News Briefing - Crowdfunding, SME And Alternative Finance

Construction workers eat lunch 200 feet up in the air.

1. UK – FinTech 



Altfi reports: 

“Green finance is here to stay and NatWest has just pledged a huge sum of money to help ensure that. 

The bank has promised a whopping £100bn of climate and sustainable funding and financing for its customers by the end of 2025. 

As well as pledging the £100bn, NatWest is also planning to launch an SME green loan—an approach favoured off the back of the Springboard to Sustainable Recovery report, co-authored by NatWest and several other financial institutions, which found the UK’s carbon reduction can be delivered by SMEs. 

SMEs can help reduce the UK’s carbon footprint through funding, knowledge and training—all things NatWest will help to achieve under its new initiative.” 


2. UK – FinTech 

Finextra reports: 

“An independent forum backed by the likes of Accenture, CGI Group and Ripple has launched to push for the implementation of a digital pound and digital money ecosystem. 

Chaired by Barclays veteran Jeremy Wilson, the Digital Pound Foundation argues that the adoption a CBDC will underpin the UK's transition to an "innovative, inclusive digital economy and society".

Citing BIS research showing that 10% of central banks representing 20% of the world’s population are likely to issue a CBDC for the general public in the next three years, the foundation claims that a digital pound is vital to maintaining the UK's leading position in fintech.

The foundation may be pushing at an open door: earlier in the Spring the UK Treasury launched a joint taskforce with the Bank of England to explore the case for introducing a Central Bank Digital Currency in the UK.” 


3. US – FinTech 

Altfi reports: 

“Crypto has been on everyone’s minds recently, from governments to fintechs to some of the world’s most prominent financial institutions. 

Now, it’s the turn of one of the world’s largest fintechs, Stripe. 

Last night on Twitter, Stripe’s head of engineering Guillaume Poncin announced that he was tasked with building out Stripe’s new crypto team. 

Stripe and crypto have grown up at the same time; we started writing code the year after the Bitcoin paper dropped,” Stripe’s co-founder John Collison also tweeted. 

“We’ve always kept an eye on things (e.g. bitcoin support 2013-2015) but last few years’ developments (L2s, new chains, stablecoins, DeFi) are particularly exciting.” 

Poncin is looking for four engineers across the fintech’s New York, San Francisco and Seattle offices—with one remote crypto engineer added into the mix too—to help build Stripe’s crypto team.” 


4. US – FinTech 

Finextra reports: 

“London-based mPOS vendor SumU has acquired Fivestars, a US local commerce network that combines a marketing platform with integrated payments, for $317 million in a mix of cash and stock. 

Following a €750 million raise in March 2021, one of the most significant debt financings for any privately backed startup in Europe, SumUp is executing on its commitment to international expansion.

The acquisition is SumUp's first in the US and will provide the company with access to the more than 70 million consumer members and 12,000 small businesses within Fivestars' network, which currently drives over $3 billion in sales and 100 million transactions per year.” 


5. US – FinTech 


Crowdfundinsider runs an advertorial on the launch of a new crypto app: 

SupraFin provides an intelligent app with institutional-like investment algorithms in the background that assess the relative value of hundreds of cryptocurrencies and recommends the most appropriate as part of a diversified portfolio based on the client’s risk profile preferences. 

The app allows any individual interested in cryptocurrencies to invest with as little as $100 but still benefit from a sophisticated investing solution. The SupraFin iOS app, launched in mid-September 2021, is available for download via the Apple App Store 

Based in Dover, Delaware, SupraFin was established by professionals with more than 15+ years of experience in cryptocurrencies, risk models, complex investment products, portfolio management, trading, quantitative analysis, and software development.”