London Collective Investment Vehicle (CIV) has become the first local government pension scheme pool to back a new initiative aimed at increasing funding for early-stage startups. London CIV, which manages the local government pensions for the 32 boroughs of London and the City, has agreed to work with the British Business Bank on the launch ... Read more ›
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London-listed customer feedback platform Trustpilot removed 4.5 million fake reviews last year after introducing generative AI into its platform. Fake reviews have long been a source of frustration from the company as businesses flood the platform with false feedback. Tackling the issue has been a top priority at the company and in 2024, doubling down ... Read more ›
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A leading AI research institute has criticised the government for pressing ahead with a mass facial recognition rollout without adequate regulation in place. The UK has been trialling facial recognition technology for law enforcement for several years, with almost 800,000 people having already had their faces scanned by the Metropolitan Police since 2020. This summer ... Read more ›
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OpenPayd, a global payments and banking platform, has launched its stablecoin infrastructure to enable businesses to move and manage digital assets through one platform. The platform connects local and international fiat rails to all major blockchains, enabling businesses to view, hold, make and receive payments across any digital currency and any rail globally. With this ... Read more ›
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UK payments technology provider Dojo has secured an investment of $190m (£141m) from Vitruvian Partners, a global growth investment firm. The funds enable Dojo to significantly accelerate the company’s growth in the UK and expansion across European markets. Since its launch in 2021, Dojo’s mission has been to reinvent the payments landscape to grow in-person ... Read more ›
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Authorised push payment (APP) fraud declined in 2024 following regulatory and industry interventions. Total fraud rates, however, remain largely unchanged as scammers look to other avenues according to new research. In the annual fraud report from UK Finance it was revealed that APP, a form of fraud in which someone is tricked into approving a ... Read more ›
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New research has revealed that more than 60% of UK IT tech leaders now feel that the government’s use of US cloud services exposes the country’s digital economy to significant risks, damages its domestic industry and threatens data security. The survey, compiled by cloud computing firm Civo, received responses from over 1,000 UK-based IT leaders ... Read more ›
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The value of UK health tech startups at the end of 2024 reached £32bn, according to new research. Startups in the sector pulled in a combined £27.4bn in funding, with the average amount raised per company being £9.6m, as revealed by research from Beauhurst and the Startup Coalition. The HealthTech Index from the Startup Coalition ... Read more ›
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Nottingham City Council has enrolled 40 staff into a new AI Academy in an effort to upskill its workforce with the expertise needed to deliver on an ambitious improvement plan for the city. The programmes are being funded primarily by an apprenticeship levy transfer from financial services provider Capital One, in partnership with car rental ... Read more ›
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Fabless chipmaker EnSilica has established a new engineering hub in Cambridge, expanding its design capabilities in promising semiconductor areas. The firm’s new Cambridge facility will allow the company to expand its existing mmWave and RF integrated circuit teams. The technology, used primarily in telecoms and data transfers, is a key area of growth for EnSilica, ... Read more ›
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Ad Signal, a York-based provider of software tools for media companies to manage their content, has raised £3m. Founded in 2018, Ad Signal has built a suite of products for broadcasters, advertisers and post-production houses to keep track of content. With the software platform, businesses can organise their media libraries, remove unnecessary duplicates and track ... Read more ›
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Ankar, a startup using AI agents to help inventors secure patents for new intellectual property, has secured a £3m seed investment. The company’s AI platform, trained on scientific and legal data, is designed to speed up the process of registering new technologies. With the platform, inventors can submit their proposal and the system can identify ... Read more ›
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Business Growth Fund (BGF), one of the UK’s largest growth capital investment groups, has committed £500m of funding to early-stage companies in life sciences and deep tech as part of its five-year, £3bn strategy. The group, which manages assets valued by Dealroom at $3.3bn, is among the most prominent backers of tech startups in Britain, ... Read more ›
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A coalition of fintech companies launched by Zopa and ClearScore in 2022 to collectively tackle the cost of living crisis has completed its pledge to drive improvements to financial resilience. The 2025 Fintech Pledge, featuring a coalition of 57 companies including Plum, Octopus Money and Salesforce, was created to address the period of rapidly rising ... Read more ›
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For many tech founders, equity has long been the default fuel for growth. But funding models evolve, just like the innovative businesses they support. Today, more founders are exploring non-dilutive alternatives for growth. Debt, once seen as too rigid or too risky for high-growth tech, is being reimagined. Most tech businesses do not follow traditional ... Read more ›
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Jersey Telecom’s multi-million pound investment in a next-gen mobile network, powered by Ericsson, has entered its final phase as the first sites go live with a new 5G network. Following months of trials and optimisation testing, Jersey Telecom successfully migrated the old network on sites within Area One in St Ouen and transitioned to the ... Read more ›
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The deadline for US semiconductor group Qualcomm to make a firm acquisition offer for London-listed Alphawave has been extended for the third time as talks continue. Alphawave announced on Tuesday that the previously agreed deadline for Qualcomm to formally either submit an offer or withdraw from the deal had been extended to 2 June. This ... Read more ›
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The British AI sector will work more closely with Europe as part of a new collaborative scheme to give research teams in the UK access to international compute power. The Department for Science, Innovation and Technology (DSIT) has invited organisations to apply to host the AI Factory Antenna, a facility that would link researchers to ... Read more ›
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This week’s podcast guest is Virraj Jatania, co-founder and chief executive of Pockit, who discusses how the culture of financial services has changed since the 2008 crisis, why mergers and acquisitions have become an attractive option for fintechs and the trouble with push payment fraud regulations. Pockit is a London-based fintech that acts as a ... Read more ›
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A newly-launched platform aimed at simplifying global digital health services has announced the first appointee onto its advisory board. Dominic James, the former global head of digital health innovation at US headquartered pharmaceutical multi-national Merck, is to take up the role with new healthtech platform, Daiser. Launched in 2024, Daiser is an AI-native, modular digital ... Read more ›
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14.05.2026 08:06
Last update: 08:01 EDT.
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