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UK Tech News
Shubham Sharma @ UK Tech News 3 place · 11/23/2021 08:24 EDT

Australian BNPL firm Humm enters UK credit market as regulation looms

The UK buy-now-pay-later (BNPL) market is a crowded space, with multiple companies vying for a chunk of the lucrative sector. Entering the fray is Australian BNPL firm Humm, which has launched its first alternative credit offering in the UK. The company will be offering two options in the UK market and is set to take ... Read more ›

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UK Tech News
Robert Scammell @ UK Tech News · 11/23/2021 06:19 EDT

Getir eats up UK rival Weezy in rapid grocery delivery consolidation

Rapid grocery delivery company Getir is acquiring UK rival Weezy in a sign that the nascent market flush with investor cash is consolidating. The definitive agreement will see Turkey-headquartered Getir absorb Weezy’s 700 staff and four UK fulfilment centres. The two firms did not disclose the financial terms of the deal. Both Weezy and Getir ... Read more ›

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UK Tech News
Staff Reporter @ UK Tech News 1 place · 11/23/2021 04:14 EDT

Clothes repair platform The Seam raises £250,000

The Seam, a London-based online platform that connects people with clothing alteration and repair services, has raised £250,000 in a pre-seed funding round. The company says its network of 700 tailors across London can help reduce fast fashion waste by encouraging repairs. More than two tonnes of clothes are bought in the UK every minute ... Read more ›

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UK Tech News
Robert Scammell @ UK Tech News · 11/22/2021 11:39 EDT

Cybercriminals steal card details from 4,000 ecommerce firms – NCSC

Cybercriminals have stolen card details from over 4,000 UK online retailers by exploiting a vulnerability in popular ecommerce software Magento, the UK’s National Cyber Security Centre (NCSC) has warned. The NCSC – a division of GCHQ – is urging ecommerce businesses to update Magento, an open source ecommerce platform that was acquired by Adobe in ... Read more ›

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UK Tech News
Staff Reporter @ UK Tech News 3 place · 11/22/2021 09:00 EDT

Tel Aviv-based cybersecurity firm Shield IoT raises £5.5M funding in Series A: Here’s why

Shield-IoT, an IoT cyber security, and analytics software solution provider announced that it has raised $7.4M (approx £5.5M) funding in the Series A round.  Investors The funding round was led by NextLeap Ventures and Bloc Ventures, with the participation from Atlas Ventures, Akamai Technologies, Springtide Ventures, DIVEdigital, and Janvest Capital Partners. The company will use ... Read more ›

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UK Tech News
Staff Reporter @ UK Tech News 1 place · 11/22/2021 03:30 EDT

SaaS investment platform Aikido Finance picks up £4.2M funding with growth and expansion plans

Recent studies have reported that 75 percent of millennials and gen-z were planning to get involved in investment through trading platforms, leveraging technology for investment opportunities. Aikido Finance, a Dublin-headquartered cloud-based investment platform gives everyone the access to investment strategies that were confined to financial institutions. Its approach makes algorithmic trading available to everyone, not ... Read more ›

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UK Tech News
Staff Reporter @ UK Tech News 3 place · 11/22/2021 03:00 EDT

London-based property fintech GetGround appoints Marco Grossi, senior lead from Facebook, Google

London-based GetGround is the only digital company formation and management platform for UK property investing in the world. Now, one of the first people Marco Grossi to launch mobile ads for Google in EMEA, has joined GetGround as VP Revenue. Recently, Marco joins GetGround from Stocard (acquired by Klarna), a German digital wallet app used ... Read more ›

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UK Tech News
Staff Reporter @ UK Tech News 1 place · 11/19/2021 06:24 EDT

London becomes top hub for healthtech, investments increase to $345M

As per the latest data from London & Partners and Dealroom, the UK and US are driving forward the rapid growth of the global healthtech sector. It shows that the $51.3 billion funds have been pumped into global healthtech startups in 2021. Notably, this is up from 280 percent in 2016. The findings have been ... Read more ›

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UK Tech News
Marco Callegari @ UK Tech News 1 place · 11/19/2021 05:31 EDT

Why Catalonia is the top destination for life science companies  

Catalonia is a hotbed for innovative life science businesses, with more than 1,200 pharma, biotech, medical devices and digital health companies calling it home. An abundance of high-skilled talent, valuable access to market and rich diversity of institutions have consistently made Catalonia a top location for business expansion – and more are making the move.   ... Read more ›

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UK Tech News
Staff Reporter @ UK Tech News 3 place · 11/19/2021 04:34 EDT

Digital Nations summit: UK supports digitisation of public services

UK’s tech minister led an international summit of digital ministers on Thursday to champion the use of technology to help government institutions deliver more for their people and meet the world’s biggest challenges such as the pandemic, climate change, exclusion and inequality. Digital summit hosted by UK The annual Digital Nations summit, hosted this year ... Read more ›

