uk

UK Launches FinTech Fund Backed by Mastercard and Barclays
UK Launches FinTech Fund Backed by Mastercard and Barclays
August 16, 2023  |  Startups

The United Kingdom has taken a significant step to bolster its position as a global FinTech investment hub by launching a £1 billion investment fund,...

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PayPal to Pause UK Cryptocurrency Sales to Meet Regulatory Changes
PayPal to Pause UK Cryptocurrency Sales to Meet Regulatory Changes
August 16, 2023  |  Cryptocurrency

PayPal will reportedly place a temporary halt on cryptocurrency sales for its U.K. customers starting from October. This decision comes as the company aims to...

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Moove Raises $76 Million to Provide Financial Services for Mobile Gig Workers
Moove Raises $76 Million to Provide Financial Services for Mobile Gig Workers
August 10, 2023  |  Gig Economy

Moove has secured $76 million in new funding to expand its financial services platform for mobility gig workers. The new funding consists of $28 million in...

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Crypto Trading Firm Bakkt Expands International Reach
Crypto Trading Firm Bakkt Expands International Reach
August 10, 2023  |  Cryptocurrency

Cryptocurrency company Bakkt Holdings is expanding its reach into five new international markets — Latin America, the United Kingdom, the European Union, Hong Kong and Australia —...

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UK Retailer John Lewis Launches $127 Million Google Cloud Partnership
UK Retailer John Lewis Launches $127 Million Google Cloud Partnership
August 09, 2023  |  Retail

British department store company John Lewis Partnership is the latest retailer investing in artificial intelligence (AI). The company has undertaken a 100 million pound (about $127 million) partnership with Google...

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Cazoo Reports 29% Drop in Used Car Sales Amid ‘Meaningful Progress’ in H1 2023
Cazoo Reports 29% Drop in Used Car Sales Amid ‘Meaningful Progress’ in H1 2023
August 01, 2023  |  Earnings

British online auto marketplace Cazoo has reported upbeat second quarter and first half 2023 financial results, months after completing its withdrawal from European businesses to concentrate exclusively on its U.K....

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UK FinTech Tide Adds Accrual-Based Accounting to Platform
UK FinTech Tide Adds Accrual-Based Accounting to Platform
August 01, 2023  |  B2B Payments

Tide, a United Kingdom FinTech, has added accrual-based accounting to its digital business finance platform for small- to medium-sized businesses (SMBs). This addition to the Tide...

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As Hybrid Work Impacts Urban Retail, London Looks to Offer Rent-Free Shops
As Hybrid Work Impacts Urban Retail, London Looks to Offer Rent-Free Shops
July 31, 2023  |  Retail

During the pandemic, many fled the city to live the suburban life. Today, urban commercial real estate companies are struggling to fill their spaces with...

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CMA: Amazon Commits to Fair Competition in UK Marketplace
CMA: Amazon Commits to Fair Competition in UK Marketplace
July 26, 2023  |  ANTITRUST

The United Kingdom’s Competition and Markets Authority (CMA) said Amazon has committed to ensure fair competition in its marketplace. To level the playing field, the online retail giant has...

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