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Trading between the pound and Bitcoin saw a massive surge as the value of sterling plummeted following the chancellor’s mini-budget, according to new research. Market data firm Kaiko Research found that the uncertainty and volatility of the British pound caused a record-high boost in Bitcoin trading with the currency. The volume of transactions for BTC-GBP ... Read more ›
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Investments made by business angel syndicate Archangels have generated £1.4bn for the Scottish economy in the tech and life science fields, research has shown. Since 1992, Archangels has invested a total of £161m. A report by the University of Glasgow’s Adam Smith Business School found that these investments went on to generate 3,647 skilled jobs ... Read more ›
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Hannah Nicholson is the founder of MoveGenius, a proptech startup automating the estate agent onboarding process. The London-based startup’s platform conducts digital ID and anti-money laundering checks, automates legal forms and provides a live dashboard for estate agents. Its B2B offering is available through a subscription model and it is in discussions with estate agents ... Read more ›
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The exchequer secretary to the Treasury today visited Leicester to unveil a £19.4m government investment plan to support the development of the city’s space and satellite tech sectors. The investment is part of the Levelling Up Fund, a government scheme to support industries and infrastructure across the less represented regions in the UK. The first ... Read more ›
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The Chinese word for ‘crisis’ is represented by two characters, ‘危 機’ (wei ji), which separately translate as ‘danger’ and ‘opportunity.’ Together they express the potential for turbulent times to bring forth unforeseen possibilities. If Brexit and Covid-19 presented two crises for the UK and its economy, the UK tech sector has successfully seized upon ... Read more ›
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Chorley, Lancashire-based anti-fraud company Lunio has raised £14m in a Series A funding round for its digital platform that helps companies better understand cyber fraud. Founded in 2018, Lunio is aiming to tackle the issue of fraudulent web traffic in digital advertising. The amount of bots populating the internet is at an all-time high, which ... Read more ›
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London-based Armalytix has raised a further $1m (£920,000) for its anti-money laundering (AML) software that checks where funds originate from. The capital came from angel investors with experience at HSBC, UBS, Bank of America and Goldman Sachs. Richard McCall, CEO, Armalytix, said: “This capital, raised from individuals with first-hand knowledge of the AML challenges facing ... Read more ›
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London-based proptech startup MoveGenius has secured £350,000 in pre-seed funding for its automated estate agent onboarding platform, giving it a valuation of £3.5m. The round, shared exclusively with UKTN, was led by Octopus Ventures through its pre-seed First Cheque Fund, along with family offices. Each invested £100,000. The remaining £150,000 came from funding raised through ... Read more ›
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Toqio has secured €20m (£17.84m) in funding, consisting of a €18.7m (£16.6m) Series A led by AlbionVC and a €1.3m (£1.1m) grant for its white label fintech platform. Using Toqio’s low-code software companies can create branded banking or finance solutions in a matter of weeks, according to the company. The additional capital will go towards ... Read more ›
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The chair of the House of Lords Science and Technology Committee has written to Prime Minister Liz Truss urging greater investment into UK tech R&D innovation. The letter from Baroness Brown of Cambridge followed the conclusion of an inquiry from the committee looking into the delivery of the UK Science and Technology strategy. The Baroness ... Read more ›
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Chorley, Lancashire-based anti-fraud company Lunio has raised £14m in a Series A funding round for its digital platform that helps companies better understand cyber fraud. Founded in 2018, Lunio is aiming to tackle the issue of fraudulent web traffic in digital advertising. The amount of bots populating the internet is at an all-time high, which ... Read more ›
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As the government seeks to remedy the immediate economic turmoil facing the country, it must not forget to take the long view too. Levelling up communities around the UK must not be neglected, and the tech industry sits at the very heart of that ambition. The new government has inherited a robust and thriving digital ... Read more ›
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Health tech startup Doccla has raised £15m in a Series A funding round to support its “virtual ward” and patient monitoring technology used by the NHS. Founded in Sweden and now headquartered in London, Doccla’s technology lets clinical staff monitor patient vital signs remotely with sensors. Doccla uses data analytics, electronic health records, and artificial ... Read more ›
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London-based future of work startup Wazoku has raised £8.5m in a Series B round to support the research and development of its work management platform. Founded in 2011, Wazoku is an AI-powered platform used by a wide range of organisations such as NASA, Enel, HSBC, and Shell. The platform facilitates digital communication between workspaces and ... Read more ›
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Chase, the digital bank launched by JPMorgan, has reached one million UK customers a year after it started offering current accounts available via an app. Chase is US investment bank JPMorgan’s response to digital-first challenger banks like Monzo and Starling, which have disrupted a banking sector long dominated by high street lenders. Chase launched in ... Read more ›
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Venture capital investment into Leeds has skyrocketed in 2022, with an 88% year-on-year increase in funding for tech startups based in the West Yorkshire city. Data released by the UK’s Digital Economy Council shows that so far in 2022, tech startups and scaleups in Leeds have raised £288m in investments, a significant increase from the ... Read more ›
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Many businesses explore the US when they’re scaling internationally – and with good reason. Firstly, the US is the world’s largest economy and has a lucrative market for international businesses to tap into. The tech landscape in the US is also more geared towards risk-taking and has greater access to funding through a much larger ... Read more ›
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Revolut has been granted full regulatory approval to conduct crypto trading activities in the UK after a lengthy application process. The British fintech has been added to the Financial Conduct Authority’s (FCA’s) register of firms approved to facilitate the trading of cryptoassets as of Monday. Prior to then, Revolut conducted crypto activities through the FCA’s ... Read more ›
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Channel Digital Holdings (Channel) has announced a global strategic partnership with AdviceRobo to accelerate the use of Artificial Intelligence (AI) within its decision-making engine to support the capital needs of SMEs. Channel operates a UK-based asset manager, authorised and regulated by the FCA. Over the past 15 years, it has managed more than $20bn of credit ... Read more ›
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16.06.2026 06:47
Last update: 06:40 EDT.
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