Chancellor Rishi Sunak has instructed the Royal Mint to create a non-fungible token (NFT) later this year as an “emblem” of the UK’s goal to become a “global cryptoasset technology hub”. John Glen, economic secretary for the Treasury, confirmed the department’s upcoming NFT venture as part of a wider cryptocurrency push, with the government unveiling ... Read more ›
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Impact tech startup Again has secured £2.55m in pre-seed funding led by Eka Ventures. London-based Again is building a decentralised network of automated, micro-cleaning facilities called CleanCell that will allow brands to reuse packaging using automation and robotics. Again’s CleanCells gives its users data on packaging inventory and cost savings. The pre-seed investment will be ... Read more ›
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There is a significant gender imbalance in the leadership of UK spinout companies, with data showing that 86% of UK spinouts have all-male founders and 92% have all-male directors. The study, from the Royal Academy of Engineering Enterprise Hub and Beauhurst, reflects wider systemic diversity problems within the UK tech industry. Separate figures from Tech ... Read more ›
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Nearly one in five UK adults own cryptocurrency, with almost half – 45% – buying it for the first time in the last year. That’s according to research conducted by cryptocurrency platform Gemini, which was founded in 2014 by Cameron and Tyler Winklevoss. The report suggests that cryptocurrency adoption has accelerated during the pandemic and ... Read more ›
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British digital wealth manager MoneyBox has secured £35m in a Series D funding round, bringing the total investment in the London-based firm to £95.1m. Launched in 2016, more than 800,000 people use MoneyBox for savings products such as Lifetime ISAs, personal pensions and stocks and shares investments. These are all accessed via a smartphone app. ... Read more ›
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Digital authentication company Tru.id has raised an additional $4.8m (£3.6m) in its seed funding round from Sorenson Ventures, bringing the London-based firm’s total funding to $9m (£6.9m) ahead of a US launch. Sorenson’s investment follows Tru.ID’s £3m raise last February by Episode 1, MMC Ventures and NHN Ventures. Tru.ID is a digital identity company that ... Read more ›
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London Technology Club (LTC) has launched a fund that aims to raise £30m to invest in promising fintech, AI and mobility startups. This will be the third investment fund from the London Technology Club in the last three years and aims to inject its £30m into 20 to 25 investments over the next year. The ... Read more ›
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The millionaire co-founder of Passion Capital, one of London’s largest tech investment companies, has been removed from the firm after he was charged with sexual assault. The Metropolitan Police said that Stefan Glänzer will appear at Westminster magistrates’ court on Thursday. He was arrested in September last year following an allegation made in June. In ... Read more ›
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Shift worker platform Sona has raised $6.8m (£5.1m) in a seed round led by Google’s Gradient Ventures. London-based Sona will use the investment to triple its team, focusing on engineering and product development. Sona is a platform for shift-based jobs in areas such as retail and hospitality. It aggregates scheduling, shift allocations, attendance and communication ... Read more ›
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HSBC and IBM have announced a three-year collaboration to explore the potential of quantum computing in the banking industry. HSBC will explore how quantum computers can be used for pricing and portfolio optimisation, progressing its net zero goals and identifying and addressing fraudulent activity. The UK-headquartered bank will train its employees on quantum technology and ... Read more ›
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Figures in the UK tech industry have called on the government to go further and faster with its proposed reform of R&D tax credits, announced by Chancellor Rishi Sunak in last week’s Spring Statement. The mini-budget was largely focused on combatting the cost of living crisis facing individuals. It also unveiled some measures to support ... Read more ›
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Bristol-based marine robotics company Vaarst has closed a $20m (£15.2m) funding round, led by Legal & General Capital and Equinor. Vaarst will use the Series B funding to continue developing its computer vision and data management technology. It will also expand into Austin, Texas, Tokyo, Japan and grow its presence in Europe. The ocean robotics ... Read more ›
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London-based Climate VC has launched today and will be supporting startups with a focus on climate change and carbon emissions. Climate VC will invest in 120 UK-based early-stage climate startups in the next three years with £10m to be invested in the first year with the hope that at least 10 will become full-scale successes, ... Read more ›
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The National Cyber Security Centre (NCSC) has warned UK organisations to “specifically consider the risk” of using Russian technologies amid the ongoing war in Ukraine. Ian Levy, technical director of the NCSC, wrote in a blog post that Russian firms may be compelled by law to comply with the country’s Federal Security Service – although ... Read more ›
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Credit card startup Yonder has emerged from stealth with a £20m seed round, co-led by Northzone and LocalGlobe. Further investment came from Seedcamp, along with a slew of angel investors including Sharmadean Reid, Marshmallow founders Oliver and Alex Kent-Braham and ex-footballer Rio Ferdinand. Yonder will use the investment to grow its team and build a ... Read more ›
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Cashless payment solutions provider Dapio has raised $3.4m (£2.6m) to help launch its Android-based tap to pay service in the UK and Europe. The investment round was co-led by African fintech unicorn Flutterwave and US seed accelerator Techstars. Over the last few years cashless payment has been a major area of growth in the UK. ... Read more ›
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Orka, a Manchester-based software platform for shift workers to find work, onboard and get paid, has closed £3m in a Series A funding round. Orka will use the funding, which came solely from fellow Manchester-based VC firm Praetura Ventures, to speed up product development. That includes expanding its API integration programme and using data science ... Read more ›
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Today is the deadline for cryptocurrency companies to be registered with the UK’s financial regulator or cease operations in the country – a move that has been largely criticised by the industry. The requirement comes as part of the Financial Conduct Authority’s (FCA) attempt to tackle money laundering and other financial crimes in the cryptocurrency ... Read more ›
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Connect Earth, a startup that collects environmental data and makes it available through developer toolkits, has raised $1.8m (£1.3m) in a pre-seed round of funding. The round was led by MSM (Mustard Seed MAZE), Market One Capital and D2 Fund. Additional investment came from Plug and Play, Entrepreneur First, Venista Ventures and angel investors. Connect ... Read more ›
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The UK’s financial regulator has temporarily extended the deadline for 12 cryptocurrency companies to register their UK operations or cease doing business in the country. The crypto firms, which include Revolut and Copper Technologies, had faced a 31 March cliff edge from the Financial Conduct Authority (FCA). But the 12 companies will now be given ... Read more ›
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21.06.2026 10:54
Last update: 10:45 EDT.
News rating updated: 17:40.
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