News

Fintech startup raises $20m in Series B funding round

Rewire, a fintech startup that develops cross-border online banking services tailored for the needs of expatriate workers worldwide, has announced a Series B funding round of $20m and significant line of credit from a leading bank. Rewire was founded with the vision to empower every migrant to fulfill their financial potential for a better future, for themselves and their families.

Post-Pandemic Peaks in holiday bookings to put strain on business staffing

Following news this week that people have been rushing to book holidays for summer, data from absence management platform, e-days reveals that Mondays, already the day people are most likely to book holiday, will see a spike in holiday bookings post government announcements in 2021. So far Monday January 4th, the first day back after the Christmas break, and Monday 22nd February, following the UK government’s announcement of the roadmap out of lockdown, have witnessed the biggest leap in number of leave bookings.

5G Solution enables joint programme between Ofcom and Digital Catapult

Eight 5G solution providers have joined the SmartRAN Open Network Interoperability Centre (SONIC), a joint programme between Digital Catapult and Ofcom to test interoperability and integration of open networking solutions.

Business leaders have faith in Sunak to deliver Budget, but SMEs want more targeted support

Ahead of the budget on Wednesday, reputation management consultancy, Lansons and strategic insight agency, Opinium polled 500 senior business leaders to gauge their views on current economic support and understand what they want out of the budget.

Ethical recruitment is the answer for struggling charities

A brand new recruitment agency has launched in the West Midlands with the ambition of making the industry a more community-conscious one. 70/30 Club is leading the way in ethical recruitment, committing 70% of its profits to local charities every year, whilst delivering talent acquisition for a range of organisations.

AgTech startup to enhance specialty crop harvesting with new robotics solution

Future Acres – a new startup bringing sustainable agricultural robotics to the farm industry in order to optimise workforce efficiency and safety – has launched to raise up to $3m in seed capital via equity crowdfunding site, SeedInvest. The company is producing an autonomous, electric agricultural robotic harvest companion, named Carry, to help farmers gather hand-picked crops faster and with less physical demand.

Yorkshire tech startup announces funding to help boost productivity on factory floors

A tech spin-out whose cloud based data capture and analysis technology is unlocking five-fold increases in manufacturing factory floor productivity in the North of England has secured a significant six-figure investment from a combined Angel and Venture Capital syndicate, valuing the company at £2m.

Making School Safety a Priority with Smart Technology

With pupils set to go back to school on 8th March, there are a number of safety measures schools need to implement to ensure the health and wellness of staff, students and school communities.

New Sticky could ’revolutionise’ online trading for small businesses

A revolutionary new technology that allows customers to order products or access information with just the tap of a smartphone could transform the online marketplace, an expert says.

British inventions win global sustainability prize

Revolutionary packaging startup, SoluBlue, has been awarded the top prize of €500,000 from the Postcode Lotteries Green Challenge, one of the world’s largest annual sustainability competitions. The Cambridge-based startup beat over 650 startups from across Europe to be crowned the latest winner and will now use the prize money to scale up its technology for pilot production among retailers.

The ScaleUp Accelerator assists last-mile delivery in £4m round

Gophr, the UK’s fastest-growing last-mile delivery provider, has raised £4m led by Nauta Capital, assisted by The ScaleUp Accelerator and White Horse Capital.

Zoom identified as worst company for gender diversity in the boardroom

Bumble’s CEO, Whitney Wolfe Herd, became the world’s youngest female self-made billionaire last week– a huge milestone for women in business everywhere. But how many female decision-makers are there in the boardrooms of some of the biggest companies in technology, entertainment and e-commerce?

Tech Nation reveals the UK’s 10 tech Rising Stars

Tech Nation​, the UK network for ambitious tech entrepreneurs, has announced the ten early-stage scaleup winners of its nationwide competition, Rising Stars. These companies have been selected because they are at the forefront of UK technology, across a range of subsectors, providing solutions such as digitally connecting healthcare workers with communities, digital recruitment for schools, and tools for online content creators.

Xero calls for urgent action as UK small business revenue continues to fall

Xero, the global small business platform, is calling for urgent action to put small businesses at the centre of the UK economic recovery – after new Xero Small Business Insights (XSBI) data finds revenue slowed further in January to 9.3% below levels seen a year ago.

Londoners love Bitcoin but cautious Scots do not: new national survey

Londoners are huge cryptocurrency fans, having bought more of the digital asset than any other region in the UK according to a new national survey, while cautious Scots have bought the least.

New Advertising Solutions to Help Small Businesses Thrive

Waze, the platform bringing together communities on and off the road, has announced updates to Waze Ads Starter, its advertising solution tailored specifically to small businesses. The features take into account the unique challenges faced by small businesses now, making it easier for them to connect with existing customers and attract new ones while making the most of their marketing investment.

Fronted becomes second fintech to launch on Yobota’s core banking platform

Rental deposit fintech, Fronted has launched this month, becoming the second company to be powered by Yobota’s core banking platform. Founded in 2016, London-based technology firm, Yobota has built a fast, flexible, cloud-native core banking platform that allows clients to create and run innovative financial products.

Step Anywhere into the startup world

Step Anywhere 2021 is on for March 29th, 30th, and 31st, and fully online! Organised by the team behind Step Conference, The Leading Online Tech Festival For Emerging Markets will bring together over 1500 international attendees, 100 showcasing startups and global players in healthtech, edtech, fintech, foodtech, smart cities, digital media, and more.

Taking an important step to reduce risk of patent lawsuits

LOT Network, the international community of the world’s leading high-tech companies committed to protecting its members from costly litigation from patent assertion entities (PAEs, also known as ‘patent trolls’), has announced that ByteDance has joined its 1,200 member organisation. In doing so, the company is taking proactive measures to protect itself against potential litigation from PAEs, and inoculating themselves from a pool of over three million patents.

Design Pickle acquires London-based firm Design Hero

Design Pickle, the leading graphic design and creative services subscription platform, has released information about their acquisition of British design services company, Design Hero. The acquisition marks the first of its kind for Design Pickle, paving the way for expansion into the UK and European creative markets.