Monzo has been reprimanded by the UK competition regulator in a pattern described as âespecially concerningâ. Colin Garland, director of markets at the Competition and Markets Authority (CMA) wrote to the challenger bank regarding multiple breaches of the Retail Banking Market Investigation Order 2017. According to the regulator, Monzo has breached four different sections of ... Read more âș
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Revolut has said it may refuse or delay certain payments in the latest sign of the London fintechâs crackdown on fraud. The Canary Wharf-based business has made changes to its terms of service, due to be implemented in the new year, which specify that suspected cases of scams and fraud are now sufficient conditions for ... Read more âș
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A London-based tech founder has blasted Starling Bank as ânot startup friendlyâ after claiming her companyâs account was closed due to a âworryingâ policy from the fintech. Flown founder and CEO Alicia Navarro said the bank cited the startup having shareholders that are companies as the reason for the closure, despite having used the account ... Read more âș
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Digitalising the operations of the planning system will become a key contributor to the governmentâs growth agenda, the boss of digital transformation firm TPX Impact has said. Björn Conway, who earlier this month signed a ÂŁ19m contract with the Ministry for Housing, Communities and Local Government, said improved service and efficiency were needed within the ... Read more âș
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A London-based startup looking to automate business development for recruiters has raised ÂŁ500,000 in pre-seed funding just six months after its launch. Vente AI said it will use the funds to integrate its product with existing recruitment tools for faster user onboarding. The company works with recruitment agencies that spend as much as 40% of ... Read more âș
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Carbon utilisation company Barton Blakeley has announced a ÂŁ2.4m funding round led by Elbow Beach Capital. The Harpenden-based company has developed a chemical process designed to convert CO2 emissions into clean energy and synthetic silica, promising to save over 1 kilo-tonne of carbon per year. The fresh funding will allow the company to deploy its ... Read more âș
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A university spinout seeking to transform the energy capacity of batteries has raised $4.6m (ÂŁ3.6m) in a fresh funding round. Cambridge-based Moylon, which was founded earlier this year, hopes to use sulphur, one of the most abundant elements on Earth, to develop lithium-sulphur batteries, which it claims have much higher energy density than traditional lithium-ion ... Read more âș
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A surge in the demand for data centres driven by the adoption of AI technology has made the âincreased power needsâ the âbiggest challengeâ faced by the industry, according to Glasgow-founded cloud solutions group Iomart.   Speaking to UKTN, Iomart CEO Lucy Dimes said that despite AI hype kicking off in 2022, the company, which provides ... Read more âș
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Monzo has brought on a former executive from Brazilian fintech Nubank as its new group CFO following the departure of James Davies. Tom Oldham, who most recently worked as the chief investment officer at the carbon credit fund manager Mombak, will oversee Monzoâs financial strategy as the company plans to expand overseas. âIâve been a ... Read more âș
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Londonâs transport board has vowed to take legal action against e-bike rental operators whose cycles get in the way of pedestrians and vehicles as it steps up efforts to combat obstructed pathways. Under updated guidance on dockless e-bike and e-scooter rental published today, Transport for London (TfL) has warned it will impound vehicles that get ... Read more âș
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A Lancaster-based manufacturer of tech products for the maritime industry has proposed delisting from the Aquis exchange amid concerns that it does more harm than good. OTAQ, which was listed on the London-based challenger stock exchange in 2018, warned that the share price volatility, limited flexibility and limited access to investors were harming the business. ... Read more âș
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This weekâs podcast guest is Suranga Chandratillake, general partner at Balderton Capital, who discusses why narratives about the UK underperforming in funding compared with the giants in the US might not be fair, why more unicorns shouldnât necessarily be considered the main goal for British businesses and why Labourâs budget isnât as damning for entrepreneurs ... Read more âș
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Cryptoassets are âhere to stayâ, the Economic Secretary to the Treasury Tulip Siddiq has said in a speech outlining the governmentâs approach to regulating the industry. Speaking at the Tokenisation Summit hosted by City and Financial Global, Siddiq assured the crowd that while regulatory developments in the UK for the crypto sector have âseemed quietâ, ... Read more âș
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On Saturday night, over 1,000 Revolut customers were gathering in a basement auditorium in central London for a special event. The Canary Wharf-based company was marking a significant milestone: in just a decade since it was founded, it had reached a mind-blowing 50 million customers. Eager not to pass up the chance for a blow-out ... Read more âș
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Monzo co-founder and former CEO Tom Blomfield has blasted competition regulators as âreligious zealotsâ amid proposals to force Google to sell its Chrome browser.   Last week, the US Department of Justice proposed a major breakup in Googleâs business structure that would see the tech giant forced to sell the worldâs most popular web browser to ... Read more âș
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This weekâs UK tech funding deals include travel analytics platform Lighthouse, e-waste recycling group DEScycle, X-ray innovator Silveray and more. UKTN tracked ÂŁ343.2m worth of UK tech investment this week (18 November to 22 November), a 162% week-on-week increase across eight funding rounds. Hereâs your weekly roundup of UK tech startup funding deals. Lighthouse â ... Read more âș
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The value of venture capital deals and valuations in the UK in the third quarter of the year is pacing above 2023âs full-year figures, though the number of rounds appears to have dropped, according to a new report. The European VC Valuations report from PitchBook found that the venture capital market has shown a promising ... Read more âș
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Revolutâs new network of vending machines could soon make their way to the UK after a successful European rollout. The machines, which offer free debit cards to prospective customers, have already been installed across a host of European airports including in Milan, Rome, Porto, Brussels and Helsinki. Revolut, which gained a provisional UK banking licence ... Read more âș
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The cryptoasset market has surged these past few weeks, fuelled no doubt by the electoral victory of the newly pro-crypto Donald Trump and the elevation of longtime blockchain advocate Elon Musk to presidential confidant. Muskâs preferred coin Doge, for which his unofficial cabinet role as head of the Department of Government Efficiency was named, jumped ... Read more âș
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In May 2024 UKTN released a regional tech report in partnership with KPMG putting a spotlight on the innovation, strengths and challenges faced by the Scottish tech industry. To explore the topic further, UKTN and KPMG brought together a group of experts in all things Scottish tech for a panel discussion on how the local ... Read more âș
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11.03.2026 02:22
Last update: 02:15 EDT.
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