UK fintech customers, particularly of Revolut, were the most affected by a Georgia-based scam that cost consumers thousands, a recent investigation has revealed. At least 1,000 people have lost money to a scam using phoney call centres and AI-powered deepfake marketing, according to findings published in the Guardian. Of the top 10 financial institutions from ... Read more ›
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Trimtech Therapeutics, a university spinout biotech, has raised £25m in seed round co-led by Cambridge Innovation Capital. The investment will support the Cambridge startup’s development of treatments for neurogenerative diseases like dementia, based on targeted protein degradation. The seed round marks the latest spinout backed by Cambridge Innovation Capital since the launch of its £100m ... Read more ›
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Challenger bank OakNorth’s push into the US market has driven a profit surge revealed in its latest annual report. The Soho-headquartered digital banking provider posted a 16% boost in post-tax profit from the year before, reaching £157.8m at the end of December 2024. This represents the eighth successive increase since OakNorth hit its first full ... Read more ›
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London fintech Wise has opened a new office in London as the fintech marks the next chapter in its global expansion. After more than eight years at the Tea Building on Shoreditch High Street, the money transfer business is moving into new global headquarters at Worship Square – a new nine-story building on Clifton Street ... Read more ›
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One of the UK’s biggest small business lenders said it had seen “heightened demand” for loans as it reported a rise in sales. London-listed Funding Circle saw a 33% increase in loans originations during 2024 to top £1.4bn. The company said it had also saw “rapid adoption” of its shorter-term lending product, FlexiPay, with transactions ... Read more ›
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Monday morning, and your new colleague is clocking in. They’re keen, obedient, incredibly fast – and they don’t need a lunch break. It’s 2025 and AI tools have transformed the workplace. According to McKinsey’s latest Global Survey, 72% of organisations have adopted AI in at least one business function and 65% are using generative AI ... Read more ›
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A tech platform designed to support workplace safety practices has raised £1.5m in a fresh funding round. Newcastle-based Notify, whose clients include McDonalds, Siemens and the NHS, said it will use the funding to further enhance its platform with the addition of new AI-powered features and to step up its sales and marketing activities. The ... Read more ›
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Plans have been approved for a new £10bn data centre in Northumberland as the UK ramps up is compute infrastructure. Northumberland County Council approved the plans on Tuesday for the 540,000 sq metre site, which was submitted by QTS, a data centre company owned by investment group Blackstone. The centre, which will be built in ... Read more ›
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Shares in Eurovestech, a London-based venture capital firm that delisted from AIM in 2012, have been admitted for trading on the unlisted investment platform JP Jenkins. Eurovestech specialises in early-stage software investments in the UK and Europe. Its previous investments include scheduling solutions platform Magenta and vehicle planning SaaS business MaxOptra. The firm floated on AIM ... Read more ›
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CAB Payments has brought in a turnaround expert as its new CFO in the firm’s latest boardroom reshuffle. 48-year-old James Hopkinson, who brings decades of experience in business transformation, joins from Metro Bank, where he helped to execute a turnaround plan for the struggling high street firm. The University of Bristol graduate previously worked at ... Read more ›
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Netcall is looking to accelerate growth in its cloud offering as the AIM–listed tech firm reported a rise in customer demand. The Bedford-based business posted a 25% increase in turnover for the latter six months of 2024 to £23m, as higher subscription rates led to stronger recurring revenues. The firm said there was a ... Read more ›
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Quantexa has seen its valuation jump to $2.6bn (£2bn) after the London AI firm completed its latest funding round. The Series F round, which was led by Teachers’ Venture Growth alongside BNY, AlbionVC, and HSBC among others, raised $175m to grow the business. Quantexa said it would use the cash to deepen its presence in ... Read more ›
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The founder of Snyk has stepped down from the company’s board almost a decade after the cybersecurity firm first launched. Guy Podjarny, who set up the business in July 2015 and became its first CEO, transitioned to the role of company president in 2019 before taking a less active role on the firm’s board in ... Read more ›
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The UK is world famous for its wet, windy weather. Flanked by the Atlantic Ocean and the blustery North Sea, with its long coastline and small landmass, fast-moving jet streams and low-pressure systems can quickly engulf much of the country. And while this does often mean that in the winter you’re far more likely to ... Read more ›
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Mini has seen a surge in sales of electric vehicles, propelling the carmaker to become the eight most popular EV brand so far this year, fresh data has shown. The firm registered 2,484 new EVs in the first two months of 2025, a sixfold increase compared to the previous year, according to figures from New ... Read more ›
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PassEntry, a startup that issues Apple and Google Wallet digital passes for brands, has secured a £5.2m investment. The company said it expected the new investment to help scale its customer base by 300%, with plans to expand into five additional international markets, notably in North America and Asia Pacific. Founded in 2019, the Fulham-based ... Read more ›
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The University of Oxford has been named in a new $50m partnership between OpenAI and 15 top universities to roll out AI tools and accelerate research breakthroughs. Under a five-year programme, students and faculty staff will gain access to research grant funding, enterprise-level security and AI tools to enhance teaching, learning and research. The initiative ... Read more ›
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Revolut’s rumoured $60 billion valuation in a potential secondary share sale reveals both the extraordinary scale the UK venture capital industry has achieved and the profound liquidity challenge facing investors. While the fintech giant represents a British success story of global proportions, the speculation around this secondary offering exposes a fundamental tension in the ecosystem: ... Read more ›
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IT firm Cloudsmith has closed one of Northern Irelands’s biggest-ever venture capital rounds, securing $23m (£18m) for its Series B. The Belfast-based software supply chain company secured the funding from California’s TCV, which led the round that also saw backing from Insight Partners and existing investors. The new investment represents the fourth-largest funding round for ... Read more ›
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The UK Technology Secretary Peter Kyle has called for support from central government for domestic chip production to ensure Britain’s “resilience and security”. Speaking to UKTN, Kyle, who was visiting the semiconductor manufacturing hub of Newport, Wales, said the technology is “underpinning the growth of the economy” and the “transition of the government towards a ... Read more ›
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10.03.2026 15:16
Last update: 15:10 EDT.
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