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18th November 2020

‘Fintech for good’ incuto raises £1.75m for credit union platform

A  ‘fintech for good’ start-up which has developed a banking platform for credit unions and community banks has completed a £1.75m funding round.  incuto has secured investment from NPIF – Mercia Equity Finance, which is managed by Mercia and is part of the Northern Powerhouse Investment Fund (NPIF); the government’s Future Fund; Ascension Ventures’ Fair By Design Fund; and the North East Innovation Fund, supported by the European Regional Development Fund and managed by Northstar Ventures.

18th November 2020

Maven exits Symphonic Software investment with 2.9x realisation

Maven Capital Partners has realised its VCT investment in Edinburgh-based Symphonic Software (Symphonic) through a sale to PING Identity, a NYSE listed company which delivers Intelligent Identity solutions for enterprise. The exit from Symphonic, Maven’s fourth VCT realisation of 2020, has delivered an impressive 2.9x money multiple return and 90% IRR for investors.

18th November 2020

Research shows how UK retail investors responded to COVID stock market falls

New research (1) from behavioural finance experts Oxford Risk, reveals that during the early stages of the COVID-19 crisis when stock markets fell sharply, 8% of people with savings and investments either sold some of their investments or took their money out of the stocks markets. 

18th November 2020

Nozzle.ai raises $2.6m to accelerate adoption of AI platform

Nozzle.ai, an eCommerce and advertising optimisation platform for Amazon, has raised $2.6 million (£2 million) in funding from Parkwalk Advisors, The Angel CoFund (ACF), UCL Technology Fund (UCLTF), and a syndicate of eCommerce-expert angel investors. The funding will accelerate the company’s growth as it attracts major international brands and agencies to its proprietary AI platform.

17th November 2020

Crane Ventures leads £2.2m seed funding for Paid

Paid has launched to help enterprises transform supplier management with its next-generation procurement platform. Paid raised £2.2m in a seed funding round led by top early-stage tech investors Crane Venture Partners, along with participation from Seedcamp, Techstars and notable angel investors, including Angel Invest Ventures’ Jens Lapinski, GoCardless and Nested Founder Matthew Robinson, Outrun Ventures founder Chris Adelsbach (in a personal capacity), and former Microsoft head of corporate strategy Charles Songhurst. 

17th November 2020

AI enabled translation platform TAIA raises €1.2m seed funding

Translation platform TAIA, has raised a further €1.2 million in seed funding from venture capital fund Fil Rouge Capital, to expand into the United Kingdom, Europe and the USA with its revolutionary software which bridges the gap between translation agencies and Google Translate.

17th November 2020

MarketFinance makes appointments following £10m grant award

Fintech business lender MarketFinance has appointed The Rt Hon. Baroness Susan Kramer and entrepreneur Shalini Khemka to the MarketFinance Grant Supervisory Committee. These appointments follow a £10m grant from the Capability and Innovation Fund. The grant will be used to bring more choice and competition to the business lending industry.

17th November 2020

British Patient Capital responds to UK Venture Capital Financial Returns Report

Judith Hartley, CEO, British Patient Capital said: “The latest report from the British Business Bank, UK Venture Capital Financial Returns, builds on the findings of last year’s report, and for the first time gives analysis of UK fund manager performance by investment stage, size of fund and location of fund manager. It is an important contribution to increasing the understanding of the asset class.

17th November 2020

Restart the Future to creating 1000 startups & boost Sweden’s economy

Fourteen of Sweden’s leading companies have come together to form Restart the Future, a one-year initiative to help build 1000 new companies, 

16th November 2020

How Entrepreneurialism Can Drive the UK’s Economic Recovery

Paul Beach, Head of Executives and Entrepreneurs at Arbuthnot Latham gives his perspective on the leading role entrepreneurs can play in driving the UK’s economic recovery.

16th November 2020

Hospitality leaders urge Chancellor to use tax relief to ‘save the industry’

Changes to EIS and SEIS schemes ‘could boost private investment in the sector and provide alternative to government loans’.

16th November 2020

Online product discovery platform Product Guru raises £330,000

Online product discovery platform, Product Guru, has secured funds of £330,000 to disrupt the traditional retail buying process by re-inventing how products end up on shelves.

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