News

Weavr secures E-money licence to transform embedded finance for B2B SaaS across Europe

Weavr has announced the acquisition of a European e-money licence, marking a significant milestone for both the company and the embedded finance industry. This licence, granted by the Malta Financial Services Authority (MFSA) after an extensive review of Weavr’s unique operating model, is set to boost the adoption of embedded finance by B2B SaaS businesses.

Expo Agritech 2024 is looking for innovative tech startups for the agricultural field

The Feria del Campo 4.0 – Expo Agritech 2024 will debut in Malaga, Spain, from 26th to 28th November, introducing the inaugural AgriTech Startup Forum, a competition for entrepreneurs.

Heriot-Watt accelerates development of innovative comfortable prosthetics

David Yeudall, a former principal mechanical engineer at a UK prosthetics company, has made notable advancements in developing upper limb prosthetics that are more comfortable, functional, and affordable. His work has been supported by Heriot-Watt University’s DeepTech LaunchPad programme.

Vanta raises $150M for expansion and AI innovation

Vanta, the pioneering trust management platform, announces that it has raised a $150 million Series C funding round at a valuation of $2.45 billion.

Chekable debuts gen AI platform for patent professionals

NEC X, the Silicon Valley innovation accelerator backed by NEC’s advanced technologies, has announced the graduation of Chekable from its prestigious Elev X! Ignite venture studio programme, in addition to a new investment from NEC X to help scale Chekable’s transformative AI solution for inventors and patent professionals.

Fireblocks for Startups launches for secure blockchain tech

Fireblocks, an easy-to-use platform for building blockchain applications and managing digital asset operations, announces the launch of Fireblocks for Startups, a suite of self-service tools designed specifically for startups to easily build blockchain-based products.

Office market transforms as flexible workspaces gain popularity

A recent survey conducted by workspace provider infinitSpace revealed significant trends among 250 UK office landlords.

Over 110,000 UK small businesses at risk of going bust

A recent SME insights report by Dojo, a specialist in card payments for independent and enterprise businesses, has highlighted a concerning trend: approximately 110,940 SMEs are at risk of insolvency due to depleted cash reserves.

Rome, Amsterdam, Madrid and Venice to share new tourism models to avoid tourist overcrowding at TIS2024

According to a recent market report, 68% of tourists value sustainability positively and want tools to make decisions about the environmental impact of their trips. This is just one sign that the travel industry is undergoing an unprecedented transformation with a focus on sustainability. This is reflected in hotels, which are integrating “green” technology in their rooms; the commitment to promoting the circular economy in travel; and an increase in travelers’ awareness of the care and respect for the places they visit.

Cybersecurity startup Wiz rejects $23 billion Google deal

Wiz, a cybersecurity startup, has turned down a $23 billion (£18 billion) takeover offer from Google’s parent company, Alphabet, opting instead for a stock market flotation. This deal would have marked Alphabet’s largest acquisition to date.

iTero Gaming acquired by GIANTX in multi-million deal

Global gaming and esports brand GIANTX (GX) has announced the acquisition of UK startup iTero Gaming, known for its AI coaching solutions for competitive gamers. This acquisition marks a significant milestone for the gaming and technology industries, emphasising the integration of AI in esports.

$1 million up for grabs: Startup World Cup kicks off in Ukraine

EIT Community RIS Hub in Ukraine and Sigma Software Labs, backed by the Ministry of Digital Transformation of Ukraine, have launched the Ukrainian leg of the Startup World Cup competition. The regional winner will advance to the global Grand Finale in San Francisco in October 2024, vying for a $1,000,000 investment prize.

Labour’s fintech pledges promise necessary industry boost

The UK’s recent governmental shift has ushered in significant changes and pledges across various sectors. The Labour party has committed to embracing fintech, aiming to inject £330 billion into the UK economy over the next five years.

The Road to CES 2025 Begins Now

The Consumer Technology Association (CTA), the owner and producer of CES, the world’s most powerful tech event, is paving the way to CES 2025 with its robust fall event schedule, new exhibitors, updated CTA and CES branding—including a new CES website—and acclaimed programming.

CES Unveiled in Amsterdam Partners with European Innovation Council, Showcasing Europe’s Technology

The Consumer Technology Association (CTA), the owner and producer of CES, the world’s most powerful tech event, is announcing a new partnership with the European Commission’s European Innovation Council (EIC) for this year’s CES Unveiled in Amsterdam. This partnership will help identify breakout technologies from across Europe to be showcased at the event taking place in the Beurs van Berlage on October 15, 2024. The Dutch Ministry of Economic Affairs and Climate Policy has also renewed its long-standing partnership with CES Unveiled in Amsterdam to demonstrate the groundbreaking innovations from the Netherlands.

Lightyear launches business accounts

Starting today, UK businesses can take advantage of Lightyear’s new business accounts, enabling them to earn interest and invest their cash through the platform.

UK public concerned about rushed adoption of AI in personalised medicine

New research indicates that 57% of the UK population fears the rapid adoption of AI in personalised medicine is outpacing the necessary training for safe system use. Additionally, 49% are worried about health data protection in this context.

UK innovators achieve milestone in airborne 5G connectivity with successful demo flights

An advanced airborne 5G connectivity system has been successfully integrated into a Britten-Norman Islander aircraft, completing a series of demonstration flights. Developed by Stratospheric Platforms Limited (SPL), a Non-Terrestrial Networks telecoms developer, in collaboration with Britten-Norman, this cutting-edge technology promises to revolutionise wide-scale high-performance 5G coverage.

Global Venture Ecosystem unveils AI investment advisor ‘Claudia’ powered by Anthropic

Axevil Capital, an international digital venture ecosystem facilitating investments in top-tier global tech companies, introduced Claudia, an AI-powered investment advisor.

SoSafe Research: Cybersecurity threats hit five-year peak

New research by SoSafe revealed that 85% of UK security professionals believe the current threat landscape is the toughest it has been in five years, with only 44% hopeful for improvement in the next 12 months. The alarming rise in cybercrime is overwhelming organisations.