Technology transfer offers a fast route toward rebuilding the COVID-ravaged economies of low-and-middle income countries March 11, 2021 | City Talk Technology transfer is a measure of the way in which countries manage their international flows of capital, goods, services, ideas and people. Borders and tariffs in rich countries often impede the economic and technological exchanges that could otherwise accelerate development and growth in poorer nations. Evidence shows that quickly spreading technology and technological knowledge quickly [...]
Monzo co-founder Gary Dolman joins Tickr as chairman March 11, 2021 Sustainable investing app Tickr has enjoyed meteoric growth during the pandemic, closed a £2.5m funding round and will now welcome one of Monzo’s founders to its board. Founded in 2018 by Tom McGillyCuddy and Matt Latham after stints at Barclays and Wellington Management, the pair wanted to demystify sustainable investing. The Tickr app only offers [...]
New tech startup launches every half an hour during pandemic March 11, 2021 The tech sector has been one of the few winners from the pandemic with many entrepreneurs using the time to launch new companies. Between January and December 2020, 19,465 businesses were registered in the information and communication sector according to data from Tech Nation. It is equivalent to a new tech firm launching every half [...]
Exclusive: Teams rival Starleaf plots London float as demand surges March 10, 2021 British video call and messaging firm Starleaf is plotting an initial public offering in London after demand for its services surged during the pandemic, City A.M. can reveal. Watford-based Starleaf, whose platform is used by major corporate clients including the NHS, booked a record year of trading in 2020 amid the shift to home working. [...]
Zego becomes first UK insurtech to secure unicorn status March 10, 2021 Motor insurance startup Zego has secured unicorn status with a valuation of more than $1bn after its latest funding round. The London-based company provides insurance to gig economy workers and claims to be the UK’s first insurtech unicorn. It follows a $150m round led by DST Global with backing from General Catalyst, whose founder and [...]
First Deliveroo backers now have stake worth 431 times original investment March 10, 2021 The investors who piled into Deliveroo at its earliest stages will be rubbing their hands as the takeaway giant prepares for its bumper London listing. The investors who bought into the takeaway back in 2013 will now have a stake worth £646, around 431 times their original investment according to data from MarktoMarket. In September [...]
UK regulators unveil ‘joined-up’ approach ahead of Big Tech crackdown March 10, 2021 Three major UK watchdogs have outlined their “joined-up” approach to digital regulation this morning as authorities prepare to crack down on Big Tech. The Digital Regulation Cooperation Forum (DCRF), which includes Ofcom, the Competition Markets Authority (CMA) and the Information Commissioner’s Office (ICO), today unveiled its first annual plan for co-ordinating new regulation across online [...]
Monzo backer Passion Capital opens doors to retail investors March 10, 2021 One of the earliest backers of fintech favourite Monzo is opening its doors to crowd investors with the launch of its third fund. Passion Capital’s £45m fund will be open to any investors who self-certify as “high net worth” or “sophisticated” and are registered and qualified by the crowdfunding platform Seedrs. It will give retail [...]
Money mule criminals increasingly target cash-strapped youth during Covid lockdown, report finds March 10, 2021 Money mule criminals use fake online job adverts to target cash strapped youngsters
Microsoft hack: Biden sets up emergency taskforce as EU banking regulator hit March 9, 2021 US President Joe Biden has launched an investigation into a widespread cyber attack on Microsoft’s email services that may have compromised tens of thousands of businesses. The attack, which was first uncovered last week, has taken advantage of previously undiscovered vulnerabilities in Microsoft’s mail server software to potentially gain access to swathes of organisations in [...]