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      ‘Moment of jeopardy’: City leaders issue rallying cry to safeguard London’s future as top financial hub

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Index Ventures

  • British AI start-up lands $750m valuation nine months after creation

    Tech

    British AI start-up Tessl has landed a $750m valuation just nine months after being created, it is understood, as it looks to revamp how computer programmers create software.

    Tessl was founded by Guy Podjarny in February.
  • Apron: London fintech taps Checkout founder and Apple iPhone co-creator for $30m funding

    Fintech

    London fintech Apron has raised $30m in Series B funding to boost hiring and launch a slew of new accounting and payment tools for small businesses.

    Apron was founded in 2021 by Bogdan Uzbekov, a former product lead supporting Revolut’s European banking arm.
  • VC firm Index Ventures raises £1.8bn to back UK start-ups and unicorns like Revolut

    Tech

    The VC firm believes that rapid advancements in artificial intelligence (AI), a deep talent pool and proven hyper-growth playbooks are driving big opportunities.

    These are the top five fintechs on their way to becoming unicorns based on private companies with valuations between $500m and $1bn.

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  • Construction sector cuts jobs again as house building slumps

  • Everyman to open at Elephant & Castle as £500m regeneration gains pace

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