Cyber attacks and crimes are an ever-increasing threat of late. When organisations fail to detect and block a cyber-attack, they can remain unaware that the attack happened for a considerable time. It has been estimated that it takes 206 days on average for a company to learn of a previously unprevented breach. Seedata.io, a London-based ... Read more ›
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While Tinder has become sort of internet for those looking to date and most of us, quit it at some point as it eventually becomes more like a game of ‘swiping right and left’ on profiles rather than finding the perfect match. Now, as the industry is trying new ways to fulfil users demands, they ... Read more ›
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Having emerged as a serious contender in the electric vehicle (EV) space and setting itself apart with a focus on heavy-duty trucks, US EV automaker Rivian is now looking at entering the UK. The company has been in talks with the British government about a potential car production facility outside of the US. With Amazon ... Read more ›
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Trading 212 UK Limited, a London-based FCA-regulated online broker offersing trading services with forex, company shares, and CFDs. Now, the company has secured £13.75 million in capital from its shareholders Borislav Nedialkov and Ivan Ashminov, who are also its co-founders. Growth plans As per Finance Magnates, the latest fundraising was made in late July and ... Read more ›
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Last year, a pair of retail and finance experts Ashley Horn and Fahad Khan, went on to build a community that puts local, high-quality, sustainable products in the hands of consumers, helping to rebuild the economy for independent businesses. Thus, Creoate was born! According to the founders, the company was established to remove the pain ... Read more ›
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In the recent past, e-commerce has altered customer shopping behaviors and transformed the global retail landscape from brick and mortar to omnichannel. The UK is considered to have one of the world’s most developed internet grocery industries. Companies are springing up all over the UK, promising to deliver whatever you want in as little as ... Read more ›
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London’s second biggest ride-hailing operator, Bolt has raised €600 million in fresh funding as it aims to push into the rapidly-growing online grocery delivery industry. The new funding pushes its valuation to over €4 billion, more than double its last private valuation. Investors galore Venture capital firm Sequoia and new investors including fund managers Tekne ... Read more ›
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UK venture capital firm, Element Ventures, has announced a $130 million fund aimed at funding the founders and ideas that will be powering tomorrow’s financial technology. The fund was backed by more than thirty founders and executives from the financial sector, including Lord Spencer, the founder of the ICAP/NEX Group, who was the cornerstone investor. ... Read more ›
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Cazoo, the UK’s one of the leading online used car retailers and a unicorn has today reached the milestone has announced Q2 results today, reporting revenues up 600% YOY. Further, it has confirmed $7bn SPAC plans to list on the NYSE via a merger with Ajax, a special purpose acquisition company. £141 million, up 605% ... Read more ›
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In the latest development, Surrey-based fulfilment and national delivery business Diamond Logistics has secured £2.5 million in funding from BOOST&Co. The UK company is planning to use the funding to develop its one-stop’ logistics platform Despatchlab and accelerate the growth of its network. Kate Lester, chief executive and founder at Diamond Logistics say: “BOOST&Co is ... Read more ›
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Just last week, UKTN covered the £50m funding round of UK’s online florist Bloom & Wild and now another online subscription-based florist from London is in news for their latest investments. Freddie’s Flowers, the quite-famous flower subscription service that delivers bouquets anywhere in the UK, offering customers floral arrangements for £25 a pop has now ... Read more ›
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The UK’s financial watchdog, Financial Conduct Authority (FCA), is investigating British digital bank Monzo over potential breaches of anti-money laundering and financial crime rules. The challenger bank is one of the several banks to which the financial watchdog sent letters in May this year, warning of failings in anti-money laundering controls. Early-stage FCA investigation The ... Read more ›
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Connectd, a platform that brings together founders and potential investors to help maximise the chances of success without relying on connections, has announced the completion of a $1 million seed funding round. The investment was led by Nigel Wray, the owner of Saracens, who has previously invested in Nutmeg and Domino’s Pizza. He was joined ... Read more ›
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In today’s world where privacy is demanded by customers and mandated by regulators, encryption has become the norm now. But it also poses a big threat as it has become a major target for cybercriminals. In 2020, Cisco estimated that as much as 70% of all malware campaigns would use some type of encryption to ... Read more ›
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Telefónica Tech is a Spanish company that intends to bring about a digital transformation. The company offers a wide range of services and integrated Technological solutions in Cybersecurity, Cloud, IoT, Big Data and Blockchain. Acquisition of Cancom UK&I Now, Telefónica Tech appears to be focused on continuing its organic and inorganic growth plan, which enables ... Read more ›
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AIM-listed proptech essensys, the aims to integrate software and technology to the flexible workspace industry has recently announced to have raised £33.2 million in profits through a primary share placing. With the latest funds, the London-based proptech aims to continue its global expansion through an accelerated go-to-market strategy and product development, among other goals. “The industry ... Read more ›
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Cryptocurrencies are in the thick of hundreds of controversies, if not thousands! These high-yielding financial assets had a difficult journey right from the start. The primary reason is the lack of central authority (decentralised payment network), and hence governments globally are afraid of it. Most governments fear the usage of Bitcoin for illegal activities like ... Read more ›
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A consortium based in West Yorkshire and Greater Manchester has been granted £22.6 million from the £127 million Strength in Places Fund of the Government. Notably, this consortium is one of the five projects that will be backed by the research and development fund. Each of these projects have been selected based on the livelihood ... Read more ›
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Many people experience sleep challenges all over the world. Termed insomnia, the condition is estimated to have affected one in three people across the world. Besides medication, there are some offerings that focus on limiting sleep and help them sleep better. One such offering is an innovative, data-supported handheld device for people with insomnia called ... Read more ›
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Recently, Elon Musk’s Neuralink implanted a chip in a monkey’s brain enabling him to play video games using his mind. To reiterate, Neuralink is working on an ultra-high bandwidth brain-machine interface to connect humans and computers. Now recently, Neuralink has raised a Series C round from Google Ventures and others, while its competitor Synchron is making in-human ... Read more ›
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26.06.2026 00:10
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