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UK Tech Investment News Weekly (36th Edition) - FREE Edition

A total of £539.90 million was raised by 21 technology (including 9 FinTechs) companies over the last
UK Tech Investment News (Weekly)
UK Tech Investment News Weekly (36th Edition) - FREE Edition
By Techcelerate • Issue #10 • View online
A total of £539.90 million was raised by 21 technology (including 9 FinTechs) companies over the last 7 days bringing the total for 2019 to £1.815 billion:
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  1. London based FinTech bank Starling Bank, which offers mobile app based banking services secured £100 million grant funding from RBS.
  2. London based FinTech bank Clearbank, which claims to be the UK’s first new clearing bank in more than 250 years secured £60 million grant from RBS.
  3. London based Fintech company iwoca, which provides debt finance to businesses raised £150 million Series D investment (£20 million in equity funding) from Augmentum Fintech and Prime Ventures and (£130 million in Lending capital from) NIBC Bank.
  4. London based Fintech (debatable) bank Metrobank, which provides high street banking services as well as mobile banking services secured £120 million Grant from RBS.
  5. Cambridge based MarTech company Imagen, which provides a central media platform raised £6.5 million Series B investment from Downing Ventures, Guinness Asset Management and Cambridge Innovation Capital.
  6. London based RecruTech company Beamery, which makes hiring quicker and more efficient raised undisclosed Series B Follow On from Workday Ventures.
  7. Leicester based FinTech company Thin Cats, which provides business loans from £250k to £15m raised £20 million lending capital from British Business Investments (subsidiary of British Business Bank).

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