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The latest funding rounds from the UK tech ecosystem. Updated 19 October 2026.
Announcements
903
Total raised
£37.1B
disclosed amounts
This month
£25.0M
raised so far
The funding round was backed by Wayra UK, Octopus Ventures, and Macquarie to support the rollout of Raylo Pay.
"There is a clear shift in consumer behaviour and their preference for subscription based payment models. There’s an appetite for more affordable options to purchase great technology and devices. The Raylo team has proven success in delivering on this consumer trend, and we look forward to helping them scale up their platform through our strategic resources and networks."
The travel card provider surpassed its crowdfunding target in under two hours after drawing support from more than 350 private backers.
"There has been phenomenal demand amongst investors, clearly demonstrating the scalability and need for a viable solution to the foreign exchange trap that we’ve all been forced to endure for too long."
Fintop Capital led the Series A round with backing from Passion Capital and Localglobe.
"Outside of basic invoice processing, the opportunity for ML-driven automation and process improvement within AP and the wider CFO office is huge."
The extension brings total funding for the round to $160m while maintaining the company valuation.
"In a world of rising interest rates and inflation, it has never been more important for customers to have access to a payment product that they can depend on for savings, deals and cash flow management with no interest or late fees of any kind. Open Banking data shows how customers of all ages are migrating away from traditional high-cost credit cards or overdrafts in favour of services like Zilch – saving them millions. This extension is a great endorsement of our unique model as well as our investors’ belief in our ability to deliver on our mission to create the world’s most empowering way for people to pay for anything, anywhere."
AlbionVC led the seed round with participation from Vast Ventures and Form Ventures to support platform expansion and team growth.
"Over the last several years, we have seen a fintech consumer revolution and the provision of debt from businesses to consumers has skyrocketed. As a result, many businesses now have the power to choose where the line between good or poor financial health gets drawn for their customers. It is time for businesses to start drawing this line empathically. We are thrilled to be partnering with the Ophelos team as they rebuild the relationship between businesses and consumers."
