Investment zones and an extension to the Seed Enterprise Investment Scheme (SEIS) are two of the few policies to survive a major reversal to the mini-budget, announced today by newly appointed Chancellor Jeremy Hunt. The U-turn will see “almost all” of the tax cuts announced last month by his predecessor, Kwasi Kwarteng, undone in a ... Read more ›
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Lending platform Funding Circle has hired Greig McEwan as its latest chief technology officer (CTO) to front its “multi-product platform expansion”. McEwan joins the fintech from his interim position as CTO for digital freight platform sennder. Before this, he worked as a technology strategy consultant for WorldRemit and CTO for Paddy Power Betfair. Greig McEwan, ... Read more ›
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British air taxi startup Skyports, which provides drone infrastructure and services, has opened a new office in Tokyo, Japan. The Skyports Japan office adds to the firm’s established Asia-Pacific headquarters in Singapore and is the latest step towards its goal of taking to the skies in 2025. Yun-Yuan Tay, head of Asia-Pacific at Skyports, said: ... Read more ›
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London is Europe’s leading tech hub. Globally, it is only trumped by Silicon Valley. The city known for Big Ben, double-decker buses and breathtaking parks has seen its tech ecosystem flourish over the past decade. This growth has reached new heights over the last three years, with the UK capital’s tech scene smashing record after ... Read more ›
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From day one of launching a startup some founders already have one eye on the exit. They know that when the time is right they will cash in. But when is the right time? The obvious answer is when the company reaches what the founder deems to be peak value. But according to Tim Armoo, ... Read more ›
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Fintech startup Plum has raised £1m from more than 3,700 investors only eight hours after launching its crowdfunding campaign. Founded in 2016 by a former employee of the global money transfer app Wise (formerly TransferWise), Plum is a self-described “smart money app” that uses AI to automate aspects of personal finance. While the app offers ... Read more ›
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London-based fintech Flux, which provides digital receipts, has announced that it is shutting down its network in the UK. Launched in 2016, the startup was founded to “kill the paper receipt” by allowing retailers to digitally send customers’ receipts to their phones. It connected with loyalty schemes at brands such as Costa Coffee and EAT. ... Read more ›
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A rocket test launch by British space company Skyrora was unsuccessful, with the Skylark L rocket travelling just 500m before crashing into the Norwegian Sea. Launching from its Icelandic mobile spaceport for the first time, the rocket “experienced an anomaly” that caused it to crash intin the sea. The launch is an important step towards ... Read more ›
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London-based challenger bank Gatehouse has been handed a £1.5m fine from the UK’s financial regulator over a failure to conduct proper anti-money laundering checks. Founded in 2008, Gatehouse is a challenger bank that is Shariah-compliant. This means it follows economic and banking rules that adhere to Islamic principles, such as not paying interest. The Financial ... Read more ›
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Children’s debit card and financial app provider GoHenry has raised $55m (£48.9m) to bring more services to its platform and further expansion plans. London-based GoHenry offers a prepaid debit card aimed at kids and teenagers. Parents and guardians can monitor their child’s spending through their own app, while children receive in-app education about money. Alex ... Read more ›
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London-based website building startup Munch has raised £1.3m for its platform that aims to simplify web development for businesses and ‘side hustles’. Munch faces stiff competition in the codeless website creation market, with companies like WordPress and Squarespace becoming household names. However, the London-based platform claims its offering is different because it is focused on ... Read more ›
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Nadeem Sarwar is the founder and CEO of Phlo Connect, a pharmacy tech infrastructure platform that bridges the gaps in digital healthcare for clinicians and patients. Founded in 2019, Phlo Connect’s technology integrates with healthcare providers such as Babylon and HealthHero to offer services including digital prescriptions and live patient updates. In 2014, Sarwar joined ... Read more ›
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Tomorrow Global Tech Advocates will officially launch its Tech West England Advocates group to promote tech in the West Midlands and South West of England. The 27th group by Global Tech Advocates joins other UK groups focused on the north, London, Wales, Belfast, Scotland and a growing list of groups around the world. Russ Shaw ... Read more ›
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Large tech firms need to slow down the hiring process to truly encourage greater levels of diversity in their workforce, according to representatives from the European operations of Google. Speaking at London’s Black Tech Festival, Noah Samuels, Google Europe Middle East and Africa (EMEA) leader for all Black+ DEI initiatives discussed how easy it can ... Read more ›
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Venture capital firm (VC) Lightrock has closed €860m (£750.9m) for its Climate Impact Fund, surpassing the original target of €600m (£523.8m). Lightrock will deploy investments of €10m (£8.7m) – €40m (£34.9m) into European and North American growth-stage climate companies. Pål Erik Sjåtil, CEO and global managing partner, Lightrock said: “This is Lightrock’s third successful fund ... Read more ›
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Data released today to correspond with Birmingham Tech Week shows that the West Midlands’ tech sector is now worth £15.3bn, an increase of £3.8bn since last year. It comes after the West Midlands’ tech sector was named the fastest-growing tech hub last year. “Fast-growing firms are cementing Birmingham’s status as a tech powerhouse – boosting ... Read more ›
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London’s West End is best known for its restaurants, bars, and historic theatre district. Thanks to a growing number of high-growth artificial intelligence startups locating in the area, the West End may soon be considered the UK’s latest AI cluster and a global hub for the industry. At first glance, the area within western central ... Read more ›
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Investor sentiment is low. Funding is slowing down. Valuation multiples are shrinking and my WhatsApp does not get filled up with random mates bragging about their paper multiples on individual stocks. Investing in tech does not seem so ‘sexy’ anymore. Financial indicators, such as the general direction of public markets, tell us that the current ... Read more ›
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Bristol-based cybersecurity scaleup Immersive Labs has secured $66m (£59.7m) in a funding round led by Ten Eleven Ventures and bolstered its executive team with three new appointments. Found in Bristol in 2017, Immersive Labs has created a cybersecurity training platform used by organisations to teach practical IT security skills. The company does this with realistic ... Read more ›
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The West Midlands will appoint a ‘tech commissioner’ to champion the region’s tech sector and encourage more investment in local tech startups. The tech commissioner will look to build on the recent growth in the region, with the West Midlands last year named the UK’s fastest-growing tech hub. The role, which has not yet been ... Read more ›
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16.06.2026 03:24
Last update: 03:15 EDT.
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