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The Week in Tech

Big Health’s £9.15m round, Hailo’s merger with MyTaxi, Yahoo’s acquisition & more in your Week in Tech

FinTech

Opportunity for FinTech firms as UK regulator calls for payments reform

Investments

Cronycle secures $2.6m from Andurance Ventures

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Post Brexit confidence in UK SMEs is high
Solving hospitality staffing issues and changing the way people work, forever
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News

TWIT image Emily

Big Health’s £9.15m round, Hailo’s merger with MyTaxi, Yahoo’s acquisition & more in your Week in Tech
posted 59 mins ago

Welcome to your Week in Tech – a roundup of the week’s top technology news. In this episode, we have Big Health’s £9.15m funding round, Hailo’s merger with MyTaxi, Yahoo’s acquisition and an app to make clearing up after your dog a hands-free process. Watch the video, or read on for all this and more!

opportunities

Opportunity for FinTech firms as UK regulator calls for payments reform
posted 15 hours ago

New opportunities could arise for FinTech firms following the UK payments regulator call for reform. The Payment Systems Regulator (PSR) said today that the UK’s payments infrastructure needed to undergo reform in order to increase competition and to meet consumer requirements. Hannah Nixon, managing director of the PSR, said: ‘We need to future-proof the payments…

funding

Cronycle secures $2.6m from Andurance Ventures
posted 15 hours ago

Cronycle, a startup that enables users to filter online content on platforms such as Twitter, has raised $2.6m from existing investor Andurance Ventures. The startup was co-founded by Nicolas Granatino, also a co-founder and partner at Andurance Ventures, an independent tech venture capital firm launched in London four years ago. Speaking about his firm’s investment in…

smart pension

FinTech startup Smart Pension gets ‘more than £3m’ in funding
posted 22 hours ago

FinTech startup Smart Pension has received an undisclosed sum of investment from European asset manager Legal & General Investment Management (LGIM). Although the amount remains undisclosed it is understood to be higher than Smart Pension’s £3.3m Series A round, which at the time brought the company’s cumulative funding to £5m. Mark Zinkula, CEO of LGIM, spoke…

funding

Big Health gets £9.15m in round led by Octopus Ventures
posted on July 27, 2016

Digital health firm Big Health has landed £9.15m in funding in a round led by Octopus Ventures. The round also drew support from Kaiser Permanente Ventures, Index Ventures, Sean Duffy, JamJar Investments, Esther Dyson and Peter Read. Founded in London in 2010 by Peter Hames and Professor Colin Espie, Big Health – the creator of…

data science

Data science hub Pivigo secures funds from investors including Craigie Capital
posted on July 27, 2016

Data science hub Pivigo has landed funding from investors including Angel Academe, Craigie Capital, Dunamis Ventures and the London Co-Investment Fund.

online shopping

Poq closes $4m Series A funding round led by Beringea
posted on July 27, 2016

Retail app commerce startup Poq has landed $4m in Series A funding in a round led by growth and venture investor Beringea. The company, which provides a SaaS platform to allow retailers to offer customer-facing shopping apps, also drew support from existing investors Seedcamp and Venrex. Launched in 2011 in London, the company is behind…

woman hailing cab

UK taxi booking firm Hailo to merge with mytaxi
posted on July 26, 2016

UK firm Hailo is due to merge with mytaxi in an attempt to create Europe’s ‘largest’ taxi e-hailing service set to operate in more than 50 cities. The new company, a statement noted, will operate under the mytaxi brand and will re-brand all Hailo operations in the UK, Ireland and Spain by mid 2017. As…

drone delivery

UK government approves Amazon’s drone delivery trials
posted on July 26, 2016

The UK government has partnered with Amazon to explore the steps required to make drone parcel deliveries a reality. According to a statement released by the e-commerce giant, a cross-government team supported by the UK Civil Aviation Authority (CAA) has given Amazon permission to explore three key innovations. Amazon, the statement added, will be able…

acquisition UK

London startup Big Data Partnership bought by US firm
posted on July 25, 2016

London-based startup Big Data Partnership has been acquired by Teradata, a big data analytics firm based in the United States. Founded by Mike Merritt-Holmes, Tim Seears, and Pinal Gandhi four years ago, the London company set out to provide big data solutions and training to help firms use big data more effectively. “Our clients have been…

Tide

Mobile-first banking service Tide gets $2m in seed funding
posted on July 25, 2016

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 on July 25, 2016

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…

Editor's picks

TWIT image Emily

Big Health’s £9.15m round, Hailo’s merger with MyTaxi, Yahoo’s acquisition & more in your Week in Tech
posted 59 mins ago

opportunities

Opportunity for FinTech firms as UK regulator calls for payments reform
posted 15 hours ago

funding

Cronycle secures $2.6m from Andurance Ventures
posted 15 hours ago

failure

Is the fear of failure stunting innovation in business?
posted 20 hours ago

smart pension

FinTech startup Smart Pension gets ‘more than £3m’ in funding
posted 22 hours ago

tech talent

Post-Brexit, UK tech firms must seize the moment to grasp best talent
posted on July 28, 2016