Tannin-based electric cargo bike provider Vok Bikes has entered a partnership with European same day-delivery company Stuart Delivery. Under this deal, Stuart courier partners will be able to use Vok’s electric cargo bikes in London via a short-term rental model without requiring any prior financial commitment. Voks’ bikes will be available for Stuarts’ couriers in ... Read more ›
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Chase, the newly launched retail arm of US investment bank JPMorgan, is set to hire hundreds of new staff as it looks to gain a slice of the competitive UK digital bank market. Chase, which is JPMorgan’s first overseas consumer bank, plans to increase its headcount up from 800 people to over 1,000 next year. ... Read more ›
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Data-driven marketplace for business finance Funding Options has partnered with London-headquartered money transfer platform Wise to expand its offering for SMEs to help them recover from the pandemic. The partnership will offer Wise Business to SMEs to pay international invoices, vendors, and employees in 80 countries without subscription fees. Wise added that there will be ... Read more ›
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Kitt, a London-based workspace provider, has raised £6.1m ($8.16m) funding in a Series A round led by Hoxton Ventures. Other investors, including Octopus Group CEO Simon Rogerson and SquareFoot founder Jonathan Wasserstrum, participated in the raise. The announcement comes six months after Kitt raised £3.6m from Barclay Ventures. The latest Kitt funding round brings the ... Read more ›
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The UK’s competition regulator has said Apple and Google are using their “substantial” market power to stifle competition in the mobile ecosystem space. The Competition and Markets Authority (CMA) said that the tech giants had a “vice-like grip” over mobile operating systems, app stores and web browsers that makes it “extremely difficult” for rivals to ... Read more ›
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US-based venture capital firm Sapphire Ventures has said it intends to “significantly” expand its European investments over the coming years and has announced that partner Kevin Diestel is moving from Silicon Valley to join the firm’s European team in London. It follows Saphire Ventures opening its first European office in London last year with seven ... Read more ›
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Andrew Bailey, the governor of the Bank of England (BoE), has warned financial institutions to be “cautious and prudent” when dealing with cryptoassets until new regulations are in place. It comes as some British banks have started offering services such as cryptoasset derivatives trading. The rapid rise of cryptoassets has created concerns that they will ... Read more ›
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BGF, a London-based growth capital investor, has invested £8m in Reading-based counter-drone company Operational Solutions Ltd (OSL). Operational Solutions plans to use the funding to expand its recruitment programme with new roles that include R&D, engineering, and business development. Founded in 2010, Operations Solutions provides drone defence and tailored consultancy for the defence, aerospace, and ... Read more ›
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London-based leak prevention solution LeakBot has announced plans to go public via a reverse takeover with special purpose acquisition company (SPAC) Spinnaker Acquisitions. The new company will launch on the UK’s main market with the name Ondo Insurtech Plc. LeakBot is an internet of things (IoT) company that detects water leaks in buildings with its ... Read more ›
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From using computer vision to broadcast a concert into a game to machine learning tools for analysing orchards, Cambridge-based post-seed accelerator Deeptech Labs has announced its autumn deeptech startup cohort. The VC fund and accelerator programme was founded in 2020 by British semiconductor designer ARM, Cambridge Innovation Capital, Ewan Kirk, Martlet Capital and the University of Cambridge. It aims ... Read more ›
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NatWest Bank has been fined £265m by the UK’s financial watchdog for failing to prevent nearly £400m of money laundering. A criminal gang deposited cash in black bin bags across 50 NatWest banks, including £700,000 at one branch, prosecutors said. It’s the first time that a financial institution has faced criminal prosecution under anti-money laundering ... Read more ›
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Innovations in the payments industry have exploded throughout the pandemic. As multiple lockdowns restricted people from leaving their homes for months, there has been a rapid shift in consumer and business behaviour. A growing reluctance to touch physical money has meant that cashless payments now account for the majority of store transactions, and ecommerce increased ... Read more ›
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London-based insurance management system provider Genasys has secured a £12.25m investment from Frog Capital, an investor in European scaleup software. The deal will see Frog Capital take a significant stake in Genasys, while the latter’s management team retains operational control of the business. Genasys provides an insurance management platform on a software-as-a-service (SaaS) basis. Its ... Read more ›
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Qonversion, a London-based subscription data platform, has raised €1.7m (£1.45m) in a funding round. This investment round was led by Flashpoint VC and Visionaries Club alongside participation from Blinkist founder Holger Seim and S16VC. The subscription data platform intends to use the funds to strengthen its engineering team and build a commercial team that will ... Read more ›
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OakNorth, a UK challenger bank for small and medium-sized companies, has acquired London-based intelligent cashflow business Fluidly for an undisclosed sum. The deal, which is subject to regulatory approval, will see OakNorth gain Fluidly’s software that combines data science with accountancy and domain expertise. It is used by around 1,300 accountancy firms. OakNorth said the ... Read more ›
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UK-based Wisdom, a social audio app, has picked up $2m (£1.5m) in a seed funding round led by First Round Capital along with a slew of angel investors. The investment will be used to build a roadmap of features, such as those focused on boosting community engagement. Founded by Dayo Akinrinade, Wisdom provides a platform ... Read more ›
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Bumper, a UK-based startup providing buy now pay later (BNPL) services for car repair financing, has raised $12m (£9.04m) in its latest funding round. This series A funding was led by Silicon Valley-based Autotech Ventures, with participation from Porsche Ventures and Jaguar Land Rover’s fund InMotion Ventures. The funding round, which also saw cash provided ... Read more ›
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UK companies in the IT and technology sector experienced an average of 44 cyberattacks in the last 12 months – roughly one every 8 days. That’s according to research by cybersecurity company Keeper Security as part of its 2021 Cybersecurity Census Report, which found that 79% of UK business leaders expect cyberattacks against their organisations ... Read more ›
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Earnr, a finance and tax app for the self-employed, has secured £650,000 funding in a round led by 7percent Ventures and with participation from Antler and FJ Labs. The app launched by the London startup is targeted towards the 8 million creators and “side hustlers” across the UK who run a tax-eligible small business. Earnr ... Read more ›
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The UK’s competition regulator has opened an investigation into Microsoft’s $16bn acquisition of speech recognition firm Nuance. The Competition and Markets Authority (CMA) said it is launching the probe to establish if the deal will “result in a substantial lessening of competition within any market or markets in the UK for goods or services”. The ... Read more ›
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22.06.2026 04:55
Last update: 04:50 EDT.
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