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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The Treasury is exploring the creation of a “digital pound” based on stablecoin technology, almost a year after the department stated its goal to establish the UK as a “global cryptoasset hub”. Economic Secretary to the Treasury Andrew Griffith told the Treasury Select Committee that the government was a “long way down the road… to ... Read more ›
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Cybersecurity company Darktrace has cut its revenue forecast after what the CFO described as a “very pronounced” slowdown in sales last month. Darktrace said it expected its revenue to increase by around 29% at the end of the financial year, down from the previous projection of as much as 34%. The company was listed on ... Read more ›
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A Conservative MP has called on the business secretary to review the takeover of Cambridge-based semiconductor startup Flusso by a Shanghai shell company with ties to the Chinese state. Alicia Kearns MP, chair of the Foreign Affairs Select Committee, said that the £28m deal “represents a significant economic and national security concern”. It comes after ... Read more ›
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London-based AI company InstaDeep has entered into an agreement to be acquired by the German tech firm BioNTech in a £562m deal. Founded in 2015, InstaDeep has become one of Britain’s most promising tech firms, scoring major money deals for its Series A and Series B funding rounds, including a $100m investment in January 2022 ... Read more ›
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Oxford-based autonomous vehicle software developer Oxbotica has secured new funding for its Series C with a $140m (£115m) investment, in a major boost to the UK self-driving vehicle sector. Oxbotica, which has developed a suite of autonomous vehicle software products, has become a notable player in the industry since it was founded in 2014. The ... Read more ›
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Truck manufacturer Tevva has received regulatory approval for its 7.5-tonne electric truck, paving the way for the company to begin mass production at its facility in Tilbury, a port town east of London. According to Tevva, it is the first British firm to be given EC Whole Vehicle Type Approval – a confirmation that the ... Read more ›
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London-based legal tech startup Apperio has today secured $7m (£5.8m) in funding as it seeks to expand its business in both the UK and the US. Founded in 2012 by Nicholas d’Adhemar, a former lawyer, Apperio provides legal spend analytics and matter-tracking software to law firms. The company was born out of d’Adhemar’s own experience ... Read more ›
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29.06.2026 12:04
Last update: 11:56 EDT.
News rating updated: 18:50.
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