The Seed Enterprise Investment Scheme (SEIS) is a piece of government legislation that was designed to help kick start the British economic resurgence following the global financial crisis of 2009. One of the key principles of a nation’s economic growth is entrepreneurship and enterprise, and yet as British banks cautiously tightened the purse strings, it […]
Will Fintech finish banks as we know them?
Cast your mind back to 2010 and remember the huge bailouts that a number of global, high profile banks were granted in the wake of the global financial meltdown that they themselves created. Banks have never been popular, from the hoops one must jump through in order to obtain something as simple as a new […]
Tech North launches Northern Stars
Tech North has announced its intention to launch an initiative targeted at sourcing the brightest young digital entrepreneurs in the North. Imaginatively titled Northern Stars, the initiative will provide support to the most ambitious and driven digital entrepreneurs, having given them the opportunity to showcase their talents on both a national and international stage. Northern […]
UK is Miles Ahead with Fintech Revolution
The UK is running away with its fintech growth and investment in comparison with the rest of the world. Along with Ireland, Britain has seen investment in the financial services technology more than triple in the last year, according to a recent report released by Accenture. The figures reveal that investment in technology in the […]
Tech North Can Leave London’s Tech City in its Wake
With all the headlines that London’s “Tech City” has been making in the last 12 months, the number of potential successful tech start-ups coming out of the north of England could be forgiven for being a touch disgruntled by the lack of exposure their own movement is receiving. This is further exemplified by the fact […]
Seed Enterprise Investment Scheme
The Seed Enterprise Investment Scheme (SEIS) is a government-backed tax incentive aiming to help small startup companies raise finance from investors in return for an equity stake in the business. Chancellor George Osborne introduced SEIS in his Budget 2012. SEIS started on April 6, 2012 and by the end of the 2012-13 tax year, 1,120 […]
Branson gets behind TransferWise
Richard Branson and a variety of other high profile investors have invested $25 million in London-based business, TransferWise. The company was established in March 2010, and offers global currency transfers, without the hidden costs associated with traditional means. The Fintech start-up is one of a handful of innovative companies emanating from the ‘Silicon Roundabout’ district, […]
The Fintech Juggernaut
The rise and rise of fintech as a concept, and as a startup investment opportunity, represents a juggernaut that would appear impossible to halt right now. Funding in financial technology in the banking capital of the world, London, has grown at twice the rate of Silicon Valley since 2008. Banks and financial institutions have never […]