Swedish “buy now, pay later” company Klarna has launched a physical bank card in the UK that will allow people to delay payments for up to 30 days at high street stores as well as online. The fintech company said that 400,000 people in the UK had already signed up for the Klarna Card, which ... Read more ›
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Disease prevention and health promotion platform Bioniq has acquired LOEWI, a Technical University of Munich spinout that provides tailor-made nutrients based on patients’ blood work and lifestyle. Bioniq said the acquisition will boost its global expansion and accelerate its European presence in Germany, Austria, Switzerland, and the Netherlands. The two companies did not disclose the ... Read more ›
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PQShield, a UK startup developing encryption tools designed to withstand cyberattacks from quantum computers, has raised $20m (£14.8m). The Series A round was led by Addition, while existing investors Oxford Science Enterprises and Crane also provided funds. PQShield said it will use the funding to double its headcount this year and to drive international expansion. ... Read more ›
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Vodafone UK has said it will retire its 3G network in 2023 in a bid to improve the 4G and 5G experience for its customers. The British multinational plans to phase out 3G coverage gradually and will replace it by strengthened 4G and 5G services across the UK. The telecom company is retiring 3G after ... Read more ›
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UK-based fintech Everything has raised €2m (£1.67m) to reinvent a decades-old financial product: premium bonds. The raise was led by a group of angel investors, including Merama co-founder and CEO Sujay Tyle, along with Frontier Car Group founders Peter Lindholm and Ricardo Donoso. Axel Arigato co-founder Albin Johansson and angel collective Framtid pitched also provided ... Read more ›
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Sylvera, a UK-based startup that provides ratings for carbon offsets, has raised $32.6m (£24.1m) in a Series A funding round to accelerate and expand its service. It brings Sylvera’s total funding raised to date to $39.5m (£29.2m). Founded in 2020, Sylvera provides data on nature-based offset projects. This covers data such as raw carbon performance, ... Read more ›
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DebtStream, a digital platform for businesses to collect debt from those who fall into arrears, has raised £1.1m in a funding round led by early-stage venture capital firm Ascension. US-based fund Fin Venture Capital also participated, along with angel investors Christ Adelsback, founder of Outrun Ventures, and John McAndrew, former CEO of TransUnion. The Chester, ... Read more ›
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InstaDeep, a London-based startup that provides AI decision-making tools for enterprises, has raised $100m ($£74m) in a Series B funding round. The round was led by venture capital firm Alpha Intelligence Capital and private equity firm CDIB. The company will use the extra capital to advance its computing infrastructure, which is designed for high-performance decision-making ... Read more ›
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SME lender 365 Business Finance has raised £55m in a debt and equity raise to fund its goal of quadrupling lending over the next two years. The London-based company, which offers revenue-based funding to small and medium-sized businesses across the UK, said demand for its merchant cash advance services has more than doubled from pre-Covid ... Read more ›
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British IT firm Computacenter said it has been stockpiling inventory to sidestep supply chain issues and component shortages that have been plaguing businesses globally. The Hatfield, Hertfordshire-based company said its product order backlog is at an “all-time high and considerably larger than a year ago”. Throughout the pandemic, companies have struggled with supply chain issues ... Read more ›
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Improved mental health and increased productivity are two of the main benefits that come with working in the office, a survey of UK workers has shown. Last week the government ended its work from home guidance, with ONS data showing the Omicron variant has peaked in the UK. Removing this guidance immediately caused a small ... Read more ›
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The dominance of traditional retail banks is “starting to weaken” because of the rise in digital challenger banks, the UK’s financial watchdog has said. The Financial Conduct Authority (FCA) said that shares of personal and micro-business current accounts held by challenger banks rose between 2020 and 2021. The shift has been driven by “digital innovation ... Read more ›
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The UK’s data watchdog has delivered a blow to a government-backed campaign to delay the introduction of end-to-end encryption for private messaging, arguing that it would put “everyone at risk”. The “No Place To Hide” campaign has been launched by child safety campaigners and charities and is backed by the Home Office. Campaigners and home ... Read more ›
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UK-based business financial platform Tide says it added 100,000 customers in 2021, which it claims makes it the seventh-largest banking services provider to UK SMEs. The 30% rise in members of its financial services platform brings the total number of businesses using Tide to 400,000. The majority of these new customers came from businesses that ... Read more ›
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Fife, Scotland-based retinal imaging company Epipole has raised £1.3m in a funding round led by early-stage investor Greenwood Way Capital, along with support from Scottish Enterprise, a government funding agency. The Scottish company plans to use the funding to hire people in the US to support the company’s product launch and early commercialisation within primary ... Read more ›
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Let’s make things clear. There has never been a better time to talk about talent in the UK tech industry. Recent stats show a record year of investment in the sector and monumental generational changes to workforces with the rise of the so-called “great resignation”. It’s not surprising many tech leaders are now mindful of ... Read more ›
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London-based marketing technology platform Mention Me has raised $25m (£18m) in a Series B funding round. The investment was led by Octopus Ventures while previous backer Eight Roads Ventures also participated. The scaleup is planning to use the latest funding to expand into the US market, invest in its partner network, which Includes Klaviyo, TrustPilot, ... Read more ›
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Pathfinder Medical, a company developing an electronic guidance system to help connect blood vessels during endovascular surgery, has raised £8.5m in funding The funding round was led by the British Growth Fund (BGF), an investment firm that has put over £100m in medtech companies including OrganOX and Vasorum. It was also led by Parkwalk, a ... Read more ›
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London-based growth equity firm One Peak has invested $57m (£42m) in German internet of things (IoT) startup EMnify. One Peak, which focuses on growth-stage tech companies across Europe and Israel, was the sole provider in the Series B round. Berlin-based EMnify will use the funding to accelerate its global market expansion, particularly in the US, ... Read more ›
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Aegiq, a University of Sheffield spin-out developing networking technology that’s secure in the quantum computing age, has raised £1.8m in seed funding for its quantum photonics platform. The funding, shared exclusively with UKTN, was led by High-Tech Gründerfonds, a public-private venture capital firm based in Bonn, Germany. Deepbridge Capital and angel investors also provided funds, ... Read more ›
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22.06.2026 00:21
Last update: 00:15 EDT.
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