Exclusive: In the office full-time? No thanks, say 86 per cent of tech professionals June 2, 2021 As restrictions continue to lift and companies prepare to bring employees back to the workplace, many workers don’t want to return to the office full-time. Technology professionals are no exception. In fact, 86 per cent of them want a work from home arrangement after the pandemic, according to a survey by tech job market platform [...]
Exclusive: 65 per cent of UK companies plan to increase investments in tech June 1, 2021 Just over 65 per cent of all UK companies plan to increase the amount they spend on IT and new technologies, according to new research, shared exclusively with City A.M. today. This follows a majority, or 56 per cent, of all UK businesses successfully adopting one or more new technologies since the beginning of the [...]
Sun shines on FTSE 100 amid reshuffle as ITV aims for prime-time slot June 1, 2021 The sun is shining on the FTSE 100 with the index receiving an early summer boost pushing it firmly above the psychologically important 7,000 mark. As the global growth recovery story unfolds, miners in particular are on the front foot today, as high demand for metals in particular push prices higher. Anglo American and Rio [...]
Exclusive: Meet the former UBS and JPMorgan heavyweights shaking up private banking May 28, 2021 As the economy is slowly switching into recovery gear, activity in the City and beyond is starting to pick up again. That is also the case for Vestrata, a relatively new fintech player that is taking the wealth management and private banking space by storm by bring machine learning and automated risk metrics into the [...]
Crowdfunding: Fintech app Curve rakes in £10m in just 54 hours May 28, 2021 Fintech app Curve has raked in nearly £10m in just 54 hours, in the largest equity raise on crowdfunding platform Crowdcube’s record. A collection of 11,795 investors pushed the equity raise into near double digits, breaking multiple records during Crowdcube’s campaign. Closing at 3pm yesterday, investors raised £9.9m. The fintech app, which connects all bank accounts [...]
Paysend raises $125m Series B round as it eyes further global expansion May 26, 2021 Global payments platform Paysend has secured a $125m Series B round to help further fund its global expansion plans. Paysend, which launched four years ago, allows customers and businesses to send money online from anywhere in the world in any currency. It boasts more than 3.7m customers in over 60 countries since its launch. “Our [...]
Klarna mulls London stock market float after post-Brexit listing revamp May 21, 2021 Klarna is weighing up a potential stock market float in London, but has said its decision will rest on changes to listing rules in the capital after Brexit. Chief executive Sebastian Siemiatkowski said London had the opportunity to strengthen its reputation as a global financial hub by attracting more fintech firms and banks. “As Brexit [...]
Climate risk start-up Cervest closes $30m funding round May 20, 2021 A tech start-up which has developed a number of tools to help firms keep track of climate risk has today closed a $30m Series A funding round. Cervest, which was founded in 2016, uses its “climate intelligence” platform to allow companies to keep track of environmental threats to their assets. Venture capital firm Draper Espirit [...]
Fintech firm Pipe secures $2bn valuation after funding round May 19, 2021 Pipe, a startup that allows companies to sell their recurring revenue streams, has secured a valuation of $2bn (£1.4bn) following a fresh funding round. The fintech firm today said it had raised a further $250m in a round led by venture capital firm Greenspring Associates. New investors such as Morgan Stanley’s investment arm Counterpoint Global, [...]
UK tech industry grows tenfold in last decade as London leads Europe May 19, 2021 The UK tech industry has expanded tenfold over the last 10 years as London continues to close the gap on Silicon Valley. Between 2010 and 2020 the number of British unicorns — private tech firms valued at more than $1bn — grew from eight to 81, while the number of companies nearing unicorn status also [...]