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Europe is home 49 of the surveyed companies, six are based in the U.S., This is less true than it was in early 2020, as digital education and work is now so commonplace that it’s possible to build a billion-dollar edtech in a single, larger European market. and three in Asia. International expansion sounds good, but what does it mean?
Founded in 2014, Rohlik’s funding comes at an interesting and key moment in the online grocery business, in Europe and beyond. Even with some (very much not all) countries in Europe relaxing parts of their orders, grocery has remained a very-much used online category in markets where it is available. ” Rohlik, ?upr
Apple is gradually adapting to the new business rules enforced by Europe'sDigital Markets Act (DMA). While still risking a fine amounting to 10 percent of its global revenue due to restrictions on third-party app developers, Cupertino appears willing to comply with the DMA's requirements regarding browser choice and default.
Meniga , the London fintech that provides digital banking technology to leading banks, has closed €10 million in additional funding. Its various products include a software layer that bridges the gap between a bank’s legacy tech infrastructure and a modern API, making it easier to build consumer-friendly digital banking experiences.
It recently hired Pavel Khristolubov , an ex-Tinkoff executive, as its global chief operating officer and Elena Lavezzi , a former Revolut executive in Europe, as chief strategy officer to oversee efforts in this regard and also grow its over 4 million customer base. Kuda, the African challenger bank, raises $55M at a $500M valuation.
Cryptocurrency pioneer and early Bitcoin thought-leader Diana Biggs has joined Swiss-based startup Valour , which lets investors easily buy digital assets through their bank or broker. Wattenström created and listed the digital asset ETP on Nasdaq Nordic in 2015. The move is significant with the news that Tesla has bought $1.5
As part of that broader movement, the mighty WhatsApp, a dominant force in the messaging world, has been pushing deeper into the business arena with myriad tools to connect retailers with customers — from product catalogs and collections , to shopping carts and Instagram Shops integration. Conversational commerce comes to Europe.
million Series A led by new strategic investor EIT InnoEnergy, a major accelerator of sustainable energies in Europe that’s supported by the European Union. Aside from Swobbee’s focus on smaller micromobility vehicles, there are a few other differences between the German startup and Gogoro’s business models.
million in a pre-Series A round, to tap the opportunities in emerging markets, where digital lending apps have recently sprung up in droves. The startup is currently working with 30 credit institutions, including digital lenders, micro-finance institutions and banks. million, having realized $800,000 in a seed round last May.
In India alone, it is estimated there are 1-2 million NGOs in operation of which the vast majority have no online presence, but in the next decade Indian NGOs will join the digital revolution by the hundreds of thousands. Source: Business Insider. Source: 2017 Global Trends in Giving Report. billion by 2050. Source: Global Web Index.
Sennder , a large digital road freight forwarder based out of Germany, has raised $160 million in Series D financing. In June 2020 it merged with French competitor Everoad, and acquired Uber Freight’s European business last September. The whole digital freight forwarding market is booming.
A startup tapping into the concept of the circular economy, where people don’t buy items outright but pay an incremental amount to use them temporarily, has raised some funding to scale its business in Europe and beyond. The fresh funding allows us to bring these possibilities to even more people across the world.
InstaCarro , a digital marketplace that connects used car sellers to dealers in Brazil, has raised $23 million in a Series B round of funding. The startup also plans to use its new capital to “improve the coverage” of its home inspection model and improve the efficiency of its digital auction process, Cafici said. Notably, U.S.-based
SumUp , a London-based startup that helps businesses power revenues through card payments — by way of physical readers, online payments, invoices and other services — is itself powering up in a big way. and basing their service around small card payment dongles that attached to phones or tablets.
While the pandemic prompted companies to digitize much of the way they do business, not every brand made the pivot successfully. The same survey found that over four-fifths of companies — 82% — were prevented from pursuing digital transformation projects due to the staffing, resources and expertise required.
Economies of scale are an essential cornerstone for on-demand companies, and to that end one of the hopefuls in the space has raised a big round to grow its business. “All of our business units are growing,” founder and CEO Markus Villig said in an interview this week. . billion ($8.4 billion).
Business, now more than ever before, is going digital, and today a startup that’s building a vertically integrated solution to meet business banking needs is announcing a big round of funding to tap into the opportunity. The company has started to make some headway into Europe and the U.K. That involves two parts.
A new report from Endeavor Nigeria reveals that Africa’s digital economy and tech ecosystem is set to experience exponential growth periods. The report is dubbed “The Inflection Point: Africa’s Digital Economy is Poised to Take Off.”. Africa’s digital opportunity. Southeast Asia and Europe.
In February, Disha , a Nigeria-based platform that allows digital creators to curate, sell digital content, create portfolios and receive payments from their audience globally, announced that it was closing shop. With Flutterwave, we now have a way to drive both value for creators and revenue to sustain the business.
Open banking platforms, where services that might not have previously lived next to each other are now joined up by way of APIs, has been one of the emerging trends of the last couple of years, and today one of the leaders in the space out of Europe has closed a round of funding to expand its business.
trillion B2B payments market in sub-Saharan Africa is one where merchants commonly use manual invoices and inefficient processes that burden merchants and make them struggle with their businesses. And then it becomes easier for us to digitize how payment moves between retailers and distributors,” he added. million in seed funding.
