Santander Targets Tech Startups with 30% Stake in Atempo Growth

Banco Santander is looking for a good time with tech startups in the UK and Europe via the acquisition of a 30% stake in Atempo Growth. London-based Atempo was founded last year and is an independent manager of venture debt, with a relationship management team led by Luca Colciago. He...

Crypto Kind of a Big Deal to Small Businesses

Cryptocurrency has been around since 2009, but with publicity like Elon Musk’s continued endorsement of Dogecoin and Crypto.com renaming Los Angeles’s Staples Center to the Crypto.com Arena, it's become one of the latest hot topics in popular culture. With that mainstream relevance, however, has come a steady decline in the...

Eight Tech Companies in Glasgow to Watch

Late last year, we wrote about eight fintech companies in Glasgow to keep an eye on. In 2022, we’re staying in the largest city in Scotland but expanding our vision to a broader look at the general tech scene. As with the fintech scene, there’s a lot to love about...

Cambridge & Counties Bank Chooses nCino Cloud System

Leicester-based specialist lender Cambridge & Counties Bank has selected nCino’s cloud banking and digital solutions for its back-office lending infrastructure.  Cambridge & Counties Bank was founded in 2012 and provides solutions in property finance, asset finance, classic car finance and savings. According to nCino, via its digital platform commercial brokers and...

Innovate UK Launches £5m Fintech Competition for Climate Change Solutions

Innovate UK has opened a £5 million Small Business Research Initiative (SBRI) competition to find financial services solutions that address the issue of climate change. The fintech-themed competition will fund projects that bring climate and environmental risk analytics into the everyday practices of financial services. The competition will also trial...

Thought Machine Bags Core Banking Deal with Lunar

London-based fintech entity Thought Machine is probably over the moon as it has secured a deal with Lunar to modernise its core banking system. Lunar, a fintech company based in Denmark, will use Thought Machine’s core banking engine, Vault, to power its financial services offering in the Nordic region. Ken Villum...

Wayve and WealthKernel Get Funding Fuel

Two different tech firms, but in one big city. Wayve and WealthKernel have picked up funding in London. Wayve, a startup that offers artificial intelligence (AI) software for self-driving cars, announced its $200 million (£147 million) Series B round. WealthKernel, a provider of digital investment services and infrastructure, revealed its Series...

How Bonded Stablecoins Can Put Decentralisation Back into DeFi

One of the overlooked misnomers of Decentralised Finance (DeFi) is that for all the technology enables peer-to-peer transactions free from intermediaries, many aspects remain dependent on centralised service providers and old-world finance. DeFi provides financial services without centralised intermediaries, by operating through automated protocols on blockchains. Many popular stablecoins however...

Microsoft Unveils AI for Environmental Sustainability Accelerator

Green things are on the menu as Microsoft is calling for UK startups that are tackling environmental challenges to join its new accelerator programme.  The AI for Environmental Sustainability Accelerator, which has been launched in partnership with The Met Office and Social Tech Trust, will help companies with a product...

Eight Roads Leads Funding in Juro and 7bridges

London tech firms have started the week well with contract automation platform Juro and AI-powered logistics platform 7bridges getting funding. Juro has raised $23 million (£16.8 million) in a Series B round, led by Eight Roads. 7bridges has secured $17 million (£12.4 million) in a Series A funding round, also led...