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Several countries in Europe including Italy, Poland, Turkey, Austria, the UK, and France have implemented or are looking to implement a digital services tax that will be levied upon tech giants that operate a marketplace or an advertising business that generates more than €750 million in revenue globally and €25.
has joined the ranks of tech companies in Africa that are pruning their workforce. Kuda , the challenger bank based in Nigeria and the U.K., The news of the layoffs, which was first disclosed to TechCrunch by sources, was confirmed by Kuda via email, saying it laid off less than 5% of its 450-strong workforce, or about 23 people.
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.
The country is the 4th destination for international tech talent and Barcelona, the second largest city after Madrid, is ranked at number 5 of 60 European startup hubs in Europe by the Mobile World Congress (MWC).
This week Nonprofit Tech for Good donated $25 to 25 nonprofits in order to study how nonprofits are progressing in the design of their donation pages and in the efficacy of their online donation process. 0% accept digital payments, such as Apple Pay or Visa Checkout. Dollars, Euros, British Pounds, or Indian Rupees.
million) from food tech investor Five Seasons Ventures , extending its previous Series A to €8 million, and total funds raised to date to €10 million. Launched in 2017, the Portuguese startup currently serves customers in Portugal, Spain and Italy, and is aiming to be a key “pet wellness” brand for Southern Europe.
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.
Over those three years, Nonprofit Tech for Good and PIR trained more than 60,000 NPO and NGO staff worldwide! Digital Payments on Social Networks. 9 out of 11 of the fastest-growing countries are in Africa while 9 of out 11 of the fastest-shrinking countries are in Europe. You can view the webinar archive on SlideShare.
The company’s tech integrates satellite imagery with mobile and desktop applications for farming analytics. The financing from Almaz and PortfoLion will be used to expand on its market position in the Americas and Europe, the company said.
Or, perhaps more accurately, the arena of orthodontics — the specialty of dentistry that deals with things like braces — is slowly but surely being digitalized. such as SmileDirect, and now plans to scale across Europe from its existing bases in Spain, Italy, Portugal, the U.K. Tech startups want to go inside your mouth.
Amira Learning is helping young students improve their reading literacy with an AI-powered tutor, while CodeSignal has built a platform for tech workers to pick up new technical skills and practice soft skills through AI-powered simulations. But theres a shortage of workers who can fill those positions.
Together, digital communications inspire 74% of donors to give. Millennials, Gen Xers, and Baby Boomers all prefer to give online and digital communications significantly influence their giving. 16) Asian donors are primarily driven by digital communications. 20) At 39% , Europe has more Gen X donors than any other region.
As Italy reinstates many COVID-19 restrictions, the country’s tech ecosystem is watching and waiting to see what the wider effects of the emergency will be. Italy’s ecosystem for tech venture capital and startups has been in development for years and has made decent strides in the last decade.
Last year we covered how Barcelona-based startup Impress had digitalized the area of orthodontics, raising a $50 million Series A in the process, somewhat aping U.S.-based Impress has its own chain of orthodontic clinics in southern Europe and plans to expand internationally. based startups such as SmileDirect.
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. We know that in Asia, especially in East Asia, it’s pretty much working, but we need to see if this also works in Europe.”. Our role model is Gogoro,” Duscha told TechCrunch.
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.
By Emily Friedrichs of Elevation – a digital agency that s pecializes in Google Ad Grant management and exclusively serves nonprofit’s digital marketing and design needs. Elevation has been a nonprofit partner since 2007 and currently supports more than 200 different organizations in Europe and the Americas.
Butternut Box , a London-based fresh dog food business with a tech-driven platform that delivers HelloFresh-style, catered dog food, has raised $55.4 Founded in 2016, Butternut Box bills itself as a “human-grade, fresh dog food company” with a “personalized dietary offering” driven by its own tech platform. million (€47.2
Berlin-based climate startup ecoworks is using digital technologies, AI and industrial robots to tackle a huge and critical problem: Energy inefficient buildings.
has closed $40 million in funding to expand its own particular push in payments tech — account to account payments and accessing accounts for transactions by way of a single API — deeper into the UK and across Europe. In the latest development on this theme, a UK startup called Token.io
The University of Tokyo Edge Capital Partners (UTEC) , a deep-tech investment firm, announced the first close of its fifth fund, which is expected to total 30 billion JPY (or about $275 million USD) by June 2021. UTEC’s deep-tech investments around the world. What do we mean when we talk about deep tech?
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.
Tech-talent marketplace MVP Match has raised €5 million ($5 million) seed funding from Stage 2 Capital to double down its strategy for pairing companies with talent from across the globe. Manara gets $3M to grow tech talent pool in the Middle East and North Africa. Gloat nabs $90M to build AI-powered internal jobs marketplaces.
