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Female founded UK fashion tech start-up, Hey Savi, raises £2.2M pre-seed investment

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The AI-powered search and recommendation platform is the second ever fully-female-founded UK technology company to raise over £2m+ at pre-seed stage1

LONDON, July 16, 2024 /PRNewswire/ — Hey Savi, the new UK fashion search and recommendation platform, today announces it has secured £2.2 million in investment. The funding round is one of the largest raises at pre-seed stage by an all-female founded, UK technology start-up. Using advanced Artificial Intelligence (AI) alongside unique customer and fashion data, Hey Savi will completely reshape the way fashion lovers search and shop online, delivering a highly personalised solution for customers to find and buy their perfect outfit first time, every time.

 

Founded by Victoria Peppiatt, Angela Vinci, and Sarah Daniel, the trio of dynamic, female entrepreneurs each bring a wealth of experience across their combined portfolio, boasting an impressive record of starting, building, scaling and exiting high growth businesses. Previously recognised by Management Today as Tech Entrepreneur of the Year, Victoria is a second time tech Founder, Investor and NED, having exited her previous start-up, Phrasee, in 2022. In previous executive roles, Angela has developed world-leading consumer products for some of the largest global fashion, retail, and technology brands including Farfetch, Gap, Sephora, Vinted and Apple. Sarah, ex-Global CEO of Prominate, brings her extensive experience of successfully scaling fast-growth profitable businesses across international markets.

The combination of an enormous market opportunity and the clear customer need for a more personalised online shopping experience is the driving force behind the trio of founders. Over 10,000 fashion searches are made every minute in the UK alone, yet search functionality for online shopping has not changed since the internet began. The emergence of transformational technologies, including AI, combined with a growing shift in customer expectations, provides a once-in-a-lifetime opportunity to reconnect shoppers with retailers.

Angela Vinci, Co-founder and Chief Product and Technology Officer (CPTO) at Hey Savi commented: “The challenge consumers face today is that search engines will always prioritise their business models of paid for advertising, rather than delivering relevant results.”

She continued: “The search experience is outdated and not fit for today’s fast-paced fashion environment. We are creating an experience customers will love and that will give them confidence in their choices. Hey Savi’s unique platform is built by an industry leading, fully female product team, and is perfectly timed to reignite the way customers engage with retailers online, unlocking millions in new revenue.”

Co-founder and Co-CEO, Sarah Daniel, added: “As a leadership team, our combined experience is incredibly compelling. As we build the company from the ground up – our ethos to deliver a ‘people-first’ culture, along with product excellence, will stand us apart from closest competitors in this space and will be the engine to drive our business in the UK and globally.”

Victoria Peppiatt, Co-founder and Co-CEO, commented on the funding: “The response to our raise has been phenomenal. The huge support we’ve received from high profile investors, including well respected angels from Boardwave, Founders Capital and the WITSEND community, has both validated the potential of our product and reaffirmed the market opportunity. On top of which, we are incredibly proud of the fact that 54% of our investors are female.”

Hey Savi is supported by an industry leading advisory board including Gareth Jones, Chief Marketing Officer at Sotheby’s, ex-CMO at eBay and Farfetch, Robin Sutara, Chief Data Officer at Databricks, ex-Chief Data Officer at Microsoft and Richard Goold, Partner at Wilson Sonsini.

 

*Source:

1/ Pitchbook
2/ https://fashionunited.uk/uk-fashion-industry-statistics

Media enquiries:
Sophie Brown Communications Ltd
sophie@sophiebcomms.com
+44 (0)7919 098893

About Hey Savi
Hey Savi is on a mission to change the way people search and shop online, forever. As the ultimate fashion matchmaker, Savi finds your perfect item or outfit in under 60 seconds by connecting you to the retailers who have it in stock, in your size and at the best price. Snap, search, try and buy.
https://www.heysavi.com

Photo – https://mma.prnewswire.com/media/2458316/Hey_Savi.jpg
Logo – https://mma.prnewswire.com/media/2458317/Hey_Savi_Logo.jpg

 

View original content:https://www.prnewswire.co.uk/news-releases/female-founded-uk-fashion-tech-start-up-hey-savi-raises-2-2m-pre-seed-investment-302194177.html

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SAFE Brings Unprecedented Speed and Transparency to Risk Management for Cyber Insurance; 4 Wins at Cyber Insurance Awards Validate Role in Transforming Insurance Underwriting

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PALO ALTO, Calif., April 10, 2025 /PRNewswire/ — The SAFE platform is rapidly gaining acceptance by the insurance industry as the new standard for efficient and transparent cyber risk management for underwriting, enabling insurance brokers and carriers to optimize risk selection and underwriting efficiency while introducing unique policy incentives and premium discounts directly correlated to an organization’s cyber risk posture in SAFE.

