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Mobile-first banking service Tide gets $2m in seed funding

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VCs pledge to support UK tech despite Brexit vote

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Tide

Mobile-first banking service Tide gets $2m in seed funding
posted 2 hours ago

Mobile-first banking service Tide has closed a $2m seed funding round with investment from LocalGlobe, Passion Capital and other high profile entrepreneurs. Founded early last year by George Bevis, also the CEO, Tide claims to allow customers to set up a business current account in three minutes or less in an attempt to let people…

UK Brexit tech vote

VCs pledge to support UK tech despite Brexit vote
posted 3 hours ago

A number of investment firms have committed to continue supporting the UK’s tech sector despite the country’s Brexit vote. The pledge comes after Sadiq Khan, the mayor of London, launched the #LondonIsOpen campaign last week in an attempt to show that the city remained open for business following the EU referendum. Khan said: “This is further proof…

tech stats (2)

Top tech stats: InsurTech, employee retention & more
posted on July 23, 2016

Welcome to your roundup of some of the past week’s most interesting surveys, statistics and reports relevant to those involved in the UK tech industry. This week, we have statistics covering employee retention, digital development and InsurTech. A real impact A survey by Appirio revealed that 60% of respondents said knowing whether staff feel appreciated…

korea

New FinTech Bridgeto boost startups’ access to Korea
posted on July 22, 2016

The HM Treasury has announced an agreement that will seek to make it easier for the UK and the Republic of Korea to invest in financial technology. In turn, the new “FinTech Bridge”, announced at the UK-Korea Financial Forum today, will also seek to attract Korean FinTech companies and gain access to investors to the…

startup weekly

Startup Weekly: EY blockchain challenge, Crowdfunder’s £2.4m funding boost & more
posted on July 22, 2016

Here’s your weekly round up of news about startup competitions, awards, co-working spaces, accelerators and any other exciting things happening in the UK tech sector. EY Startup blockchain challenge EY’s Startup Challenge is back with a focus on blockchain to find solutions for key industry challenges such as digital rights management and energy trading. The…

valet parking

On-demand Valet parking platform Vallie closes $750,000 seed round
posted on July 22, 2016

On-demand valet parking service Vallie has closed a $750,000 seed funding round led by SAATCHiNVEST. Co-founded by Nash Islam and Robin Doble last year, Vallie enables customers in Central London to drop their car off and have it collected and parked by a driver. The money, a statement said, will be used to continue developing…

The Week in Tech

ARM Holdings acquisition, MarketInvoice funding, Swiftmoji and more in your Week in Tech
posted on July 22, 2016

Welcome to your Week in Tech – a roundup of the week’s top technology news. In this episode, we have investments, acquisitions, emojis and something to keep you cool during the next heatwave.

MasterCard

MasterCard acquires UK FinTech firm VocaLink for £700m
posted on July 21, 2016

MasterCard Incorporated has acquired 92.4% of payments services company VocaLink Holdings for around £700m.

HomeTouch Team

HomeTouch gets £700,000 in funding to expand across the UK
posted on July 21, 2016

HomeTouch has closed a £700,000 funding round from Global Founders Capital (GFC) to boost its growth across the whole of the UK by 2017.

Dublin

London-based e-commerce firm Ve Interactive expands to Ireland
posted on July 20, 2016

London-based e-commerce firm Ve Interactive has announced the opening of a Dublin office to consolidate its presence in Ireland. Founded in 2009, the company now has 34 offices across the globe, having opened another office in Delhi earlier this year. Brian O’Keefe, managing director at Ve Interactive, commented on the expansion:  “The Irish eCommerce industry is…

deal

Cybersecurity firm Secarma acquires Manchester-based Pentest Ltd
posted on July 19, 2016

Cybersecurity firm Secarma has acquired Manchester-based application security company Pentest Limited for an undisclosed sum. As a result of the deal, Secarma is expected to add new resources to Pentest Limited, including a team of ethical hackers. Managing director for Pentest Limited, John Denneny, said: “In order for us to continue our current rapid growth…

research

Brexit ’caused over 40% fall’ in UK VC investment in Q2 2016
posted on July 19, 2016

UK venture capital investment fell more than 40% from Q1 2016 partly as a result of Brexit. According to CB Insights and KPMG Venture Pulse report Q2 2016, uncertainty around the Brexit referendum contributed to the decline in VC investment over the quarter. Many investors, the report adds, refrained from making investments, instead taking a…

Editor's picks

Tide

Mobile-first banking service Tide gets $2m in seed funding
posted 2 hours ago

UK Brexit tech vote

VCs pledge to support UK tech despite Brexit vote
posted 3 hours ago

survey

Share your views with Tech City News
posted 6 hours ago

revolution

FinTech: Evolution or revolution?
posted on July 24, 2016

tech stats (2)

Top tech stats: InsurTech, employee retention & more
posted on July 23, 2016

korea

New FinTech Bridgeto boost startups’ access to Korea
posted on July 22, 2016