Yonder, a credit card startup company and Startups 100 alumni, has recently announced that it has received a new round of Series A funding to help it continue to grow and scale the business. The Series A funding, to the tune of $62.5 million, was co-led by Northzone and RTP Global alongside angel investors Joseph Moore, founder of Crust Bros, and…
Peer-to-peer or P2P lending allows startups to obtain loans directly from individual investors, cutting out financial institutions. It connects companies looking for funding with lenders who want to invest.P2P lending sources increased following the 2008 financial crisis when traditional lenders introduced stricter lending criteria. Most P2P lending takes place through online…
Over four in five entrepreneurs believe that the shift to remote funding rounds in our new era of remote and hybrid working has opened new growth opportunities, according to a recent poll conducted by Pitch, a collaborative presentation platform. The surge is attributed to a growing confidence in remote fundraising efforts,…
Case study: calculating EBITDA for TechFab Innovations LtdTechFab Innovations Ltd is a company that designs and manufactures innovative tech accessories. To calculate their EBITDA for the fiscal year, they follow these steps: Gather financial data:Earnings: TechFab's total revenue for the year was £2,500,000.Interest: They paid £50,000 in interest on loans they…
Listing on AIM vs Standard List (Main Market)When it comes to taking a business public, the United Kingdom offers two distinct choices: the Alternative Investment Market (AIM) and the Standard List, also known as the Main Market. These two options provide businesses with avenues to raise capital from public investors, but…
A reversal of remote work policies is underway at several prominent UK banks, as they introduce mandatory in-office attendance to enhance productivity. Lloyds, for instance, has called upon its employees to return to the office twice a week, while HSBC is preparing for three office days per week, starting in…
In a significant move to bolster small businesses across the United Kingdom, the UK government has allocated £1 billion through its Start Up Loans scheme. This initiative, designed to aid entrepreneurs in launching and expanding their enterprises, has now extended financial support to over 100,000 businesses nationwide.Delivered through the state-owned British…
The fundamentalsWhen do you need a pitch deck?When you want to present your business plan to potential investors for funding to develop the business. You don’t need one if you are growing and funding business development organically.What is the aim of a pitch deck?To persuade investors to invest in your…
“Finfluencers” versus financial advisorsIn recent years, more and more businesses have sprung up to challenge the money matters status quo and make finance easy. The rise of finance influencers on platforms like Instagram or TikTok are part of this revolution, transforming the way people consume financial advice and information. These…
How to liquidate a companyHere are the steps you need to follow in order to liquidate your company:Step 1: Appoint a liquidatorAppointing a liquidator is a crucial step in the process of company liquidation. Finding the right professional can make a significant difference. Start by researching licensed insolvency practitioners who have…
What can affect your company’s valuation?There are a couple of things that affect your company’s valuation, for better or for worse. Here are the factors and ways you can mitigate or reduce them, as well as improve on their valuation-increasing attributes.Assets Reducing factor: if your company has a lot of outdated…
In a declining economy, startups face an uphill battle when it comes to securing funding.…
With all of the recent news about artificial intelligence (AI), it got me thinking about…
A while back, I took a couple of my grandchildren on a tour of the…
Startups face numerous challenges on their journey to success, and failing to overcome any one…
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