Digital payments startup WeGift has secured £26m in funding, a sizeable round for British fintech startups amid slowing later-stage investment. WeGift has built a platform for brands to provide customers with digital rewards and incentives. Working with companies like Nike, Aldi, and Airbnb, WeGift said the pay-out for its digital gift cards is instant and ... Read more ›
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Remote health platform Aide Health has secured $1.2m (£1m) in pre-seed capital, in a round led by Hambro Perks’ EIS fund. Medical professionals can use Aide Health’s platform to remotely monitor patients with chronic diseases such as type-2 diabetes, heart disease, asthma, and IBD. Patients monitored through the app can also receive medical advice. The ... Read more ›
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Four and a half years since open banking regulations came into effect, one of the biggest causes of customer friction has been addressed by the Financial Conduct Authority – scrapping the 90-day data sharing rule. Data sharing between authorised third-party providers (TPPs) – often fintech companies – and banks promised to give customers better choice ... Read more ›
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London-based mobile video game studio Landmark has raised $4.6m (£3.9m) in a seed funding round following a number of projects from the company’s founders elsewhere. Founded in 2021, the management of Landmark has previously developed games based on popular IP, including Rick and Morty: Pocket Mortys. Landmark has said its focus will be on developing ... Read more ›
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Data application building platform Quix has received £11m in a Series A funding round led by MMC Ventures. Its cloud platform is used by developers to build event-driven or real-time applications and does not require them to supply their own data infrastructure. Quix has a modular architecture that allows users to choose their own choice ... Read more ›
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Climate tech startup BeZero Carbon has netted $50m (£42.4m) in a Series B investment for its voluntary carbon market scoring platform. Voluntary carbon markets allow businesses or individuals to buy carbon credits to offset their emissions. “Starting with carbon, effective ecosystem markets have huge potential to accelerate the Net Zero transition and generate economic prosperity,” ... Read more ›
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Masayoshi Son, CEO of SoftBank, has announced he will step back from the day-to-day management of the Japanese group to focus on growing its UK chip manufacturing subsidiary Arm. Son spoke at the company’s financial results, in which he stated he wanted to devote himself to the chipmaker, following posted losses of $10bn. “For the ... Read more ›
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Bristol-based cybersecurity scaleup Immersive Labs has secured a deal with the UK Ministry of Defence (MoD) to upskill its staff and bring in new talent. The partnership will see personnel from the Army, Royal Navy, Royal Air Force, Strategic Command and Civil Service access Immersive Labs’ simulations that throw users into realistic cybersecurity scenarios. They ... Read more ›
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Former employees of now-bust ecommerce company Made.com are launching legal action after being told they had lost their jobs over Zoom. Approximately a dozen of Made.com’s 320 staff are seeking a Protective Award claim over the way the job cuts were managed. Mohammed Balal, employment law specialist at Aticus Law, which is representing the claim, ... Read more ›
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George Taktak is the founder of How Mental, a company that brings together mental health services for its community of over 800,000 members. The London-based company runs virtual mental health check-ins and workshops, along with collating resources from across the mental health sector – from wellness apps to therapy – in one place. Taktak, an ... Read more ›
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Cybersecurity startup Lab 1 has landed £1m in funding to build out its software that looks for data breaches and supply chain risk. It uses artificial intelligence to scan sources such as forums, messaging platforms, file-sharing websites, code repositories, dark web among others for data breaches. The software looks for data such as personally identifiable ... Read more ›
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Net zero intelligence company Faradai has raised $2.4m (£2.1m) in the latest fundraise for climate tech, which has been significantly backed recently despite a wider tech downturn. Founded in 2017, Faradai generates energy intelligence data for large enterprises to monitor their carbon emissions and improve efficiency. More and more companies in the UK are making ... Read more ›
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Silicon Valley Bank has taken a part ownership stake in Founders Forum Group for an undisclosed sum. Founders Forum is a community of startup founders that run events in London, New York, Berlin, and Singapore. It is also one of the co-hosts of London Tech Week. The deal will see Silicon Valley Bank become Founders ... Read more ›
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Metaverse startup Anything World has secured $7.5m (£6.6m) in a “series seed plus” round, with contributions coming from the likes of Warner Music Group. Anything World’s platform uses artificial intelligence to build 3D environments that can be used in AR and VR experiences. Gordon Midwood, CEO of Anything World, said: “The capacity for anyone to ... Read more ›
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Clothing brand Next has bought the Made.com brand and intellectual property for £3.4m after the beleaguered furniture ecommerce company entered administration. Next, which trades on the London Stock Exchange, has agreed to purchase the remaining IP and the rest of the brand of Made for £3.4m, a far cry from the £775m value given to ... Read more ›
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Updating the UK’s early-stage investment and enterprise tax relief initiatives is the most pressing legislative issue for UK startup founders ahead of the chancellor’s Autumn Statement, data has shown. A poll of over 50 founders by the crowd investment platform Crowdcube found UK startup founders are calling for growth from the government without sacrificing environmental ... Read more ›
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The UK has been at the cutting edge of artificial intelligence (AI) innovation from the very beginning. In fact, the earliest successful AI program was written in 1951 by Christopher Strachey, later the director of the Programming Research Group at the University of Oxford. As the sector has grown and developed over the last 70 ... Read more ›
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Social media giant Meta has confirmed it is beginning a redundancy consultation for its UK workforce as part of global layoffs that will see the Facebook owner cut 11,000 jobs. Meta has declined to release the number of UK roles that will be axed as part of the first mass layoffs in the US company’s ... Read more ›
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The Centre for Finance, Innovation and Technology (CFIT), a government-supported UK fintech body, has appointed a new chair following a boosted funding commitment from the Treasury. Charlotte Crosswell joins the organisation from previously running Innovate Finance and the Open Banking Implementation Entity (OBIE), which played a key role in the UK’s adoption of open banking ... Read more ›
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A group of automotive and EV firms, including Ford, Britishvolt and Octopus Electric Vehicles, have signed a letter calling on the government to ensure the Zero Emission Vehicle mandate comes into effect from 2024. The mandate, which will stipulate the percentage of electric vehicles that automakers must produce, is currently under consultation. The signatories said ... Read more ›
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15.06.2026 22:51
Last update: 22:35 EDT.
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