This week’s UK tech funding deals include AI engineering platform PhysicsX, tax software platform Record OS and more. UKTN tracked £266.48m worth of UK tech investment this week (08 June to 12 June), a 44% week-on-week decrease across six funding rounds. Here’s your weekly roundup of UK tech startup funding deals. PhysicsX – £225m Sector: ... Read more ›
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Liverpool’s fintech sector is contributing £218.8m a year to the region’s economy, according to new data. A new report on Liverpool’s fintech market, published by Whitecap Consulting, has found that the sector – which comprises 42 identified firms – is growing despite, for now, being overshadowed by fintech hubs elsewhere. Startups in the region include ... Read more ›
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Partech and Oxford Science Enterprises have co-led a £25m Series A investment in a London-based AI review software company. Founded in 2014, Prolific has created a platform for researchers to source people to stress test AI models. Its services are used by the likes of Google, the University of Oxford, King’s College London and Stanford University. ... Read more ›
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Tech-focused private equity firm Accel-KKR has agreed to sell business management software provider Kerridge Commercial Systems (KCS) to CapVest Partners. Berkshire-based KCS provides enterprise resource management software to more than 32,000 clients across industries such as construction, automotive, food and beverage and pharmaceuticals. The acquisition was reported by Bloomberg to value the software firm at ... Read more ›
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The Bank of London has applied for a banking licence in the European Union and said it will create 300 new jobs in Luxembourg. The clearing bank said the roles will be in management, compliance, technology and operations in Luxembourg. They come as part of a €200m (£171.3m) investment into the country. “This is a ... Read more ›
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British challenger bank Monzo and Nordic competitor Lunar are reportedly in talks over a possible merger between the two fintech businesses. The possible international merger between Monzo and Lunar was first reported by Bloomberg and discussions are said to be at an early stage. Monzo declined to comment when approached by UKTN. A deal would ... Read more ›
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Biotech company Tenpoint Therapeutics has landed $70m (£54m) in Series A investment to continue developing eye therapeutics. Based in London, Switzerland, France and the US, the biotech firm is working on cell-based therapeutics plus in vivo reprogramming for degenerative ocular diseases. Tenpoint Therapeutics said it will use the proceeds of the Series A round to ... Read more ›
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Arm is reportedly in talks to bring in Nvidia as an anchor investor ahead of its IPO in New York later this year. First reported by the FT, it appears Nvidia is still interested in the Cambridge company despite the regulatory challenges it faced during its attempted acquisition last year. Both Arm and Nvidia declined ... Read more ›
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The chief financial regulator will deliver a speech warning against the risks artificial intelligence (AI) poses to banks, investors and insurers. Nikhil Rathi of the Financial Conduct Authority (FCA) is set to deliver a speech today outlining the potential increase in fraud that could come with the use of AI tools. The FCA chief will ... Read more ›
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Nick Hungerford, the co-founder of investment management platform Nutmeg, has died at the age of 43 from bone cancer. Hungerford recently set up the charity Elizabeth’s Smile with wife Nancy to support and help children who are dealing with losing a parent. It is named after their daughter Elizabeth. “We are deeply saddened to share ... Read more ›
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RideTandem, the mobility startup tackling transport poverty in rural areas, has raised £2.3m as it looks to extend its reach beyond the UK. Founded in 2019, RideTandem’s creation was inspired by difficulties faced by the team when trying to secure reliable transport outside of major cities. The startup works with local taxi, minicab and coach ... Read more ›
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For too long the allocation of pension fund investments into UK startups has been the Moby Dick of British growth policy. Not capturing the gains that this white whale could bring hasn’t just hurt startups, it’s hurt savers too. The pension funds of Canadian teachers have profited more from the success of Silicon Roundabout than ... Read more ›
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The UK competition regulator will continue talks with Microsoft over the terms of its acquisition of Activision Blizzard, following a green light given to the deal by a US judge. The Federal Trade Commission (FTC) in the US had previously requested the deal be blocked over competition concerns similarly shared by the UK’s Competition and ... Read more ›
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Cambridge-based biotech company CellCentric has secured a $25m (£19.3m) investment from US pharmaceutical giant and Covid vaccine maker Pfizer to continue developing its cancer-treating drug. A spinout from the University of Cambridge, CellCentric is developing a new method, called Inobrodib, to treat patients with late-stage relapsed refractory multiple myeloma (RRMM). “We are delighted to partner ... Read more ›
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The UK’s financial regulator has turned off 26 crypto ATMs around the country in a joint operation with law enforcement agencies since the beginning of the year. In total, the Financial Conduct Authority (FCA) has visited 34 places across the UK where illegal crypto ATMs are believed to be operating. “If you use a crypto ... Read more ›
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The UK tech industry has reacted positively to an agreement by nine domestic pension providers to assign 5% of their default funds to “unlisted equities” by 2030 under plans outlined in the chancellor’s Mansion House reforms. The hotly anticipated move will unleash as much as £50bn from defined contribution pensions and £25bn from local government ... Read more ›
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Karta, a London-based startup offering metaverse marketing services to brands and artists, has secured $1.1m (£852,000) in funding despite a drop in market interest in the technology considered by some to be the future of the internet. Founded in 2021, Karta works with brands looking to market themselves in virtual spaces. The startup says it ... Read more ›
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Venture capital firm Eight Roads is leading a $30m (£23.4m) Series B investment into AI logistics company Raft. The London-based firm, formally known as Vector.ai, has created tools to automate elements of the freight industry. Specifically, it is targeted the elements with the “highest ROI” says Raft co-founder and CEO James Coombes, such as accounts ... Read more ›
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Fintech unicorn Checkout.com has entered the identity verification market, with the launch of an AI solution for customer and worker onboarding. The product marks the first new service launched by the firm outside of its core suite of payment solutions. Digital identity verification, which is used to tackle identity fraud and comply with safety regulations, ... Read more ›
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Ocado has opened its first customer fulfilment centre in Asia as the British grocery technology firm amid rumours of a takeover by Amazon and struggling share price. Ocado has deployed the customer fulfilment centre in Chiba-city, Japan, for grocery business Green Beans brand, which is owned by AEON NEXT. “Grocery spend in Asia is set ... Read more ›
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In the latest episode of the UKTN Podcast, Currencycloud co-founder Richard Arundel talks about maintaining a good business culture whilst growing rapidly, explains how developments in cross-border payments have made a real impact on people’s lives and shares his view on the current state of challenger banks. Arundel helped build the payments infrastructure company Currencycloud ... Read more ›
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20.06.2026 18:34
Last update: 18:20 EDT.
News rating updated: 01:20.
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