This week’s UK tech funding deals include AI engineering platform PhysicsX, tax software platform Record OS and more. UKTN tracked £266.48m worth of UK tech investment this week (08 June to 12 June), a 44% week-on-week decrease across six funding rounds. Here’s your weekly roundup of UK tech startup funding deals. PhysicsX – £225m Sector: ... Read more ›
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Tim Stokely, founder of content creation platform OnlyFans, is launching a new competitor. Subs.com will focus on online content accessible via subscription payments, in a similar vein to his former company, though with a greater focus on diverse content types as opposed to the adult content which dominates OnlyFans. “There is a clear demand for ... Read more ›
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Human vulnerability is the most exploited element of IT security systems, with social engineering behind most data breaches. Recent high-profile cyber-attacks against the likes of M&S, Co-op and Harrods have highlighted flaws in current digital safety methods, however, human manipulation can be a much greater risk than harmful malware. In the case of attacks like ... Read more ›
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AI developer Dr Stephen Thaler is ramping up his appeal against a decision made by the UK Intellectual Property Office (UKIPO) with the appointment of law firm Potter Clarkson. The appeal, set to be heard at the High Court in July, will examine the ruling made by UKIPO in December 2023 to reject patent applications ... Read more ›
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Fintech group Shieldpay has promoted COO Sophie Condie to chief executive alongside the appointment of former Lloyds exec Amanda Howkins as chief revenue officer. Condie will take the helm of the firm as it looks to grow its secure digital payments platform. The new CEO first joined Shieldpay in 2021 as director of operations before ... Read more ›
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British companies have lost as much as £64bn to cyber-attacks in the past three years, fresh analysis has revealed. In recent weeks prominent attacks against the IT systems of major retailers M&S, Co-op and Harrods have highlighted how dangerous hackers can be, but they are by no means isolated incidents. In the last three years, ... Read more ›
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The explosion of generative AI has been one of the big tech stories of the last decade. But the growth of AI is not happening equally. There are some groups more likely to use it than others, with potential unintended consequences. Ipsos iris is the only industry backed online audience measurement platform in the UK, which ... Read more ›
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Digital bank OakNorth is expanding its use of artificial intelligence in collaboration with ChatGPT developer OpenAI. The London-headquartered fintech will embed generative AI provided by the Californian group into its technology in support of the existing machine learning tools developed by OakNorth’s sister entity ONCI. “At OakNorth, we have used machine learning from day one ... Read more ›
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Nia, an AI startup founded by 18-year-old entrepreneur Arlan Rakhmetzhanov, has closed an $850,000 (£637,000) pre-seed round. Rakhmetzhanov taught himself coding at school in his home country of Kazakhstan, releasing small-scale software products, all the while becoming frustrated at the limits of AI tools used in programming. Popular LLM bots like ChatGPT are often used ... Read more ›
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London-based fintech group Wagestream has secured a £300m debt facility, bolstering its coffers as it pushes ahead with an expansion into loans. Founded in 2018, Wagestream is primarily known for its service allowing staff at participating businesses to access earned wages ahead of payday. The fintech has been building out its product offering, which now ... Read more ›
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The UK mid-market private equity investor Palatine has acquired a majority stake in Atombit Group, a fast-growth pan-European leader in experience intelligence. Alongside the investment, London-based Atombit has made three strategic acquisitions to accelerate its growth. These include UK-based J2 Reliance and Profusion and Bulgaria-based company DWise. The enlarged group now comprises 150 consultants and ... Read more ›
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London-based fintech and FTSE 250 consultancy firm Alpha has rejected a takeover offer from US payments giant Corpay that would have seen it delist from the UK public markets. Following media speculation, Atlanta-based Corpay confirmed last week that it had approached Alpha with a possible cash offer for its entire issued share capital. The ... Read more ›
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Chancellor Rachel Reeves last week unveiled draft legislation for a landmark bill that will define the regulatory landscape for cryptoassets in the UK. The upcoming crypto bill has been long requested by the industry as businesses seek clarity for approved practices and regulators seek better ways to protect consumers from high-risk investments and scams. The ... Read more ›
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The UK government will encourage more diversity in AI with an £8.2m investment to support girls entering the sector. Delivered by the Department for Education as part of Labour’s ‘Plan for Change’ strategy, the funding aims to encourage 7,500 girls across hundreds of disadvantaged secondary schools to pursue advanced maths and science to be ready ... Read more ›
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StackOne, a SaaS platform that integrates AI agents into enterprise systems, has secured $20m (£15m) in a Series A round led by Google Ventures. Founded to meet the demand from businesses to smoothly incorporate AI agents across various departments, StackOne’s system automatically builds use-cases and connects AI and SaaS tools to user tech stacks. The ... Read more ›
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Terms for the expected takeover of London-listed Deliveroo by US group DoorDash have been agreed, with the online food delivery company being valued at £2.4bn. The boards of the two companies confirmed that the financial details of the proposed acquisition have been agreed and are now final. Founded in 2012, Deliveroo has become one of ... Read more ›
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This week’s podcast guest is Steve Peralta, co-founder of Unmind, who discusses the problem with the majority of corporate mental health programmes, why the world of work so often leads to deteriorating mental health, and how psychology-backed tech platforms can help. Unmind is workplace wellbeing platform that partners with brands to offer employee mental health ... Read more ›
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Some of the most common types of cryptoassets are often referred to as “cryptocurrencies” because, in a nutshell, they can be used to buy things. However, in many settings, they do not meet the definition of money, especially for tax or financial reporting purposes. In fact, in the UK, at present, they are never considered ... Read more ›
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Labour needs to “get serious” about maintaining UK fintech growth if it wants to succeed, according to a new report. Fintech has been one of the great success stories of UK tech, having produced more unicorns than any other sector, including Britain’s most valuable private company, Revolut. However, the Labour government has yet to effectively ... Read more ›
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The wind down of the pay-day loan legacy business of Amigo Holdings is “almost complete”, marking the end of a chapter in fintech few are proud of. Announced in a trading update, Amigo Holdings – formerly known as Amigo Loans – said after paying out £194m in cash redress and refunds to creditors, the process ... Read more ›
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This week’s UK tech funding deals include international payments firm Navro, AI-powered defence startup Arondite and more. UKTN tracked £53.3m worth of UK tech investment this week (28 April to 2 May), an 83% week-on-week increase across eight funding rounds. Here’s your weekly roundup of UK tech startup funding deals. Navro – £30.7m Sector: Fintech HQ: London ... Read more ›
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15.06.2026 01:05
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