Cash injection for financial wellbeing specialist Wagestream
UK based, Wagestream, has successfully raised £17.5m in new funding for its financial benefits proposition. The cash injection was provided by a variety of investors including British Patient Capital, Lombard Odier Investment Managers, and existing backer Northzone. Wagestream’s app-based proposition, which is aimed at both companies and individuals, provides a variety of budgeting tools, including […]
Version 1 acquires Farsight Consulting
Version 1 has announced it has acquired Farsight Consulting, helping enhance its digital transformation and design expertise across the public sector. The London-based consultancy company was founded in 2010. It provides a suite of services covering digital, cloud, technology, analysis, business transformation and delivery. Farsight currently generates revenue of c.£17m, with the majority of its […]
Process management demand drives 15% growth for Crimson Tide
AIM listed process management app supplier Crimson Tide reported strong double digit revenue growth for FY23, including important wins in utilities and healthcare. UK based Crimson Tide is the provider of mpro5, a process management app which aims to improve the efficiency of staff working & capturing data out in the field (whether that is […]
Phlo raises £9m to extend digital pharmacy services
Phlo has raised £9m in a funding round led by Par Equity with participation from Thairm Bio and Scottish Enterprise. It follows a £10m Series A round in February 2023, which was led by Thairm Bio with participation from Scottish Enterprise and angel investors, and a £2m crowdfunding campaign in 2020. The Glasgow-based business was […]
KPMG lands £8.5m NHS contract
NHS England has hired KMPG to help drive the rollout of the Federated Data Platform (FDP). The call-off agreement is worth £8.5m over the next 24 months and it will see the Big Four player work with NHSE, trusts and ICBs to both develop and execute strategies to promote the adoption of nationally provided solutions, […]
Wise delivers strong growth as customer volumes swell
UK fintech Wise plc, (formerly Transferwise) has released a trading update highlighting the company’s impressive, sustained growth in revenue during its most recent fiscal. For the twelve months ended 31 December 2023 the company’s total revenue grew by 24.3% to reach £1.052bn. Wise has been successful in continuing to attract new customers and during FY23 […]
Investment analytics provider Bridgewise raises $21m
Tel-Aviv and London-based Bridgewise, a platform provider of AI-based analysis for global securities, has raised $21m in a funding round led by SIX Group with participation from Group11 and L4 Venture Builder. A quick look on the Bridgewise website reveals a company promising “AI Analysis of any Global Security, in any Language” working on the theory that most […]
Temenos exonerated by independent review
The results of an independent review have exonerated Swiss banking software provider, Temenos, following unsubstantiated accusations made against it. The move follows an attack launched on the company by prominent short-seller, Hindenburg Research. The most serious of Hindenburg’s accusations related to alleged accounting and revenue recognition practices, whilst the firm has also sought to highlight […]
Strong growth as suitors eye Equals
AIM-listed SME payment platform provider, Equals Group plc, has published its latest annual results, revealing a year of strong growth for both revenue and profitability. Revenue for the twelve months ended 31 December 2023 was up 37% to £95.7m whilst profit after tax more than doubled to reach £7.7m. Underlying transaction values saw Equals’ Solutions […]
Qureight raises £6.8m for AI medical data analysis
Cambridge based life sciences startup Qureight has raised £6.8m ($8.5m) in Series A funding for its AI driven data platform helping to accelerate drug development. Founded in 2018 and headquartered in Cambridge, Qureight is initially targeting clinical trial imaging analysis and data curation in lung and heart disease. Its platform is used by NHS foundation […]