London fintech KAF Technology could be in court later this month after being sent a winding-up petition by payments firm Thredd. The Southgate-based business, which has 17 staff according to LinkedIn data, was sent the petition on 27 March. A court hearing at the Business & Property Courts on Fetter Lane, London, is scheduled for ... Read more ›
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Chip designer Arm recently sought to acquire London-listed semiconductor IP supplier Alphawave, according to reports. Cambridge-based Arm, part-owned by Japanese conglomerate SoftBank, entered initial discussions with Alphawave in efforts to secure technology required to build AI processors, first reported by Reuters. Arm has not decided to progress with an acquisition according to sources close to ... Read more ›
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Zepz has secured a new $165m debt finance package as the firm’s audited accounts head towards being eight months overdue. The global payments group behind WorldRemit and Sendwave (International Remittance), has secured a $110m revolving credit facility led by HSBC Innovation Banking UK. This forms part of a larger $165m growth financing package announced by ... Read more ›
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Pinewood Technologies has upgraded its guidance after reporting revenue growth in its first year as a pure-play software group. Formerly Pendragon, the London-listed automotive retail software provider upped its guidance for underlying EBITDA for 2027 in its latest accounts from £30m to “mid to high £30 millions”, having previously raised expectations from £27m in its ... Read more ›
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JP Jenkins said it has seen an ‘incredible month’ as tech firms rushed to join the private securities marketplace. The London-based business, the UK’s largest venue for trading unlisted equities, said it had seen a record 10 firms join its marketplace in March, taking the total to 49. The firms are worth a combined £1.84bn. ... Read more ›
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IT service providers and data centres will be forced to bolster their cybersecurity systems under new government plans to shore up digital infrastructure against rising threats. The Cyber Security Resilience Bill will require businesses providing digital services to government departments and the wider economy to meet stricter security measures amid widespread cyber-attacks. Figures from the ... Read more ›
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Every year, 10,000 aspiring entrepreneurs apply to the Antler founder residency in London. Each application is reviewed, screened and interviewed by the team. As a Partner, I then conduct a final interview to make the ultimate decision about whether they will join the next residency. We are ramping up to start our next residency in ... Read more ›
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This week’s podcast guest is Chris Anderson, head of TED, discusses why the collapse of the ideals of the tech industry over the last 15 years, embodied by the behaviour Elon Musk, represents a crushing disappointment. Anderson took over TED – which hosts viral talks at its conferences – from its founder Richard Saul Wurman in ... Read more ›
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Shares in Cirata made a slight recovery today after the cloud analytics firm said it had ‘moved from rescue to recovery’. The Sheffield-based business posted a rise in revenues, a narrowing of losses and a forecast of further growth for the year ahead. The stock rose as much as 9%, but remains down 70% over ... Read more ›
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Isomorphic Labs, a spinout of Google DeepMind developing AI drug discovery technology, has raised $600m (£464.6m) in its first external funding round since its formation in 2021. The company is the latest venture from Sir Demis Hassabis, the Nobel Prize-winning co-founder and CEO of DeepMind and UK government AI advisor. Hassabis launched Isomorphic from within ... Read more ›
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Featurespace CEO Martina King will exit the fraud prevention firm following its acquisition by Visa. King, who ran the Cambridge-based company for over a decade since 2012, will step down as it begins operations as a Visa product. Jason Blackhurst, a senior vice president for innovation and strategic partnerships at Visa will be tasked with ... Read more ›
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A Labour MP has launched a ‘Y Combinator for Wales’ in a bid to support budding tech talent in the country. MP for the Vale of Glamorgan, Kanishka Narayan, has unveiled the Vale Startup Accelerator – a first-of-its-kind programme to support early-stage businesses and unlock the region’s entrepreneurial potential. Backed by local and national partners, ... Read more ›
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Hampshire-based low carbon heating tech startup Caldera has secured a £10m investment from major German industrial group GEA. GEA, which is mostly active in the food and beverages sector, plans to use the company’s green heating solutions for its customers. Caldera has developed a boiler that stores renewable electricity sourced from on-site solar panels and ... Read more ›
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Much of the immediate reaction to the Spring Statement has focused on cuts to public spending, and rightly so. In truth, however, I have some sympathy for the position the government is in. When Labour came to power last summer, it was no secret where their priorities lay – growth. And yet, with a chaotic ... Read more ›
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Revolut has warned that Brits are the most vulnerable to WhatsApp scams in Europe, as the neobank intensifies its demands liability to repay fraud to be handed to social media platforms. New research from the fintech has claimed that UK WhatsApp users lost on average £2,437 to scams last year, the most in the continent. ... Read more ›
