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Sweden’s Tink raises $103M as its open banking platform grows to 3,400 banks and 250M customers

TechCrunch

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.

Open 117
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Juni, the banking platform for e-commerce and online marketing companies, raises €2M seed

TechCrunch

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 million in seed funding. making the need for singular platforms to support such e-commerce businesses all the more necessary,” says Cherry Ventures’ Bendz.

Marketing 119
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Emblem is the latest European seed fund in new wave of VC funds

TechCrunch

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. Clustree was a talent management and HR platform that was acquired by Cornerstone OnDemand.

Fund 79
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As post-COVID food distribution digitizes, Cerve raises $2M for wholesaler platform

TechCrunch

Addressing this, Cerve , a Sweden-based food tech startup, has raised a $2 million seed round for its infrastructure platform that claims to automate wholesalers’ sales operations. Post-COVID, food wholesalers are fast digitizing their operations, but many still rely on legacy backend systems.

Digital 85
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Nordic neobank Lunar raises $77M at $2B valuation, launches crypto trading platform and B2B payments

TechCrunch

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.

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Visa to acquire open banking platform Tink for more than $2 billion

TechCrunch

Based in Stockholm, Sweden, Tink operations should continue as usual after the acquisition. As you may have guessed, it greatly simplifies the adoption of open banking features. 300 banks and fintech startups use Tink’s API to access third-party bank information — clients include PayPal, BNP Paribas, American Express and Lydia.

Open 100
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Pale Blue Dot continues investing in its climate vision, with a second, $100M fund

TechCrunch

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.

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