uk

Asda and Wayve Team to Test UK Driverless Grocery Delivery
Asda and Wayve Team to Test UK Driverless Grocery Delivery
April 17, 2023  |  Retail

Asda has launched what it calls the U.K’s largest driverless grocery delivery trial. The supermarket chain has teamed with autonomous vehicle technology startup Wayve to deliver groceries to...

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Floodlight Raises $6.4 Million for ‘Smart Business Account for eCommerce’
Floodlight Raises $6.4 Million for ‘Smart Business Account for eCommerce’
April 17, 2023  |  Investments

Floodlight has raised $6.4 million in a seed round to expand its “smart business account for eCommerce.” The United Kingdom-based company’s account enables eCommerce small-...

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THG Reportedly Receives Acquisition Proposal From Apollo Global Management
THG Reportedly Receives Acquisition Proposal From Apollo Global Management
April 17, 2023  |  Retail

THG has reportedly received a non-binding acquisition proposal from Apollo Global Management. The British online retail platform said the private equity firm has until May...

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Women and Millennials Lead UK’s Digital Shopping Transformation
Women and Millennials Lead UK’s Digital Shopping Transformation
April 14, 2023  |  Merchant Innovation

Digital features are crucial to winning over the United Kingdom’s tech-savvy shoppers — and merchants know it. We find that U.K. merchants go out of...

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UK Small Business Adoption of Open Banking Surges, Surpassing Consumer Use
UK Small Business Adoption of Open Banking Surges, Surpassing Consumer Use
April 12, 2023  |  Digital Banking

As of January this year, about 10% of U.K.’s population is using open banking services. The number of active users crossed the 7 million mark around the...

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UK Considers Speedier Depositor Payouts and Other Deposit Protections
UK Considers Speedier Depositor Payouts and Other Deposit Protections
April 12, 2023  |  Banking

The United Kingdom is considering changes around deposit insurance, especially in smaller banks. Noting that the United States is doing the same, Bank of England...

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EU Early-Stage Startups Benefit From VC Dry Powder
EU Early-Stage Startups Benefit From VC Dry Powder
April 07, 2023  |  Startups

In a challenging macroeconomic market that has led to a sharpened focus on belt-tightening, FinTech firms are under mounting pressure from investors to pivot from...

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Rodeo Raises $5 Million for ‘Operating System’ for Gig Workers
Rodeo Raises $5 Million for ‘Operating System’ for Gig Workers
April 06, 2023  |  Investments

Rodeo has reportedly raised $5 million for its “operating system for gig economy workers.” The London-based company was founded in 2021 and its app has...

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NatWest’s Journey to API-Enable All Customer Payments Journeys
NatWest’s Journey to API-Enable All Customer Payments Journeys
April 05, 2023  |  API

The use of application programming interfaces (APIs) in banking is growing, making it critical for financial institutions to develop a strong API strategy to integrate...

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