Confirmed: UK challenger bank Monzo raises \u00a319.5M with another \u00a32.5M in crowdfunding planned
Monzo, one of a number of so-called “challenger” banks in the U.K. aiming to re-invent the current account, has disclosed a new funding round. Confirming most of the details from our report earlier this week, the startup has raised £19.5 million from U.S.-based Thrive Capital, London’s Passion ..
Monzo, a UK digital-only bank, is closing in on new funding led by US-based Thrive Capital
Updated article to clarify the pending round is a Series C Updated again with info that British pop star Tom Odell may also be investing Monzo, one of a number of new digital-only, or so-called “challenger,” banks in the U.K. aiming to re-invent the current account, is closing in on new Series C funding, ..
Ideal Flatmate wants to be a matchmaking platform for UK flatshares
Londoners in the unfun position of needing to find a new flatmate — and lacking the easy options of friends or family to move in with — can get a little algorithmic help from a UK startup with the no-frills name of Ideal Flatmate. The startup is applying dating-style personality matchmaking to try to make it ..
Nextdoor to acquire \”assets\” of UK local social network Streetlife
In what is being billed as a “multi-million pound” acquisition, San Francisco-headquartered Nextdoor is purchasing the “assets” of U.K. local social network Streetlife. The deal, of which further details are scarce, will see Streetlife’s 1.5 million registered users invited to sign up to Nextdoor’s ..
Deliveroo begins UK trial of subscription service for restaurant food delivery
Restaurant food delivery company Deliveroo has begun trialing a subscription service in the U.K. — presumably targeted at its most frequent and loyal customers. Dubbed ‘Deliveroo Plus’ and only available to existing customers, the new option sees Deliveroo waive its £2.50 per delivery fee in favour ..
Trouva brings UK boutiques online
How do local boutiques compete with the Amazons of the world? The easy answer is they don’t. When you shop for quality and design over cheap and easy, it’s a different market entirely. But the popularity of online retail has created a need for boutiques to have a presence online. London startup Trouva is ..
Three UK suffers major data breach via compromised employee login
Update: Three has now said it believes information was obtained from a total of 133,827 customer accounts — and has confirmed that “no bank details, passwords, pin numbers, payment information or credit/debit card information was stored on the upgrade system in question”. “We believe the primary ..
UK spy agency-backed cyber security incubator picks first seven startups
A GCHQ-backed startup incubator has opened its doors in the UK, announcing its first cohort of seven startups participating in the three month accelerator program (see below for the list of teams). The GCHQ Cyber Accelerator initiative was announced by the government in September, as a tie up between ..
Babylon Health partners with UK’s NHS to replace telephone helpline with AI-powered chatbot
Babylon Health, the U.K. startup that offers a digital healthcare app via a mixture of artificial intelligence (AI) and video and text consultations with doctors and specialists, has scored a potentially significant trial with the National Health Service (NHS). Working with a number of health authorities ..