London-based flexible wage fintech and workplace finance platform Stream has closed a $90m (£66.8m) Series D funding round. Founded in 2018 as Wagestream, the company launched to give employees early access to earned wages as a response to the often predatory pay day loan operators. Since then, the firm has grown into a broader financial ... Read more ›
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Prime Minister Sir Keir Starmer has declared the UK will hold firm on its objection to ambitions from the US president to seize Greenland, a move which could prompt economic retaliation from Britain’s formerly closest ally. President Donald Trump has said 10% tariffs will be imposed on European nations that defend the position of Greenland’s ... Read more ›
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TeamFeePay, a sports tech company based in Belfast, has secured a £9m investment in support of its football club management software offering. Founded in 2021, TeamFeePay has developed a software platform to help grassroots football clubs plan matches, training, events and track key metrics such as attendance. The company was co-launched by Liam McStravick, who ... Read more ›
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The Westcott Space Hub, a new £20m innovation facility, has been opened in Buckinghamshire to provide cutting-edge facilities for businesses in the sector. With space tech predicted by the government to be a key economic driver for the future, the UK Space Agency has backed the new hub in partnership with URA Thrusters, Patrizia Hanover ... Read more ›
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Digital bank Monzo is launching a new tax reporting tool for its business customers ahead of new requirements coming into place later this year. The Making Tax Digital (MTD) for Income Tax changes, coming into effect in April, will require sole traders and landlords to use approved software to submit income and expense information to ... Read more ›
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Elyos AI, a London-based platform launched to support trade businesses, has secured a $13m (£9.7m) Series A investment to accelerate international expansion. Working with plumbers, electricians, HVAC operators and more, Elyos AI was built to automate customer communications, booking, dispatch and follow-ups, essentially acting as an agentic portal for all customer operations. Elyos’s agents can ... Read more ›
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Growth capital investment group BGF has named its head of portfolio Ben Barker (pictured) as its new chief investment officer. Barker has spent a decade at the investment group, which has backed firms including Oxa, Paddle and Dice. He joined the firm as an investor in 2016 based out of Manchester. Barker was named head ... Read more ›
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The British government has assembled a group of leading businesses to jointly advocate for better cyber defence practices in line with the Tech Department’s Software Security Code of Practice. A total of 13 firms have been selected to form the UK’s first Software Security Ambassadors group, including Lloyds Banking Group, Sage, Accenture and CISCO. The ... Read more ›
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The London Stock Exchange Group (LSEG) has signed a deal with Amazon Web Services (AWS) that will move the organisation’s high-speed financial data operations to the cloud. The firms hope that the new expanded partnership will allow financial institutions to access LSEG’s market data with greater speed and flexibility. LSEG’s data operation is among its ... Read more ›
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Venture capital investment into UK startups and scaleups in 2025 grew annually for the first time in four years, according to new analysis. Research from HSBC Innovation Banking UK and Dealroom revealed that $23.6bn of VC investment went into British businesses last year, representing a 35% increase from 2024. This growth marks the first annual ... Read more ›
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London-based security startup Cyb3r Operations has secured a $5.4m (£4m) investment round led by Octopus Ventures. Founded in 2021, Cyb3r Operations was launched to replace fragmented corporate risk management processes. The company’s platform offers oversight of an organisation’s tech stack, providing guidance on risk factors beyond scores and grades. “One of the biggest problems in ... Read more ›
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The government will continue its investments in AI as a way to improve the UK’s networks of roads and rail, according to the chair of the Transport Select Committee. Addressing transport and AI industry leaders in parliament, MP and committee chair Ruth Cadbury praised existing uses of AI and partnerships with specialist providers to tackle ... Read more ›
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WestBridge III, a lower-mid market tech-focused private equity fund, has secured a £34m commitment from the British Business Bank. With offices in London, Manchester and Cardiff, WestBridge backs high-growth tech firms across the UK with investments between £10m and £40m. “With this new commitment, we can continue to back promising companies across the Nations and ... Read more ›
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US tech giant Oracle has signed a new cloud agreement with the British Ministry of Defence (MoD) to replace legacy technology systems with the firm’s Oracle Cloud Infrastructure (OCI). The stated goal of the agreement is for the MoD to modernise its capabilities, which will include the increased incorporation of AI capabilities and “more effective ... Read more ›
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Digital ID technology will remain “essential” to the future of public services, despite the prime minister’s decision to scrap plans for its mandatory use among workers, according to a prominent think tank. Sir Keir Starmer ditched a previously announced plan to require digital IDs to verify the right to work among job applicants, instead deciding ... Read more ›
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A new London-based workplace rewards startup, incentifi, is preparing for the launch of a closed pilot having secured its initial pre-seed investment of £150,000, UKTN can exclusively reveal. The startup aims to encourage improved physical and mental health in the workplace with a platform that offers employees reward points based on exercise and healthy choices. With the ... Read more ›
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AI legal tech firm Definely has named Sigurjón Ísaksson, the company’s head of AI, as its new chief technology officer. A former machine learning engineer at Samsung, Ísaksson has held a number of prominent roles across tech startups, including co-founding the family-oriented fintech Nosso. The automation specialist was hired by Definely, known for its generative ... Read more ›
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York-based tech firm Phoenix Software has secured a £75m contract with the Ministry of Defence (MoD) to provide visibility and control over the department’s software spending. The three-year deal, called the Value Added Software Agreement (VOSA), is designed to “centralise and optimise the procurement of commercial off-the-shelf software across the MoD”. Phoenix Software said through ... Read more ›
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The British Private Equity and Venture Capital Association (BVCA) will rebrand to UK Private Capital, aiming to reflect in its new name the evolution of the country’s investment industry. The trade association which represents the UK’s private investment community was founded in 1983 and has since grown to more than 600 firms. It has decided ... Read more ›
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The UK saw a record number of tech incorporations in 2025, with the number of new firms founded soaring by almost 50% in the past five years. New analysis from consulting firm RSM UK has found there were 56,615 new tech incorporations last year, a 17% rise from the previous year and 47% greater than ... Read more ›
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06.03.2026 05:24
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