SAFE recently swept the Cyber Insurance Awards USA 2025 with four wins: Cyber InsurTech of the Year, Cyber Underwriting Technology of the Year, and Cyber Insurance Technology Provider of the Year, with SAFE’s Insurance Leader, Steven Schwartz Highly Commended as a “Rising Star in Cyber Insurance.”

“SAFE stood out from their peers in 2024 in innovation and thought leadership,” the Cyber Insurance Awards judges commented. “They have continued to push the bounds in risk quantification and cyber and underwriting through their partnerships with brokers and carriers to the benefit of clients and the market.”

Key Points about SAFE’s Solution for the Insurance Industry

–Transforms cyber insurance underwriting with AI-powered, continuous cyber risk management via its innovative SAFE One platform.

–Revolutionizes cyber insurance by providing objective, real-time “inside-out” risk assessments, replacing outdated processes like questionnaires and exterior scans.

–Enables significant time and cost savings for insurers and insurance buyers, reducing weeks-long processes to minutes and enabling buyers to save up to 30% on premiums.

–Built on global standards like FAIR and MITRE, SAFE’s platform applies transparent, defensible methodologies trusted by over 50% of the Fortune 1000.

SAFE Is the Leader in AI-powered, Continuous Cyber Risk Management

Our SAFE One platform enables CISOs and cyber risk leaders to proactively and continuously quantify, prioritize, and manage cyber risks across the entire enterprise attack surface, including third parties.

The platform also enables insurance brokers and carriers to quantitatively assess and underwrite cyber insurance more efficiently and effectively, leveraging SAFE’s AI-automation and transparency that underpins each risk analysis.

How SAFE Transforms Cyber Insurance Underwriting 

The standard underwriting process for cyber insurance today is broken, depending on two indirect and outmoded methods.

–”Outside-in” scans that paint a partial picture of the enterprise’s cybersecurity controls and will always be subject to false positives

–Lengthy, subjective questionnaires that consume 4-8+ weeks of time across multiple security, operations, and financial stakeholders.

SAFE empowers a streamlined cyber risk and insurance assessment, leveraging read-only API integrations to more than 100 cloud, SaaS, and cybersecurity solutions.

In a matter of minutes, an organization can obtain an objective, real-time understanding of its cyber risk posture and any specific vulnerabilities and misconfigurations with prioritized recommendations on remediation.

SAFE’s transparency and underwriting efficiency enables our underwriter and broker partners to reduce hours into minutes while obtaining more meaningful, objective risk insights that empower SAFE’s carrier partners to offer significant policy incentives.

Cyber Insurance Buyers Achieve Discounts of Up to 30%

SAFE platform users qualify for discounts with leading insurance brokers and carriers that partner with SAFE, such as Chubb, Mosaic Insurance, Zurich Insurance, and more.

“With SAFE and their partnership with Mosaic, we were able to obtain increased limits with a premium savings of more than 20% while saving about 100 hours compared to the traditional renewal process on our technology E&O cyber insurance policy,” said Jay Modh, Founder and CEO, Intuitive Cloud. “In a matter of minutes we were able to obtain preferential terms with continuous visibility into our prioritized recommendations and findings from SAFE.”

Learn how SAFE can transform your cyber risk management – and earn you major savings on cyber insurance premiums – contact us.

About Safe

SAFE is the leader in AI-powered, continuous cyber risk management. SAFE empowers CISOs and Cyber Risk Leaders to become indispensable partners to the business, by enabling real-time quantification, prioritization, and mitigation of cyber risks, to support digital growth initiatives and ensure organizational resilience in the face of evolving threats. Visit https://safe.security/.

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SOURCE SAFE

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Telpay Now Listed in the Intuit QuickBooks App Store

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WINNIPEG, MB, April 10, 2025 /CNW/ – Telpay, a member of the Intuit Developer platform, is excited to announce that its payment solution is now available in the Intuit QuickBooks App Store. This new listing makes it easier than ever for businesses using QuickBooks Online (QBO) to sync Telpay to their workflows and streamline their payments.

