Wales could be transformed into one of the UK’s leading tech ecosystems if the Welsh government can overcome a number of challenges holding it back, according to a new report. A report published by the Coalition for a Digital Economy (Coadec), a UK startup policy nonprofit, identified a lack of diverse investment routes, isolation of ... Read more ›
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Tamas Kadar is the co-founder and CEO of SEON, an Anglo-Hungarian fraud prevention company that spots potential scammers in online transactions. Kadar founded SEON in 2017 with his co-founder when they were still at university. The company’s technology looks at the “digital footprint” of customers to find fake accounts and prevent fraud. In April 2022, ... Read more ›
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The West Midlands Combined Authority has appointed Martin Ward as the region’s first tech commissioner to champion the digital sector in Birmingham and the surrounding towns and cities. The region has been searching for a tech commissioner for several months, having announced its plans to appoint someone to the role in October last year. Ward ... Read more ›
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SoftBank, the owner of Cambridge chip designer Arm, has selected the US for its long-awaited public listing in a rebuff of the UK’s tech IPO market. While SoftBank’s decision will come as a blow to the UK politicians who had been lobbying for a blockbuster London IPO, Arm’s chief executive provided a glimmer of hope ... Read more ›
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Customer relationship management (CRM) software company Attio has raised $23.5m (£19.6m) in Series A capital. Users of the London-based CRM scaleup include ChatGPT creator OpenAI and Coca-Cola. More than 2,000 customers use Attio’s “customisable” CRM software, which provides tools such as automatic record creation and bulk personalised email sending. “We’ve seen challenger CRMs come to ... Read more ›
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Block, the US tech firm founded by Twitter creator Jack Dorsey, will invest £2m into a Birmingham-based community business investment programme backing firms in the West Midlands. ART Business Loans is a not-for-profit community development finance institution (CDFI) that provides loans to businesses unable to access finances from banks and other mainstream lenders. The £2m ... Read more ›
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Revolut auditor BDO has said it was unable to unable to independently verify three-quarters of the fintech company’s revenue, warning that some information may be “materially misstated”. The London-based fintech unicorn posted its overdue financial results for 2021 on Wednesday, showing it had achieved ful-year profitability for the first time. The report stated the company ... Read more ›
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Events planning software company OnePlan has secured $6m (£5m) in investment from Elysian Park Ventures and Verance Capital. The London-headquartered firm’s software has been used for live events at Silverstone, Arsenal Football Club and will be used in the upcoming Paris 2024 Olympic and Paralympic Games. Event planners can use OnePlan to simulate event scenarios ... Read more ›
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Venture capital firm Atomico has appointed former Snowflake executive Thibaut Ceyrolle as a partner to head its sales and go-to-market division. Ceyrolle was the first EMEA employee and geo vice president for Silicon Valley cloud business Snowflake, which went on to IPO for $33bn. “Thibaut was central to Snowflake’s monumental growth, and that experience has ... Read more ›
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Officials in China are slowing the transfer of Arm’s joint venture in the country to Arm’s parent company SoftBank, in a move that could hold up the Cambridge semiconductor company’s planned blockbuster public listing this year, according to the Financial Times. Arm China, a joint venture in the country, agreed to a share transfer to ... Read more ›
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Innovate Finance has called on regulators to let fintech services do “more to help people” during the cost-of-living crisis, in a new report published with EY. The fintech industry body said that regulators need to extend open banking rules to a “wider range of services”, prioritising savings accounts and credit and mortgages to support people ... Read more ›
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The London Stock Exchange Group (LSEG) posted a stronger financial result than expected in its 2022 report, revealing a 38.8% jump in pre-tax profits from the year prior. LSEG said its pre-tax profits rose to £1.24bn last year, a healthy increase from 2021’s £894m. The group cited the successful integration of the financial data company ... Read more ›
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The UK government should play to its existing strengths in the semiconductor industry rather than trying to directly compete with China, Taiwan, and the US, according to the co-founder of Pragmatic Semiconductor. Richard Price, co-founder and chief technology officer at Pragmatic Semiconductor, told UKTN that the government should not start investing in “very advanced” semiconductor ... Read more ›
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Tech West England Advocates, a branch of grassroots entrepreneur community Global Tech Advocates, is calling on founders and investors to join its trade mission to Hong Kong later this year and explore opportunities within its tech ecosystem. The group is calling on tech founders and investors from West England and across the UK to join ... Read more ›
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Challenger and specialist banks have surpassed high street banks for smaller business lending, with new data showing they accounted for 55% of the SME market in 2022. According to the state-owned British Business Bank, challenger and specialist banks provided a record £35.5bn compared to the £29.6bn deployed by traditional UK banks. “Today’s report finds strong ... Read more ›
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The foreign secretary is creating the first tech envoy to the Indo-Pacific region to champion the UK’s tech and science sectors. The tech envoy, who is yet to be appointed, will work in the region to collaborate on “setting global technology standards and helping to solve challenges through innovative technology”. Foreign Secretary James Cleverly said: ... Read more ›
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London-based fintech Thought Machine has announced a major hiring plan, with the unicorn company looking to grow its global headcount by 23%. Thought Machine is a software firm that specialises in cloud-based banking tech. The company offers its cloud software to various financial institutions. The fintech hit a £2.2bn valuation in May 2022 after an ... Read more ›
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Hectare, a startup operating in the sustainable food supply-chain space, has raised $20m (£16.5m) in its Series A funding round. Founded in 2015, Hectare offers a software-as-a-service (SaaS) product that provides insights into inventory, trading, logistics, and the sustainable food market to farming businesses. “The toughest challenges to solve are often the ones you can’t ... Read more ›
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British fintech company Revolut has reported its first full year of profit, with its overdue 2021 accounts showing that revenues tripled as it continues to push for a full UK banking licence. The company swung into a profit of £26.3m for the year on revenues of £636m, up from £220m in the year prior. Revolut ... Read more ›
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The North East of England is known for the natural beauty of its coastline, historical sites such as Durham Cathedral and Hadrian’s Wall, along with lively nightlife in cities like Newcastle. The region is also carving out a reputation as a fast-growing and vibrant hub for technology businesses in the UK. Data collected by credit ... Read more ›
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29.06.2026 00:37
Last update: 00:20 EDT.
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