UK Tech Roundup — 2026-09-18
UK tech scale-ups have collectively raised £3.4bn in recent months, defying broader fintech funding trends as investors rotate capital into AI. In a significant move for the payments sector, the newly formed UK Payments Delivery Company is seeking £50m to launch a domestic network, while Manchester-based Ryft secured a €23m Series B for European expansion. Meanwhile, Revolut’s CEO has hinted at potential dual listings in London and New York, signaling a shift in the fintech capital's outlook.
UK Tech Roundup — 2026-09-18
💷 Funding & Deals
UK Tech Scale-Ups Raise £3.4bn Britain’s latest cohort of high-growth tech companies has collectively raised £3.4bn, employing over 6,000 people. This surge in capital comes as Andy Burnham faces scrutiny over British investment strategies, highlighting the tension between regional development and national tech growth. The data suggests that despite broader market cooling, top-tier scale-ups continue to attract significant international and domestic capital.
Ryft Secures €23m Series B Manchester-based payments infrastructure provider Ryft has raised €23 million (£20 million) in a Series B round to accelerate its European expansion. This deal stands out as a notable exception in a year where UK fintech funding has otherwise struggled, demonstrating continued investor appetite for niche B2B payment solutions with cross-border utility.
🏦 Fintech Focus
UK Banks Push for Domestic Payments Network In a strategic move to reduce reliance on international card networks, 19 companies including the UK’s four major banks have provided initial funding for the newly formed UK Payments Delivery Company. The entity is currently seeking an additional £50 million to fully launch its own payments network, aiming to create a sovereign alternative to Visa and Mastercard rails within the UK market.
Revolut Eyes Dual IPO in London and New York Revolut co-founder and CEO Nik Storonsky stated that the fintech unicorn is considering a dual listing on both the London Stock Exchange and the New York Stock Exchange. This announcement marks a potential turning point for UK fintech exits, which have been hampered by valuation gaps between the two markets. Revolut, valued at $115B, remains the UK's highest-valued fintech company.
🏛️ Policy & Regulation
No recent policy updates or government announcements were found in the research results published after 2026-09-16.
🔬 Innovation Spotlight
No specific innovation or research breakthroughs from UK companies or universities were identified in the research results published after 2026-09-16.
📊 Week in Numbers
- £3.4bn: Total capital raised by the latest crop of UK high-growth tech scale-ups.
- £50m: Funding sought by the new UK Payments Delivery Company to launch a domestic payments network.
- €23m: Amount raised by Manchester-based Ryft in its Series B round.
- $115B: Current valuation of Revolut, making it the UK's most valuable fintech.
👀 What to Watch Next Week
- UK Payments Network Launch Progress: Keep an eye on further announcements from the UK Payments Delivery Company regarding the closure of its £50m funding round and technical pilot dates.
- Revolut IPO Speculation: Monitor financial news for any formal filings or confirmation regarding Revolut’s potential dual-listing strategy in London and New York.
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