Swedish B2B buy now pay later (BNPL) company Treyd has raised $10.5m (Ā£8.4m) in a Series A funding round led by Nineyards Equity to expand into the UK. The expansion, shared exclusively with UKTN, will see Treyd operate out of Stockholm and London ā just like consumer-facing BNPL giant Klarna. Founded in 2019, Treyd provides ... Read more āŗ
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International hedge fund Tiger Global has been battered by the recent selloff of technology stocks. The value of the firmās public tech shareholdings has plummetted by nearly $20bn this quarter, forcing it to offload stakes in companies such as Netflix and Rivian. Founded in 2001, Tiger Global has made a name for itself by backing ... Read more āŗ
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US tech giant Google is facing a UK lawsuit over its use of NHS medical data belonging to 1.6 million people in 2015. The lawsuit stems from Googleās AI division DeepMind receiving patient data from the Royal Free NHS Trust in London for the development of its Streams app. The mobile app was designed to ... Read more āŗ
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Contact, a software platform that helps creatives such as models and photographers access job opportunities, has raised Ā£3m in a funding round backed by Game of Thrones star Maisie Williams. Contact will use the seed capital to develop product features and for expanding the platform to different creative verticals. The London-based company provides a single ... Read more āŗ
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British buy now pay later (BNPL) company Zilch has launched in the US with the opening of a Miami headquarters, as it looks to take on rivals Klarna and Afterpay in a highly competitive market. It has launched with over 150,000 pre-registered customers as it looks to capture a market that it sees as six ... Read more āŗ
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Israeli transport tech firm Optibus is gearing up for a major move into London after a fresh capital injection of $100m (Ā£80.2m), which pushed the company into unicorn status with a $1.3bn valuation. Founded in 2014, Optibus uses AI and automation technology to support the optimisation of transportation routes for mass city transit. The companyās ... Read more āŗ
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The UKās competition watchdog will launch an in-depth investigation into the London Stock Exchange Groupās (LSEG) takeover of Quantile Group. LSEG was previously handed the deadline of 10 May to provide adequate documentation to prove the acquisition of the fintech would not be harmful to market competition. A week has passed since the initial deadline, ... Read more āŗ
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London-based cryptocurrency trading platform Elwood has closed a $70m (Ā£57m) Series A funding round co-led by Goldman Sachs and Dawn Capital. Elwood is a platform for the trading of digital assets specifically designed to support institutional investors, including corporations, neobanks, hedge funds and more. āElwood was established to meet the needs of institutions seeking to ... Read more āŗ
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Pandemic-induced lockdowns turbocharged consumer cravings for restaurant meals at home, which in turn has fuelled the rapid growth of online food delivery companies. Despite this surge in popularity, there are signs of a market slowdown.Ā This uncertainty is encapsulated by the plight of Just Eat Takeaway, the multinational online food delivery service. Last quarter, it reported ... Read more āŗ
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Cleantech company Levidian has signed a Ā£700m export deal with Zero Carbon Ventures for its LOOP devices to be used in the UAE to cut half a million tonnes of carbon dioxide equivalent (CO2e). The deal will see Levidianās LOOP devices deployed across 500 sites in the UAE over the next ten years in oil ... Read more āŗ
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Biotech startup OGI Bio has secured a Ā£1m investment in a seed round of funding led by TRICAPITAL. Edinburgh-based OGI Bio will use the funding to set up a new laboratory and manufacturing facility, boost hiring and increase sales of its automation systems. The University of Edinburgh spinout has developed a ālow-costā way to automate ... Read more āŗ
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Digital asset investment manager group Grayscale is set to list an exchange-traded fund (ETF) in a host of European financial markets, including the London Stock Exchange. The ETF contains what Grayscale is calling the āfuture of financeā, featuring a multitude of firms involved in every aspect of digital assets, including cryptocurrency mining, digital asset managers ... Read more āŗ
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The Treasury has reaffirmed its commitment to introducing legislation encouraging the use of stablecoins as an accepted, regulated payment method in the UK amid a cryptocurrency market crash that saw the TerrasUSD āstablecoinā and linked Luna token delisted from major exchanges. In April the department initially unveiled a plan to support the use of certain ... Read more āŗ
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Northern Ireland has been revealed as the top UK region for coding job opportunities, according to a report published by the Code Institute. The data shows that 6.2% of all available jobs in Northern Ireland are coding related. While Northern Ireland software developers have lower salaries compared to other UK regions, they are paid on ... Read more āŗ
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āTransport poverty is one of the least well understood and most neglected social justice issues across the country at the moment,ā says Alex Shapland-Howes, co-founder and CEO of Ride Tandem. This neglect is what led to Shapland-Howes founding the London-headquartered mobility startup in 2019. A meeting with a group of fathers a little over three ... Read more āŗ
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So many startups are transfixed on raising money as soon as possible. I can understand why. But thereās another part of me that will always maintain that being bootstrapped, at least in the early days, allows you to learn and establish lessons that will serve you well for many years to come. Some of the ... Read more āŗ
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Open banking platform Token has raised $40m (Ā£32.8m) in a Series C funding round co-led by Cota Capital and TempoCap. Headquartered in London, Token is using open banking technology to shift from card-based payments to bank payments, with the goal of reducing costs. The company said it will use the new funds to expand its ... Read more āŗ
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Semiconductor designer Arm has reported record revenues ā up by 35% to $2.7bn (Ā£2.2bn) ā in the wake of parent company SoftBank reporting a record $27bn loss through its tech funds. Japanese conglomerate SoftBank is looking to float Arm on the public markets after its sale to US tech giant Nvidia collapsed due to pressure ... Read more āŗ
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An international group of the worldās largest taxation organisations is meeting today with cryptocurrency experts and data scientists in London to determine how to track and prevent tax crimes with digital assets such as NFTs. The Joint Chiefs of Global Tax Enforcement (J5), is an international joint venture between five of the worldās largest taxation ... Read more āŗ
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Moneybox has closed a three-day Ā£6.25m crowdfunding campaign, bringing the digital wealth managerās total funding to more than Ā£100m. The British fintech company surpassed its original investment target of Ā£1m in 25 minutes, with 8,700 people investing Ā£3.7m before the campaign went live on the Crowdcube platform. London-headquartered Moneybox said the fundraise is the most ... Read more āŗ
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19.06.2026 09:53
Last update: 09:46 EDT.
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