream was also highly commended in the Best PayTech Partnership category.

Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS) a leading global IT services, consulting and business solutions organization, announced that Emirates NBD, the Middle East’s leading financial services group, has successfully deployed a centralized international payments hub for multiple entities, running on TCS BaNCS^TM for Payments.

Global peer-to-peer bitcoin marketplace, Paxful (www.Paxful.com), announced today the addition of Tether (USDT) to its platform. USDT belongs to a class of cryptocurrencies known as stablecoins. A stablecoin is a type of cryptocurrency whose value reflects an existing fiat currency (e.g. US Dollars).

The payment service provider PurePay joins forces with the Danish acquirer and financial institution Clearhaus. Now, Clearhaus will provide the technological rails for Purepay as the ambitious PSP deepens its engagement in the UK.

DPR, the provider of savings and lending origination and servicing solutions, has announced Aldermore as the latest partner to adopt the DPR Distribution Hub. The hub securely transfers product and customer data through APIs to enable third-party intermediary distribution providers such as product sourcing and CRM systems, to integrate seamlessly into Aldermore’s mortgage application process. 

UK headquartered leading new-age wealth-tech platform - Winvesta – has been awarded the ‘FinTech Company of the Year 2020’ for Asia Pacific by Barclays Entrepreneur. In its fifth edition, Barclays Entrepreneur recognizes few of the UK’s most successful home-grown ventures which are disrupting the fintech industry at large.

<p class="rtejustify"><a href="https://www.solidatus.com/" rel=" noopener noreferrer" target="_blank">Solidatus</a>, the leader in metadata management software, today announces a round of strategic hires in support of its recent growth and the significant acceleration of its ambitious business vision, during its most successful year to date.&nbsp;</p>

Tech Nation, the growth platform for tech companies and leaders, has today announced the launch of the Fintech Pledge with support from HM Treasury (HMT) and the Fintech Delivery Panel, to accelerate the growth of the UK’s fintech sector by enabling enhanced collaboration between banks and leading fintech firms.