London-based cybersecurity firm Red Sift has closed $54m (£40m) in a Series B funding round to fuel its global expansion, which includes a new headquarters in Austin, Texas. European growth investor Highland Europe led the funding round, while other investors included Sands Capital, Oxford Capital and MMC Ventures. Rahul Powar and Randal Pinto founded Red ... Read more ›
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The UK’s financial watchdog has said crypto-exchange company Bitpanda does not automatically have approval to fully perform regulated services in Britain following its acquisition of digital asset custody platform Trustology. Vienna, Austria-headquartered Bitpanda claimed on Tuesday that the acquisition of Financial Conduct Authority (FCA) regulated Trustology meant it was “now able to perform custodian services ... Read more ›
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Michelle Kennedy is the founder and CEO of Peanut, a social media platform that provides a safe space for women to connect. Kennedy founded Peanut in 2017 when she had her first child but no one to turn to with her questions. The Peanut app provides forums for women to connect and discuss topics such ... Read more ›
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Online trading of currencies, or foreign exchange (FX) has witnessed a major shift in recent years. The entry of the tech-driven world into investment markets has resulted in the emergence of many automated trading platforms with exceptional features. To trade currencies conveniently, you must sign up with a forex broker. Read ahead to know exactly ... Read more ›
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UK fintech company Wise has placed restrictions on money transfers to Russia following the country’s invasion of Ukraine on Thursday morning. Wise, formerly known as TransferWise, told UKTN that it is also capping transfers on its platform to Ukraine so that it can continue providing its service there. “As long as we are able to ... Read more ›
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SoftBank has led a $230m (£172m) secondary placing investment into London-based recipe box startup Gousto. The investment, which comes via SoftBank’s Vision Fund II, follows a previous $100m (£73.8m) invested by the Japanese conglomerate in January, which valued the company at £1.25bn. The latest round has introduced new investors Fidelity International, Grosvenor Food & AgTech ... Read more ›
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Digital verification software company Yoti is looking to raise £8-10m in outside funding later this year, having so far relied on more than £110m provided by its founders and employees since it was founded in 2014. Yoti co-founder and CEO Robin Tombs told Sifted that the company is calling it a pre-Series B round “because ... Read more ›
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The UK is crying out for more developers. The sheer pace of digital innovation means that software development skills have never been more in demand. Businesses of every shape, size and sector are competing to recruit developers with the skills to drive their rapidly evolving transformations agendas – but there just aren’t enough to go ... Read more ›
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If you’re looking to build a portfolio of stocks and shares, the best long-term strategy to take is to ensure that you are well diversified. This means investing in a basket of stocks from a variety of industries and sectors. If you’re looking for a bit of inspiration, this article will explore the 10 best ... Read more ›
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Manchester-based ecommerce company THG has refuted reports that it’s experiencing supplier problems and said it “knows of no notifiable reason” for its declining share price. It follows a Sunday Telegraph report that Dermalogica, a subsidiary of Unilever, has been restricting supplies to THG Beauty due to concerns it is discounting products too heavily. A supplier ... Read more ›
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The London Stock Exchange Group (LSEG) has acquired US trading tech company TORA in a $325m deal that could give the UK’s main market the capability to offer digital asset trading. TORA provides cloud-based execution management system (OEMS) software across equities, fixed income, foreign exchange, derivatives and digital asset trading. LSEG, like a growing number ... Read more ›
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US recurring revenue trading platform Pipe has acquired London-based entertainment supply-chain financier Purely Capital for an undisclosed sum. The acquisition will help Pipe launch a media and entertainment division on its platform, which lets companies with recurring revenue streams raise up-front capital. Pipe will use Purely Capital’s license fee payments technology to help producers, right ... Read more ›
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UK cybersecurity firm Darktrace has acquired Cybersprint in a cash and equity deal valuing the Dutch attack surface management company at €47.5m (£39.6m). Cybersprint is based in the Hague, Netherlands, and provides real-time cybersecurity insights for businesses and detects potential security risks. Darktrace said it will integrate Cybersprint’s attack surface management tools with its own ... Read more ›
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London-based fintech startup Weavr has raised $40m (£29.5m) in a Series A funding led by Tiger Global to launch its embedded banking service in the US and continue its expansion in Europe. Founded in 2019, Weavr provides “plug-and-play” tools for businesses to integrate financial services – such as commercial payments or business payouts – into their ... Read more ›
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London-based VC firm Backed has raised a €150m (£125.4m) fund to invest in early-stage tech startups across Europe. The fund will be split in two, with half the money going towards a new fund called the Backed Encore 1 fund, which will focus on follow-on investments in later-stage rounds of its existing portfolio companies. The ... Read more ›
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Automata, a company that automates lab processes with software and hardware solutions, has raised $50m (£37m) in a Series B round led by Octopus Ventures. London-based Automata said it will use the investment to develop its technology used by scientists working in diagnostic, drug discovery and biotech. Automata provides two products: a software platform for ... Read more ›
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US fintech company SS&C’s £1.24bn takeover of British software firm Blue Prism has passed regulatory checks and is expected to go ahead, pending approval in a March court hearing. If approved at the 14 March court hearing, the takeover will take effect the following day. Blue Prism shares will be delisted from the London Stock ... Read more ›
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Employee relocation platform PerchPeek has secured £8m in a Series A funding round co-led by AlbionVC and Boston’s Stage 2 Capital. The London-headquartered firm will use the capital to grow its platform for helping companies build mobile, distributed workforces and streamline overseas relocation. Additionally, the cash will be used to grow the app-development team to ... Read more ›
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Founders and CEOs at more than 70 of the UK’s leading fintech companies – including Monzo, Starling and Atom Bank – have called on the UK government to update the “regulatory rulebook” to ensure the sector remains globally competitive. In an open letter published by industry trade body Innovate Finance, UK fintech leaders acknowledged the ... Read more ›
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Investment platform PrimaryBid has secured $190m (£140m) in a Series C funding round led by SoftBank, the world’s largest technology investor. The London-based fintech will use the funding for international expansion, including the US. PrimaryBid will also use the additional capital for product innovation, growing its team and developing its partnership with ABN AMRO and ... Read more ›
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21.06.2026 17:44
Last update: 17:35 EDT.
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