Exclusive: Railsbank CEO on finance’s ‘iTunes moment’, ripping up the rule book and the might of Amazon February 7, 2022 British fintech Railsbank is eyeing up ‘unicorn’ status as it looks to raise $100m funding which would value the firm at over $1bn. It follows a $70m funding injection last year from backers including Anthos Capital and Outrun Ventures, which bosses had suggested had left the firm with a valuation of close to $1bn. Time [...]
3 brilliant companies that are hiring in London at the moment February 1, 2022 As we emerge from the last few years of lockdowns and restrictions, things are really starting to look positive. The world is somewhat returning to normal (FINALLY), and we couldn’t be happier. One sure fire way to spot that things are getting better is the fact that so many amazing companies are hiring all over [...]
Exclusive: Half of all UK bosses plan to hire new tech staff this year January 31, 2022 Digital transformation is a key focus for UK businesses in the coming months. While costs have been a deterrent to innovation over the past year for many firms, the majority are looking to funnel investment into new technology projects in 2022. Nearly half of those polled admit that the cost of development has impeded their firm [...]
UK tech special: The rocky but unstoppable rise in startup valuations January 30, 2022 The accelerated growth of startup valuations has sparked debate around the world, particularly in the markets where this has been reflected in the most significant raises and the speediest unicorns. Despite ongoing pandemic uncertainty, a quarter of the UK’s 116 unicorn tech companies became unicorns during 2021. Investment climbed significantly, up to £26bn in 2021 [...]
Long fraud trial looms for tech tycoon Mike Lynch as Priti Patel approves extradition to US January 29, 2022 The extradition of British technology tycoon Mike Lynch to the United States to answer criminal fraud charges has been approved by Home Secretary Priti Patel. “On January 28, following consideration by the courts, the extradition of Dr Michael Lynch to the US was ordered,” a Home Office spokesperson said last night. “Under the Extradition Act [...]
UK tech tycoon Mike Lynch fails bid to delay US extradition ruling January 26, 2022 British technology tycoon Mike Lynch, who is facing extradition to the US after being accused of fraud, has failed to delay a decision by the Home Office this morning. US authorities accused Lynch of being involved in a multibillion-dollar fraud over the sale of his software company, Autonomy, to Hewlett-Packard in 2011 for £8.5bn, which [...]
Sales and productivity have jumped since move to four-day work week, says London tech firm January 25, 2022 A London-based tech company has seen a 30 per cent boost in sales since moving to a four-day work week, the agency told City A.M. Since the change to a four-day, 32 hour working week, implemented in October of last year, technology consultancy company THRYVE ahas also seen its productivity go up by 20 per [...]
AI-driven fintech MDOTM bets on game theory January 24, 2022 MDOTM, a London-based fintech providing AI-driven investment strategies, has acquired the team of Mercurius Betting Intelligence, a company specialized in betting models and sports prediction with artificial intelligence. Following the €6.2m (£5.1m) Series-B round raised in September 2021 – which brought MDOTM’s total funding to €8.2m – the agreement will incorporate Mercurius’ skills in AI [...]
Exclusive: Kalifa calls on pension funds to fill fintech growth funding cap January 17, 2022 The author of a major review of UK fintech has called on pension funds to back British entrepreneurs and fill a major growth funding gap in the sector.
Tech leaders double down on digital currency following Lords rebuttal January 14, 2022 Tech bosses have doubled down on calls for a central bank backed digital currency (CBDC) after a report by the house of Lords.