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A friend of mine once worked for consulting firm that won a government contract. For the next nine months he was deployed with a Whitehall department to support digital transformation projects. The work started off well, but after a while, he and colleagues ran out of things to do, and began to be ignored. For ... Read more ›
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Arguably the most impactful innovation of the modern era of open banking-powered finance is the introduction of competition for cross-border payments. Where once sending money internationally was time consuming, inefficient and expensive, now consumers and businesses have a host of options for fast and cheap cross-border transfers. Here are Britain’s biggest cross-border payments companies. (Note: ... Read more ›
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This week’s UK tech funding deals include AI 3D content generation startup Rival, hospitality CRM platform developer Embargo and more. UKTN tracked £6.05m worth of UK tech investment this week (24 March to 28 March), an 90% week-on-week decrease across three funding rounds. Here’s your weekly roundup of UK tech startup funding deals. Rival – ... Read more ›
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Public sector data scientists will be trained to use AI tools as part of a government scheme to plug the skills gap holding back its Plan for Change ambitions. The 12-week AI accelerator will teach machine learning engineering skills to help civil servants use automation to tackle public sector problems. The programme will be open ... Read more ›
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Improving gender equality in tech could deliver a material boost to investor returns, research has found, amid a government-backed campaign to support more female founders. Figures compiled by Beauhurst suggest woman-led businesses deliver 35% higher returns than male businesses, despite receiving just 2% of venture capital funding. The figures were part of a female entrepreneurship ... Read more ›
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Jess Woodward-Jones is the co-founder of Vizzy, a recruitment platform that works with hiring businesses to look beyond CVs. In this week’s Founder in Five Q&A, Woodward-Jones discusses why building a successful business will always be hard no matter how good the idea is, the transformational power of effective note keeping and the problems with AI ... Read more ›
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Revolut’s valuation has been upgraded by one of its best-known shareholders, implying a rise to $48bn. The upgrade by Schroders Capital Global Innovation Trust plc, an investment trust managed by Schroders, is an 85% jump compared to the valuation it gave the London fintech a year ago. The trust controls a small stake in the ... Read more ›
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Cypriot tech experts living in London are to get a visit from their President wanting to lure them home to take up jobs in the booming STEM sector. The strategy – dubbed the ‘Brain Gain’ – is backed up with lucrative incentives including tax breaks, free health care and housing subsidies. It comes as a ... Read more ›
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Commercial viability can be the biggest enemy of emerging technologies. It takes years for novel, capex-intensive innovations to build a big enough market to survive in. Historically, therefore, many entrepreneurs have found that there are few better customers of innovation than the military. Take semiconductors. Microchips are ubiquitous now in countless consumer and business-facing ... Read more ›
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Senior officials at the UK government’s tech department met with Google and Anthropic to explore the use of AI in public services as chancellor Rachel Reeves turns to automation to make the state more efficient. Officials at the Department for Science, Innovation and Technology (DSIT) met with Anthropic in mid-December to discuss “Anthropic’s work on ... Read more ›
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Revolut is to ramp up its crypto marketing effort with a number of new hires across Europe. The London fintech is hiring product marketing managers for crypto in the UK, Poland, Spain and Portugal, responsible for creating and owning a new marketing strategy for cryptocurrency. Successful candidates will be tasked with helping bring more products ... Read more ›
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The government’s plan to rapidly integrate AI into public services is “for the birds” because of “out of date” technology and “poor quality” of data, a damning parliamentary report has found. Labour’s Plan for Change strategy hinges heavily on the idea that the public sector can provide better services cost-effectively by outsourcing work to automation. ... Read more ›
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The parent company of OnlyFans has been handed a £1.05m fine for failing to accurately respond to requests for information about its age assurance measures. Fenix International, which owns the platform known for hosting explicit content, was approached by Ofcom on two occasions in 2022 and 2023 with requests for information on how it was ... Read more ›
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Most popular sources
Wired
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34% 1 |
Business Insider
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26% 3 |
Gizmodo
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8% 9 |
Vox
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6% 3 |
The Verge
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5% 4 |
| View sources » | |
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02.04.2025 00:54
Last update: 00:46 EDT.
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