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SumUp raises $895M in debt to double down on its B2C payments business

TechCrunch

“We have very stable cash flow, which allows us to take on debt,” he said in an interview. Most recently these deals included acquisitions of the business-focused mobile banking platform Paysolut in Lithuania, as well as Goodtill and Tiller to expand into point-of-sale for bigger venues.

Business 120
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France’s strategy for EU startup policies: Talent and money

TechCrunch

In an interview with TechCrunch, France’s digital minister Cédric O shared some news for the European tech ecosystem. According to Cédric O, digital transformation is going to profoundly affect the economy in Europe — just like it strongly reshaped the American economy ten years ago. “We More countries should join the list soon.

Policy 86
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Flagright offers transaction monitoring with usage-based pricing

TechCrunch

“I used to run the product team at a fintech startup in Lithuania, and one of my responsibilities was compliance and fraud prevention,” Ozkan said in an email interview. “I was looking for a real-time solution for around 15 months and had a very bad experience with the existing providers. All are startups.

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‘Deepfake’ that supposedly fooled European politicians was just a look-alike, say pranksters

The Verge

Parliamentarians from the UK, Latvia, Lithuania, and Estonia had all arranged video calls with a hoaxer claiming to be Leonid Volkov, chief of staff to imprisoned Russian anti-Putin politician Alexei Navalny. The pair say they tricked their way into various meetings with European politicians and even a live interview on Latvian TV.

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Elon Musk’s Twitter (now X): Everything you need to know, from layoffs to verification

TechCrunch

X CEO claims the company formerly known as Twitter is almost breaking even “I’ve been at the company eight weeks,” Yaccarino said in her first broadcast interview since taking on her new role. Users still need to be verified and must have at least 500 followers to qualify for payouts.

Twitter 86