Activist investor Elliott pumps another £20m into British start-up bank Chetwood By Emma Dunkley, Financial Mail On Sunday Published: 16:50 EDT, 24 July 2021 | Updated: 17:23 EDT, 24 July 2021 Activist investor Elliott has pumped another £20million into British start-up bank Chetwood. The latest investment from the New York-based hedge fund takes its stake … Read more
Visa to buy Swedish fintech start-up Tink for nearly £2bn: Payments giant snaps up open banking platform after being forced to abandon similar deal Visa is buying Swedish fin-tech Tink for $2.2bn Tink develops technology to allow fintechs to connect to customers from different financial institutions It comes after Visa was forced to abandon its … Read more
Technology start-up backed by fashion mogul Tom Singh to raise £10m for expansion after securing major clients By Neil Craven, Financial Mail on Sunday Published: 21:50 BST, 12 June 2021 | Updated: 21:50 BST, 12 June 2021 A London technology start-up backed by fashion mogul and New Look founder Tom Singh plans to raise around … Read more
Are you ready for driverless deliveries and ‘kerb-to-kitchen’ robots? Ocado to invest £10m in AI start-up Oxbotica Ocado will pump £10m into driverless vehicle software company Oxbotica The first prototypes for driverless vehicles are expected to be ready in two years But they will be used in its warehouses first rather than to make home … Read more
Britain’s banks have been accused of ‘sending a terrible message’ to entrepreneurs by leaving new business account customers out in the cold. Many High Street giants stopped offering business accounts at the start of the pandemic, claiming they wanted to focus on existing customers. But while some have finally started accepting applications again, wildly divergent … Read more
Made In Chelsea star Spencer Matthews raises £7m for low-alcohol drinks start-up CleanCo By Daily Mail City & Finance Reporter Published: 21:51 GMT, 18 January 2021 | Updated: 21:51 GMT, 18 January 2021 Reality TV star Spencer Matthews has bagged £7million of investment for his low-alcohol spirits business CleanCo. Matthews, who appeared in Made In … Read more
Fintech start-up Lanistar drops celebrity backer claims after 3,000 Instagram influencers were paid to promote its debit card Lanistar signed up footballer Kevin de Bruyne and Love Island’s Amber Gill It claimed to be ‘part-owned’ by ‘influential people’ in its launch campaign But the company has since dropped those claims Lanistar could not say how … Read more
Space exploration is expensive, and NASA is always looking for ways to economize. The US space agency will be saving some big bucks by paying a Colorado startup just $1 to collect soil samples from the moon. The company, Lunar Outpost, has agreed to send a rover to the lunar South Pole in 2023 to … Read more
FCA takes down Lanistar warning notice after the fintech firm pledges to make clear debit card marketed by influencers won’t launch until January Lanistar launched a viral marketing campaign last week to drum up interest It claimed its debit card would be the ‘world’s most secure’ The FCA warned last Wednesday it was operating without … Read more
A fintech start-up which paid more than 3,000 influencers including Premier League footballers and Love Island stars to promote a debit card it claimed would be ‘one of the world’s most secure’ has been accused by the financial regulator of peddling its products without authorisation. The Financial Conduct Authority issued a warning about Lanistar, which … Read more