Zego , the insurtech that got its start by offering flexible motorbike insurance for gig economy workers but has since expanded with a range of tech-enabled commercial motor insurance products, has raised $150 million. It combines tech with multiple data sources to offer insurance products that it claims save time and are more cost-effective.
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: 2017 Global Trends in Giving Report. 5) Africa’s population will more than double to 2.6 billion by 2050.
Ikigai , a London fintech founded by former McKinsey partners, thinks there’s room in the crowded challenger market for a new premium offering that combines digital banking with wealth management. It felt like either the tech was there or the humanity, never both.
CTO and founder of Reposify , Yaron Tal is a tech entrepreneur and cybersecurity expert with nearly two decades of experience developing cybersecurity software solutions. If addressing digital perimeter exposures is the foundation, zoning-in on problem areas is the framing. Contributor. Share on Twitter. What do companies need to do?
Another example is Market Finance, a tech-enabled SME lender in the U.K., These are tech companies backed by VCs but they also need financial partners due to their capital-intensive businesses in order to do this. We are at the intersection by providing lending capital solutions to these new tech-based financial solutions.”.
Getsafe , the digital-first insurance startup that initially launched with an app for home contents insurance, has closed $30 million in Series B funding. “We hoped to navigate regulation faster and be able to use more existing software, but needed to build most tech from the ground up,” says Wiens.
Sponsored by the Public Interest Registry and researched by Nonprofit Tech for Good, the report summarizes donor data across six continents about how online and mobile technology effects giving. Furthermore, 94% of donors support NPOs and NGOs investing more financial resources into digital communications in order to stay relevant.
Last week was a good one for edtech in Europe. GoStudent became Europe’s first edtech unicorn (IPO’d companies aside), raising its third round in 12 months and the biggest ever in the sector in Europe. More funding and stable deal count of course means that we are seeing significant increases in deal size.
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.
In recent years we’ve been continually impressed with the small Baltic country of Estonia, which has been a frontrunner in many areas within digital solutions and tech innovation, such as e-residency, digital policies, and national cryptocurrencies. What’s going on in Latvia?
The trillion-dollar construction industry is often tarred with the inefficiency brush , accused of failing to move with the times and ignoring digitization in favor of legacy tools. construction tech startups alone reportedly hit $1.3 Venture capital (VC) funding in U.S. Exits and unicorns. billion dollar valuation last August.
According to local media reports , Bielefeld’s has experienced a tech boom in recent years, with accelerators like the local Founders Foundation (backed by the Bertelsmann Foundation) and Garage 33 (at the University of Paderborn) attracting a new wave of young company founders to the East Westphalia-Lippe region. What does it lack?
Peeba says the lack of B2B-focused online wholesale solutions and tech infrastructure hampered Asia’s antiquated B2B retail, wholesale market in business growth and new market entries during the pandemic. The startup has secured $4.2 million in seed funding led by Headline Ventures. The new round of funding brings its total raised to $5.8
Financial institutions are falling behind the tech curve in delivering on the convenience consumers demand, leaving the door wide open for Big Tech companies like Apple, Amazon and Google to become our bankers. Traditional banks miss the digital mark. Data is the grand prize for Big Tech, not revenue from financial services.
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 Japanese real estate tech startup operates its service in Tokyo but plans to take it to more areas like Osaka and Nagoya. While the U.S.
While smartphones are still the indisputable center of our digital lives, this years most innovative consumer electronics companies aim to improve life beyond the touchscreen. Thats not to say that EssilorLuxottica is tying its tech fate exclusively to Meta. A lot of that involves advancement in wearable computing.
Yuri Gurski, CEO and founder of Palta said: “Palta Brain platform, the foundational powerhouse that drives our consumer digital apps, allows for much faster scaling of both products that we envisage internally, as well as those that come to us from the market.”. 60%) and Western Europe (20%). Palta claims to have 2.4
Previous investors Cherry Ventures, FinTech Collective and tech entrepreneurs and senior executives from Klarna, Zalando, and SumUp also participated. But as more companies increasingly move to digital, the need for BNPL for B2B online will grow immensely. The company has now raised $57 million to date.
So literally over $100 billion is going into fintech, which is more than the combined tech budgets of every bank in the U.S. ” The program initially launched in Europe in November of 2020, and now is available in the U.S., Asia Pacific, Latin American and CEMEA (Central Europe, Middle East and Africa). .”
And the French government is taking advantage of this opportunity to make some progress on the tech startup policy front. In an interview with TechCrunch, France’s digital minister Cédric O shared some news for the European tech ecosystem. We think we’re at a tipping point in Europe. Let’s start with late-stage funding.
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.
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