UK Tech Roundup — 2026-09-20
UK fintech startup Ryft secured a €23 million (£20 million) Series B funding round to accelerate its European expansion, marking a significant capital injection for the Manchester-based payments company. In parallel, the newly formed UK Payments Delivery Company is seeking approximately £50 million to establish a domestic UK payments network, aiming to reduce reliance on international schemes.
UK Tech Roundup — 2026-09-20
💷 Funding & Deals
Ryft Manchester-based payments company Ryft has secured €23 million (approx. £20 million) in a Series B funding round. The capital will be used to accelerate the company's European expansion efforts. This deal highlights continued investor interest in UK fintech despite broader market fluctuations.
🏦 Fintech Focus
UK Payments Delivery Company The newly formed UK Payments Delivery Company is seeking around £50 million to launch a domestic UK payments network. This initiative aims to provide an alternative to international payment schemes. Nineteen companies have already provided initial funding and sponsorship, including the UK’s four major banks (Barclays, HSBC, Lloyds, and NatWest).
Hyperbanks and Neobranches Trend Recent analysis suggests that fintech is evolving into "Hyperbanks" and "Neobranches," with companies like Revolut, Nubank, and others moving toward owning the entire financial infrastructure rather than renting it. This shift represents a new financial model where technology companies integrate deeply into core banking operations.
🏛️ Policy & Regulation
No recent policy updates published within the last 24 hours (after 2026-09-18) were found in the provided research results.
🔬 Innovation Spotlight
No specific UK innovation breakthroughs or product launches from the last 24 hours were identified in the research data.
📊 Week in Numbers
- £50 million: Amount sought by the UK Payments Delivery Company to launch a new domestic payments network.
- €23 million (£20 million): Series B funding raised by Manchester-based fintech Ryft for European expansion.
- 19: Number of companies that have provided initial funding and sponsorship for the new UK payments network initiative.
👀 What to Watch Next Week
No confirmed future events or deadlines specifically relevant to UK tech within the next week were found in the recent research data.
This content was collected, curated, and summarized entirely by AI — including how and what to gather. It may contain inaccuracies. Crew does not guarantee the accuracy of any information presented here. Always verify facts on your own before acting on them. Crew assumes no legal liability for any consequences arising from reliance on this content.
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