老九品茶

businessbite
Live

Bite-size news and insight from UK business and tech – including funding, deals and appointments

Strong results reported by listed FinTech Fintel

Published: March 17, 2026 at 8:20 am

Fintel, an AIM-listed provider of FinTech and support services to the UK retail financial services sector, has reported strong full-year growth.

For the year ended 31st December 2025, revenue increased 10% to 拢85.9m, supported by 拢7m year-on-year inorganic growth.

SaaS & subscription revenue was up 9.6% to 拢48.7m, with recurring revenue streams now representing 57% of revenues.

Adjusted EBITDA growth was 16.6% to 拢25.9m.

Revenue & profit flows at Water Intelligence plc

Published: March 17, 2026 at 8:17 am

Revenue and profits flowed at Water Intelligence plc in 2025.

The London firm is a multinational provider of minimally-invasive, technology driven, preventive maintenance solutions for ageing water and wastewater infrastructure.

For the year ended 31st December 2025, group revenue increased by 9% to $90.4 million, supported by good growth across owned US and international corporate locations.

It also reported strong adjusted EBITDA growth of 15% to $16.5m and adjusted profit before tax growth of 9% to $9.2m.

Meanwhile Bobby Knell, non-executive director for the last eight years, has informed the board of his intention to retire and stand down on 31st March 2026.

Dramatic rise in AI visibility drives huge Trustpilot profit growth

Published: March 17, 2026 at 8:12 am

Author: Jonathan Symcox

A dramatic rise in its visibility within AI models is driving growth at Trustpilot.

The London-listed global review platform – which is headquartered in Denmark – reported profitability ahead of expectations as its CEO said 鈥渁uthentic human feedback has never been more critical鈥 amid the rise of AI.

Full-year revenues for 2025 were 拢261.1 million, up 24%, while adjusted EBITDA was 拢40.7m, a rise of 69%, and profit before tax was 拢14.1m, up 172%.

A strategic focus within the business drove a dramatic rise in Large Language Models (LLM) exposure, with click-throughs from AI search up 1,490%, Trustpilot said.

The site ranked as the fifth most cited domain globally on ChatGPT in January 2026, according to Promptwatch.听

CFO of SThree plc steps down

Published: March 17, 2026 at 7:44 am

The CFO of SThree plc, a global STEM workforce consultancy, is stepping down after nearly five years with the company.

Andrew Beach will step down from the board at the conclusion of the company’s Annual General Meeting on 29th April 2026.

He has agreed to continue within the business until the announcement of the company’s half year results on 21 July 2026, to support a smooth and orderly transition.

Damian Fehrenberg, currently senior VP finance USA,will become interim CFO from 30th April 2026 whilst the process to identify a permanent successor is completed.

Accenture completes acquisition of London AI firm Faculty

Published: March 17, 2026 at 7:35 am

Author: Chris Maguire

Accenture has completed the acquisition of London AI firm Faculty.

Faculty, which was founded in 2014 and has worked with Dublin-headquartered Accenture since December 2023, helps public and private sector clients to deploy AI solutions in the UK and other key markets.

The deal,听announced in January, saw Faculty become the first tech unicorn of 2026 after it was bought by Accenture in a deal worth more than $1bn.

With the acquisition completed, Faculty CEO and co-founder Dr Marc Warner has expanded his role to also become chief technology officer of Accenture and join the company鈥檚 Global Management Committee.

UK to invest 拢2.5bn into nuclear fusion energy

Published: March 17, 2026 at 7:10 am

Author: Chris Maguire

The UK is investing 拢2.5bn in fusion research and development in pursuit of providing commercial fusion energy.

On Monday, the government launched its Fusion Strategy and revealed details of its 拢20m cornerstone investment into Starmaker One, a UK fusion investment fund 鈥 backing British innovation and attracting the best technologies to听UK听shores.

The current conflict in the Middle East听has highlighted the need for the UK to end听its听dependence on fossil fuel markets and accelerate the transition to clean homegrown power.

