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Northmill Bank , the Sweden-based challenger that has around 200,000 customers across three European countries, has raised around $30 million in new funding. Leading the round is M2 Asset Management, the Swedish investment company controlled by Rutger Arnhult, and asset management firm Coeli. Next stop, Norway.
As a reminder, Revolut already offers business accounts. It lets you send and receive international payments, and exchange funds in multiple currencies. Revolut supports 14 currencies and settles payments on your Revolut Business account the next day. Online payments are available for business customers in the U.K.,
If you plan to launch a new startup in France, Denmark or Sweden, there is a new seed fund looking for your pitch. Emblem said today that it has raised nearly $54 million (€50 million) for a new European seed fund. He has also invested some of his own money as a business angel.
In the latest development, Viva Wallet , a Greek startup building banking services aimed at small and medium merchants, has picked up financing of $80 million, money that it will be using to expand its footprint and the services it offers to users, in particular expanding its Merchant Advance loans business. billion ($1.8
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. million in funding.
Sweden-based VC fund Pale Blue Dot bounced onto the scene in 2020 with a €53 million fund to help climate-focused startups. This fund grew again by €34 million in April 2021 , and after deploying investments into 28 climate-forward companies, the investor this week announced it has officially closed its second fund.
-based fintech that provides finance for small businesses as an alternative to a traditional bank loan or extended overdraft , has replenished its own coffers with £70 million in funding. It brings the total funding raised by Liberis to £200 million, including more than £50 million in equity funding.
This round comes after a previously unannounced $5 million seed round which closed earlier this year, bringing the company’s total funding up to $17 million. Anomaly will use the funds to grow the team (the company currently has 12 employees), and scale up their business by partnering with more insurance companies and healthcare systems. .
million in seed funding. Leading the round is Berlin-based Cherry Ventures — the first deal, I believe, from newly recruited partner Sophia Bendz, who herself is based in Sweden. making the need for singular platforms to support such e-commerce businesses all the more necessary,” says Cherry Ventures’ Bendz.
Numan , the European subscription service covering erectile dysfunction (ED) and men’s wellness/health needs more generally, has raised $40 million in a Series B funding round led by White Star Capital , with participation from existing investors Novator, Vostok New Global, Anthemis Exponential, Colle Capital and new investor Hanwha Group.
This is Equity Monday, our weekly kickoff that tracks the latest private market news, talks about the coming week, digs into some recent funding rounds and mulls over a larger theme or narrative from the private markets. And from Sweden, EV company Polestar may go public via a SPAC , as EV company Cake raises $60 million.
The funding from Tencent and other undisclosed investors amounted to “hundreds of millions of yuan” ($1= 6.55 Among its shareholders are drone maker DJI and Dongfeng Asset Management, a Chinese state-owned automaker, according to the firm’s business registration filing. FJD Affordable and Mass-produced Agri-robots.
Business transformation is hampered by different parts of one’s life being managed by different silos, each of which looks after one vertical slice of life,” said Berners-Lee in a statement. The startup has signed contracts with governments of Sweden, Argentina and Basque, TechCrunch reported earlier.
Open source password management platform Bitwarden has made its first known acquisition, snapping up a fledgling Sweden-based startup called Passwordless.dev , which specializes in helping developers integrate passwordless authentication technology into their software.
PideDirecto , a Mexico-based company, is developing a platform that enables local businesses in Latin America to sell directly to their consumers and deliver orders in less than 30 minutes. Fawzi, Samir and Nacoud knew each other from Iraq and studied together in college in Sweden, which is where they met Steiner.
In contrast to America, he points out how Sweden is among the most successful societies in the world from a social mobility perspective — referencing its free education and free health care, which sets up as many people as possible for success. “We didn’t have a lot of money,” he tells me.
Lunar , the Nordic challenger bank that started out life as a personal finance manager app (PFM) but acquired a full banking license in 2019, has raised €40 million in Series C funding from existing investors. Overall, the bank has 5,000 business users and 200,000 private users across Denmark, Sweden and Norway.
trillion in revenues this year, which speaks not only to how much consumers are shopping online these days, but also to how many businesses there are out there now selling to them. Meanwhile, the $106 million in debt funding — which Juni will use to fuel its credit products — is coming from TriplePoint Capital.
Challenger banks have become, collectively, a force to be reckoned with in the world of financial services for consumers, and today one of the big players out of the Nordics — Lunar — is announcing growth funding along with two new services to continue filling out its ambition of providing a one-stop super app for its users.
Memmo.me , a startup allowing users to pay celebrities for personalized video messages, is announcing that it has raised $10 million in Series A funding. “We want to be the place where you can find everyone from world famous talents like a soccer or basketball star, to the local musician down the road,” he said.
Payments made a huge shift to digital platforms during the COVID-19 pandemic — purchasing moved online for many consumers and businesses, and a large proportion of those continuing to buy and sell in-person went cash-free.
Zaver , a Swedish fintech that enable merchants to accept cardless payments and offer buy-now-pay-later (BNPL) as an option, has raised $5 million in new funding. Its target market is “durables,” starting in Sweden. for both online and offline commerce, after claiming to have found product-market-fit.
Hello and welcome back to Equity , a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. From startup-land: Ola is cutting jobs , two delivery logistics startups are merging in Sweden , and Byld Ventures is putting together a venture capital fund to watch.
