Tech giant Microsoft, VC firm Impact X Capital Partners and Spring Innovation have launched a programme for water tech projects from Black and female founders. Those selected for the Impact X Venture Studio initiative will share seed funding of £250,000, cloud credits worth up to £120,000 and access to offices. “The Impact X Venture Studio ... Read more ›
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Digital mortgage broker Habito has secured fresh funding and appointed a replacement for its outgoing CEO. The undisclosed fresh investment came from Habito’s previous backers Augmentum Fintech, SBI Investment, Volution and Bootstrap Europe. London headquartered Habito provides tools including mortgage switching, and home-buying services. Ying Tan will become the company’s new CEO – pending Financial ... Read more ›
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Investors have high expectations for a medicinal cannabis startup based on the Isle of Man, which has secured a £1m seed funding round. Grow Lab Organics – founded by Alex Fray, Charlie Price, and Charlie Lyons – is researching and growing different strains of medicinal cannabis. The budding startup is aiming to capitalise on a ... Read more ›
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Deep tech-focused VC firm IQ Capital has secured $400m (£320m) across two funds to continue investing in the sector. London and Cambridge-based IQ Capital achieved a final close of $200m (£160m) for its fourth fund and launched its second growth fund of the same size. Kerry Baldwin, managing partner and co-founder of IQ Capital, said: ... Read more ›
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HM Treasury and the Bank of England are continuing to explore the development of the digital pound with an extension of their joint consultation. The four-month consultation period to determine how and if the UK should approach the building of a state-backed cryptoasset was originally set to end next week. The departments have since postponed ... Read more ›
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HSBC has unveiled a £15bn lending fund for UK SMEs, with £500m funding dedicated specifically to the technology sector. The bank has further fenced off lending for overseas trading firms (£2bn), agriculture (£1.2bn) and franchise businesses (£500m). The regional breakdown for the HSBC SME fund is: London £3bn Midlands £2.7bn North £3.3bn South £4bn Wales ... Read more ›
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The UK competition watchdog has responded to the recent AI regulatory white paper, warning of the potential competition risks that the technology poses. In March, the government published its sector-specific AI white paper in the first attempt to get a handle on implementing regulation for the rapidly growing technology. The Competition and Markets Authority (CMA) ... Read more ›
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Digital Catapult has begun working with tech giant Nvidia on a creative tech firm challenge in the West of England. Nvidia and Digital Catapult will fund selected companies on the initiative with a maximum of £50,000 to develop a prototype or innovate on prior work. Dr Jeremy Silver, CEO, Digital Catapult said: “This new MyWorld ... Read more ›
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Mandana Ahmadi is the CEO and co-founder of Alena, a company harnessing computational neuroscience to decode the mental patterns that drive social anxiety. The London-headquartered company, which is aiming to tackle the world’s mental health crisis, has created an app that analyses the mental patterns that cause people social anxiety using games that simulate real-life ... Read more ›
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In a boom period that began at the end of the 2008 financial crisis, the UK tech sector has attracted an influx of financial institutions and venture capitalists seeking investment opportunities among up-and-coming companies. Even during the current period of economic uncertainty, Britain remains the largest tech sector in Europe and the third largest in ... Read more ›
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Tech worker maximum wages have climbed by as much as 30% since last year despite a negative economic outlook, new research as found. According to a report from the tech recruitment agency Aspire, even though a number of high-profile firms have had to announce layoffs this year – including Benevolent AI, Just Eat, and Deliveroo ... Read more ›
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Tandem Bank has hit a full year of operating profit for the first time in company history after transitioning into a ‘green bank’. As revealed in the company’s financial report today, the challenger bank’s deposits increased by over 126% in 2022, from £771m to £1.75bn. The firm also increased its lending to £1.2bn, resulting in ... Read more ›
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Manchester-based financial software maker Red Flag Alert has raised £3.5m from the venture capital firm Foresight Group. Red Flag Alert provides financial software tools such as B2B market research, credit checks, anti-money laundering compliance, digital ID verification, portfolio management and data analysis. Red Flag Alert will use the funding boost to further develop its products ... Read more ›
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Clinical trial software developer Lindus Health has revealed has received backing from PayPal co-founder and billionaire investor Peter Thiel. It comes as the startup secured £436,603 in grant funding from Innovate UK in May. Total investment for Lindus Health now stands at $6m (£4.8m) from the likes of Thiel, Firstminute Capital, Seedcamp, Hambro Perks and ... Read more ›
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Fintech unicorn Revolut has surpassed 30 million customers worldwide amid ongoing difficulties with UK regulators as it awaits an official decision for its banking licence application. The financial services company has grown its retail customers by almost one million in the last month, with five million new users added since it hit the 25 million ... Read more ›
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London-based AI medical imaging startup Hypervision Surgical has scooped £6.5m in an oversubscribed seed round. The King’s College London spinout is developing medical imaging for surgery by combining AI hyperspectral imaging and edge computing. Michael Ebner, CEO and co-founder of Hypervision Surgical, said: “Imagine a complex tumour surgery where surgeons can rely on precise measurements ... Read more ›
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Monzo has achieved monthly profitability for the first time, a major milestone for the digital challenger bank as it narrowed its substantial losses for the 2023 financial year. The London-headquartered fintech said on Wednesday that revenue for the year ended February 2023 increased from £154.2m to £355.6m. While Monzo said it made a profit in ... Read more ›
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Figures in the UK AI community have had a mixed reaction to the strongly worded warning that AI posed a genuine risk of human “extinction”. The joint statement, organised by the Centre for AI Safety and signed by prominent AI experts including OpenAI’s Sam Altman, was published yesterday. The statement read: “Mitigating the risk of ... Read more ›
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London-headquartered fintech company Monneo, a provider of virtual IBAN accounts, has entered special administration. Corporate restructuring firm FRP Advisory has been appointed joint special administrators to salvage customer funds from the insolvent fintech company. Monneo, formed in 2016, provides ecommerce account services including banking, cards, FX and payouts. It was told to cease all regulated ... Read more ›
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The chief executive of the Financial Conduct Authority (FCA) has met with leaders in the Northern Ireland fintech community to discuss the region’s strengths and opportunities. Nikhil Rathi, who was appointed as the CEO of the UK financial regulator in 2020, met with regional fintech companies at the event hosted by the financial service consultancy ... Read more ›
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14.06.2026 09:50
Last update: 09:45 EDT.
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