Snoop (company)
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Snoop (company)
Snoop is a UK-based financial technology company. Headquartered in London and Norwich, the company was incorporated in January 2019 and is regulated by the UK Financial Conduct Authority. It was founded by Dame Jayne-Anne Gadhia, Scott Mowbray, John Natalizia, and Ken Donald. In 2023, Vanquis Banking Group acquired Snoop for an undisclosed sum. History Snoop was established in January 2019. The company was founded by a cooperative made of former Virgin Money executives, including Dame Jayne-Anne Gadhia, Scott Mowbray, John Natalizia, and Ken Donald. Initial seed funding of £3.2 million was raised in May 2019 from investors including Sir Lloyd Dorfman, the Havisham Group, and Salesforce Ventures. The company launched its mobile application in April 2020. By 2022, the app had one million downloads. As of 2023, the company had raised approximately £40 million in funding through seed, crowdfunding, and Series A investment rounds. On 31 July 2023, the company was acquired b ...
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Open Banking
In financial services, open banking allows for financial data to be shared between banks and third-party service providers through the use of application programming interfaces (APIs). Traditionally, banks have kept customer financial data within their own closed systems. Open banking allows customers to share their financial information securely and electronically with other banks or other authorized financial organizations such as payment providers, lenders and insurance companies. Proponents argue open banking provides greater transparency and data control for account holders, and could allow for new financial services to be provided. Proponents also say that it aims to promote competition, innovation, and customer empowerment in the banking and financial sectors. Opponents argue that open banking can lead to greater security risk and exploitation of consumers. The first open banking regulations were introduced by the European Union in 2015, and many other countries have int ...
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Series A Round
A series A is the name typically given to a company's first significant round of venture capital financing. It can be followed by the word round, investment or financing. The name refers to the class of preferred stock sold to investors in exchange for their investment. It is usually the first series of stock after the common stock and common stock options issued to company founders, employees, friends and family and angel investors. Series A rounds are traditionally a critical stage in the funding of new companies. Series A investors typically purchase 10% to 30% of the company. The capital raised during a series A is usually intended to capitalize the company for 6 months to 2 years as it develops its products, performs initial marketing and branding, hires its initial employees, and otherwise undertakes early stage business operations. It may be followed by more rounds ( Series B, Series C, etc). Sources of capital Because there are no public exchanges listing their sec ...
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British Companies Established In 2019
British may refer to: Peoples, culture, and language * British people, nationals or natives of the United Kingdom, British Overseas Territories and Crown Dependencies. * British national identity, the characteristics of British people and culture * British English, the English language as spoken and written in United Kingdom of Great Britain and Northern Ireland and, more broadly, throughout the British Isles * Celtic Britons, an ancient ethno-linguistic group * Brittonic languages, a branch of the Insular Celtic language family (formerly called British) ** Common Brittonic, an ancient language Other uses *People or things associated with: ** Great Britain, an island ** British Isles, an island group ** United Kingdom, a sovereign state ** British Empire, a historical global colonial empire ** Kingdom of Great Britain (1707–1800) ** United Kingdom of Great Britain and Ireland (1801–1922) * British Raj, colonial India under the British Empire * British Hong Kong, colonial Ho ...
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Software Companies Based In London
Software consists of computer programs that instruct the execution of a computer. Software also includes design documents and specifications. The history of software is closely tied to the development of digital computers in the mid-20th century. Early programs were written in the machine language specific to the hardware. The introduction of high-level programming languages in 1958 allowed for more human-readable instructions, making software development easier and more portable across different computer architectures. Software in a programming language is run through a compiler or interpreter to execute on the architecture's hardware. Over time, software has become complex, owing to developments in networking, operating systems, and databases. Software can generally be categorized into two main types: # operating systems, which manage hardware resources and provide services for applications # application software, which performs specific tasks for users The rise of cloud ...
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Webby Awards
The Webby Awards (colloquially referred to as the Webbys) are awards for excellence on the Internet presented annually by the International Academy of Digital Arts and Sciences, a judging body composed of over three thousand industry experts and technology innovators. Categories include websites, advertising and media, online film and video, mobile sites and apps, and social. Two winners are selected in each category, one by members of The International Academy of Digital Arts and Sciences, and one by the public who cast their votes during Webby People's Voice voting. Each winner presents a five-word acceptance speech, a trademark of the annual awards show. In its early years, the award was hailed as the "Internet’s highest honor" and was associated with the phrase "The Oscars of the Internet." History In its early years, the organization was one of several vying to be the premiere internet awards show. Both shows would compare themselves to the Oscars, as did media ou ...
