Northumberland-based battery cell manufacturer Britishvolt will build its £200m battery cell scale-up facility in the West Midlands. Through a partnership with Prologis, the Britishvolt will use the Hams Hall facility to research new cell formats and electro chemistries. The site will accelerate its output of production-ready cells, which will then be manufactured at scale at ... Read more ›
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The chief executive of US chipmaker Qualcomm has expressed interest in purchasing a stake in Arm in its upcoming IPO, with ambitious plans down the line for a chipmaker consortium to jointly acquire the UK-based firm. Arm is currently owned by Japanese conglomerate Softbank, which has stated its plan to list the Cambridge-headquartered company on ... Read more ›
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Debite, a London-based financing platform for early-stage startups, has launched in the UK with a £2.5m pre-seed round of funding. The fintech company said it’s bringing the flexibility of the buy now, pay later model to business financing. It has initially launched in the UK with two products: easy-access loans and a business credit card. ... Read more ›
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London and Paris-headquartered virtual fertility clinic Apricity has acquired Madrid-based period tracking app Woom for an undisclosed sum. Woom is a period tracking and community support app that uses artificial intelligence to help women track their menstrual cycle while trying for a baby. Apricity said its acquisition of Woom will allow it to offer a ... Read more ›
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Merge, a banking and payments company founded by a former PayPal and Barclays executive, has raised $9.5m (£7.5m) for a platform that lets web3 companies convert funds between fiat and cryptocurrency. The London-based startup is looking to win over web3 clients that are often perceived as too risky by traditional banks. Merge said it will ... Read more ›
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Revolut is recruiting a head of investor relations in another sign that the British fintech company is gearing up for an initial public offering (IPO). The London-based fintech has posted a job listing that specifically requires experience working with public companies. The company is also looking to hire up to two other investor relations professionals. ... Read more ›
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Swedish fintech Trustly has acquired UK-based competitor Ecospend, as part of a plan to strengthen the company’s position in the British market. Stockholm-headquartered Trustly specialises in account-to-account (A2A) payments using open banking. Fellow A2A firm Ecospend’s position in the UK will support Trustly’s expansion into the UK, which is one of the largest fintech markets ... Read more ›
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Complex and ever-increasing volumes of data are transforming all industries. The healthcare sector is a prime example – technology and data are completely changing the way care is planned, administered, and monitored, not to mention the research of new treatments and diagnosis methods. The potential improvement in patient outcomes and in cost-effectiveness to unlock further ... Read more ›
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When starting a company there’s a long checklist of important things to consider straight away such as recruitment, raising cash and marketing. One thing that is often overlooked during those frenetic early days of launching a startup is legal protection for that ‘billion-dollar idea’. Getting it wrong can be costly – Mark Zuckerberg paid $65m ... Read more ›
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Global buy now, pay later (BNPL) purchases reached $120bn (£95bn) last year, an increase of nearly four times the amount spent in 2019, according to new data. A report from data and analytics and consultancy firm GlobalData revealed that BNPL purchases made up 2.3% of the worldwide ecommerce market last year. According to the report, ... Read more ›
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British cinema-goers aged 13 and above will now be able to use a smartphone app instead of a passport or driving licence to prove their age, thanks to a partnership with a UK digital identity startup. The UK Cinema Association, which represents over 90% of UK cinema operators including Cineworld, Odeon, Showcase Cinemas and Vue, ... Read more ›
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Manchester-based Praetura Ventures is launching a £20m fund for investing in life sciences startups in Greater Manchester, Cheshire and Warrington. The “GMC Life Sciences Fund by Praetura” will invest between £50,000 and £2m in early-stage businesses and SMEs located in the three cities in a bid to boost life science innovation in the North West ... Read more ›
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The UK’s competition watchdog is launching an investigation into tech giant Alphabet’s flagship subsidiary Google over alleged unfair market dominance in online advertising. This will be the second recent probe conducted by the Competitions and Markets Authority (CMA) into Google’s advertising. The CMA will investigate Google’s service for buying and selling advertising slots online. The ... Read more ›
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Community investment platform Neighbourly has raised £1.6m in an accelerator investment round led by Guinness Ventures. Neighbourly will use the funding for hiring as well as brand and product development. The Bristol-based company is an investment platform that lets businesses contribute to verified ‘good causes’ by donating staff time, money, and excess products. This can ... Read more ›
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SFC Capital, one of the most active venture capital investors in the UK, has committed to continue backing British startups as the tech industry continues to face a difficult economic period. “SFC is backing British startups more than ever,” Angelika Burawska, COO of SFC Capital, told UKTN. “There’s good momentum in the early-stage funding markets ... Read more ›
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Robin Tombs is the CEO and co-founder of Yoti, a digital verification software company. Founded in 2014, Yoti provides tools that businesses can integrate into their website, app or platform to verify the identity of users. This can be used for processes such as online age checks and its technology is used by the likes ... Read more ›
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Terra, the “stablecoin” that shocked the cryptocurrency world when its value plummeted despite its promise to be perpetually equal to the US dollar, is being rebooted in an effort to recover the money lost in the fall. Terra 2.0 launches this morning, with the notable difference of not being tied to the value of the ... Read more ›
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Deliveroo has joined the growing list of tech companies changing hiring plans due to the global economic downturn. While the food delivery platform isn’t making job cuts, a Deliveroo spokesperson told UKTN that the company “will pause adding some roles in certain parts of the business”. The spokesperson added: “The economic context means that, like ... Read more ›
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London-based Synthesis Capital, a foodtech and alternative protein investor, has launched a $300m (£238m) fund to back technology solutions that will help with global food system challenges. Average investments from the fund will be $15m and the venture capital firm is looking to invest in around 15 companies across the food value chain. “In order ... Read more ›
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Business Secretary Kwasi Kwarteng is set to make a full security assessment into the takeover of Newport Wafer Fab by Chinese-owned company Nexperia. Wales-based Newport Wafer fab is the UK’s largest chip plant. It agreed to the Nexperia takeover deal last year, however, the sale was blocked by the UK government over potential risks to ... Read more ›
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21.06.2026 04:57
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