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UK Tech News
Megha Paul @ UK Tech News · 11/18/2021 09:45 EDT

UK startup offering low-cost infra red diabetes screening bags £1.5M in over-subscribed raise

A global epidemic and public health challenge, diabetes is killing more people than breast cancer and prostate cancer combined every year. It is a major cause of severe complications leading to blindness, kidney failure, heart attack, stroke and lower limb amputation, and the WHO projects it will be the seventh leading cause of death by ... Read more ›

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UK Tech News
Staff Reporter @ UK Tech News · 11/18/2021 09:10 EDT

London-based borderless DeFi trading platform Kibo Finance closes $1.5M seed funding

London-based Kibo Finance is the first borderless DeFi options trading platform that offers virtually any underlying asset, including Cryptocurrency, Gold, and Stocks. In a recent development, the company just announced that it has closed $1.5 million (nearly £1.1 million) in a seed funding round. Recent investment round The investment came from Republic, Huobi, Gate.io, Fenbushi, ... Read more ›

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UK Tech News
Megha Paul @ UK Tech News · 11/18/2021 09:00 EDT

Snoop Dogg, deadmau5, Shaun Neff join London-based crypto VC company

One of the first VC companies dedicated to investing in the emerging crypto ecosystem, Outlier Ventures has announced the latest strategic members to join the Outlier Ventures Partnership. These new members, who the company calls ‘Outliers’, will invest and advise startups going through Outlier Ventures’ Base Camp accelerator, dubbed the Y-Combinator of the Metaverse. Launched ... Read more ›

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UK Tech News
Staff Reporter @ UK Tech News · 11/18/2021 08:57 EDT

London’s sustainable impact platform Greenspark raises £450K funding

London-based Greenspark is a sustainable impact platform that inspires companies to deal with worldwide social and environmental issues. It has hit the headlines as it has raised £450K in a pre-seed funding round led by BBVA Anthemis Venture Partnership and Perivoli Innovations. Eyes growth with investment The investment will enable growth of their platform offering, ... Read more ›

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UK Tech News
Shubham Sharma @ UK Tech News · 11/18/2021 08:06 EDT

Apple device management solution helps Kandji bag £74M series C funding at £593 valuation

Apple is known for its near seamless software and hardware integration, and of course, it’s robust ecosystem. The Cupertino-based company’s laptops and other devices are rapidly gaining adoption in the enterprise space as well. Apple device management is a lucrative space wherein the California-based scaleup Kandji is making notable headway. The company has now secured ... Read more ›

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UK Tech News
Staff Reporter @ UK Tech News · 11/18/2021 07:23 EDT

Edinburgh augmented intelligence startup Brainnwave closes £6M funding

Headquartered in Edinburgh, Brainwave, an augmented business intelligence firm delivers game-changing insights through data, thereby helping clients transform their businesses. It has announced that it closed $10.2 million (nearly £6 million) with Hatch, which is one of the most prominent engineering, professional and project management service firms in the world. The Series A funding will ... Read more ›

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UK Tech News
Megha Paul @ UK Tech News · 11/18/2021 07:08 EDT

This newly unveiled accelerator in the UK has roped in 108 cyber startups

Cyber Runway, one of the largest and most diverse cyber accelerators has now been unveiled in the UK. With 108 cyber startup members in its kitty, it is backed by DCMS and delivered by Plexal. The accelerator has been designed to address some of the biggest challenges facing cybersecurity, such as diversity and inclusion and ... Read more ›

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UK Tech News
Staff Reporter @ UK Tech News · 11/18/2021 06:49 EDT

Pixie, the operating system for small accounting firms, pockets £2.25M to grow further

Pixie, a UK-based startup creates a simpler approach to practice management and workflow automation for small accounting and bookkeeping firms. Now, the startup just announced that it has pocketed £2.25 million in a seed funding round, which was led by Triple Point Ventures, with the participation of Seedcamp, MMC Ventures, and serial entrepreneurs and angel ... Read more ›

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UK Tech News
Staff Reporter @ UK Tech News 3 place · 11/18/2021 04:44 EDT

Bristol-based Ultraleap that develops hand-tracking solution secures £60M funding, focuses on metaverse

Ultraleap is a Bristol-based leader in interface technologies such as hand-trackng and mid-air haptics. The company has just secured £60 million in a Series D funding round from significant new investors including Tencent, British Patient Capital through its Future Fund: Breakthrough programme and CMB International alongside existing shareholders Mayfair Equity Partners and IP Group plc. ... Read more ›

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UK Tech News
Staff Reporter @ UK Tech News · 11/17/2021 12:28 EDT

London-based adtech startup Adludio eyes US expansion with £4M funding

London-based adtech startup Adludio is a leader in the mobile advertising sector. Now, the company has picked up £4 million in a funding round from Mercia to fuel its growth in the US and globally. US expansion plans Already, the company has launched successfully into the US market and gained confidence that they have the ... Read more ›

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