A Manchester-based start-up led by one of the co-founders of TeleCity has raised millions of pounds from US venture capital firms to drive expansion at the payments company. AccessPay provides back-end payments and treasury technology that can connect businesses to their banking providers. Led by Anish Kapoor, who founded data centre start-up TeleCity in 1998 before its 2000 listing, AccessPay has raised £9m from backers including transatlantic fund Beringea and US venture capital firms True Ventures and Route 66. The venture funding round represents one of the biggest ever for a Northern financial technology company. AccessPay currently has 50 staff based out of Manchester and provides a system for payments, money transfers and fraud prevention technology for clients including ITV, Barclays and the AA. It now plans to more than double headcount to 120 on the back of the raise. Mr Kapoor said many financial service technology systems were operating “in … [Read more...] about TeleCity founder’s start-up raises millions for Northern technology push
Start ups
Exclusive: Zwoop, the tech start-up backed by billionaire Robert Friedland, slides into administration
As he sat in the lounge of the Sheraton Grand hotel on London’s Park Lane last May 30, Alessandro Gadotti was feeling confident. The 49-year-old Italian was excitedly pitching his new technology start-up which he claimed could compete with Amazon and Google by searching thousands of other e-commerce websites and using artificial intelligence and blockchain to find the best prices possible. Competing with the industry’s giants is no easy feat, but Gadotti had reason to feel cheerful. His business, Zwoop, had raised $13 million in funding from Robert Friedland, a billionaire American-Canadian mining tycoon and former associate of Apple’s Steve Jobs. Its future seemed bright, even if the current... To continue reading this article Start your free trial of Premium Access all Premium articles Subscriber-only events Cancel any time Free for 30 days then only £2 per week Try Premium Access one Premium article per week Register … [Read more...] about Exclusive: Zwoop, the tech start-up backed by billionaire Robert Friedland, slides into administration
More Start-Ups Have an Unfamiliar Message for Venture Capitalists: Get Lost
Sections SEARCH Skip to content Skip to site index Technology Subscribe Log In Log In Today’s Paper Technology | More Start-Ups Have an Unfamiliar Message for Venture Capitalists: Get Lost Supported by ByErin Griffith Jan. 11, 2019 On a sunny Saturday morning in New York a few months ago, a group of 50 start-up founders gathered in the dank basement of a Lower East Side bar. They scribbled notes at long tables, sipping coffee and LaCroix while a stack of pizza boxes emanated the odor of hot garlic. One by one, they gave testimonials taking aim at something nearly sacred in the technology industry: venture capital. Josh Haas, the co-founder of Bubble, a software-writing start-up, told the group that he and venture capitalists “were pretty much totally on different wavelengths” about the trajectory of his business. Seph Skerritt, the founder of Proper Cloth, a clothing company, said that the hype … [Read more...] about More Start-Ups Have an Unfamiliar Message for Venture Capitalists: Get Lost
Meat-free start-up Daring Foods secures debut deal
0 Have your say A Glasgow-based start-up offering meat-free food products has landed its debut distribution deal as it targets annual revenues in excess of £7 million. Daring Foods, which provides plant-based alternatives to meat and fish, has unveiled a contract with wholesaler Lomond Fine Foods which will see its range sold in 300 locations in the first quarter.The firm, founded by entrepreneur Ross Mackay and former corporate banker Eliott Kessas, is now targeting revenues of more than £7m in its first year of trading, and has increased production at its research and development facility in Europe.It has also created a bespoke Daring Foods menu for the food services industry, which will be available in 35 Scottish location by the end of January.This number is anticipated to “reach 1,000 by the end of the year”, according to the business. The company also said it is poised to announce a deal with a supermarket chain to make its range … [Read more...] about Meat-free start-up Daring Foods secures debut deal
Prosthetics start-up wins Việt Nam Blue Venture Award
Viet Nam News HCM CITY – Vulcan Augmetics, a start-up that produces modular, affordable prosthetics for everyone, has been named winner of the first Việt Nam Blue Venture Award. The award is part of a global entrepreneurial award, The Venture, that honours social entrepreneurs who aspire to promote positive changes in the world and spread the message that a company can both do business well and create a social impact. It also seeks to create a platform for young entrepreneurs, enabling them to reach out internationally to learn from start-ups around the world. By winning the Việt Nam Blue Venture Award, Vulcan Augmetics will represent the country in an international competition called The Venture to be held next May. It beat four other competitors in the final round in HCM City on Tuesday. According to the contest organisers, Pernod Ricard Vietnam and TV Hub, the competition attracted hundreds of projects from various sectors including education, technology, … [Read more...] about Prosthetics start-up wins Việt Nam Blue Venture Award