News
Planes, a renowned digital product studio, proudly announced its pivotal role in developing Slice Mobile, the UK’s first eSIM-only mobile network. By crafting the Slice Mobile app, Planes has made eSIM technology more accessible, setting a new benchmark for a streamlined, user-friendly mobile experience.
Pennies, the innovative fintech charity known for enabling micro-donations, marked a significant milestone with its inaugural Micro-Donation Day on Monday, 26th August 2024. The event not only raised awareness of the growing micro-donation movement but also generated an impressive £30,000 for charities such as Cancer Research UK, MND Association, and Great Ormond Street Hospital Charity.
Palm, a fintech startup based in Sweden and the Netherlands, has raised $6.1 million in seed funding to modernise cash management for enterprise treasury teams. The funding round was led by Speedinvest and Target Global, with participation from Upfin, Liquid2, and Greens. The round also included investments from notable angels like Job van der Voort, Founder & CEO of Remote, and Philippe Teixeira da Mota, former partner at Hedosophia.
Malcom Finance, formerly known as 4Trans, has appointed Michal Šmída, the founder of Twisto, as a Non-Executive Director to help shape its strategic direction. Šmída brings a wealth of experience in building and scaling fintech businesses, which will support Malcom Finance’s growth ambitions.
HM Treasury has officially confirmed the extension of the Enterprise Investment Scheme (EIS) sunset clause to 2035, ensuring that EIS relief and Venture Capital Trusts relief will apply to shares issued before 6 April 2035.
The Abu Dhabi Early Childhood Authority (ECA) has announced the 20 startups selected for Cohort 05 of the Anjal Z Techstars Founder Catalyst Program, designed to drive innovation in early childhood development. Partnered with Techstars, the program supports startups focused on children aged 0-8 and their families, with a commitment to enhancing health and nutrition, early care and education, child protection, and family support.
South Summit Korea, co-organised by IE University, the Government of Gyeonggi and GBSA (Gyenggido Business & Science Accelerator), has announced the 30 finalist startups of its Startup Competition. The finalist projects come from 10 different countries and will compete to be crowned the best startup in the fields of Deep Tech and Artificial Intelligence. The first edition of South Summit Korea will be held from September 25 to 27 in the Korean province of Gyeonggi.
Registration is now open for the South Summit Madrid 2025 startup Competition, co-organised by IE University to select the most innovative and disruptive projects in the market. Interested startups can submit their applications before January 31 through the following link:
Digital Catapult has unveiled its first International Supply Chain Accelerator, aimed at revolutionising global supply chains through cutting-edge deeptech solutions. The programme introduces two key initiatives: Seamless Trade Across Borders and Product Carbon Footprint Measurement, both designed to enhance supply chain resilience and promote international industrial sustainability.
Herbert Smith Freehills has teamed up with Carbon13 to support the development of high-impact climatetech startups aimed at reducing global greenhouse gas emissions.
Over a six-week period, a panel of more than 170 experts selected 41 international startups to participate in the 11-week Kickstart Innovation programme in Switzerland. These startups now have the chance to connect with key decision-makers, test and scale their business models, and secure significant deals.
Custocy is set to enhance its AI-powered network detection and response (NDR) platform by integrating Enea Qosmos’ deep packet inspection (DPI) and intrusion detection (IDS) software libraries. This collaboration aims to boost the platform’s accuracy, performance, and product differentiation through enhanced traffic visibility and efficient data inspection.
Helsinki’s tech scene continues to draw the attention of global investors, with Singapore-based venture capital firm Leo Capital setting up its Nordic headquarters in the Finnish capital. This strategic expansion coincides with the launch of a €25 million fund dedicated to supporting B2B startups in the Nordic region, marking Leo Capital’s first fund specifically focused on Europe.
Many sale memorandums often miss the mark when it comes to capturing a buyer’s attention, merely compiling data without telling a compelling story. According to Victor Basta, CEO and Founder of DAI Magister, while assembling key information is useful, it is not enough to secure the highest sale price.
Glovo has appointed Shiro Theuri as its new Chief Technology Officer (CTO). Previously serving as the Senior Director of Engineering since 2022, Theuri’s new mandate is to elevate Glovo’s technological and innovative prowess, ensuring the platform delivers an exceptional experience for customers, couriers, and partners alike.
Coventry-based Expert Technologies Group has secured a significant contract in Spain, bolstered by a €1.4 million financing arrangement.
Innovate UK, Britain’s national innovation agency, has U-turned on its decision to award only half of the 50 grants in its ‘Women In Innovation’ funding competition for female entrepreneurs.
Mollie, one of Europe’s fintech unicorns, has named Dave Smallwood as its new UK Managing Director as the company continues to scale its UK operations following a triple-digit year-on-year growth in the first quarter of 2024.
Sustainability startup Signol, which leverages behavioural science to reduce emissions in the shipping and aviation industries, has raised £2.5 million from industry-focused investors.
Despite the new Labour government’s commitment to a greener UK energy system, recent data has uncovered that hidden transaction fees are inflating costs for businesses transitioning to renewable energy. A comprehensive analysis has shown that these hidden fees are costing UK businesses a staggering £2.6 billion annually, translating to an additional monthly expense of £216 million.