The process of digitizing the operations of mom and pop stores in Nigeria is serious business right now. Europe and Asia, including Michael Novogratz’s, participated in the round. Alerzo claims to have built up a network of up to 100,000 small businesses, 90% of which are women-led. The company is announcing a $10.5
Given the likely global recession, small businesses are reaching for new kinds of financing. Thus, the buy now, pay later business model is now expanding into this B2B world at a rate of knots. But as more companies increasingly move to digital, the need for BNPL for B2B online will grow immensely.
and Europe have a more competitive iBuyer market with Opendoor, Zillow, Offerpad and Redfin, Japan has a nascent iBuyer industry, according to the company. “The business model is similar in the way that it is an arbitrage model where the difference between the purchase price and the sales price is the profit,” Ito told TechCrunch.
In an interview with TechCrunch, Bhojani, an HBS and Yale College graduate who had previously worked across roles that required extensive travel, such as management consulting and investment banking, said what spurred him to launch Silkhaus was the change in the travel behavior of small-business owners post-pandemic. . “At
This June, Amira merged with 27-year-old digital learning company Istation, whose gamified educational content was being used in more than 1,000 school districts. The app gives busy parents on-demand access to scripts and other personalized guidance, drawing on Kennedys expertise and advice from other parenting coaches.
Millions of small and medium businesses still operate inefficiently due to dependency on manual processes, which limits their capacity to grow and scale; this is despite contributing to about 48% of Nigeria’s GDP in the last five years, But the tide is turning. Some include Pastel , Kippa and OZÉ. .
Spotify will use its sponsorship as an opportunity to “amplify the work of artists” in a way that brings “the worlds of music and football together, giving a global stage to players and artists” at Spotify Camp Nou, Alex Norström, Spotify’s chief freemium business officer, said in a statement.
As organizations continue to build out their digital architecture, a new category of enterprise software has emerged to help them manage that process. Ardoq is based out of Oslo and about 30% of its enterprise client base is in the Nordics; the rest is spread between Europe and the U.S. Federal Communications Commission. .
In March 2020, the company made headlines for laying off nearly 300 employees in the face of a slowdown in business related to the pandemic. As the pandemic led to increased digitization across the board, employees were suddenly making spend decisions from outside the office and more merchants were accepting digital payments.
Blackshark.ai, the Austrian startup behind the digital globe you fly over in Microsoft’s Flight Simulator, has raised a $20M round A to develop and scale its replica-Earth tech. The potential applications for a planetary “digital twin” are many and various, and the company has a head start even on mapping giants like Google.
These are tech companies backed by VCs but they also need financial partners due to their capital-intensive businesses in order to do this. The massive digital transformation going on right now has given rise to non-bank and alternative lending companies. Western Europe, U.K., Australia and New Zealand.
billion European payments giant, has made another acquisition, this time to dig deeper into financial services for small and medium businesses in the region. In addition to payments company Nets/Concardis, Orderbird’s other investors had included Digital+ Partners and Metro Group, and it had raised around $55 million in all.
They allow businesses such as mobile operators, e-commerce platforms, and logistics companies to embed and enable banking products for their customers. With this new financing, Credable plans to launch four more products this year and partner with businesses in these countries. million seed round. So far, over 1.2
The fund will be managed by partners Sebastian Peck and Talia Rafaeli, and has aspirations to back breakthrough innovations that accelerate the adoption of digital technology and industrial automation in the real estate, construction and manufacturing sectors. It especially wants to reduce waste and CO2 emissions. ” .”
creator economy and people doing “side-hustle” businesses. The app provides a hub of financial tools and services for these self-employed side-hustlers, as it provides digital bookkeeping and accountancy services, automates tax returns and comes with access to expert help.
“The only things that changed were the economics and speed of business.”. Put simply, Kushki aims to help make it easier, cheaper and more secure for businesses across LatAm to send and receive/process digital payments. Europe, APAC and Brazil. It also follows a quarter in which the company grew by 100% year over year. .
Pipedrive , the sales CRM tool for small and medium-sized businesses, is the latest European company to reach unicorn status. The software integrates with over 100 other apps used in business, for example Google Apps, Trello, Zapier, MailChimp, Yesware and PandaDoc. enterprise software focused private equity firm Vista Equity Partners.
Specifically, clients can buy and sell digital assets (from Bitcoin, Ethereum and Link to Litecoin, PaxG and multiple stablecoins) directly on BlockFi. The startup is also a lender and provider of trade execution services to institutions participating in digital asset markets. . It’s a model that seems to be working in a big way.
By digitalizing the insurance work for insurers and intermediaries, its platform enables them to save time, focus on their clients and scale their business. . Norwegian investor Kistefos , Markel Digital Investment and an angel investor participated in the latest round. trillion general insurance industry. .
“Challenger” startups in banking and insurance have upended their industries, and picked up significant business, by building more customer-friendly tools and services — more personalized, easier to access and usually competitively priced — than those typically provided by their bigger, incumbent rivals.
that creates digital banks in emerging markets, confirmed to TechCrunch today that it has raised $7.4 Digital banks, neobanks, challenger banks or whatever you may call them, are among the biggest recipients of VC investments in fintech. Fintech Farm , a newly launched fintech startup based in the U.K. million in seed funding.
In a report analyzing Europe’s general economic health, cost of doing business, business environment and labor force quality, analysts looked for highly educated populations, strong economies, healthy business environments and relatively low costs for conducting business. Claude Donzé , partner, Tomahawk.VC.
The two met through the startup’s investor Cathay Innovation , and the acqui-hire will pave the way for Laiye’s entry into the Europe market, said Wang. Wang also saw a strong “cultural alignment” between his business and the French startup led by a team of young founders. Laiye CEO Guanchun Wang.
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