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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.
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. It has now raised €175 million in total.
Juni , a Swedish pre-launch startup that’s building a banking app and platform for e-commerce and online marketing entrepreneurs, has raised just over €2.1 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.
Tim Berners-Lee’s startup, Inrupt, has raised about $30 million in its Series A financing round, a source familiar with the matter said. TechCrunch reported in late October that the three-year-old Inrupt was in talks to raise between $30 million to $50 million. The Inrupt team includes cryptography expert Bruce Schneier.
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. Providing the financing are previous backers British Business Investments, Paragon Bank and BCI Europe, along with new partner Silicon Valley Bank (SVB).
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 This represents a nearly 50% increase compared to its Series C valuation round just 10 months ago , when it also raised $150 million. billion valuation.
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. Swedish fintech Zaver has raised $1.2M seed for its P2P payments platform.
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.
The startup has raised €70 million ($77 million at today’s rates), at what I understand from a person close to the company to be a $2 billion post-money valuation. Along with that news, it’s launching a crypto trading platform and B2B payments for its small and medium business customers. Augustinus Fabrikker. ”
In the latest development, Annotell , a startup out of Sweden that makes software to assess the performance of autonomous systems’ perception capabilities, and how to improve that, is today announcing that it has raised $24 million to expand its business. We guide our customers on how to improve it.”
It has now raised $18.8 Founded in Gothenburg, Sweden in 2016, Minna enables customers to manage subscription services via their existing bank’s app. IDC predicts that by 2050, 50% of the world’s largest enterprises will focus the majority of their businesses on digitally enhanced products, services and experiences.
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.
Swiss startup Frontify raises $50 million , more than double its previous round’s size. And from Sweden, EV company Polestar may go public via a SPAC , as EV company Cake raises $60 million. Nice to see Sweden do so well in a key business category. Tesla is doing FSD stuff , which confuses us.
It has raised a total of $22.85 At the time, Swedish startup Lendo – a precursor to FinanZero – was making waves in Sweden, and the team felt that a similar model would succeed in Brazil, a country known for its bureaucracy and red tape, and thus primed for a streamlined and hassle-free approach to loans. million to date.
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. Other existing investors, including Avid Ventures , Heartcore Capital and a group of Nordic fintech founders, also participated in the raise. Larsson said.
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. The password problem.
Zoomo’s business is broken down into B2B and B2C elements. and Velove in Sweden are also trying to address the last-mile delivery space, but they’re more focused on container deliveries that can even accommodate middle-mile than food deliveries, which is where Zoomo specializes for now.
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. And this is only its first close: the firm expects to raise as much as $80 million (€75 million) by the end of the year.
French startup Ankorstore has raised a $283 million Series C funding round (€250 million). In May 2021, when Ankorstore raised its Series B , the company told me it was working with 50,000 shops and 5,000 brands. based company that has raised over $1 billion — it has recently started its European expansion.
The main hub for starting a tech business is currently San Francisco. It’s an amazing city, full of people working at tech businesses, and ready to start the next big thing. The costs of living are incredibly high and you will compete with the world’s most successful tech businesses for talent.
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.
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). Alongside the equity raise, the 2009-founded startup has secured another chunk of debt financing ($75M) from Blackrock.
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. Prior to that raise, Zeekr said it had filed confidentially for an initial public offering in the U.S.
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.
And, one that should be required reading for any leader doing business globally or leading a culturally diverse workforce. "It is only when you start to identify what is typical in your culture, but different from others, that you can begin to open a dialogue of sharing, learning, and ultimately understanding." It''s a fascinating read.
After raising $215 million from SoftBank to double down on the surge of interest in online learning, Kahoot has made an acquisition to expand the scope of subjects that it covers. Spain, Italy, France, Germany, Sweden, the Netherlands, Hungary, Ukraine and Russia. million (€6.3 million), with cash conversion of 40%.
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
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. Founded in 2020 and launched in 2021, Juni closed off its Series A only in October of last year (it raised $21.5
This makes it the largest round raised by any API fintech startup in Africa at the moment. Sweden-based fintech Tink has also been dominant across Europe, while Truelayer and Belvo are holding the fort in the UK and Latin America. They have raised sizeable rounds with enviable backings as well. Plaid leads the way in the U.S.
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. Its biggest competitor, Bolt, raised “roughly 50 times that figure,” according to The Information. .
Minut just raised $14 million to further expand its privacy-forward “shhhh, it’s time to take it down a few notches” solutions for the hospitality sector. ” 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.
But unlike Nigeria, India has better unit economics for the lending business and a more friendly regulatory environment. Born in Germany to a Nigerian father and German mother, Hainy began his entrepreneurial journey in 2015 by launching a food delivery company in Sweden. ” FairMoney Nigeria team. .”
For this week’s Pitch Deck Teardown, I’m (virtually) traveling to Sweden to take a look at the $3 million seed round raised by developer tool startup Encore. It reportedly raised from Crane Venture Partners with Acequia Capital , Essence Venture Capital and Third Kind Venture Capital joining the round.
The following year, Christians and Hahn brought on creative director Navina Pernsteiner to co-found the business and establish Sono Motors as a company and brand. Sono has partnered with National Electric Vehicle Sweden (NEVS) to produce the vehicles in its former Saab factory. It opened for trading on the Nasdaq at $20.06
The round brings the startup’s total raised since being founded back in 2018 to €14M. Its biggest markets are its home market of Sweden and the UK so far but it told us it expects traction to pick up in Germany and Norway later this year. ” “We believe that everything you do more than once should be automated.
The likes of Sweden , Denmark , and the U.K. Part of this process will have to involve making it easier for consumers and businesses alike to transition to electrification, for example through extending access to electric vehicle (EV) charging stations as the U.S. recently announced as part of its $1 trillion infrastructure bill.
Video is distracting and a hassle to fit into busy people’s schedules. To fund development of the marketplace, the team has raised around $4 million in total to date — mainly comprised of a $3.6M The business model for now is to take a straightforward 20% cut of the advice fee. Why five minutes?
Opibus first announced plans to roll out electric public transport buses last year when it raised $7.5 Opibus has over the last five years been in the business of future-proofing existing gasoline and diesel vehicles by converting them to electric. million in a pre-Series A round.
Last May, TechCrunch reported on a filing that revealed that Better.com had swung to a loss of more than $300 million in 2021 after a rapid-fire decline in business brought on largely by a slowdown in the housing market and a surge in mortgage interest rates. Wise Business cards and sending money with a link. on May 5, 2022.
And, one that should be required reading for any leader doing business globally or leading a culturally diverse workforce. "It is only when you start to identify what is typical in your culture, but different from others, that you can begin to open a dialogue of sharing, learning, and ultimately understanding." It's a fascinating read.
Einride’s business is threefold. In May, the company raised $110 million to help fund its U.S. He learned how heavy duty vehicles are produced en masse during his three-and-a-half years there, and also helped start and invest in other companies. Einride, which he founded in 2016, is his seventh company. Einride launched its U.S.
Such per country regulations likely (partly) explains the meaty size of Mayd’s seed raise, along with the usual tech and recruitment challenges of scaling an urban logistics app business. “In Germany there is a different situation who can deliver medicine.
Schools, hospitals, and businesses all relied on this invisible network, and with the pandemic forcing people to work from home, there was more strain on the system than ever before. She raised her voice almost immediately: “‘You’re killing people. Easter weekend was a busy one for the UK conspiracy theorists.
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