Europe

Embedded finance continues to be the engine driving the growth of fintech, with one group of companies building core banking, payments and other financial technology, and a much bigger group tapping that technology through APIs to build customer-facing businesses. Today, one of the bigger players on the core technology side — Global Processing Services —
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Over 30 civil society organizations, pro-privacy tech businesses and European startups are making a last ditch pitch to try to convince EU lawmakers to put stricter limits on surveillance advertising as a major vote looms on an update to the bloc’s digital rules. The European Parliament will vote shortly to confirm its negotiating position on
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The success of Roblox and other user-created gaming experiences like Overwolf have democratized the concept of making games and have taken it into the mainstream. Now, a startup founded by veterans from Unity, Microsoft and EA that is building a new platform for creators to build immersive games, and related communities around like-minded people, is
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Twig, a London-based fintech targeting Gen Z and younger Millennial consumers with an e-money account that gives them instant cash-outs on fashion and electronics they want to sell, has closed a $35 million Series A round of funding. The investment is led by UK-based fintech specialist, Fasanara Capital, with additional backing from a number of
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“Deskless” workers have become a big focus for tech companies looking for new opportunities in the B2B market, and today a startup targeting this segment with e-learning tools is announcing a round of funding to fuel its own growth. EduMe, a London startup that provides online corporate training and education in the form of “microlearning”
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London-based Kodland, which started out back in 2018 offering in-person courses for children to learn digital skills like computer programming before switching focus to online learning from early 2020, has closed a $9M Series A funding round to scale into more markets. The round is led by Redseed Ventures, with participation from Baring Vostok, Kismet,
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French startup Doctolib held a (virtual) press conference this morning to share some metrics, look back at the company’s recent product launches and give a hint about future investments. Doctolib started as a booking platform for doctors and has expanded to other services for doctors and medical workers in general. With its software-as-a-service strategy, medical
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French startup Ankorstore has raised a $283 million Series C funding round (€250 million). Founded in November 2019, it took Ankorstore around two years to reach a post-money valuation of $2 billion (€1.75 billion). The company operates a wholesale marketplace for independent retailers across Europe. Ankorstore lets independent brands sell their products to independent retailers.
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Biometrics, and specifically facial recognition, have seen a surge of usage in the last several years, first as a tool to help organizations verify identities digitally against rising waves of fraud and cybercrime; and second as a way to help enable that process even further in our socially-distanced, pandemic-punctuated times. Today, a startup called iProov,
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Chalk another one up for decentralized enforcement: France’s data protection watchdog has slapped headline-grabbing fines on Facebook and Google for failing to respect local (and pan-EU) cookie consent rules. Today, the CNIL said it’s fined Google €150M (~$170M) and Facebook €60M (~$68M) for breaching French law, following investigations of how they present tracking choices to
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Carisa Nietsche Contributor Carisa Nietsche is an associate fellow for the Transatlantic Security Program at the Center for a New American Security. The TechCrunch Global Affairs Project examines the increasingly intertwined relationship between the tech sector and global politics. Europe has a well-earned reputation for regulating Big Tech, taking the lead on privacy, data protection and especially
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German on-demand delivery giant Delivery Hero is pulling its food delivery service out of Germany again. At the same time it has announced it will exit the Japanese market, by divesting Foodpanda Japan, starting in Q1 next year. In a statement accompanying the pre-Christmas exit news, the company’s CEO and co-founder, Niklas Östberg, said: “Scaling
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Enterprise software giant Sage has acquired the remaining stake in Brightpearl, originally a UK-based startup in cloud retail management, for $340m. Brightpearl provides a SaaS-based retail operating system, enabling real-time business insights. Sage previously owned 17% of the Bristol, UK-based startup, which MMC Ventures, a UK Series A investor, backed in 2014. The startup had
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Fintech startup LiveFlow has raised a $3.5M Seed round which was led by Moonfire Ventures with backing from Y Combinator, Seedcamp and WndrCo.  Also participating was Victor Jacobsson, co-founder of Klarna; Bradley Horowitz, former VP Product at Google; Oliver Jung, former VP International Expansion at AirBnB, Phillip Chambers, Peakon founder & CEO, and others. LiveFlow
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The European Union’s competition regulator has given the all-clear to Microsoft’s $19.7 billion purchase of transcription tech firm Nuance, which was announced earlier this year. The EU said today it has concluded there are no competition concerns for the region if the acquisition goes ahead, clearing it without conditions. The deal was notified to the
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