Government launches £12m grant to boost UK digital startup growth
The government will launch a Digital Growth Grant of “up to” £12.09m to “boost the growth” of technology startups in the UK. The Digital Growth...
Category : UK
One in five UK adults own cryptocurrency – report
Nearly one in five UK adults own cryptocurrency, with almost half – 45% – buying it for the first time in the last year. That’s...
Purple Dot scoops $4m for inventory software tackling supply chain woes
London-based ecommerce waitlist and pre-order platform Purple Dot has raised $4m (£2.95m) in a funding round to expand its payment product, scale the business and...
Bank of England boss gives cryptoasset warning to financial institutions
Andrew Bailey, the governor of the Bank of England (BoE), has warned financial institutions to be “cautious and prudent” when dealing with cryptoassets until new...
Social audio app Wisdom picks up £1.5m funding
UK-based Wisdom, a social audio app, has picked up $2m (£1.5m) in a seed funding round led by First Round Capital along with a slew...
Fintech group SPG raises £25m to grow payments businesses
UK fintech group SPG, which owns Shieldpay and Paycast, has raised $34m (£25m) in a Series A funding round. The investment was led by Marqeta...
Greensill Capital collapse sparks appointed representatives overhaul
The Financial Conduct Authority (FCA) is looking to overhaul the UK’s appointed representative regime because a lack of due diligence is causing “harm” to the...
UK proptech investment hits record £1.6bn
UK proptech investment reached a record £1.6bn in 2021 and has more than quadrupled since 2020, according to venture capital firm Pi Labs. The London-headquartered...
Monzo, Indeed founders back hiring tech startup Screenloop in $2.5m raise
UK-based hiring intelligence startup Screenloop has raised $2.5m (£1.9m) in an oversubscribed funding round. It will use the funds to develop its hiring solutions, which...
Abrdn confirms £1.49bn acquisition of Interactive Investor
British asset manager Abrdn has confirmed it plans to acquire subscription-based investment platform Interactive Investor for £1.49bn. Abrdn, which rebranded from Standard Life Aberdeen earlier...
