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Author: Steve O Hear

Used car marketplace Motorway picks up £11M Series A

Motorway, the U.K. used car marketplace, has raised £11 million in Series A funding. Leading the round is Marchmont Ventures, the fund managed by Hugo Burge and Alan Martin (the former CEO and CFO of Momondo Group, respectively), along with participation from existing backer LocalGlobe. Founded by the team behind Top10 — the mobile and broadband comparison site that exited to uSwitch in 2011...

Monzo, the UK challenger bank, raises £113M Series F led by YC’s Continuity fund at a £2B post-money valuation

Monzo, the fast-growing U.K.-based challenger bank with more than two million account holders, has raised £113 million (~$144m) in additional funding. Confirming TechCrunch’s scoop in April, the Series F round is led by Y Combinator’s “Continuity” growth fund, and gives the company a new £2 billion (~$2.5b) post-money valuation. That’s double the £1 billion valuation ...

Echo, the medication management app, has been acquired by LloydsPharmacy-owner McKesson

Echo, the U.K. startup that offers an app to help you manage your medication and order repeat prescriptions for delivery, has been acquired by healthcare company McKesson, owner of LloydsPharmacy. Terms of the deal remain undisclosed. However, I understand the buyout sees all of Echo’s existing investors exit, with McKesson becoming the majority shareholder and the remaining shares divided a...

Cleo, the London-based finech, has quietly taken debt financing from US-based Triplepoint Capital

Cleo, the London-based “digital assistant” that wants to replace your banking apps, has quietly taken venture debt from U.S.-based Triplepoint Capital, according to a regulatory filing. The amount remains undisclosed, though I understand from sources that the figure is somewhere in the region of mid-“single digit” millions and will bridge the gap before a larger Series B round later th...

After Loot runs out of cash, founder and 17 team members join RBS’ digital bank Bó

Ollie Purdue, the founder of Loot, the current account aimed at millenials that went into administration last month after running out of cash, is joining Bó, the digital bank being developed by RBS-owned Natwest, TechCrunch as learned. He’ll take up the position of Chief Product Officer and will lead product development for the new brand, reporting to Bó CEO Mark Bailie. I understand that Pu...

Monzo, the UK challenger bank with over 2 million users, expands to the US

Monzo, the U.K. challenger bank with more than two million customers and a unicorn valuation to go with it, has formally announced its U.S. expansion. The tentative move — which TechCrunch exclusively reported was underway five months ago — will see a U.S. Monzo app and connected Mastercard debit card made available via in-person signups at events to be held soon. The roll-out will ini...

Emma, the London-based money management app, launches in the US and Canada

Emma, the U.K. money management app (now calling itself your “best financial friend”), has launched in the United States and Canada — and is now one of a plethora of London fintechs venturing states-side. Competing banking app Cleo entered the U.S. nine months ago, and challenger bank Monzo is thought to be gearing up to launch across the pond soon, to name just two. Emma says the U.S. launc...

Curve, the all-your-cards-in-one banking app, introduces 1% instant cashback with Curve Cash

Curve, the London fintech that now describes itself an “over-the-top banking platform,” is unveiling a re-vamped cashback feature in a bid to draw in more customers for the premium versions of its Curve card. The company lets you consolidate all of your bank cards into a single Curve card and app to make it easier to manage your spending and access other benefits. With the new Curve Ca...

Bux raises additional $12.5M as it gears up to launch ‘zero-commission’ investing app

Bux, the Amsterdam-based trading app that wants to make investing fun, has picked up an additional $12.5 million in new funding. Venture capital firms Velocity Capital and Holtzbrinck Ventures led the round, which also includes debt financing from Kreos Capital. It brings total funding to $35 million since being founded over five years ago. The newly raised capital will in part be used to launch &...

Funderbeam, the funding and trading platform for private companies, scores $4.5M Series A

Funderbeam, the funding and trading platform for private companies founded by Kaidi Ruusalepp, who was previously CEO of the Nasdaq Tallinn stock exchange, has raised $4.5 million in Series A funding. The round is led by U.K.-based Accelerated Digital Ventures (ADV), and includes new investors such as GK-Plug and Play Indonesia, and Pandan Ventures. Existing investors Draper Associates, Draper Ven...

Infarm closes $100M Series B to scale its ‘urban farming platform’

Infarm, the Berlin-based startup that has developed vertical farming tech for grocery stores and restaurants, is disclosing $100 in in Series B investment. The round is led by London VC Atomico, and consists of mix of equity funding and debt financing. Infarm’s existing investors, including Balderton Capital, Astanor Ventures, Cherry Ventures, also participated in the round. In addition, TriplePoi...

Lilium, the ambitious German air taxi company, picks London for its new software engineering base

Lilium, the ambitious Munich-based startup developing an all-electric vertical take-off and landing (VTOL) device, has announced that London is to be its new software engineering base, flying in the face of Brexit, you may well say. This, says the company, will create “hundreds of high-end software engineering roles” in the U.K. capital city over the next 5 years. Alongside designing a...

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