Around two-fifths of shareholders at British online grocery delivery company Ocado have voted against the executive bonus plan to give CEO Tim Steiner a £100m payout over the next five years. A recent shareholder vote saw just over 29% reject the company’s previously devised remuneration policy. Ocado’s remuneration committee sought approval for a three-year extension ... Read more ›
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Funding your business is a core financial decision – and struggle – that a company needs to make – and overcome – to thrive. Crypto-backed loans solve the obstacles of traditional banking funding, providing flexibility, accessibility, and an accelerated resolution process. Nebeus Business Crypto-backed Loans allow companies and accredited investors to take a loan from ... Read more ›
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The latest UKTN Podcast is out now. This week’s guests are the founders of fintech company Fintern, Gerald Chappell and Dr Michelle He. Founded in 2020, Fintern provides consumer lending to those rejected by high street banks. Customers link their accounts using open banking so Fintern can “X-Ray finances” and look beyond traditional credit scores. “What that ... Read more ›
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Elon Musk has been invited to meet with British MPs to discuss his recent $44bn (£34.5bn) acquisition of Twitter. Conservative MP Julian Knight has written to Musk regarding some of the pledges the billionaire entrepreneur made about the future of the social media company. While no concrete decisions have been made on how Musk will ... Read more ›
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Crypto payments provider Cheq wants to remove the price volatility associated with buying digital cryptocurrencies such as Ethereum. Cheq has raised $2m (£1.5m) in its pre-seed funding round led by Connect Ventures and will use it to “establish itself” as the default option for paying with stablecoins that are tied to the US dollar. The ... Read more ›
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The UK government is no longer expected to include legislation to increase the power of tech regulators in the upcoming Queen’s Speech. Sources told The Financial Times yesterday that the government’s new legislative programme is not expected to include the previously planned bill. It would have provided additional powers to the tech regulators, the Digital ... Read more ›
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Spatial mapping company SLAMcore has raised $16m (£12.8m) in its Series A investment round led by ROBO Global Ventures and Presidio Ventures. The London-based startup will use the capital to meet the demand for its technology across multiple sectors, including consumer electronics, logistics and manufacturing. SLAMcore is creating algorithms that will let autonomous devices, such ... Read more ›
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Swedish fintech giant Klarna will start reporting buy now pay later (BNPL) purchases made by UK customers to credit agencies next month, in a move that could affect the credit ratings of shoppers. The new policy will see Klarna share customer purchase data with credit reference agencies Experian and TransUnion. The move came from extended ... Read more ›
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Entrepreneur network Techstars London has revealed the 2022 cohort of startups in its accelerator programme. This year’s cohort concentrates on helping underrepresented founders, with 42% of the companies female-led and two-thirds based outside of the UK and EU. The 12 successful startups will spend the next three months evaluating growth plans with advice and support ... Read more ›
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Legaltech platform SeedLegals has said it has assisted startups in closing more than £1bn in funding for UK companies. Founded in 2016, SeedLegals is a platform that supports startups and small businesses by aiming to reduce the time and expense of traditional legal departments and offering funding services that help founders raise company money. The ... Read more ›
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Puma Private Equity has sold its stake in digital wellbeing platform Tictrac to Canadian healthcare platform Dialogue Health Technologies Inc in a £35m deal. It is Dialogue Health Technologies’ largest acquisition to date and gives Puma Private Equity a 38% internal rate of return two years after making its investment. London-based Tictrac’s software is used ... Read more ›
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UK Prime Minister Boris Johnson has reportedly written to SoftBank in a last-ditch bid to persuade the Japanese conglomerate to list semiconductor designer Arm in London instead of New York. The development, first reported by the Financial Times, follows US-based tech giant Nvidia abandoning its $40bn (£29.6bn) takeover of Arm earlier this year due to ... Read more ›
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The UK’s competition watchdog has given the London Stock Exchange Group (LSEG) a deadline to hand over evidence that proves its recent merger with fintech company Quantile is not harmful to competition. The Competition and Markets Authority (CMA) has given LSEG and Quantile Group until 10 May to provide adequate documents to avoid an in-depth ... Read more ›
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Staff at the Financial Conduct Authority (FCA), the UK’s financial regulator, have confirmed they will begin strike action this week following an earlier vote from the Unite union. The FCA walkout, which was described by Unite as a “historic first”, will begin on Wednesday and continue until Thursday. Members are expected to stage a protest ... Read more ›
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London is widely considered the tech hub of the UK and Europe – and with good reason. Last year, tech startups based in the capital raised a record £18.55bn, making it the fourth-highest city for VC investment globally. It also became home to a record 18,549 new tech startups. But 2021 also highlighted the increasingly ... Read more ›
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The UK has the largest female health gap in the G20. A “female health gap” refers to women being in generally worse health over the course of their lives than men and occurs due to gender disparity across the healthcare system. Clinical trials and diagnostics, for example, take the male body as the standard and ... Read more ›
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Cloud-based property management platform Re-Leased has raised $15m (£11.9m) in a funding round led by JLL Spark. Re-leased is a platform for real estate firms to manage property portfolios, providing a technological boost to a traditionally slow-moving industry. The portfolio dashboard gives developers and landlords greater visibility and control of their properties, as well as ... Read more ›
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Medtech 52 North Health has been awarded $1.4m (£1.1m) in funding from SBRI Healthcare. Cambridge-headquartered 52 North Health will use the capital to develop its NeutroCheck device and transfer to manufacturing and clinical usability trials. Founded in 2018, 52 North Health aims to improve healthcare by introducing fully-integrated, AI and medical-device systems. Its platform allows ... Read more ›
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Payroll tech provider Symmetrical.ai has raised £14.7m in a funding round to support the company’s goals of international expansion. Based in London, with offices in Warsaw and Barcelona, Symmetrical.ai was founded to tackle the issue of providing payments to international staff. The difficulty of coordinating the payroll and financial systems of different countries is especially ... Read more ›
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Tariq Rauf is the founder and CEO of Qatalog, a company that provides collaboration software for distributed workforces. Its platform, which integrates with popular enterprise software such as Slack and Zoom, is used by the likes of Nvidia, Twitter and Airbnb. While Qatalog is headquartered in London, the company itself has a distributed workforce with ... Read more ›
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21.06.2026 04:58
Last update: 04:45 EDT.
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