Fusion holds the听potential to听revolutionise the energy system听and听ensure lasting energy听abundance and听security.

The government say Britain is the first country in the world with a clear path to commercial fusion energy and will support over 10,000 UK jobs by 2030, drive investment, and give industry the confidence to take fusion from the lab to the grid, ready for deployment.

This includes plans for the UK to be the first to offer a market framework to attract and support private investment in fusion energy. This would provide confidence鈥痶o investors and ensure a fair deal for consumers.

The strategy builds on the government鈥檚 record 拢2.5bn investment in fusion research and development secured at the Spending Review.

Birmingham PropTech appoints group chief revenue officer

Published: March 16, 2026 at 4:41 pm

PropTech Vertical, based in Birmingham鈥檚 Jewellery Quarter, has appointed Dan Alvarez as its new group chief revenue officer.

Vertical delivers smart energy solutions that simplify energy management for landlords, students, and residential customers.

Alvarez has over 30 years of experience of transforming and driving scalable growth within a number of UK businesses including Vitrifi, Vorboss and Glide, where he specialised in building structured, high-performing operations and fostering collaborative team cultures.

He will oversee all customer, revenue, and marketing related functions across the group鈥檚 portfolio of brands including The Student Energy Group, Do Energy and Tickd.

ThinCats strengthens commitment to Yorkshire & North East with new senior director

Published: March 16, 2026 at 2:38 pm

ThinCats, the leading alternative finance provider to mid-sized SMEs in the UK, has appointed Dan Houman as senior director, origination.

Focused on owner-managed businesses, Houman will be based in Yorkshire and听work with SMEs across the county and the North East to help them access the funding they need to grow.

He has held senior roles at Virgin Money, OakNorth and Santander.

His role will help strengthen collaboration across the Shawbrook Group鈥檚 lending platforms, giving regional businesses access to a wider range of funding solutions.

Matillion appoints Tim O’Neil as chief revenue officer

Published: March 16, 2026 at 1:35 pm

Manchester tech unicorn Matillion has appointed a chief revenue officer.

The firm, builder of the AI data automation platform ‘Maia’, said Tim O’Neil will bring听deep expertise in enterprise data software from leadership roles at Alation and ThoughtSpot.

Matillion said organisations including Merck, EDF and GE Healthcare are using Maia to automate data workflows that previously demanded significant manual effort 鈥 freeing their teams to focus on building data products rather than managing pipeline complexity.

Maia works natively within ecosystem platforms, integrating tightly with Snowflake, AWS and Databricks, and leveraging AI labs models, like Anthropic, to deliver automation where enterprises already operate.

Chorus Intelligence secures 拢15m Maven PE deal

Published: March 16, 2026 at 12:29 pm

Author: Jonathan Symcox

Maven Capital Partners has completed a 拢15 million investment in Chorus Intelligence.

The fast-growing investigation software specialist, founded in 2011, has a 15-year track record of developing and deploying digital investigation software, used by law enforcement, government agencies and corporations.听

Based in Woodbridge, near Ipswich, the company recently launched the Chorus Intelligence Suite, which is being rapidly adopted across its key UK and US markets.听

拢45M for the UK鈥檚 first AI supercomputer to accelerate fusion energy

Published: March 16, 2026 at 11:37 am

The UK government is investing 拢45 million for a 1.4MW mission-focused supercomputer named 鈥楽unrise鈥, a key first step in establishing the country鈥檚 first AI Growth Zone at the UK Atomic Energy Authority鈥檚 (UKAEA) Culham Campus in Oxfordshire.

As announced in the Fusion Strategy, Sunrise is targeted for operation in June this year and is primed to be the world鈥檚 most powerful AI supercomputer dedicated to fusion energy. Funded by the Department of Energy Security and Net Zero (DESNZ), Sunrise will tackle key fusion energy challenges in areas such as plasma turbulence, materials development and tritium fuel breeding, while delivering spillover benefits to other clean energy technologies and the UK鈥檚 broader net zero ambitions.