In line with that trend, today a startup out of Denmark called Ageras Group , which has built a dual-purpose platform, providing both accountancy software and a marketplace for small and medium businesses to find accountants, is announcing a round of growth funding to expand its business. Sweden, Norway, Holland and Germany.
French startup Ankorstore has raised a $283 million Series C funding round (€250 million). This leads us to today’s funding round. Germany, the Netherlands and Sweden. And this is the beauty of the business model of wholesale marketplaces. Ankorstore lets independent brands sell their products to independent retailers.
Sweden-based fintech Tink has also been dominant across Europe, while Truelayer and Belvo are holding the fort in the UK and Latin America. With wide and deep investor backing, Stitch will use the funding to consolidate growth in South Africa. Other investors who took part include both funds and angels.
Cloud-based human resource (HR) platform HiBob today announced that it has raised $150 million in a Series D round of funding at a $2.45 billion valuation. This represents a nearly 50% increase compared to its Series C valuation round just 10 months ago , when it also raised $150 million.
Rumors have been circulating for at least the past month that Sweden-based Klarna, best known as a “ buy now, pay later ” service provider, was seeking to raise new funds. European fintech Klarna has confirmed that it has raised $800 million at a pretty hefty valuation drop. billion valuation exactly a year ago.
The funding was led by Valor Siren Ventures , with participation from Company Ventures , St. This funding capitalizes Bokksu at a level far beyond our bootstrapped early days, and it will facilitate a rapid increase of our product offerings and improvement of our delivery times, as well as allow us to grow our team,” Taing said. .
The proceeds will be used to scale the business beyond its home base of Sweden. We are now looking to bring more products to market and take our preventive pet insurance beyond Sweden.”. What makes Lassie very unique (and our blue ocean strategy) is our preventative business model…. ”
The aggressive push into new markets is fueled by the $750 million Series A funding round Zeekr raised in February, which shot the automaker’s post-money valuation up to $13 billion. The funds from Zeekr’s Series A were dedicated to technology research and market expansion.
French startup Back Market — a marketplace for refurbished electronics goods — has raised a $335 million Series D funding round led by General Atlantic. Today’s funding round values the startup — which says it now has 5 million customers globally — at $3.2 It will be using the funding to expand into new markets.
Rhys Spence is head of research at Brighteye Ventures, a European edtech-focused fund, where he works with portfolio companies to help address priorities, with a focus on internationalization. Rhys Spence. Contributor. Share on Twitter. More posts by this contributor. The 2021 edtech avalanche has just begun. and three in Asia.
Webrock Ventures is a Sweden-based investment company that employs a venture-building model. So essentially, the firm partners with tech companies in Sweden and combines its cash with the company’s business models to create portfolio businesses. As a Sweden-based telehealth company, Doktor.se
” Half of Zoomo’s $60 million funding comes from equity led by Grok Ventures, Skip Capital and ArcTern Ventures, and supported by AirTree Ventures, Clean Energy Finance Corporation, Contrarian Ventures and Maniv Mobility. Zoomo’s business is broken down into B2B and B2C elements.
MAJORITY , a mobile banking service for migrants to the United States, said on Tuesday it had raised $27 million in its Series A funding round led by Valar Ventures. The team is composed of about 45 tech and product employees based in Stockholm, Sweden, and 20-plus internal employees in the U.S., Larsson said. Image Credits: MAJORITY.
In 1999, the Greenpeace national offices in Denmark, Sweden, Finland and Norway united to form one regional entity: Greenpeace Nordic. The scale of the organisation’s work means that both funds and people are critical. Greater agility through strong processes.
Founded in 2013 (or 2014 depending on the source), the Chicago-based company has raised over $82 million in funding over its lifetime from investors such as FinTech Collective and Oak HC/FT , according to Crunchbase. Fundings across the globe. This is interesting because both Palantir and Founders Fund were co-founded by Peter Thiel.
” Occupancy and room-use monitoring is big business across several sectors, and t here are a number of products on the market that function similarly to Minut. This business model change is what’s really enabled this funding round as well. Sweden, France and Spain. It has offices in the U.S.,
FinanZero , a Brazilian online credit marketplace, announced today that it has closed a $7 million round of funding – its fourth since it launched in 2016 was founded in 2016. Our business model is very based on the bank’s risk appetite and we saw 60% growth from 2019-2020. It has raised a total of $22.85 million to date.
More funding for sustainability reporting: Sweden’s Worldfavor , an early mover platform focused on building digital infrastructure to support supply chain transparency and cater to organizations’ ESG (environmental, social, governance) reporting needs, has bagged €10.2 million in Series A funding to step on the growth gas.
Our partners around the world have been busy working on some interesting projects, articles, and blogs for the nonprofit sector. TechSoup Sweden. TechSoup Sweden's Andreas Ericsson built his own Instagram printer for an event. Learn how he created this useful — and very cool — hack. NGO Pulse (South Africa).
Existing investors including Atomico, DN, Infravia, Kibo and Quadrille also participated in the round — which the startup said values its business at $2.35BN (post-money). Jobandtalent says the latest funds will be used to accelerate its expansion in key markets, including the US — its most recent focus.
We boast the world’s second highest fixed broadband Internet subscription rate only an inch behind Sweden. A conducive business environment. The Dutch have a solid business environment today. It takes five days to start a business today, ranking us #10 in the world in terms of ‘incorporation’ speed.
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