Fintech company Amigo is having difficulties raising funds from investors to fuel its return to the lending industry this year. In a company statement issued on Monday, Amigo said it was yet to find an investor to provide the necessary funds to continue operations, following the end of its multi-year ban from lending by the ... Read more ›
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Sheffield-based British Patient Capital has invested $48.6m (£39.8m) into SV Health Investors’ Biotech Crossover Opportunities Fund. The SV Health Investors Fund will invest in growth-stage biotech firms that are working on therapies. SV Health Investors was launched by Dame Kate Bingham, who led the government’s Covid taskforce. “We are pleased to announce our next investment ... Read more ›
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UK fintech company Zilch has said that using its buy now pay later (BNPL) product will affect customer credit scores, in a move that pre-empts stricter government regulation of the sector. As revealed by The Telegraph, the BNPL provider – a purchase method that splits repayments into instalments – will report customer transactions to credit ... Read more ›
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I spent four years working as a doctor in the NHS, a career that was rewarding, challenging and inspiring in equal measure. But the more time I spent on hospital floors, the more passionate I became about finding solutions to the problems draining time and resources from the health system. Eventually, I decided to put ... Read more ›
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The government is planning to significantly scale back its investment zone project, a plan introduced by the Liz Truss administration, according to reports. After receiving hundreds of bids from local councils, ministers are reportedly looking to call off the original plan, which would have seen lower taxes and reduced regulation for businesses in certain regions ... Read more ›
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Investor Foresight Group has closed over £60m from British Business Investments and the Strathclyde Pension Fund for its fund for Scottish SMEs. Businesses will receive £1m-£5m debt or equity investments from the group’s second Scotland SME fund. Foresight Group will also increase the headcount of its Scottish team. Matt Smith, partner, Foresight Group, said: “The ... Read more ›
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Health tech startup PneumoWave has secured a £7.5m Series A investment for its wearable biosensor and to move into a bigger facility. Glasgow-based PneumoWave is developing a wearable device for “high-risk patient groups”. The wearable monitors the lungs to provide remote diagnostics for carers and medical services. Dr Bruce Henderson, co-founder and CEO of PneumoWave, ... Read more ›
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The six largest banking providers in the UK have all implemented the requirements of the Open Banking Roadmap, the government has announced on the fifth anniversary of open banking. Barclays, HSBC, Lloyds, Nationwide, NatWest, and Santander have all met the requirements for the roadmap to open banking implementation. The Open Banking Implementation Entity (OBIE), which ... Read more ›
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Lewis Crosbie is the co-founder and CEO of Komi, a software platform and “one-stop-shop” for creators. The startup has developed a platform that aims to bring features found on Shopify, Patreon, and Linktree into one place to help creators engage with their fans around the world. Celebrities on the platform include Lizzo, Idris Elba, Addison ... Read more ›
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Richard Branson’s Virgin Orbit has said it “anticipates” a return to Spaceport Cornwall “later this year” after its attempt at a first orbital satellite launch from British soil ended in failure. The launch on Monday night failed when an “anomaly” occurred in the second stage, at an altitude of around 180km, resulting in the upper ... Read more ›
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York-founded crypto company Blockchain.com plans to cut its workforce by 28% as industry-wide woes intensify. The UK-founded crypto exchange will lay off more than 100 staff, as reported by CoinDesk. The layoffs follow the firing of around 150 staff members at Blockchain.com in July of last year. “The crypto ecosystem is facing significant headwinds as ... Read more ›
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Payments service Paddle, which provides services such as payment routing, tax collection and subscription management, has cut 8% of jobs. Employees were informed on Monday that they were losing their jobs through an internal memo, which Paddle founder and CEO Christian Owens shared on LinkedIn. Ownes wrote: “We are well positioned to weather the impending ... Read more ›
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Crowdfunding platform Crowdcube founder Darren Westlake has stepped down as chief executive and has been replaced with two co-CEOs. Crowdcube is now led by its former chief operating officer, Bill Simmons, and chief commercial officer, Matt Cooper. “I’m incredibly proud of what we have achieved but after 13 years, more than 1,800 successful raises, over ... Read more ›
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InfinitSpace, a flexible workspace provider founded by a former WeWork executive, has launched its second London office space in Holborn. The new office space, located in Kingsbourne House, is near Covent Garden, Soho and Bloomsbury. It spans 24,000 square feet and will operate under InfiniteSpace’s ‘beyond’ brand. InfinitSpace was founded in 2020 by Wybo Wijnbergen ... Read more ›
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Hack The Box has landed £45.2m in Series B funding for its gamified cybersecurity training and upskilling platform. The Kent-based company will use the fresh capital to invest in R&D and continue its overseas expansion in the US, Europe and Asia-Pacific. “The game in cyber has changed with defensive, reactive and recovery postures not being ... Read more ›
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The cybersecurity, edtech, and gaming sectors in London have bucked the trend of a funding slowdown in 2022, according to new data. In 2022 tech funding in London and across the UK overall declined compared to the year prior as rising inflation and interest rates brought an end to cheap capital. But data from London ... Read more ›
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AI talent management company Beamery is to axe 12% of its jobs, shortly after hitting a $1bn unicorn valuation last month. As first reported by Tech.eu, it comes not long after Beamery raised £40.7m in Series D funding. “We have made some difficult decisions and our primary focus is supporting employees that may be impacted ... Read more ›
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Enterprise onboarding company Detected has bagged £2.5m in funding for further growth in the US. The London-based company provides automated know your business (KYB) services to verify a business is who they say they are to combat money laundering, tax crimes and phishing. The Detected funding came from Thomson Reuters Ventures, Love Ventures, Maropost Ventures ... Read more ›
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Digital health app Peppy has secured $45m (£37.1m) in Series B capital to expand its employee healthcare platform to the US market. Peppy’s app offers employees free live chat and video consultations with specialist medical experts on areas such as menopause, fertility, parenting and endometriosis. “Over the last few years we’ve seen employers wake up ... Read more ›
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InfraFleet, a startup providing eco-friendly equipment for infrastructure projects, has been backed by Octopus Group with a £10m investment. InfraFleet aims to provide emission-free equipment for use in construction to work towards a net-zero economy. Its equipment is powered electrically as well as through hydrogen, reducing both the emissions and expense of diesel fuel-powered infrastructure ... Read more ›
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15.06.2026 13:04
Last update: 12:56 EDT.
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