Menu visibility control

Video

Events

Startup Surgery

Most Recent

Sponsored

Your employer brand: How to be more attractive to tech professionals

News

Nick D’Aloisio’s news aggregation app Summly shut down by Yahoo

News

Top tech stats: London’s co-working community satisfaction, UK EdTEch investment and more

Press Releases

‘Connected finance’ app Curve hits £50m spend ahead of UK launch
“Coffee, networking and productivity”: Workspace disruptor ‘Lounge’ launches in London
Kompli-Global’s Technology Will Make Life Harder for Money Launderers

£15m in UK tech investment, a $26.99bn acquisition, Uber ban and more in The Week in Tech

Tech on table
twitterlinkedinFacebookgoogle_plustwitterlinkedinFacebookgoogle_plus

Welcome to The Week in Tech, your roundup of the week’s top technology news. This week, we have more than £15m in UK tech investment, a potential $26.99bn acquisition, news of an Uber ban and more.

Neyber £7.5m

FinTech startup Neyber, which allows employers to offer access to ‘affordable’ loans, raised £7.5m in Series B funding.

The London-based company drew support from investors including Deutsche Bank COO Henry Ritchotte, and Credit Suisse investment bank co-head Gaël de Boissard.

Culture. There’s no app for that, Kalanick

Beamery $5m

Beamery, a recruitment tech startup, raised $5m (£4m) in funding from Index Ventures with the participation of Endred Capital Partners, GP Ventures and LocalGlobe.

Based in London, the firm said it will use the funding to double its staff roster and open new US offices, while maintaining its UK branch’s product development and engineering strength.

Attest $3.1m

MarTech startup Attest raised $3.1m in funding in a round led by Oxford Capital and Episode 1.

The London-based company also attracted a range of new Angel investors including London Business School Professor of Management and Marketing Paddy Barwise.

Tenzo, Sideways 6, Holiday Crowd

Tenzo, a data-driven hospitality tech platform, raised a £600,000 Seed round led by Acequia Capital, Force Over Mass and angel investors Charlie Songhurst, Michael Orland and Getti Restaurants.

Sideways 6, a tech startup based in London, raised £500,000 in Seed funding from investors including Brent Hoberman and the 24 Haymarket group.

Online property investment service Holiday Crowd closed a £290,000 Seed round from a series of Angel investors including Clive Sykes, founder and chairman of Sykes Cottages, and Apadmi Ventures, the venture arm of Apadmi Limited.

FinTech Week 2017

Numerous events centred on financial technology took place as part of FinTech Week 2017.

Speaking at the inaugural International FinTech Conference in London, Chancellor Philip Hammond described London as being “at the forefront of the FinTech revolution, changing the way in which financial services are accessed and delivered”.

At the Innovate Finance Global Summit, speakers including Sir Tim Berners-Lee and representatives from Deloitte, the Financial Conduct Authority and the Bill & Melinda Gates Foundation took to the stage to talk about the latest innovations in FinTech.

Rumoured $26.99bn acquisition

Taiwan’s Foxconn indicated it may pay as much as 3tn yen ($26.99bn) for Toshiba’s chip business, according to a Bloomberg report.

South Korea’s SK Hynix and chipmaker Broadcom have submitted preliminary bids for the company’s semiconductor business, valued at $17.98bn or more, according to the report.

Uber banned in Italy

A court has ordered Uber to stop all activities across Italy, with the court stating the firm represents unfair competition for taxi drivers.

Uber was given 10 days to shut down all its activities and is banned from running advertising in the country. The company was told that, after the 10 days, it would have to pay €10,000 per day if it continues to operate.

Download of the Week

Snatch appOur Download of the Week is augmented reality app Snatch. It’s a new take on mobile gaming combining AR and the real world to create a virtual treasure hunt, where players hunt down virtual prizes that turn into real prizes.

Think Pokemon Go, but instead of bagging virtual monsters, you win free clothing for a year from TopShop and two-month passes to Now TV.

And Finally

And finally, a growing number of UK university students are using tech to cheat in exams, a Freedom of Information request by the Guardian found.

It revealed a 42% rise in cheating cases involving technology over the last four years, with students using devices such as mobile phones, smart watches and hidden earpieces. Last year, a quarter of all students caught cheating used electronic devices.

That’s all for this week’s roundup! Follow us on Twitter and Facebook for more tech updates.

Enter your email address to receive updates straight to your inbox

* indicates required
Send me news on...
twitterlinkedinFacebookgoogle_plustwitterlinkedinFacebookgoogle_plus

Editor's picks

man smiling at colleague

Your employer brand: How to be more attractive to tech professionals
posted 10 mins ago

Nick D’Aloisio’s news aggregation app Summly shut down by Yahoo
posted 18 hours ago

Top tech stats: London’s co-working community satisfaction, UK EdTEch investment and more
posted 23 hours ago

Paris

Iris Capital launches €250m European tech investment fund
posted on June 23, 2017

Startup Weekly: Welsh tech accelerator calls for applications, Virgin StartUp partners with WeWork and more
posted on June 23, 2017

Culture. There’s no app for that, Kalanick
posted on June 23, 2017