Do the activities and investments of the big 5 tech giants (FAMGA – Facebook, Amazon, Microsoft, Google, Apple) have much relevance to startups in the UK looking for product/market fit? Apart from offering aspirational examples of what is possible if that fit is achieved and scaled accordingly, it is often difficult to find applicable lessons. However, the release of research … [Read more...] about What can startups learn from Big Tech investments?
Tech.eu in association with Finstar has released a new report, The State of Fintech in Europe. Tech-eu will also be running an event on 10 February to discuss updated findings for this research as well as the impact of COVID-19 on the sector. From a UK perspective, some of the highlights of this 44 page report include: European fintech companies raised a total of €3.52 billion … [Read more...] about What is the state of European fintech?
proSapient's SaaS platform for managing and leveraging expert networks in the financial and consultancy fields moved to the next level yesterday by raising $10m in a Series A round. Led by Smedvig Capital, the investment will be used by proSapient to expand its international presence. According to the company's website: "proSapient’s research platform allows you to gather … [Read more...] about proSapient raises $10m in Series A investment round
Grocery delivery company, Weezy has raised $20m (£14.7m) in Series A funding led by Left Lane Capital. The firm offers 15 minute deliveries and will use the investment to expand across London and the UK. Co-founder, Kristof Van Beveren makes the case for Weezy's fast delivery promise: "People are no longer happy to wait around for deliveries, and there is strong demand for a … [Read more...] about Weezy gets second wind from $20m investment
Beauhurst have released analysis showing the top 50 fintech startups and scaleups to watch in 2021. According to Beauhurst's data, a total of 1,373 fintechs have hit at least one of their 8 tracking triggers since 2011. Between them these firms have raised £14.9bn in equity funding. 71% of those firms still operating are based in London. The top 20 from Beauhurst's list of 50 … [Read more...] about UK’s top 50 fintech startups and scaleups in 2021