Payments provider Checkout.com is launching a service for businesses to generate their own physical and virtual cards. The card-issuing offering is a new direction for Checkout.com, whose primary business is processing ecommerce payments for businesses such as Sony, Pizza Hut and Sainsbury’s. Cards issued by Checkout.com will integrate with the London-headquartered company’s payment technology. Meron ... Read more ›
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Oxford-based autonomous driving software startup Oxbotica is partnering with German mobility company Goggo to offer middle-mile delivery services in Europe. Oxbotica’s partnership with Goggo will initially trial its technology for food deliveries with partner retail businesses in Spain. Vehicles will include safety drivers on board who are ready to take the wheel. If all goes ... Read more ›
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West Midlands Combined Authority and West Midlands Pension Fund have launched a £25m fund to invest in high-growth SMEs in the region. The West Midlands Co-investment fund will provide capital to small businesses working in areas such as green technology, advanced manufacturing, life sciences, creative and digital. Private investors will match the £25m on a ... Read more ›
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Oja, a digital supermarket that caters to underrepresented cultures, has secured a pre-seed funding extension featuring Premier League star Raheem Sterling. Founded in 2020, Oja is a London-based platform that sells home comforts to underrepresented cultural and ethnic groups in London and Birmingham, where it offers delivery in less than 24 hours. The company currently ... Read more ›
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Just Eat has cut 1,700 courier jobs and 170 head office staff as the food delivery firm looks to return to a gig economy model. A drop in demand for takeaway delivery has been a big hit to the London-listed firm, which saw customer numbers drop by 9% last year. In an effort to cut ... Read more ›
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Leading crypto exchange Bitget.com is well known in the crypto industry for its trading products, easy on-off ramp Fiat solutions but especially the copy trading platform. The platform launched its partnership with Lionel Messi in October 2022 and is the primary sponsor of the upcoming Coin Bureau conference on 10 June 2023 organised by the ... Read more ›
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Artificial intelligence (AI) remains the hot ticket tech sector, with the release of OpenAI’s GPT4 only fanning the flames. Last week the chancellor, in an effort to ensure the UK can keep pace with a rapidly growing industry, announced a slew of AI policies during the Spring Budget. Startups and investors have become infatuated with ... Read more ›
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Takeaway app Deliveroo has been accused of restricting its couriers’ access to greater earnings by blocking Rodeo, an online service that compares pay rates for gig economy jobs. Rodeo is an app that tracks the earnings of gig economy workers across their different revenue streams and displays the potential earnings from other jobs, giving users ... Read more ›
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A University of Edinburgh spinout has scooped £275,000 from Scottish Enterprise for its wireless internet technology for rural areas. WhiteHaul’s spectrum aggregation technology creates gigabit long-distance backhaul networks in rural and hard-to-reach locations. The startup said it will spend the Scottish Enterprise investment on software and hardware development, customer acquisition and manufacturing. The funds come ... Read more ›
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The CEO of London-listed Trustpilot has stepped down from his position after 16 years in charge of the review service. Peter Holten Mühlmann, who was part of the original founding team that created Trustpilot in 2007, will transition from his position as CEO into the role of non-executive director. Mühlmann will retain some responsibilities at ... Read more ›
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Vertical farming startup Harvest London has raised an unknown amount of investment from Foresight Group to build a new site near Croydon. Harvest London’s third farm will be 140,000 square feet and based in Beddington, London, adding to its existing two sites in the UK capital. Chris Davis, founder of Harvest London, said: “While you ... Read more ›
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Blockchain music startup SphereTrax has picked up £250,000 in pre-seed funding from venture capital firm Jenson Funding Partners. Founded by composer Sefi Carmel, SphereTrax’s platform allows musicians to publish and licence their music using the blockchain to third parties such as games and films. “The industry has always been weighted against creators, giving control and ... Read more ›
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A global pandemic, war in Europe, the energy and cost of living crisis, the lingering effects of Brexit, and the largest bank failure since 2008 — the last few years have been times of previously unimaginable disruption. Yet despite these challenges, the UK tech scene became only the third country to cross the $1tn value ... Read more ›
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Banking giant Barclays has led a £5m investment round into electric cargo bike delivery company Zedify through its Sustainable Impact Capital fund. Zedify will use the capital influx to expand its eco-delivery bikes in additional locations, including Manchester and Birmingham. Zedify said this will generate 120 jobs. The Cambridge-founded company has created a last-mile delivery ... Read more ›
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The UK government has been vocal about its ambition to make the country a “science and tech superpower”. In that spirit, it has unveiled a 10-year strategy, backed by £2.5bn of public funding, to support Britain’s quantum computing industry. Announced by the chancellor in his recent Spring Statement speech, the new National Quantum Strategy offers ... Read more ›
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The University of Cambridge and its spinouts contribute almost £30bn to the economy annually, according to new research. The figures, calculated by the consultancy group London Economics, show that every £1 spent by the University of Cambridge returns £11.70 to the economy. The analysis found that more than £23bn of the university’s economic output was ... Read more ›
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Shared workspace company Patch will open two more locations in Twickenham and High Wycombe following a £3m raise. The hybrid working company says it is aiming to bring life back to the high street with “neighbourhood workspaces” that encourage people to work “near home”. The company, which launched in 2020, started with a site in ... Read more ›
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The UK subsidiary of Silicon Valley Bank (SVB) paid out £15m in bonuses for executives and other staff just days after it was acquired in a £1 rescue deal by HSBC. First reported by Sky News, HSBC signed off on the staff payout last week. The report stated that bonuses would not have been paid ... Read more ›
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Last week, the tech startup ecosystem narrowly missed disaster after HSBC acquired Silicon Valley Bank’s UK division in an eleventh-hour deal. For startup founders who held most or all of their capital with the specialist lender, it was a nerve-wracking 48 hours. One of those startup founders is Toby Mather, the CEO of edtech company ... Read more ›
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Recent headlines haven’t painted blockchain in the best light. It is often bundled in with cryptocurrency, as evidenced by last year’s crypto failures including Terra Luna’s collapse, followed by Three Arrows Capital and Celsius, plus FTX’s implosion amid allegations of large-scale fraud involving client funds. This caused net trust in the cryptocurrency space across 17 ... Read more ›
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28.06.2026 21:28
Last update: 20:50 EDT.
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