Serious Pig founder George Rice wants to pair craft beer with better snacks in British pubs March 4, 2019 The craft beer scene is big business. Hundreds of challenger brands have emerged over the past decade or more to take a bite – well, sip – out of the market share of the mainstream breweries. Some craft beer-makers have become established names, such as controversial Scottish brand BrewDog, while others have been snapped up [...]
Chilango’s minibond offers 8 per cent interest – that’s tasty, but is the burrito bond right for you? February 19, 2019 Last October, the burrito chain Chilango made headlines when it launched a new bond aimed at retail investors that pays an eye-popping eight per cent interest per year for four years. Compared to most high street banks, which currently offer just one or two per cent on cash savings accounts (well below the rate of [...]
Wisdom of crowds: startup brings crowd funding to litigation finance February 11, 2019 When Cormac Leech, chief executive of new crowd funding litigation platform Axiafunder, is questioned about the potential 20-30 per cent returns offered to investors on its website, he doubles down. “If anything I’d say its conservatively 20-30 per cent, we would aspire to do better than that actually,” he says. Any investment offering such stellar [...]
British startups hit by funding drop last year as fintech bucks the trend February 5, 2019 The amount of money pumped into Britain’s startups slipped in 2018, but fintech and blockchain investment provided a silver lining. Funding into the UK’s young companies dropped from 2017’s record high of £8.6bn to £7bn last year, according to data published today by Beauhurst. Deals at seed stage fell 15 per cent to almost the [...]
What’s holding back the female entrepreneurs? February 4, 2019 Achieving gender equality in economic opportunities is a struggle that has many dimensions. Not only is there a pay gap between men and women who are salaried employees, stark gender gaps also exist in the area of entrepreneurship. In particular, more men report being business owners than women, and even when women are business owners, [...]
Hundreds of new UK breweries open as craft beer boom continues January 28, 2019 Hundreds of new craft breweries opened in the last year as boozers defied Brexit fears to drive the growth in independent beer brands. A total of 430 new craft breweries opened in the year to the end of December 2017 as the market share of niche beers continues to rise, according to UHY Hacker Young. [...]
This is the year for businesses to find their purpose in life January 22, 2019 One year ago, BlackRock chief executive Larry Fink called on businesses to define their societal purpose, sending a message to the corporate world that working towards profit alone was no longer good enough. Last week, Fink’s push towards purpose was in the papers again, when a hacker concocted an elaborate hoax in the form of [...]
London fintech startup Jaja Finance picks up £5m with a boost from Celeres January 16, 2019 Credit card fintech startup Jaja Finance has today confirmed the final close of its £3.5m crowdfunding round, boosted by an additional £1.5m from Celeres Investments. The £5m intake adds to an earlier £4.4m raised in seed funding last year, backed by Blystad Group and Pollen Street Capital among others. More than 1,000 private investors took [...]
Monzo ‘absolutely not’ the next Wonga, says founder amid high-cost loan speculation December 5, 2018 Monzo is “absolutely not” going to be the next Wonga, its founder has said, amid speculation the digital bank was planning to move into the high-cost loan space. Tom Blomfield, whose up-and-coming challenger bank this morning completed a landmark £20m crowdfunding round powered by its own customers, told City A.M. he was “categorically not working [...]
Digital bank Monzo ‘to allow customers to go overdrawn’ to buy shares in £20m crowdfunding round November 30, 2018 Challenger bank Monzo will reportedly allow customers to borrow money to buy shares in its most recent fundraising round. The prospectus for the digital bank’s anticipated £20m crowdfunding lets account holders use their £1,000 overdraft to buy shares, but as shares are not openly traded they cannot then be sold to pay off overdrafts, according [...]