B2B fintech startup Sikoia, which provides customer onboarding and risk assessment data to financial institutions, has raised $6m (£4.9m) in a seed funding round. Sikoia has created a customer dashboard that centralises the financial and identity dataset for clients, with the goal of streamlining verification and monitoring. Its founders launched the startup in 2020 with ... Read more ›
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AI startup QiO Technologies has closed $10m (£8.3m) in a Series B round led by US venture capital firm WAVE Equity Partners. Hampshire-headquartered QiO’s AI tools are used by industrial firms, data centres and telecoms to decrease greenhouse gas emissions and operate more sustainably. Rick Haythornthwaite, co-founder and chairman, QiO Technologies, said: “Energy-intensive industries and ... Read more ›
18
VivaCity, a London-based transport technology startup, has raised £7m as it looks to bring its AI traffic optimisation platform to North America. The startup uses AI sensors to gather data on transport modes, traffic flow, and travel patterns to provide insight into transport network planning. VivaCity works with local council authorities that are looking to ... Read more ›
3
Microsoft co-founder Bill Gates and Prime Minister Rishi Sunak have given their support to Cleantech for UK, a new partnership between cleantech investors and entrepreneurs. The new cleantech initiative, which reportedly has over £4bn in funds, has been launched in a bid to support the UK’s scientific research and was unveiled on Wednesday afternoon at ... Read more ›
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In the digital age, companies need to be prepared for change. Recent research by the World Economic Forum found that 87% of companies said digital will disrupt their industry – but only half said they’re prepared. According to the Sloan Management Review, only 7% of companies are led by digitally competent teams, which is a ... Read more ›
1
Investment into the UK’s cultivated meat sector soared by 400% in 2022, but industry figures have warned that regulation may be stifling growth and causing startups to look overseas. The data, released by the Good Food Institute, a non-profit think tank, found that between 2021 and 2022, investment in the cultivated meat sector in the ... Read more ›
0
Founders, CEOs, and UK tech investors have called on the newly established Department for Science, Innovation and Technology (DSIT) to address five “urgent issues” to support UK innovation. A joint letter, seen by UKTN, was signed by more than two dozen figures in UK tech investment, including chief executives from SFC Capital, Triple Point Ventures, ... Read more ›
1
‘Partner Provided Content’ Almost the entirety of the UK has access to the internet, with around 62.86 million monthly users in 2021. And with a new year just starting out, it’s a good time to consider upgrading your broadband plan for 2023. Because of new technologies, faster speeds, and more flexible packages available, it can ... Read more ›
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Oxford-based startup Lumai has been awarded a £1.1m grant from Innovate UK for its optical computing technology. Optical computers use light waves to perform computations, whereas traditional computers use electricity. Lumai is developing “all-optical neural networks” that it says are “1000x faster” compared to conventional transistor electronics. The University of Oxford spinout plans to use ... Read more ›
15
Virgin Orbit has revealed that a dislodged fuel filter part was the cause for its unsuccessful satellite launch from Spaceport Cornwall last month. On 9 January, Virgin Orbit’s retrofitted Boeing 747, nicknamed “Cosmic Girl”, took off from and returned to Spaceport Cornwall. However, the LauncherOne rocket onboard malfunctioned and did not reach its target orbit. ... Read more ›
2
The UK financial watchdog, along with West Yorkshire Police, has conducted a raid on several sites in Leeds suspected of hosting illegal crypto ATMs. The Financial Conduct Authority (FCA) has gathered evidence from these sites, working with the Digital Intelligence Investigation Unit department of West Yorkshire Police. Crypto ATMs are physical locations that are used ... Read more ›
3
Counteract, a climate tech investor, has closed its first £15m for a fund to support the carbon removal industry. First reported by Sifted, The Counteract carbon removal fund has a goal value of £35m to go towards startups offering innovative solutions to reducing the amount of excess CO2 in the atmosphere. Counteract has set clear ... Read more ›
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Atom Bank boss Mark Mullen has offered a clear indication that the fintech is sticking with London for its highly anticipated IPO, likely to take place this year. “We are focused on putting the bank in a position where we can list and our assumption, our plan, is to do so in the UK, in ... Read more ›
9
London-based Landytech has raised $12m (£9.8m) in Series B funding round for its investment management software. Its software, called Sesame, is used by trustees, asset managers and family offices to track the value of their portfolios, to conduct analysis and for reporting. “Landytech was created to revolutionise the way asset owners, investment managers and advisors ... Read more ›
3
The world can’t seem to stop talking about artificial intelligence, from the battle between Microsoft-backed ChatGPT and Google’s Bard to the flurry of generative AI startups being courted by investors. As AI improves and becomes more ubiquitous, pressure is growing on governments to regulate the technology. However, according to one Liberal Democrat MP, the people ... Read more ›
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Sub-prime loan provider Amigo has avoided paying a £72.9m fine to the Financial Conduct Authority (FCA) because the watchdog deemed it would cause the company “serious financial hardship”. Amigo was initially hit with the fine for failing to conduct adequate affordability checks on borrowers and guarantors over the period of 1 November 2018 to 31 ... Read more ›
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Private equity firm Maven has said its North East division invested £15m in 2022 and secured an additional £17.5m in private sector finance. In the North, East Maven provided financial support to 18 companies in sectors including tech, green energy, deep tech, manufacturing and support services. It marks a record year of investment for Maven ... Read more ›
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The UK’s financial regulator is set to gain additional powers to regulate the buy now pay later (BNPL) sector under draft legislation unveiled by the government today. The new rules would see BNPL providers – including Klarna, Zilch, and Clearpay – treated similarly to providers of other loan products. Firms will have to conduct more ... Read more ›
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NatWest has acquired an 85% stake in London-based fintech Cushon for £144m, with the remaining equity retained by “Cushon management”. Cushon was co-founded by Ben Pollard and Phil Hollingdale. It offers ISAs, investment accounts and pensions. Alison Rose, CEO of NatWest Group, said: “By combining the scale, experience and expertise of NatWest Group with Cushon’s ... Read more ›
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Islamic fintech company Wahed has acquired a UK law firm to expand its financial platform to offer will services. Wahed said that iWill Solicitors, which it acquired in a “seven-figure transaction”, is the largest Islamic provider of wills in the UK. The iWill Solicitors acquisition will support Wahed’s inclusion of similar services, along with pensions ... Read more ›
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29.06.2026 03:56
Last update: 03:50 EDT.
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