After the discovery that the company may have falsified millions in revenue, the Financial Conduct Authority (FCA) is launching a probe into data firm WANdisco. The WANdisco investigation from the FCA will focus on the period between January 2022 and March 2023 according to the company. A statement from WANdisco said that company announcements over ... Read more ›
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Founders Pledge, the London-based charity programme to encourage tech leaders to donate proceeds, has created a venture capital (VC) initiative to drive investment and donations. The investment project, called Pledge Ventures, will invest in high-growth tech startups with founders who are prepared to support the pledge’s charitable goals. Founders Pledge has company leaders – including ... Read more ›
2
London-based payment provider Paddle’s Christian Owens is stepping down as CEO after more than 10 years in the role. Owens is set to be replaced by Jimmy Fitzgerald, Paddle’s COO who has previously worked at ServiceNow and Oracle. In a Linkedin post, Owens said: “It’s hard for me to put into words the experience of ... Read more ›
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Philip Russmeyer is the founder and CEO of FITFILE, a startup that has created a platform to pull together anonymised health data records for medical research. Russmeyer, who has a background in investment banking and corporate strategy, founded FITFILE in 2020. The London-headquartered company says its platform opens up real-world health data to researchers “in ... Read more ›
3
Almost half (47%) of climate tech leaders said they could not raise enough funding in the last 12 months, according to a survey conducted by London Tech Week. Another significant issue facing those in climate tech (29%) was struggling to find suitable talent. The survey of 900 climate tech leaders follows an overall decline in ... Read more ›
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London-based venture capital firm Kindred Capital’s third fund has closed $130m (£104.6m) to invest in pre-seed startups. Leila Zegna, general partner, Kindred Capital, said: “From fintech to fertility, cell and gene therapy to retirement communities, we see talented founders building businesses in many important spaces that help shape the future trajectory of the country.” Previous ... Read more ›
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Meta is set to relocate the majority of Instagram’s London staff to New York, backtracking from the UK hub plan for the social media giant. In August last year, Instagram head Adam Mosseri moved the majority of operations to the app’s London office in King’s Cross, suggesting the UK capital would form a major part ... Read more ›
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Jaguar Land Rover is committing £15bn across the next five years to invest in autonomous driving, AI and vehicle electrification. Aside from autonomous driving, Jaguar Land Rover’s spending includes transitioning its Halewood plant in Merseyside to producing all-electric vehicles. The plant will house production for an electric Range Rover launching in 2025. “Today I am ... Read more ›
5
London-based delivery tech startup Evermile has raised $6m (£4.8m) in seed funding to grow its platform that automates the distribution of products from businesses. Evermile was founded to simplify the process of companies shipping products to customers. According to the company, the challenge of managing external vendors, such as DPD and Royal Mail, can be ... Read more ›
1
Barclays Eagle Labs has launched its first startup growth programmes after securing the government’s Digitial Growth Grant. The Ecosystem Partnership Programme will provide funding to other initiatives beyond London, such as regional industry events, accelerator mentorship and local tech company support. “We want to give UK tech businesses the best start so their innovation can ... Read more ›
0
Airbnb’s ‘acquisition’ of Letting Cloud was entirely fabricated by the Scottish proptech company’s CEO and founder, a UKTN investigation can reveal, which also uncovered a pattern of false claims from the self-styled “award-winning tech entrepreneur”. Last week Grant MacCusker, CEO of Letting Cloud, claimed the Edinburgh-based company he founded in 2019 had been acquired for ... Read more ›
2
Stockholm-headquartered Einride’s electric trucks have hit UK roads for the first time following a deal with PepsiCo subsidiary Walkers. The electric company has two variants of its electric trucks, one that is autonomous and another driven by a human in locations that require human assistance due to local regulations. Robert Falck, founder and CEO, Einride, ... Read more ›
1
Just Eat Takeaway has raised its profit outlook for the year and announced a €150m (£132m) share buyback programme, despite a drop in orders. The London-listed food delivery company said operational improvements meant it was expecting greater adjusted earnings this year, with the current forecast at €275m (£242m), an increase from the previously predicted €225m. ... Read more ›
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UK-based payment provider Lanistar is preparing to relaunch in its home country after a two-year hiatus stemming from a clash with regulators. The fintech, which first launched in 2020 backed with £2m in seed funding, has been focussing its efforts on the Latin American payments market, which the company claims to have been successful in ... Read more ›
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Innovate UK has awarded the Cambridge biotech firm Maxion Therapeutics a £2m grant from its Biomedical Catalyst fund. The firm, founded in 2020, is working on antibodies for autoimmune diseases and chronic pain “with high unmet clinical need” by targeting the related cell surface proteins. Dr John McCafferty, CEO and co-founder of Maxion Therapeutics, said: ... Read more ›
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The Department for Science, Innovation and Technology (DSIT) has accepted the first placements of its expert exchange scheme in a bid to drive the government’s “tech superpower” goals. DSIT has launched the exchange as an overhaul of the way secondees are brought into the government. The department is keen for experts in deep tech fields ... Read more ›
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SME finance provider Triver has raised £7m in a seed funding round led by Deliveroo and Zoopla backer Stride. Triver provides businesses with short-term working capital. The company claims its service is faster and easier than high street banks. Users of the automated platform can access funds equivalent to as much as 20% of their ... Read more ›
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A Labour government would seek to “unlock the full potential of fintech”, according to the shadow economic secretary to the treasury. At the Innovate Finance Global Summit 2023, Labour MP Tulip Siddiq said her party would look to drive larger investments into the fintech sector if elected. Siddiq said she would be committed to addressing ... Read more ›
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The current buy now pay later (BNPL) regulatory plan includes some unfair exemptions, according to an executive from Jack Dorsey’s payments company Block. Speaking at the 2023 Innovate Finance Global Summit, Michael Saadat, head of international public policy at Block, said that the Treasury’s current plan unreasonably distinguishes BNPL products from specialist firms and major ... Read more ›
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Venture capital firm Foresight Group’s North East fund has received a £20m commitment from British Business Investments to invest in SMEs. The Foresight Group North East fund issues debt and equity investments up to £5m to SMEs across any industry. “We recognise the big impact smaller companies can make to their local areas and will ... Read more ›
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14.06.2026 16:34
Last update: 16:20 EDT.
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