It was a huge week for Fintech with an incredible $100M investment in London success Worldremit. Other investments include $25M in popular file sharing site WeTransfer and Onfido raising $4.5m to expand online verification. British Gas continue to invest in UK Tech as they plan to buy smart home technology AlertMe which powers Hive Active Heating.
Apple’s Fingerprint ID is soon to be used for more than just unlocking your phone as banks will soon allow customers to access their accounts using fingerprint recognition. There continues to be skepticism about Apple ID’s security so watch this space. Sony enter the smart glasses market following Google’s announcement that they are ceasing development for Google Glass flop, and Barbie is getting a digital make over IoT style. All this and more in your Week in Tech!
Startups – applications for Elevator Pitch Series 5 are now open and we’re heading Nationwide this time, so get your pitch in now!
Download of the Week
Fast Food isn’t so fast when it comes to paying, so Flypay are tackling the restaurant market with their iPhone and Android app which makes it easy to pay for your meal at your table without waiting for that waiter who isn’t even looking. Available for free download now.
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The Week in Tech is your bitesize video guide to the top tech stories of the week, presented by the Tech City News team.
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WorldRemit raises $100M to drive global expansion [Tech City News]
Onfido secured $4.5m in funding [Tech City News]
British Gas to snap up AlertMe in $100m deal [Tech City News]
WeTransfer raises $25M in funding round [Tech City News]
Sony takes pre-orders for smart glasses [BBC News]