One in five consumers and businesses now use open banking services, up from one in 17 in 2021, according to a new report. Fresh figures from Open Banking Limited, the entity tasked by the government with the implementation of open banking technology, have revealed there are around 13.3 million active open banking users in the ... Read more ›
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A new £60m lab and innovation hub is set to open next year in Manchester Science Park. Greenheys, a joint venture between tech-focused property developer Bruntwood SciTech, Legal and General and Greater Manchester Pension Fund, will provide lab space to local businesses and researchers at a site neighbouring the University of Manchester. Construction of the ... Read more ›
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The potential for AI to supercharge cybersecurity risks has gone beyond speculation. GCHQ’s National Cyber Security Centre (NCSC) has warned that as AI-enabled cyber threats becomes a greater and greater risk, a “digital divide” will form between organisations able to keep pace with the technology and those unable to adapt their systems and strategies to ... Read more ›
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AI workforce optimisation platform ProFinda has secured a £3m facility from Palatine’s Growth Credit Fund. The investment, which will form part of a larger equity growth round, will support the company’s market growth in the professional services sector. Founded in 2011, ProFinda’s platform is used to resource and staff projects by optimising relevant skills and ... Read more ›
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The UK’s £10bn science and technology investment ecosystem stands at an inflection point. Companies that a decade ago were yet to make their first sale have grown into fully commercial businesses with thousands of employees and customers around the world. Venture capital, much of it provided by specialist funds with deep levels of expertise, has ... Read more ›
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The UK competition regulator has expressed “concerns” over an “underlying weakness” at fintech unicorn Starling Bank. The Competition and Markets Authority (CMA) issued directions to the bank on how to address multiple breaches it made of competition regulation regarding customer satisfaction reporting. UK banks are required to provide customer details to an externally appointed market ... Read more ›
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Manchester-based investment group Northern Gritstone will target spinout companies from the University of Liverpool as part of a new partnership. The Pragmatic Semiconductor backer has been granted preferred investor status by the university, which will see it prioritise investments in startups from it as well as provide “venture building services” to staff and students. As ... Read more ›
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Pension schemes and providers have jointly formed the Mansion House Accord initiative, pledging to ramp up investment into private British businesses. The agreement, stemming from former chancellor Jeremy Hunt’s Mansion House reforms, will see the Pensions and Lifetime Savings Association, the Association of British Insurers and the City of London Corporation jointly scale up the ... Read more ›
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Asset trading platform iForex is “considering” an initial public offering (IPO) that would see the fintech group admit shares on the London Stock Exchange. The company, which facilitates the trading of multi-asset contracts for difference this week published a registration document – a key step ahead of a public float that gives potential investors comprehensive ... Read more ›
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Charity Full Fact has declared a state of “crisis” for digital misinformation in the UK as the group urges swift action to tackle online harms. In its latest annual report, Full Fact – the independent fact checking organisation – blasted the lack of progress in tackling digital information, despite the introduction of the Online Safety ... Read more ›
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This week’s podcast guest is Sharon Vosmek, chief executive and managing partner of Astia, who discusses why backing female founders isn’t just morally right, but also financial prudent, why not all definitions of women-led startups are equal and the danger of ‘fomo’ in investing. Astia is an inclusive venture capital group that seeks to address ... Read more ›
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Shares in the London-listed semiconductor technology group Alphawave jumped as much as 8% on Monday as it holds discussions over a potential buyout from US giant Qualcomm. Alphawave announced on Monday that it had agreed to an extension of the deadline for Qualcomm to provide a firm offer, with the talks first proposed in April. ... Read more ›
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According to KPMG’s latest Venture Pulse report, UK firms secured $5.5bn (£4.1bn) in venture capital investment in Q1 2025 alone – more than Germany and France combined. This achievement coincides with the EU’s landmark €1.3bn (£1.1bn) commitment to accelerate AI adoption and digital infrastructure. For capital markets firms operating across the UK and Europe, the ... Read more ›
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London-listed investment fund Augmentum Fintech has led a £4.5m funding round for the Peel Hunt-backed startup RetailBook. Founded in 2022, RetailBook gives individual investors greater access to primary capital markets through its platform for participation. Users can access investment opportunities such as IPOs, follow-on placings and bond offerings with the same terms as institutional investors. ... Read more ›
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Members of Equity, the UK performing arts and entertainment union, are calling for other trade unions to join its campaign to protect the rights of creatives from AI-based misuse. The organisation unanimously passed a motion at their annual conference in Derry to request collective action from the British trade union movement to demand fair remuneration, ... Read more ›
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Salesforce-based CRM SaaS provider Ascendx Cloud has raised $110m (£82.7m) in a joint equity and debt round. Founded in 2023, the company specialises in incorporating AI into customer relationship management tools. AI features are expected to become the industry standard in CRM, with research group Gartner projecting three-quarters of CRM solutions to have incorporated the ... Read more ›
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The UK tech and investment industry has applauded the recently announced trade deal made between Britain and the US as a “win for startups” and a positive sign of growth. Last week, Prime Minister Keir Starmer and President Donald Trump announced a highly anticipated trade agreement that reduced previously instated tariffs on a number of ... Read more ›
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This week’s UK tech funding deals include alternative investment platform Juice, AI agent integration platform StackOne and more. UKTN tracked £59m worth of UK tech investment this week (5 May to 9 May), a 10% week-on-week increase across seven funding rounds. Here’s your weekly roundup of UK tech startup funding deals. Juice – £24.9m Sector: Investment ... Read more ›
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Venture capital investments in the UK surged in 2024 according to a new report from the British Private Equity and Venture Capital Association (BVCA). The total amount invested in UK businesses by venture capital funds, co-investors and financial institutions in 2024 was £9bn, a 12.5% rise according to the BVCA. Though 2024 saw significant macroeconomic ... Read more ›
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Cecily Motley is the co-founder and chief executive of Harriet, an AI-powered self-service agent for HR and ops teams. Launched in 2023, Harriet raised £1.2m in a funding round in December that year. In this week’s Founder in Five Q&A, Motley discusses operating in uncertainty, the success of Shopify and the failure of NFTs. Which company’s ... Read more ›
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14.05.2026 10:25
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