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Bitpanda obtains German crypto license as crypto platforms want to prove they are legit

TechCrunch

Bitpanda has received a crypto license from Germany’s financial regulator (BaFin). Its German subsidiary is now officially allowed to process cryptocurrencies for German customers under its Crypto Custody and Proprietary Trading license. It holds a similar license, but it is a U.S.-based based company. million customers.

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8 cannabis investors share their outlook on the European market in H1 2022

TechCrunch

Another important data point that connects both regions: the black market is a competitive factor. However, things are moving on the legal side of the market — it appears medical cannabis still carries most of the momentum, and it is only accelerating. Europe is largely a medical-only market right now. billion by 2026.

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European insurtech startup Wefox grabs $650 million at $3 billion valuation

TechCrunch

We nailed how to disrupt it in our core market,” Teicke said. As a full-stack insurance company licensed in Lichtenstein, Wefox can passport its license to other European countries. The company is currently live in five markets right now and is working on expanding to Italy soon. We’re tackling that $5.2

Italy 116
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Amazon opens Alexa AI tech for the first time so car makers can build custom assistants

The Verge

While Amazon has allowed companies to build skills for Alexa and allows pretty much any consumer electronic device maker to integrate Alexa into a compatible product, the e-commerce giant has not licensed the underlying AI tech for use in other assistant-like products. Amazon is calling the new offering Alexa Custom Assistant.

Alexa 126
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German insurtech startup Getsafe adds $63 million to its Series B

TechCrunch

The service is now active in two markets — Germany as well as the U.K. While Getsafe still has more customers in its home market, the company’s metrics are going up. With the additional funding, Getsafe plans to finally get its own insurance license. Getsafe’s fully licensed insurer should go live soon, at some point in 2021.

Germany 86
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Business banking startup Qonto raises $552 million at $5 billion valuation

TechCrunch

It currently operates in France, Germany, Italy and Spain. The startup then applied to get its own license to become a payment institution. This is a fragmented market as each country uses different accounting tools. Essentially, Qonto combines inbound marketing with the high margins of a SaaS product.

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VU raises $12M to remove cybersecurity friction from digital experiences

TechCrunch

Pretty soon, people won’t have to provide a fingerprint or a driver’s license to prove their identity — if VU has its way. VU is one of several startups applying technology to fraud and identity within a global digital identity market expected to reach over $33 billion by 2025, according to Adroit Market Research.

Digital 106