Pockit has acquired FinTech Monese after HSBC wrote off its investment in the app-based bank. The deal creates a combined customer base of 3m and £30m in annual revenue.
Category: Get Funded
Former Tesco chief invests in ‘spotify for textbooks’ platform perlego with $20m funding round
Education tech company Perlego secures $20m investment led by ex-Tesco boss Sir Terry Leahy, aiming to expand its digital library platform globally and develop AI-powered tools.
Private equity firms target Evelyn Partners’ accountancy division despite regulatory concerns
Private equity firms, including Apax, are eyeing Evelyn Partners’ accountancy unit, valued at over £500M, amid regulatory scrutiny of private capital’s influence in the UK audit market.
ALL.SPACE secures $44m funding to advance satellite communications technology
ALL.SPACE, an advanced communications firm known for its cutting-edge technology used in military operations, has raised $44m (£33m) in a new funding round led by defence-focused investment firm Boka Group, which recently appointed former UK defence secretary Ben Wallace as a partner.
Innovate UK urged to shift focus from grants to strategic investments in tech firms
Cambridge University’s Ewan Kirk calls for Innovate UK to shift focus from grants to equity investments in strategic tech firms, as Stella Peace takes over as interim executive chair.
Businesses backed by private equity face heightened default risks, warns Bank of England
Private equity-backed businesses face increased default risks compared to other large firms, according to the Bank of England. Research shows these companies are more reliant on risky debt markets and are vulnerable to higher interest rates.
Wealthy investors flock to start-ups for tax breaks amid looming capital gains tax raid
Wealthy investors are pouring money into start-ups through SEISs to halve capital gains tax bills before an expected tax hike in the budget. Learn how tax relief schemes are driving this investment boom.
Apprentice winner Dr Leah Totton and Lord Sugar secure multi-million pound payout after selling majority stake in cosmetic clinics
Dr Leah Totton and Lord Alan Sugar secure a multi-million pound payout after selling a majority stake in their cosmetic clinic chain to private investment group AAP. Learn more about the deal and future plans.
Funding Circle co-founder Samir Desai to leave board, marking end of an era
Samir Desai, co-founder of Funding Circle, will step down from the board, ending the involvement of the original founders. The small business lender aims for profitability under new leadership.
Raspberry Pi shares surge after strong first update since flotation
Raspberry Pi reports stronger-than-expected profits and a 61% sales increase in its first update since floating on the London Stock Exchange. The microcomputer maker’s shares surged as it eyes further growth with new AI and cloud products.
Trinny London secures £15m growth funding to fuel expansion plans
Trinny Woodall’s beauty brand, Trinny London, has secured a £15 million funding boost from Aurelius Finance Company (AFC), a private debt provider, as part of its ambitious growth strategy.
BlackRock and Microsoft to Launch $100bn AI Infrastructure Fund
BlackRock and Microsoft team up to launch a $100bn AI infrastructure fund, focusing on data centres and energy infrastructure to support the booming AI sector.
Deliveroo CEO Will Shu sells £15m worth of shares after company’s first profit
Deliveroo CEO Will Shu sells £15 million of shares after the company’s first profit, citing personal property investments. Learn more about the impact on the company and its financial outlook.
Over £2m invested in UK niche vehicle projects to drive zero-emission technology
The Niche Vehicle Network has awarded over £2 million to six UK projects focused on zero-emission vehicle technologies, including £1 million in government funding. Discover how these innovative projects aim to transform the UK niche vehicle sector.
ASOS sells majority stake in Topshop and Topman for £135m as iconic brands set to relaunch
ASOS sells a 75% stake in Topshop and Topman to Heartland for £135m, with plans to relaunch Topshop.com within six months and expand the brands globally.