Sunrise will also strengthen essential AI capabilities at Culham Campus and across the UK鈥檚 high-performance computing landscape, contributing to the government鈥檚 AI Opportunities Action Plan and AI for Science Strategy.

Sunrise will see AMD, DESNZ, the Department for Science, Innovation and Technology (DSIT), Dell Technologies, Intel, UKAEA, the University of Cambridge, and WEKA working together.

Nasdaq-listed giant prepares swoop for CAB Payments

Published: March 16, 2026 at 9:54 am

Author: Jonathan Symcox

An American payments giant is preparing a swoop for UK FinTech CAB Payments.

StoneX, a Fortune 500 firm listed on New York鈥檚 Nasdaq exchange, is considering a bid for CAB Payments, which has endured a torrid time as a listed company.

CAB has rejected two rival takeovers from shareholder Helios Consortium and StoneX said it was hopeful of winning the support from the company鈥檚 shareholders, including Helios, before it tables the bid officially.

Unseen Group completes 11th acquisition with Seenit

Published: March 16, 2026 at 9:46 am

Author: Chris Maguire

Unseen Group has announced the completion of its 11th acquisition with the addition of employee content platform Seenit.

Seenit is an employee-generated video platform used by companies including Amazon and Vodafone to create authentic content that supports talent attraction, retention and development.

Unseen Group combines assessment technology, psychometric design, candidate engagement and onboarding, and recruitment support solutions to help employers deliver fair, data-driven and high-impact recruitment and development experiences.

Zac Williams, CEO of Unseen Group, said: 鈥淪eenit is a perfect fit for our refined employer-led offering and further solidifies Unseen as a leading provider of talent tools, spanning from candidate engagement, through to screening, assessments, onboarding and employee development.鈥

Emily Forbes, founder of Seenit, said: 鈥淔rom my first meeting with Zac, it was clear our missions were aligned and that Unseen was building something ambitious.鈥

AI startup Legora valued at $5.5bn after Series D raise

Published: March 16, 2026 at 8:43 am

Author: Chris Maguire

Sweden-based legal AI startup Legora has been valued at $5.5bn after announcing a $550m Series D fundraise.

The round was led by Accel, with participation from existing investors Benchmark, Bessemer Venture Partners, General Catalyst, ICONIQ, Redpoint Ventures, and Y Combinator, as well as new investors, including Alkeon Capital, Bain Capital, Firstmark Capital, Menlo Ventures, Sands Capital, Starwood Capital and Salesforce Ventures.

The investment will be used to accelerate its expansion across the US.

Legora (formerly known as Leya) was founded in 2023 and has built an AI platform for lawyers.

In the last 12 months, the LegalTech startup has grown from 40 to 400 team members across Stockholm, London, New York, Denver, Sydney, and Bengaluru.

Last year, Deloitte Legal and Legora announced a strategic relationship in the UK that will see the two organisations collaborate to drive the next wave of legal transformation.

Shareholder revolt looks to oust Physiomics board

Published: March 16, 2026 at 8:39 am

Author: Jonathan Symcox

A shareholder revolt is aiming to oust the entire board of Physiomics plc.

Physiomics is a mathematical modelling, data science and biometrics company which supports the development of new therapeutics and personalised medicine solutions.

On Friday the Oxfordshire company鈥檚 directors received a request requiring the board to convene a shareholder meeting from Michael Whitlow, who holds approximately 13.68% of its shares.

Campaign in memory of Abi Godfrey hits 拢40,000听

Published: March 14, 2026 at 7:33 am

Author: Chris Maguire

A campaign to raise 拢500,000 in memory of Abi Godfrey, a director of Grant Thornton鈥檚 North West corporate finance business who died last month aged 34, has already hit 拢40k.

The money will be used to support her baby son, Leo, and her family.

On May 28听her former colleagues at Grant Thornton will be taking part in the Yorkshire 3 Peaks Challenge in her memory.

