News
Trustly, the leading global payments platform for digital Account-to-Account transactions (A2A) today announces the acquisition of the UK-based Open Banking Payments platform Ecospend. Ecospend’s strong UK A2A product and full bank connectivity will complement and enable Trustly to deliver a market-leading product in the UK, and further accelerate its UK roll-out – one of Europe’s most rapidly growing A2A regions and a core growth market for Trustly.
It is no secret that during the midst of the covid pandemic, thousands of people decided to start their own business. The under 25’s boomed with innovation during lockdown, and a new study has shown that e-commerce, freight and real estate were the top sectors for the start-up businesses in under 25’s.
Crowd Data Systems (CDS), a B2B SaaS platform providing data-driven decision support to corporate treasury, has secured an €1m seed round led by Triple Point Ventures, alongside Portfolio Ventures and a number of angel investors. This investment will enable the business to build out sales, marketing and customer success in order to meet its next phase of growth.
Salience Labs has raised a seed round of $11.5m to develop an ultra high-speed multi-chip processor combining photonics and electronics to accelerate exponential advances in AI. The round was led by Cambridge Innovation Capital and Oxford Science Enterprises, with Oxford Investment Consultants, former CEO of Dialog Semiconductor Jalal Bagherli, ex-Temasek Board Member Yew Lin Goh and Arm-backed Deeptech Labs participating.
Sustainable parenting platform, YoungPlanet, has seen a 235% increase in app sign-ups during the first five months of 2022, compared to the same timeframe in 2021. The app is used by families across the UK to give and receive pre-used children’s items for free; helping parents to prevent unnecessary landfill waste.
May 2022: The key to increasing investment in more female-founded companies is by increasing the representation of female VCs, suggests VC-backed, female-founded retail technology app Slip. Although less than 20% of investors in Slip are female, Co-founder and CEO Tash Grossman believes that increased female investor representation would support the growth of more female-founded businesses.
Award-winning entrepreneur and former Ambassador for Entrepreneurship in the UK, Gerard Jones has launched a digital coach education platform ULearnbly.com which offers online sports coaching courses, mentoring services and exclusive insight interviews to sports coaches across all levels around the world.












