Korra Ventures, a London-based investment group targeting “underrepresented founders”, has launched with the aim of deploying £50m over the next decade. The group launched based on the theory that the next crop of £100m+ businesses will be built by entrepreneurs outside of the mainstream, tackling sustainable development goals. Korra Ventures will therefore centre its focus ... Read more ›
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Skaala Investments OÜ, a major shareholder of Wise owned and run by company co-founder Taavet Hinrikus is “deeply troubled” over the terms of an upcoming vote that will confirm the fintech’s plans to establish a dual listing in New York. Hinrikus, who served as chief executive of the company from its launch until 2017, later ... Read more ›
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Sunsave, a London-based energy startup offering a solar subscription service, has bolstered its coffers with a £113m round, split between an equity investment and debt facility. Founded in 2022, Sunsave aims to become an “all-in-one home energy platform” that would include software, hardware and financing. The company was formed to address the market of UK ... Read more ›
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The UK government has been urged to overhaul the startup accelerator industry by establishing clear standards and classifications for support schemes. In a new report from The Entrepreneurs Network, the group called for the requirement for programmes such as accelerators and incubators to have minimum standards and defined features, enforced by an accreditation scheme. Britain ... Read more ›
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This week’s UK tech funding deals include digital health platform Numan, AI hotel concierge developer Inntelo and more. UKTN tracked £77.5m worth of UK tech investment this week (14 July to 18 July), a 142% week-on-week increase across seven funding rounds. Here’s your weekly roundup of UK tech startup funding deals. Numan – £45m Sector: Health ... Read more ›
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London’s High Court of Justice will next week hear the legal challenge of the Wikimedia Foundation, the organisation that operates Wikipedia, against the UK government’s Online Safety Act. The case will take place on 22 and 23 July, following Wikimedia’s announcement that it was taking legal action against the government in May. The non-profit is ... Read more ›
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Juha Berghäll is the co-founder and chief executive of ONEiO, a cloud-based integration operations platform that helps IT and technology service providers connect their systems and applications. In this week’s Founder in Five Q&A, Berghäll discusses the value of learning and growing through observation and the problems that come from underestimating the scale of a challenge. ... Read more ›
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UK fintech Paddle has secured $25m (£18.6m) of funding from CIBC Innovation Banking to fuel its international expansion plans. The Merchant of Record services provider is preparing for a period of significant growth with a handful of executive hires made and upcoming plans to open an office in Austin, Texas. The new funding comes three ... Read more ›
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Stark, a prominent Berlin-based defence tech startup, has announced it will open a major drone manufacturing facility in South West England. The new 40,000 sq ft factory, set to open in Swindon, Wiltshire, is expected to create over 100 high-skilled jobs in the area. It will mark the German startup’s first internationally based facility. “The ... Read more ›
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Consumers using buy now pay later (BNPL) services will benefit from key protection measures already in place for other types of lending under new proposals from the UK financial regulator. The proposals from the Financial Conduct Authority (FCA) include requiring BNPL providers to perform affordability checks before granting loans and to offer support to consumers ... Read more ›
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The UK’s most powerful supercomputer, Bristol-based Isambard-AI, is now fully operational and launched. Isambard-AI, run by the University of Bristol, will give researchers in the UK access to much greater levels of computing power, a significant requirement for training complex generative AI models. With the new machine, applications ranging from more accurate cancer diagnostic research ... Read more ›
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The UK and German have agreed to partner on a number of tech projects ranging from quantum computing to clean energy as part of Chancellor Friedrich Merz’s first official visit to London since taking office. As part of the agreement, a project has been launched to accelerate the development of clean energy battery technology, backed ... Read more ›
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Two individuals have been arrested on suspicion of running illegal crypto ATMs and money laundering in joint operation by the Financial Conduct Authority (FCA) and Metropolitan Police. During the operation, four premises across southwest London were searched, during which seven illegal crypto ATMs were found and seized. “If you’re operating a crypto ATM or exchange ... Read more ›
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Global racing championship group SailGP has opened the doors to a new $10m (£7.5m) innovation facility in Southampton. SailGP Technologies will serve as a hub for design and engineering for the group, brining in 100 high-skilled workers in the state-of-the-art facility. The London-headquartered sailing league chose Southampton for the new home of its engineering and ... Read more ›
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Funding for UK fintechs in the first half of 2025 surged by 48% compared with the previous six months, according to new figures. A total of $2.4bn (£1.8bn) was raised by the UK fintech ecosystem over the period, an impressive leap from the end of 2024, though a notable decline of 26% from the $3.3bn ... Read more ›
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The British Business Bank has committed an additional £15m of investment for UK SMEs to a separately managed account (SMA) run by Prefequity. The new co-investment vehicle will allow private credit firm Prefequity to make larger investments in established, profitable businesses. It will target companies without existing backing from private equity groups that are looking ... Read more ›
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London-based fintech Yetipay has secured £3.5m in new funding as it looks to expand its all-in-one payments offering. Founded in 2018, Yetipay provides payment processing services and point-of-sale terminals to firms, with clients including Brewdog, Pho and Soho-based restaurant Grasso. The new funding includes £1.75m from Berlin-based fintech group re:cap, making it the first company ... Read more ›
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Audit, tax and consulting firm RSM UK will transition to an “AI-centric model” through a new partnership as professional services groups increasingly turn to the technology. The group aims to become the UK’s leading example of an AI-powered consultancy through a tie-up with IntellixCore, a London-based agentic AI company. RSM UK will also launch a ... Read more ›
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The UK has set ambitious targets to increase the capacity of its energy grid to meet the intense demands of its similarly ambitious AI growth agenda. The AI Energy Council, a joint initiative from the Technology and Energy Departments, recently suggested a goal of the energy grid being able to handle a twenty-fold increase in ... Read more ›
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Representatives from the AI and creative sectors will convene into working groups to seek solutions to the ongoing issue of copyright protections for training data. For as long as publicly available AI models have been able to generate writing, images and video based on the data of millions of existing pieces of work, there has ... Read more ›
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08.03.2026 03:23
Last update: 03:15 EDT.
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