TrueLayer Acquires Dutch Fintech In3 to Offer Credit at Checkout
UK‑based payments fintech TrueLayer has acquired Dutch credit‑specialist In3 to add buy‑now‑pay‑later and other credit options to its open‑banking platform. The deal, terms undisclosed, expands TrueLayer’s pay‑by‑bank network—currently focused on debit—to become Europe’s only provider offering both debit and credit at checkout. TrueLayer processes over $150 billion in annualised payment volume and serves merchants such as Amazon, Just Eat Takeaway and Coinbase. The acquisition positions the company as a potential independent alternative to Visa and Mastercard in Europe.
Atheni Secures £350K to Help Teams Use AI More Effectively
Atheni, an AI‑adoption startup, raised £350,000 (approximately $450,000) from angel investors including Alex Chesterman OBE and backing from Innovate UK. The capital will fund the Atheni Accelerator, a browser‑based platform that delivers role‑specific guidance for tools such as ChatGPT, Claude...
Monzo Mobile to Reward “Staying, Not Switching”
Monzo announced it will enter the mobile‑phone market with Monzo Mobile, a set of eSIM‑based contracts built on the Virgin O2 network. The service, launching this summer, offers three plans priced at £8, £12 and £20 per month (approximately $10,...
Marvelous and Joachim Herz Foundation Launch €20M Deeptech Fund to Bridge Germany’s Commercialisation Gap
The Joachim Herz Foundation and Berlin‑based Marvelous have launched the Marvelous Scito Fund, a €20 million (~$22 million) deep‑tech vehicle aimed at closing Germany’s commercialization gap. German venture capital has slumped from $24.7 billion in 2021 to $9.8 billion in 2025, and a projected...
Go Swag Raises $5M to Expand Global Gifting Platform
Go Swag, a Glasgow‑based corporate gifting platform, secured $5 million in a Series A round led by Mercia Ventures, bringing its total funding to $6.2 million. The company leverages AI‑driven product curation, logistics automation, and a network of warehouses in the UK, the...
Interview: Oliver Prill, CEO of London Fintech Unicorn Tide
Oliver Prill, the modest‑mannered CEO of London‑based fintech Tide, highlighted the company’s milestone of reaching two million business customers in under a decade. Tide generated £190 million (≈$242 million) in revenue in 2024 but posted a £26 million (≈$33 million) loss, while its UK...
Pacifico Biolabs Raises €7M to Turn Brewery Infrastructure Into Protein Production
PacificoBiolabs announced a €7 million Series A round—about $7.6 million—backed by Stray Dog Capital and other investors. The company leverages existing beer‑brewery fermentation tanks to produce mycelium‑based protein, sidestepping the high cost of purpose‑built bioreactors. With European breweries facing declining beer sales, Pacifico...
Certo Raises $4M for AI-Powered Consumer Goods Compliance Platform
Certo, an AI‑driven compliance platform for beauty and consumer‑goods firms, announced a $4 million seed round led by Daphni. The funding will accelerate product development and support expansion across Europe and the United States. Certo’s software automates ingredient, formula, labeling and...
Efferon Secures €2.5M to Grow Blood Purification Platform
Efferon, a biotech firm specializing in hemoadsorption devices, closed a €2.5 million (~$2.7 million) seed round led by DACH‑region investors. The capital will fund a new EU manufacturing site and scale the commercial rollout of its Efferon LPS cartridge for sepsis and...
Starling’s SaaS Business Sees Revenue Lift but Group Profits Dip
Starling Bank posted a 3% drop in pre‑tax profit to £217 m ($276 m) and revenue fell to £887 m ($1.13 bn) for the year to March 2026, mainly because lower interest rates cut interest income. Transaction volume rose to £216.7 bn ($275 bn) and average deposits...
ICEYE Secures €300M Credit Facility to Scale Sovereign Satellite Intelligence
ICEYE, the Finnish space‑tech firm that operates the world’s largest synthetic‑aperture‑radar (SAR) satellite constellation, has secured a €300 million (≈$327 million) three‑year revolving credit facility. The facility, syndicated by seven banks across Nordic, regional and global markets, will back guarantees for sovereign...
AI Model "Capability Overhang" Biggest Challenge Facing European Businesses, Says OpenAI Revenue Chief
OpenAI’s enterprise vice‑president Ashley Kramer says European firms are moving from AI pilots to full‑scale integration, but a “capability overhang” hampers their ability to extract value from rapidly advancing models. Enterprise customers now account for more than 40% of OpenAI’s...
Quantum Bridge Technologies Bags $8M Series A to Scale Quantum-Safe Cybersecurity Infrastructure
Quantum Bridge Technologies announced an $8 million Series A round led by Primo Capital to accelerate its quantum‑safe cybersecurity platform. The company’s patented Distributed Symmetric Key Establishment (DSKE) protocol provides decentralized key management that can be layered onto existing networks...
QuberTech Raises £3.4M to Develop Sustainable Natural Rubber From Engineered Dandelions
QuberTech, a UK biotech firm, raised £3.4 million (about $4.3 million) in grant and equity funding to fast‑track its engineered‑dandelion platform for sustainable natural rubber. The company uses precision‑breeding and controlled‑environment agriculture to grow high‑yield dandelions that produce natural rubber and other...
Neurosoft Bioelectronics Raises $7.5M for Scalable Brain-Computer Interfaces
Neurosoft Bioelectronics announced a $7.5 million seed round, bringing its total capital to over $20 million. The Swiss‑based firm is developing soft, stretchable electrodes that can access the entire cortex without penetrating brain tissue. It has already tested its technology in ten...