Fnality International, a fintech startup which provides digital payment infrastructure, has secured £77.7m in a Series B round led by Goldman Sachs and BNP Paribas. Founded in 2019, Fnality is looking to build tokenised versions of currencies backed by funds held in central banks. Among the intended benefits of Fnality’s blockchain-based system is the simplification ... Read more ›
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Finding suitable talent and competition with rival companies are the greatest challenges for European impact CEOs in 2024, a new survey has found. The survey of 1,250 CEOs in Europe, conducted by impact business community Unreasonable, found that sourcing talent and competing with peers each received 27% of the votes for the top challenges in 2024. ... Read more ›
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In this week’s UKTN Podcast, Music For Pets founder Amman Ahmed reveals how he built a successful brand from nothing to a life-changing exit. Ahmed launched Music For Pets as a side project with business partner Ricardo Henriquez in 2017. The pair researched how music can have a therapeutic effect on anxious and overly excited animals. ... Read more ›
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Economics 101 will tell you to study the gap between supply and demand. Where supply is low and demand is high, there is a clear market opportunity. Globally, there are approximately four billion women in the world and yet historically, women’s health has been underserved, underfunded and underrepresented. It is strikingly clear that not enough is ... Read more ›
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George Freeman has resigned as the minister for science, research and innovation amid Prime Minister Rishi Sunak’s cabinet reshuffle. Freeman, who was reappointed as science minister by Sunak in October 2022, said he was stepping down to focus on “health, family wellbeing and life beyond the front bench”. The MP for Mid Norfolk was first ... Read more ›
0
University College London spinout ViaNautis has raised £20m in Series A funding to use nano-engineering technology to deliver treatments to hard-to-reach areas of the body. Previously known as SomaServe, ViaNautis has created a method to deliver molecule-sized treatments to areas such as brain cells and the lungs. ViaNautis says its platform – called ‘polyNaut’ – ... Read more ›
2
Hong Kong has a pro-business administration and well-developed infrastructure that makes it a perfect foothold for UK tech companies not just in China, but in the wider Asia Pacific region. Like many British tech founders, my engagement with Hong Kong began in part due to the sophistication of doing business in Asia Pacific. I’ve been ... Read more ›
0
More than a third of British digital SMEs say that a lack of technically skilled candidates is a major barrier to growth, according to a new report. A survey of 816 SMEs from the Federation of Small Businesses (FSB) found that 38% of companies in the IT sector reported that hiring appropriately skilled staff was ... Read more ›
22
Scottish climate tech company Mocean Energy has scooped £2.7m in new funding for its technology that harnesses wave energy to provide electricity. Mocean Energy has developed a hinged raft that floats in the sea. One device has been designed to power subsea applications such as underwater vehicles, while another much larger version can provide electricity ... Read more ›
8
Open source advocates in the UK have called on the government to ensure AI technologies have sufficient access to public data to support the growth of the UK AI sector. In a joint letter signed by OpenUK, IP Federation, Wikimedia UK and the Entrepreneurs Network, among others, the government was urged to “avoid frictions around ... Read more ›
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With AI fraud on the rise and the global AI market valued at $100bn expected to grow twentyfold by 2030, what does the roadmap to AI regulation look like? Join leading experts for an exclusive opportunity to delve into the dynamic world of AI regulation. Sumsub’s ‘Multiverse’ event will bring together experts for live discussions ... Read more ›
2
The North East Venture Fund, managed by Mercia, has invested £1m into Newcastle-based extended reality (XR) training company Luminous Group. Founded in 2004, under the name Digital Surveys, the company began life as a 3D mapping startup for the construction sector. Jump ahead to 2016 and the firm began deploying its 3D modelling technology in ... Read more ›
2
It’s that time of the year; flu season has just begun and an unpleasant strain of Covid-19 seems to be doing the rounds. After back-to-school time when parents battle bugs dragged home by their children, the winter months are always a busy time for sick days logged, meaning the company wellbeing is more relevant than ... Read more ›
2
Crypto investment scams at Lloyds Bank have surged by almost a quarter this year, according to a warning from the global banking group. Lloyds Bank warned on Friday that the number of British investors being defrauded due to false advertising of crypto investment opportunities was on the rise in 2023. The group claimed the volume ... Read more ›
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Yorkshire’s Bimsense has landed £750,000 from NPIF – Mercia Equity Finance for its building safety software. Its Operance tool is designed to be used by high-risk building owners to evaluate their safety and carry out registration with the Building Safety Regulator. Owners must meet these requirements as a result of the Building Safety Act, which ... Read more ›
1
Fyma, a London-based startup using AI and computer vision technology to analyse video feeds for property managers, has raised $2.1m (£1.7m). Founded in 2019, Fyma’s software analyses real time video to provide insights into property management. The startup said its platform can precisely track footfall, give analysis on space utilisation and occupancy and provide information ... Read more ›
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Diane Gilpin is the founder and CEO of Smart Green Shipping, a company developing wind power solutions for the shipping industry. The company develops hardware, including a retractable wing sail, and proprietary software, such as a wind prediction tool – all aimed at reducing emissions in the shipping industry. Gilpin has worked in tech for ... Read more ›
2
Buy now pay later (BNPL) provider Zilch has almost tripled its revenue as it lays out a path to bottom-line profitability ahead of a possible IPO in 2024. Company filings for the year ended 31 March 2023 show that Zilch’s revenue increased by 173% from £11m the year prior to £30m. The surge in revenue, ... Read more ›
5
An interior design platform that provides tools from “sourcing to procurement” has raised £550,000 in a pre-seed round led by QVentures. Co-founded by designers Lori Bolon and Matteo Grand, Portaire can be used to source more than 40,000 design items, communicate with suppliers and create boards. Bolon said: “After years of working internationally as an ... Read more ›
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Ooodles, a London-based startup that offers flexible renting of tech equipment to SMEs, has raised $12m (£9.8m). The company, founded in 2021, has developed a platform for SMEs to hire computers, phones and other tech equipment on a pay-as-you-go basis. According to Ooodles, the practice of SMEs paying large sums upfront and selling the equipment ... Read more ›
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24.06.2026 09:16
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