Sipay, the rapidly scaling Turkish fintech specialising in embedded finance and payment solutions, has raised $78 million in a Series B funding round, pushing its valuation beyond $875 million. The round was led by US-based venture capital firm Elephant VC, with support from QuantumLight, the investment firm founded by Revolut CEO Nik Storonsky. Recognised as […]
The Hollywood owners of Wrexham AFC, Ryan Reynolds and Rob McElhenney, are on the hunt for new investors as they continue their ambitious push to take the North Wales football club into the Premier League. Despite on-pitch success and soaring international interest — fuelled in part by the hit docuseries Welcome to Wrexham — the […]
The Isle of Man Government has announced the 15 finalists for its Innovation Challenge 2025, spotlighting cutting-edge solutions from a global cohort of tech entrepreneurs working across Fintech, Cleantech, and Data & AI. Now in its latest iteration, the Challenge attracted over 100 entries from around the world, including submissions from India, Brazil, South Africa […]
Gold prices surged to a record high this week, capping the strongest quarterly rally in nearly three decades, as investors seek protection from mounting global economic uncertainty fuelled by President Trump’s aggressive US trade tariffs. On Tuesday, the precious metal climbed another 1.2 per cent to $3,120.20 per ounce, setting a new all-time high. Gold […]
Frasers Group has voted to block Boohoo’s attempt to change its holding company name to Debenhams, escalating a long-running feud between the UK retail giants. The move, led by Mike Ashley’s group, which owns a 27 per cent stake in Boohoo, effectively prevented the resolution from passing at a general meeting on Friday. The motion […]
WH Smith, one of the UK’s oldest and most recognisable retail brands, is set to vanish from the high street after 233 years following the sale of its high street division to Modella Capital for £76 million. The historic books and stationery chain, established in 1792, has sold its entire portfolio of 480 UK high […]
Polaron, a spin-out from Imperial College London, has developed a groundbreaking AI solution that reduces the time needed to create advanced materials—from years to mere days. This innovation could transform the production of materials used in wind turbines, electric vehicle batteries, and infrastructure, supporting the UK’s push for economic growth and net-zero targets. Polaron’s AI […]
Bernie Ecclestone has achieved a record-breaking sale with the disposal of his renowned fleet of historic grand prix and Formula One cars, believed to be worth around half a billion pounds. The 94-year-old former Formula One supremo, who amassed these vehicles over five decades, sold the entire 69-car collection to Mark Mateschitz, son of the […]
Cashflow management platform Lenkie has announced £49 million in fresh Series A funding—comprising £4 million in equity and a £45 million debt facility—to boost its payables financing solution for UK SMEs. Led by a major US private credit fund, the round aims to tackle a reported £22 billion shortfall in UK SME funding as banks […]
Seedable Studio, a Cardiff-based digital solutions company, has officially launched with £100,000 in seed funding from investors David Jones (the originator of Grand Theft Auto) and Stuart Little, a net-zero entrepreneur. The investment will fuel the company’s main focus: developing sustainable digital products with gamification elements. Led by Lowri Humberstone-Hill, Melin Edomwonyi and Perry Rylance, […]