UK fintech group SPG, which owns Shieldpay and Paycast, has raised $34m (£25m) in a Series A funding round. The investment was led by Marqeta and Mastercard along with participation from CreditEase, Elliott Management, and Techstars. With the fresh capital, SPG aims to scale up Shieldpay and capitalise on growing demand in the professional services ... Read more ›
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London-based activist investment platform Tulipshare has raised $10.8m (£8.15m) in a seed funding round. The investment was led by Eurazeo, Speedinvest, and Frst, along with the co-founders of social app Zenly, and Voodoo game-studio. As per the company, the funding will be used to hire new talent and add over 20 new personnel as remote ... Read more ›
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London-based ClearCourse has announced a deal to acquire job management software provider Eworks Manager for an undisclosed sum. ClearCourse is a group of technology companies providing software, services and integrated payments solutions. The acquisition will see ClearCourse’s proprietary payments platform, ClearAccept, integrated into Eworks’ invoicing and payment services. ClearCourse said Eworks will benefit from synergies ... Read more ›
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UK-based delivery experience platform Sorted has closed a $40m Series C funding round and acquired automated returns startup Clicksit as it looks to accelerate its US expansion. The two companies, both headquartered in Manchester, said the acquisition would help retailers using Sorted provide post-purchase services in one platform. As part of the deal Sorted will ... Read more ›
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Last month, we saw the United Nations Climate Change Conference (COP26) draw to a close. The event, which gathered global world leaders, has provided a rallying call for the world to take serious action if we are to meet climate change goals in the years to come. A key outcome from the conference has seen ... Read more ›
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UK proptech investment reached a record £1.6bn in 2021 and has more than quadrupled since 2020, according to venture capital firm Pi Labs. The London-headquartered firm said 2021 UK proptech investment levels are more than 15 times higher than the £105.68m invested in 2016, demonstrating the rapid rise of the sector. The surge in UK ... Read more ›
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The chief executive of Ocado Retail is unconvinced by the business model of rapid grocery delivery startups and “struggles to see the route to profitability” for companies such as Zapp and Getir. Startups aiming to deliver groceries in 15 minutes or less have grown quickly during the pandemic. Despite this, most run at significant losses ... Read more ›
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The UK government’s broadband delivery body, Building Digital UK (BDUK), is set to become an executive agency in a reshuffle aimed at speeding up the rollout of gigabit broadband across the country. BDUK, currently a division within the Department for Digital, Media and Sport, oversees the government’s £5bn effort to provide businesses and consumers access ... Read more ›
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Venture capital firm Antler has announced an initiative to back founders and developer teams that are building the nascent decentralised internet known as Web3. The VC firm, which is currently working with founders and early-stage companies across 17 cities worldwide, is looking for Web3 startups to join its global cohorts. Antler plans to invest in ... Read more ›
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Carwow, a London-based online car marketplace, has raised $55m (£41.3m) in funding from US firm Hercules Capital. Carwow will use the venture debt funding to accelerate technology and platform development, international expansion, and user growth. The British company said it will create 150 roles in its ‘Sell Your Car’ division over next month, in addition ... Read more ›
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The pandemic and subsequent lockdowns afforded most of us time to stop and ask ourselves what we really want from our careers. With restrictions (hopefully) a thing of the past, is now the time to shake things up and go in a different direction? Has the business you set up run its course and is ... Read more ›
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London-based electric vehicle (EV) charging point startup Rightcharge has raised £700,000 in a seed funding round. Founded in 2019, Rightcharge provides a service to help EV drivers locate charging points and compare energy tariffs that are suitable for home charging from a list of 50 “vetted” companies. Investors in the round include Link Venture Capital ... Read more ›
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UK-based hiring intelligence startup Screenloop has raised $2.5m (£1.9m) in an oversubscribed funding round. It will use the funds to develop its hiring solutions, which include tools for interviews, references and candidate sourcing. Screenloop was founded by a team of senior operators from unicorns – private companies valued at $1bn or more – that believe ... Read more ›
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The number of attempted ransomware attacks has increased by an average of 30% during the holiday season between 2018 and 2020, according to researchers at Cambridge-headquartered cybersecurity company Darktrace. The data supports other research that shows cybercriminals step up attacks during holiday periods to cause maximum damage. Earlier this year, hackers infected US IT vendor ... Read more ›
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The number of attempted ransomware attacks has increased by an average of 30% during the holiday season between 2018 and 2020, according to researchers at Cambridge-headquartered cybersecurity company Darktrace. The data supports other research that shows cybercriminals step up attacks during holiday periods to cause maximum damage. Earlier this year, hackers infected US IT vendor ... Read more ›
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British asset manager Abrdn has confirmed it plans to acquire subscription-based investment platform Interactive Investor for £1.49bn. Abrdn, which rebranded from Standard Life Aberdeen earlier this year, is awaiting the approval of its shareholders at its general meeting to be held in the first quarter of 2022. If approved, the deal is expected to be ... Read more ›
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UK workers are most concerned about unvaccinated colleagues and catching the flu when it comes to returning to offices, research has found. It comes as the spread of a new Covid-19 variant called Omicron has seen the UK re-introduce mask-wearing rules and businesses start to take extra precautions once again. A survey of 2,000 UK-employed ... Read more ›
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Mintago is a financial platform that aims to improve the “financial wellness” of employees. Founded in 2019 and based in Kent, UK, Mintago provides pension services designed to bring down National Insurance costs for businesses and employees. Its pension dashboard and financial education library are currently available to users through employers and trusted partners. In ... Read more ›
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The Financial Conduct Authority (FCA) has confirmed changes to listing rules in a bid to encourage more companies to go public in the UK. The revised UK listing rules will let companies create dual-class share structures within the premium listing segment for five years. Dual-class shares are popular among founders because it gives them additional ... Read more ›
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Fashion technology scaleup PlatformE has acquired Cambridge, UK-based machine learning company Catalyst AI for an undisclosed sum. The deal, shared exclusively with UKTN, will combine Catalyst AI’s supply chain optimisation machine learning tools with PlatformE’s made-to-order fashion services. The companies did not disclose the full terms of the deal. Founded in 2015, PlatformE’s software platform ... Read more ›
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22.06.2026 06:53
Last update: 06:45 EDT.
News rating updated: 13:40.
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