UK authorities have continued a crackdown on illegal crypto ATMs with an investigation into several sites in London that are suspected of hosting the unregistered technology. The Financial Conduct Authority (FCA) has been working with regional police services to conduct investigations into illegal crypto ATMs throughout 2023. The financial watchdog supported a raid by West ... Read more ›
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Patchworks, a company providing ecommerce software tools to retailers, has raised £4m as it brings in a new CEO. The London and Nottingham-based company has been providing clients with ecommerce integration tools since 2014 and is now looking to scale product development with the new cash injection. Patchworks customers use its software to integrate some ... Read more ›
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The majority of equity funding continues to go to companies founded by men – particularly those at a later stage. In fact, just 9% of the UK’s tech unicorns – private companies with a valuation of $1bn or more – were founded by women. But things are slowly changing, and the signs are a bit ... Read more ›
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Here we are, once again on International Women’s Day, looking at gender disparity within the tech industry and tech roles. Overall, it feels like society is shifting in the right way, with positive changes to societal attitudes around gender stereotypes as well as a greater awareness around mental health issues, along with issues that face ... Read more ›
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UK tech companies founded by women last year secured £3.6bn in venture capital funding in 2022, an increase of £700m on the year prior. Data released by the newly formed Department for Science, Innovation and Technology (DSIT) found that eight female-founded UK tech firms secured more than $100m (£83.2m) last year. However, the findings show ... Read more ›
2
Threecolts, a London-based ecommerce platform founded by a former Amazon partner lead, has raised $90m (£75.4m) after completing a Series A funding round. Founded in 2021 by former Amazon API partner lead of EMEA, Yoda Yee, Threecolts develops management software for ecommerce brands and individual merchants to run their Amazon sales channels. Yee’s background working ... Read more ›
27
Online content moderation startup Unitary has raised $8m (£6.7m) from Plural and various angel investors, including former Facebook executive Carolyn Everson. Unitary’s computer vision model aims to automate content moderation for social networks, advertising and media businesses. Unitary’s founders Sasha Haco and James Thewlis originally met in 2019 on Entrepreneur First’s accelerator programme. “Online platforms ... Read more ›
3
London-headquartered fintech Abound has scooped £500m in a combination of debt and equity financing for its AI-powered lending platform. Using open banking technology and AI, Abound says it gets a “holistic” view of a person’s finances such as income, expenses and earnings to determine the borrowing rate for its loans. “Our approach to lending remains ... Read more ›
6
Southampton-based climate tech startup ViridiCO2, which focuses on the decarbonisation of the chemical industry, has closed a £3m seed round. Formed as a spinout from the University of Southampton, ViridiCO2 develops carbon capture technology, a method of decarbonisation that takes and stores CO2 emissions in an environmentally friendly way. ViridiCO2 is looking to decarbonise the ... Read more ›
0
London-based startup Griffin has become the latest fintech to secure a banking licence, albeit with restrictions, after receiving the regulatory nod from the Financial Conduct Authority (FCA). Griffin applied for a UK banking licence last year, which it announced alongside its £12.5m funding round in July. Despite reaching the regulatory milestone, Griffin faces some restrictions ... Read more ›
1
Reading-headquartered software company DiffusionData is creating an engineering and testing facility in Newcastle following a £1m raise from venture capital firm Maven. DiffusionData will establish the new facility at The Core in Newcastle City Centre, where it will hire 10 additional employees. Grethe Brown, CEO, DiffusionData, said: “Our key customers are expanding their use of ... Read more ›
4
Will conversational AI models like ChatGPT be integrated into companion robots? Do they need to be? William Sachiti, the CEO and founder of the Academy of Robotics, shares his view on these questions in the latest episode of the UKTN Podcast. Sachiti is a serial entrepreneur and inventor who moved to the UK from Zimbabwe ... Read more ›
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Northern Irish autonomous recycling startup REP-TEC has been granted a £300,000 loan to add 15 people to its current headcount of 23. Based in County Tyrone, Northern Ireland, the startup’s products include a robotic system that uses computer vision to separate materials such as glass and metal from waste. It also makes automatic balers and ... Read more ›
0
The UK’s fintech industry body Innovate Finance has called for the removal of obstacles and more transparent governance in the Open Finance sector. Issues with the accessing of banking data still remain says a report from Innovate Finance and Boston Consulting Group, citing issues such as outages, bad availability and API request quotas. Janine Hirt, ... Read more ›
1
The London Stock Exchange could be in for another blow to its tech listing aspirations as AIM-listed data firm WANdisco explores the possibility of leaving for a New York listing. First reported by Sky News, WANdisco, which operates in the big data space, has reportedly hired a banker from Evercore Partners to prepare a New ... Read more ›
1
From 1 April the amount that UK companies can claim in research and development (R&D) tax credits will change. Startups developing new technologies will be able to claim less tax relief, while larger businesses will receive more R&D support. Chancellor Jeremy Hunt, who first announced the change in the Autumn Statement, said the move is ... Read more ›
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Belfast-based health tech company GenoME has closed a £1.4m funding round in support of its diagnostics platform for the early detection of ovarian cancer. The investment follows a £300,000 pre-seed round in 2021, which allowed the company to achieve regulatory milestones in the UK. GenoME will use its new finances to complete the testing of ... Read more ›
15
The government has allocated £370m in funding to the newly established Department for Science, Innovation and Technology (DSIT) to invest in technology such as AI and quantum computing. Alongside the funding announcement, DSIT has published its Science and Technology Framework paper, which sets out how the UK can work towards becoming a “science and technology superpower”. ... Read more ›
0
The headlines surrounding tech layoffs have been stark: since the start of the year, 421 tech companies have laid off 119,593 staff globally. In the UK, high rates of venture capital funding that fuelled hiring growth during the pandemic have slowed significantly, dropping by 22% in 2022. In turn, this has had a knock-on impact ... Read more ›
1
London-based software startup Ramp has closed $5m (£4.1m) in seed funding for its automated revenue forecasting tools. The investment round was led by AlbionVC and Eurazeo. Ramp co-founder and chief strategy officer Angus Lovitt launched the company after encountering poor financial forecasts during his time as VP of marketing for King Digital Entertainment, makers of ... Read more ›
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29.06.2026 00:37
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