The buy now pay later (BNPL) space is expected to be worth $1tn (£866bn) according to new research from analytics firm GlobalData. Tech firms such as Apple, Google and PayPal are predicted to be leading players said GlobalData. “Big Tech and large payment providers can seamlessly incorporate BNPL into their platforms whether they’re profitable or ... Read more ›
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Energy tech startup Octopus is set to take over the customer base from collapsed competitor Bulb, which has been run by the government since last year amid rising energy costs. Founded in 2013, Bulb consistently ran at a financial loss despite achieving rapid growth, ultimately cultivating a customer base of 1.5 million people. The Department ... Read more ›
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It’s safe to say Rishi Sunak promises to be one of the UK’s more ‘tech friendly’ recent prime ministers. He takes the reins at a time of unprecedented turbulence, with immediate domestic priorities in need of urgent attention. Yet Sunak must not backpedal on the commitments he made to the nation during this summer’s Conservative ... Read more ›
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Nikolay Storonsky, co-founder and CEO of Revolut, has renounced his Russian citizenship as the war in Ukraine continues. Storonsky, born in Russia to a Ukrainian father, has been extremely vocal about his feelings towards the Russian invasion of Ukraine. In March, the fintech CEO published a blog post denouncing the war. In the post, he ... Read more ›
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Manchester-based product testing platform Vypr has secured £3.4m in funding to continue its product development. Companies use Vypr to get feedback on their product designs such as packaging and menus from its community of 65,000 reviewers. Richard Law, chairman, Vypr said: “Vypr is addressing the nascent market for real time insights and intelligence that businesses ... Read more ›
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The number of VC deals completed in the UK has plummeted to its lowest level since 2016 as investors take a ‘wait and see’ approach to the global economic downturn and impending recession. According to a report by professional services firm KPMG, there were just 575 venture capital deals in the third quarter this year, ... Read more ›
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UK universities have called on the government to commit to a major investment plan into research and development (R&D) in a joint letter ahead of the autumn fiscal statement. The letter, organised by the University Alliance, expressed concern that the government, now led by Prime Minister Rishi Sunak, would sacrifice investment into R&D as part ... Read more ›
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Online car marketplace Cazoo has announced a record UK quarter, with its highest-ever revenue and sales coming amid its pullout of European markets. In its third quarter financial results, Cazoo posted UK revenue of £347m and 18,889 unit sales. Its total gross profit stood at £10m, boosted by selling cars at a higher average than ... Read more ›
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The Premier League is in talks for a £30m per year deal with the French digital asset firm Sorare, despite an ongoing inquiry into the company from UK regulators. First reported by Sky News, the top-flight league for English football is holding talks today with all 20 participating clubs to discuss a multi-year deal with ... Read more ›
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Sam Horbye is the co-founder of Olsam, a company that acquires ecommerce and marketplace brands and draws on its in-house technology and digital marketplace experience to scale them globally. Horbye founded Oslam in 2020 with brother Ollie. It acquires brands created by solopreneurs and develops brands in-house and aims to make them “blow up” on ... Read more ›
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Sam Horbye is the co-founder of Olsam, a company that acquires ecommerce and marketplace brands and draws on its in-house technology and digital marketplace experience to scale them globally. Horbye founded Olsam in 2020 with his brother Ollie. It acquires brands created by solopreneurs and develops brands in-house and aims to make them “blow up” ... Read more ›
0
Rapid delivery startup Getir has secured a deal with the Co-op to list its products at certain London stores. The move by the Turkish-founded startup comes at a time when on-demand delivery services seek out additional revenue streams in what is currently a low-margin model and unprofitable model. It joins a growing trend of delivery ... Read more ›
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The UK’s share of global research and development (R&D) investment has dropped by a fifth since 2014, according to a new report. Recent data from the Institute for Public Policy Research (IPPR) found that despite the push from Conservative leaders in recent years to transform the UK into a “science and technology superpower“, R&D investment ... Read more ›
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London-headquartered fintech Sidekick has raised £3.3m in a pre-seed round for its investment management app. Sidekick will use the pre-seed raise for developing its platform, growing its asset management team, and gain regulatory approvals. Both stocks and cryptoassets will be available for trading on the app, with the option for users to borrow against their ... Read more ›
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London-listed fintech Wise has secured £300m in new financing, in the form of a syndicated debt facility arranged by California’s Silicon Valley Bank (SVB). The debt investment featured participation from six banks in addition to SVB. Wise said the cash will be to fund growth plans but did not go into any specifics. Founded in ... Read more ›
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Virtual reality startup Pixaera has raised $5.7m (£4.9m) in an early-stage funding round for its VR gaming for enterprises platform. Founded in 2010, Pixaera is trying to gamify workplace training by applying the principles and mechanics of VR gaming to businesses looking to upskill their workforce. VR workplace training has grown in popularity as the ... Read more ›
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Oxford Medical Simulation has secured £2.1m in funding for its virtual reality (VR) training platform for healthcare professionals. Its training software can provide “hundreds” of different medical scenarios to give medical staff practice without real patients. A traditional training facility, where scenarios are acted out with real people, can give approximately 200 simulations a month. ... Read more ›
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Hydrogen is everywhere. It is the most abundant element in the universe. The problem? It’s scarce as a gas, the form in which it’s needed to provide clean fuel to homes and businesses. On Earth, hydrogen is found in the greatest quantities as water. But the two primary ways of splitting hydrogen and oxygen atoms ... Read more ›
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Global venture capital firm Antler has made a £960,000 pre-seed investment into eight UK technology startups. Shared exclusively with UKTN, each of the eight startups, which operate in areas including fintech, ecommerce and data analytics, will receive £120,000. Speaking to UKTN, Ollie Purdue, partner at Antler, said: “In every Antler cohort we work with exceptional founders ... Read more ›
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Furniture ecommerce company Made.com has temporarily suspended new customer orders following the breakdown in talks with prospective buyers. As of this morning, customers visiting Made.com will be unable to make new orders, instead being met with a message reading “sit tight, we’ll be back soon”. The London-listed firm was in negotiations with a “select number ... Read more ›
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30.06.2026 01:06
Last update: 01:00 EDT.
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