uk

London-Based Seedcamp Launches $180 Million Fund to Back European Entrepreneurs
London-Based Seedcamp Launches $180 Million Fund to Back European Entrepreneurs
May 17, 2023  |  Startups

Seedcamp has launched a $180 million fund to back European entrepreneurs. The London-based seed-stage venture capital (VC) fund will use its Fund VI to lead investment...

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UK Neobanks Try Business Rewards Accounts to Win Over Small Businesses
UK Neobanks Try Business Rewards Accounts to Win Over Small Businesses
May 17, 2023  |  Digital-First Banking

From high fees to complex applications and an impersonal service, the business current accounts offered by traditional banks still leave a lot to be desired,...

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Selfridges Launches Pop-up Shop Devoted to Pre-Owned Clothing and Accessories
Selfridges Launches Pop-up Shop Devoted to Pre-Owned Clothing and Accessories
May 16, 2023  |  Retail

Selfridges has launched a pop-up shop at which consumers can resell or restore pre-owned clothing and accessories. The United Kingdom-based luxury department store chain is offering The...

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Pay.UK Says Controlling UK’s Payments Fraud Epidemic Needs More than AI
Pay.UK Says Controlling UK’s Payments Fraud Epidemic Needs More than AI
May 16, 2023  |  Security & Fraud

Over £1.2 billion ($1.5 billion) in the U.K. was stolen through authorized and unauthorized financial fraud in 2022, according to a recently published UK Finance report....

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Smart Raises $95 Million to Expand Retirement Savings Technology Platform
Smart Raises $95 Million to Expand Retirement Savings Technology Platform
May 15, 2023  |  Investments

Smart has raised $95 million in Series E funding to grow its retirement savings technology platform. The London-headquartered FinTech aims to continue to expand globally and...

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UK Records $1.5 Billion in Fraud in 2022
UK Records $1.5 Billion in Fraud in 2022
May 14, 2023  |  Security & Fraud

Fraudsters stole more than £1.2 billion ($1.5 billion) in the U.K. last year, down 8% since 2021. That’s according to new findings from UK Finance, which also concluded...

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Paysend Launches Cross-Border Payments Solution for Small Businesses in US
Paysend Launches Cross-Border Payments Solution for Small Businesses in US
May 11, 2023  |  Cross-border Payments

Paysend has launched its cross-border payments solution for small businesses in the United States. The expanded availability of Paysend Business follows its successful implementation in the United Kingdom in 2022,...

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Revolut CFO Resigns Citing ‘Personal Reasons’
Revolut CFO Resigns Citing ‘Personal Reasons’
May 11, 2023  |  Personnel

Revolut’s chief financial officer has stepped down two years after joining the British FinTech. Mikko Salovaara’s resignation was due to “personal reasons,” a company spokesperson...

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UK Leads US in Retailers Staying Ahead of Instant Payments Game
UK Leads US in Retailers Staying Ahead of Instant Payments Game
May 10, 2023  |  Real-Time Payments

With the rise of online shopping, in-store retailers are under pressure to make innovation in real-time payment alternatives and omnichannel marketing — strengths of eCommerce...

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