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Forbes
''Forbes'' () is an American business magazine founded by B. C. Forbes in 1917. It has been owned by the Hong Kong–based investment group Integrated Whale Media Investments since 2014. Its chairman and editor-in-chief is Steve Forbes. The company is headquartered in Jersey City, New Jersey. Sherry Phillips is the current CEO of Forbes as of January 1, 2025. Published eight times per year, ''Forbes'' feature articles on finance, industry, investing, and marketing topics. It also reports on related subjects such as technology, communications, science, politics, and law. It has an international edition in Asia as well as editions produced under license in 27 countries and regions worldwide. The magazine is known for its lists and rankings, including its lists of the richest Americans (the Forbes 400, ''Forbes'' 400), of 30 notable people under the age of 30 (the Forbes 30 Under 30, ''Forbes'' 30 under 30), of America's wealthiest celebrities, of the world's top companies (the Fo ...
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Open Banking
In financial services, open banking allows for financial data to be shared between banks and third-party service providers through the use of application programming interfaces (APIs). Traditionally, banks have kept customer financial data within their own closed systems. Open banking allows customers to share their financial information securely and electronically with other banks or other authorized financial organizations such as payment providers, lenders and insurance companies. Proponents argue open banking provides greater transparency and data control for account holders, and could allow for new financial services to be provided. Proponents also say that it aims to promote competition, innovation, and customer empowerment in the banking and financial sectors. Opponents argue that open banking can lead to greater security risk and exploitation of consumers. The first open banking regulations were introduced by the European Union in 2015, and many other countries have int ...
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Equifax
Equifax Inc. is an American multinational consumer credit reporting agency headquartered in Atlanta, Atlanta, Georgia and is one of the three largest consumer credit reporting agency, consumer credit reporting agencies, along with Experian and TransUnion (together known as the "Big Three"). Equifax collects and aggregates information on more than 800 million individual consumers and more than 88 million businesses worldwide. In addition to credit and demographic data and services to business, Equifax sells credit monitoring and fraud prevention services directly to consumers. Equifax operates or has investments in 24 countries in the Americas, Europe, and Asia-Pacific, Asia Pacific. With more than 14,000 employees worldwide, Equifax has nearly US$5 billion in annual revenue and is traded on the New York Stock Exchange (New York Stock Exchange, NYSE) under the symbol EFX. History Equifax was founded as the Retail Credit Company by Cator and Guy Woolford in Atlanta, Atlanta, Geo ...
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Crowdfunding
Crowdfunding is the practice of funding a project or venture by raising money from a large number of people, typically via the internet. Crowdfunding is a form of crowdsourcing and Alternative Finance, alternative finance, to fund projects "without standard financial intermediaries". Mollick, E. (2014). ''The dynamics of crowdfunding: An exploratory study.'' Journal of Business Venturing. Vol. 29, pp. 1–16. In 2015, over was raised worldwide by crowdfunding. Although similar concepts can also be executed through mail-order subscriptions, benefit events, and other methods, the term crowdfunding refers to internet-mediated registries. This modern crowdfunding model is generally based on three types of actors – the project initiator who proposes the idea or project to be funded, individuals or groups who support the idea, and a moderating organization (the "platform") that brings the parties together to launch the idea. The term crowdfunding was coined in 2006 by entrepreneur an ...
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Jayne-Anne Gadhia
Dame Jayne-Anne Gadhia, (born 19 October 1961) is a British businesswoman. She is the Founder and Executive Chair of the fintech Snoop. She was the CEO of Virgin Money from 2007 to 2018. Early life Gadhia was born in Stourbridge, Worcestershire (now West Midlands), and educated at Culford School, Bury St Edmunds, followed by Royal Holloway, University of London where she graduated with a BA in History. Career From 1982, Gadhia trained in accountancy with Ernst & Young. After becoming a Chartered Accountant, she spent six years at Norwich Union (now Aviva) before becoming one of the founders of Virgin Direct in 1995. Three years later, she set up the Virgin One account, which was acquired by The Royal Bank of Scotland in 2001. After five years at RBS she returned to Virgin as CEO of Virgin Money in 2007 until its sale in 2018. Advocacy Gadhia is an advocate for gender diversity in business. She has also been open about her experiences of depression, and believes that better ...
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Seed Money
Seed money, also known as seed funding or seed capital, is a form of securities offering in which an investor puts capital in a startup company in exchange for an equity stake or convertible note stake in the company. The term ''seed'' suggests that this is a very early investment, meant to support the business until it can generate cash of its own (see cash flow), or until it is ready for further investments. Seed money options include friends and family funding, seed venture capital funds, angel funding, and crowdfunding. Usage Traditionally, companies that have yet to meet listing requirements or qualify for bank loans, recognize VC as providers of financial support and value added services. Seed money can be used to pay for preliminary operations such as market research and product development. Investors can be the founders themselves, using savings and loans. They can be family members and friends of the founders. Investors can also be outside angel investors, venture ...
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