A JustGiving page aiming to raise 拢500,000 was launched by Alex Parry and has already raised more than 拢40,000

More than 100 people have now donated, including 拢10k from听Keely Woodley and 拢5k from Pete Jennings.

You can donate听

Half of The Apprentice candidates have now been fired

Published: March 14, 2026 at 7:22 am

Author: Chris Maguire

Rajan Gill was the 10th candidate to be fired in The Apprentice.

Gill, who proudly describes himself as the only tradesman candidate in this year鈥檚 show, 听was part of the losing team tasked with creating a virtual reality demo in order to secure 听investments.

Project manager Lawrence Rosenberg brought Gill and Levi Hodgetts-Hague back into the boardroom after his team secured 拢55,000 in investment, compared to the winning team鈥檚 拢205,000.

Speaking after the show, Gill, whose company 鈥 AV Installations 鈥 specialises in TV mountings, said: 鈥淥pportunities like The Apprentice provide every candidate with the same platform. What really matters is how each of us chooses to use it 鈥 how we show up, how we contribute, and how we make the most of the moment.鈥

There are now 10 candidates vying for Lord Sugar鈥檚 拢250k investment and mentorship.

How Leeds EdTech Synap found its rhythm

Published: March 13, 2026 at 12:56 pm

Author: Jonathan Symcox

Synap was making waves in the Leeds tech scene as far back as 2018 with its revision platform for students.

Fast-forward eight years and two pivots and the EdTech 50 star now provides technology for administering exams as well as supporting students with their work.

Speaking to Founder Friday on top of Bruntwood SciTech鈥檚 Platform building, Dr James Gupta – who co-founded the platform to help with his medical studies in Leeds – explains why the West Yorkshire city is a great place to start a business.

With universities – including Ivy League institutions – employers and regulated sectors using the platform, as well as private EdTech and tutoring companies, he says the creative and agile startup transforms into a military-style operation on exam day – which is a 鈥渘ice mix鈥.

鈥淚 wouldn鈥檛 change it for the world,鈥 he says.

The EDM (electronic dance music) and Metallica fan also tells us how he likes to unwind when not working on the business – he and his wife spent two weeks at music festivals last year!

The dealmaking blind spot that sparked my multi-million-pound business

Published: March 13, 2026 at 12:00 pm

Author: Tim Follett, founder & CEO, StructureFlow

Before founding StructureFlow, I spent eight years as a corporate lawyer at Slaughter and May and Farrer & Co, advising on highly complex, high-stakes transactions.听

These were multi-billion-pound deals involving layers of entities across multiple jurisdictions, with ownership, control and risk constantly shifting as negotiations evolved.

To manage that complexity, we relied on structure charts, timelines and diagrams. They were essential. They imposed order on something that would otherwise be overwhelming. But they were also static and slow to build. Worse, every time a deal changed, someone had to rebuild the picture.

Documents and diagrams made things readable, but not truly navigable. They flattened dynamic relationships into snapshots. As structures evolved, those snapshots quickly became outdated.

That鈥檚 where risk crept in. Not because anyone was careless, but because the tools weren鈥檛 built for constantly shifting complexity.

Technology doesn鈥檛 teach you leadership – it takes mistakes and hard work

Published: March 13, 2026 at 11:30 am

Author: Rebecca Fox, founder, Relentica

I’m a leader who cares deeply about people and commercial outcomes.

Sometimes those two things feel in conflict. Leadership is hard. It can be lonely. You have to make difficult decisions grounded in commercial, environmental, political and emotional reality.

I鈥檓 far from perfect, but what drives me is making the best decision available with the information in front of me – and helping others do the same.

I鈥檝e always been technically minded. I could code at eight, thanks to having a Dad who was a computer science teacher.听

But technology doesn鈥檛 teach you leadership. That came later – through mistakes, hard lessons, hard work, and learning how to align people around outcomes.

Have Your Say

    Subscribe to our newsletter

      This site is protected by reCAPTCHA and the Google and apply.