Building on Telpay’s long-standing integration with QuickBooks products, the App Store listing offers QBO customers with a faster, more accessible way to discover and connect with Telpay. Businesses can now enjoy a seamless integration that simplifies payments, enhances control, and improves financial management.

Benefits for Businesses
Businesses that use the combined power of Telpay and QuickBooks can experience several benefits that help them save time, be more efficient, and improve their cashlfow.

Streamlined Payments and Approvals – Pay bills, employees and government remittances while managing receivables—all in one secure platform. With multiple approvers for payment authorization, businesses can enjoy faster processing and greater control.

Seamless Synchronization – Automatically sync payables, receivables, vendors and payroll. Payments are instantly reflected in QBO, reconciling accounts in real-time and saving hours of manual updates.

Improved Cash Flow Management – Schedule and control payments to optimize finances.

“We’re thrilled to bring Telpay to the QuickBooks App Store, making it easier for QBO customers to discover and connect with our powerful payment solution,” said Paul Vieira, VP & Chief Experience Officer at Telpay. “Telpay’s integration eliminates time-consuming manual tasks and provides a secure, automated workflow that businesses can trust.”

How to Get Started

QuickBooks Online customers can explore Telpay’s listing in the QuickBooks App Store by visiting our webpage.

For more information, visit https://www.telpay.ca/quickbooks/

About Telpay

Telpay is an all-in-one payment solution that simplifies how businesses manage their payables, receivables, and payroll. With robust automation, secure workflows, and seamless integration with QuickBooks Online, Telpay empowers businesses to save time, reduce costs, and focus on growth.

Intuit and QuickBooks are registered trademarks of Intuit Inc. Used with permission.

SOURCE TelPay Incorporated

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Worldwide Telecom Capex to Decline at a 2 percent CAGR, According to Dell’Oro Group

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Capital Intensity to Reach 14 percent by 2027

REDWOOD CITY, Calif., April 10, 2025 /PRNewswire/ — According to a recently published report from Dell’Oro Group, the trusted source for market information about the telecommunications, security, networks, and data center industries, telecom operators scaled back wireless and wireline investments in 2024. The high-level relationship between carrier revenues, capex, and telecom equipment was mostly stable, as both telecom capex and telecom equipment revenues tanked in 2024. Preliminary findings show that worldwide telecom capex, the sum of wireless and wireline/other telecom carrier investments, declined 8 percent in 2024 (telecom equipment manufacturing revenues for the six programs tracked at the Dell’Oro Group declined 11 percent over the same period).

“With some of the larger fiber and 5G builds now in the past, the different risk profiles across the carrier spectrum become more pronounced,” said Stefan Pongratz, Vice President of RAN and Telecom Capex research at Dell’Oro Group. “While some operators prefer a more growth-oriented approach and consider elevated capital intensity levels as essential to gain a competitive edge and be better prepared for the next technology transition, the majority of the operators believe the pie is mostly fixed and focusing on efficiency improvements is considered less risky to this group,” continued Pongratz.

Additional highlights from the April 2025 Telecom Capex report:

Investment conditions are expected to stabilize in 2025, though it will still be a challenging year from a capex and telecom equipment revenue perspective.The near-term investment outlook is less favorable – carrier capex is expected to decline at a 2 percent CAGR over the next 3 years.With carrier revenues on track to advance slightly (+1 percent CAGR), capex/revenue is projected to approach 14 percent in 2027, down from 16 percent in 2024.Wireless capital intensity is projected to approach 12 to 13 percent in 2027, down five to six percentage points since the 5G peak.

About the Report

The Dell’Oro Group Telecom Capex Report provides in-depth coverage of more than 50 telecom operators highlighting carrier revenue, capital expenditure, and capital intensity trends.  The report provides actual and 3-year forecast details by carrier, by region by country (United States, Canada, China, India, Japan, and South Korea), and by technology (wireless/wireline). To purchase this report, please contact by email at dgsales@delloro.com.

About Dell’Oro Group

Dell’Oro Group is a market research firm that specializes in strategic competitive analysis in the telecommunications, security, enterprise networks, security, and data center infrastructure markets.  Our firm provides in-depth quantitative data and qualitative analysis to facilitate critical, fact-based business decisions.  For more information, please contact Dell’Oro Group at +1.650.622.9400 or visit www.delloro.com

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SOURCE Dell’Oro Group

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