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General Interest

Acquired company’s chief executive becomes new chief AI officer

Embedded payments platform Modulr has raised £83m in a Series C funding round led by General Atlantic. Modulr is an embedded payments platform for digital businesses that lets businesses control, automate and embed payments. Its customers include Revolut, Wagestream, Sage and BrightPay. The London-headquartered company processes an annualised transaction value in excess of £100bn. The […]

Legl, a startup providing software as a service for law firms has closed an $18m (£14.5m) Series B funding round led by existing investor Octopus Ventures. Founded in 2019, Legl works with law firms looking to digitize the workflow processes and automate certain areas including client onboarding, payments and compliance. The new funds will go […]

Manchester-based venture capital firm Praetura Ventures has closed its latest investment round, bringing the total raised by its enterprise investment scheme (EIS) fund to £100m since its launch back in 2019. Now the VC wants to invest approximately £15m in 10-15 tech and life science companies within the next six months. The funds will mostly […]

Mastercard’s biometric payment method that allows shoppers to pay with a smile could be coming to the UK soon, according to a company spokesperson. The credit card giant believes the next step in cashless payments will remove the need for contactless cards and mobile phone payments. “The next generation of in-person payments will only need […]

AI tech firm Kaizan has raised $1.2m in a pre-seed funding round led by Jigsaw to further the development of its client intelligence platform. Self-described as the “Siri for client success teams”, Kaizan’s AI platform provides tools to client support teams who are increasingly interacting with clients exclusively digitally. Kaizan claims that by using its […]

Swedish B2B buy now pay later (BNPL) company Treyd has raised $10.5m (£8.4m) in a Series A funding round led by Nineyards Equity to expand into the UK. The expansion, shared exclusively with UKTN, will see Treyd operate out of Stockholm and London – just like consumer-facing BNPL giant Klarna. Founded in 2019, Treyd provides […]

International hedge fund Tiger Global has been battered by the recent selloff of technology stocks. The value of the firm’s public tech shareholdings has plummetted by nearly $20bn this quarter, forcing it to offload stakes in companies such as Netflix and Rivian. Founded in 2001, Tiger Global has made a name for itself by backing […]

Aberdeen-based biopharmaceutical company will now be able to develop its next-generation drugs through pre-clinical trials

A new office base in Edinburgh comes alongside a partnership with Strathclyde University

US tech giant Google is facing a UK lawsuit over its use of NHS medical data belonging to 1.6 million people in 2015. The lawsuit stems from Google’s AI division DeepMind receiving patient data from the Royal Free NHS Trust in London for the development of its Streams app. The mobile app was designed to […]

Contact, a software platform that helps creatives such as models and photographers access job opportunities, has raised £3m in a funding round backed by Game of Thrones star Maisie Williams. Contact will use the seed capital to develop product features and for expanding the platform to different creative verticals. The London-based company provides a single […]

British buy now pay later (BNPL) company Zilch has launched in the US with the opening of a Miami headquarters, as it looks to take on rivals Klarna and Afterpay in a highly competitive market. It has launched with over 150,000 pre-registered customers in a market that it sees as six to seven times larger […]

Israeli transport tech firm Optibus is gearing up for a major move into London after a fresh capital injection of $100m (£80.2m), which pushed the company into unicorn status with a $1.3bn valuation. Founded in 2014, Optibus uses AI and automation technology to support the optimisation of transportation routes for mass city transit. The company’s […]

The UK’s competition watchdog will launch an in-depth investigation into the London Stock Exchange Group’s (LSEG) takeover of Quantile Group. LSEG was previously handed the deadline of 10 May to provide adequate documentation to prove the acquisition of the fintech would not be harmful to market competition. A week has passed since the initial deadline, […]

Pre-tax profits and earnings also rose last year, as international expansion bore fruit

The company recently won contracts with Hampden & Co, NatWest and Atos

London-based cryptocurrency trading platform Elwood has closed a $70m (£57m) Series A funding round co-led by Goldman Sachs and Dawn Capital. Elwood is a platform for the trading of digital assets specifically designed to support institutional investors, including corporations, neobanks, hedge funds and more. “Elwood was established to meet the needs of institutions seeking to […]

Pandemic-induced lockdowns turbocharged consumer cravings for restaurant meals at home, which in turn fuelled the rapid growth of online food delivery companies. But despite this surge in popularity, there are signs of a market slowdown. This uncertainty is encapsulated by the plight of Just Eat Takeaway, the multinational online food delivery service. Last quarter, it […]

Cleantech company Levidian has signed a £700m export deal with Zero Carbon Ventures for its LOOP devices to be used in the UAE to cut half a million tonnes of carbon dioxide equivalent (CO2e). The deal will see Levidian’s LOOP devices deployed across 500 sites in the UAE over the next ten years in oil […]

Biotech startup OGI Bio has secured a £1m investment in a seed round of funding led by TRICAPITAL. Edinburgh-based OGI Bio will use the funding to set up a new laboratory and manufacturing facility, boost hiring and increase sales of its automation systems. The University of Edinburgh spinout has developed a “low-cost” way to automate […]

Digital asset investment manager group Grayscale is set to list an exchange-traded fund (ETF) in a host of European financial markets, including the London Stock Exchange. The ETF contains what Grayscale is calling the “future of finance”, featuring a multitude of firms involved in every aspect of digital assets, including cryptocurrency mining, digital asset managers […]

The Treasury has reaffirmed its commitment to introducing legislation encouraging the use of stablecoins as an accepted payment method in the UK amid a cryptocurrency market crash that saw the TerrasUSD “stablecoin” and linked Luna token delisted from major exchanges. In April, the department unveiled a plan to support the use of certain cryptoassets as […]

The money will build a new laboratory and manufacturing facility, among other things

The Fife yard has also won a £30m contract to maintain two Royal Navy aircraft carriers

Northern Ireland has been revealed as the top UK region for coding job opportunities, according to a report published by the Code Institute. The data shows that 6.2% of all available jobs in Northern Ireland are coding related. While Northern Ireland software developers have lower salaries compared to other UK regions, they are paid on […]

“Transport poverty is one of the least well understood and most neglected social justice issues across the country at the moment,” says Alex Shapland-Howes, co-founder and CEO of Ride Tandem. This neglect is what led to Shapland-Howes founding the London-headquartered mobility startup in 2019. A meeting with a group of fathers a little over three […]

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