In a recent investigation by the Dutch Authority for the Financial Markets (AFM), Tinka, a reputed credit provider offering deferred payment options for online and in-store purchases, has been found to have breached legal standards for responsible credit provision on multiple fronts. As a result, AFM has decided to impose an administrative fine of €1,750,000 […] Read more ›
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In 2018, the UK’s Financial Conduct Authority (FCA) fined former Barclays CEO Jes Staley £642,430 (around €750,000) for his attempt to unmask a whistleblower. The regulators also ordered the bank to report how it handles whistleblowing annually. In the wake of the #MeToo movement, whistleblowing has not only become a common parlance but an industry […] Read more ›
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Paris-based Naboo, a corporate offsite booking platform, announced that it has secured €7.5M to shake up the corporate seminar market. The funding came from investors including ISAI, Kima Ventures, Better Angle, and its historical partners CapHorn and Maif Avenir. Since 2022, the company claims to have transformed the industry with its one-stop-shop platform, offering instant […] Read more ›
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Software investor Main Capital Partners announced that it has made a majority investment in cisbox, a company based in Solingen (Germany) that provides Procure-to-Pay (P2P) software. Serving as a strategic partner, Main aims to propel cisbox’s growth through organic and inorganic strategies. This acquisition is Main’s second platform investment in the DACH region in 2024, […] Read more ›
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Utrecht-based NOWOS, a battery repair specialist for cars and bicycles, announced that it aims to expand across Europe with plans to open 20 new branches in the next five years. Starting in Germany in 2024, the company targets expansion in Italy and Spain in 2025, followed by Denmark, Austria, Poland, Romania, and Greece in subsequent […] Read more ›
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Arnhem, The Netherlands-based Deftpower, an AI-supported SaaS platform for EV charging, announced that it has secured funding from 4impact Capital. Existing investors, including Proeza Capital, Twickelborg, Cosmic Cat, Rethink Ventures, and Koolen Industries, also participated in the funding round. The company plans to use the funds to accelerate rapid expansion in the next two years. […] Read more ›
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Amsterdam’s Hivello, a startup that aims to increase the helium digital network by supplying Helium hotspots to people, has increased its funding round, securing an extra $1.5M (approximately €1.37M). This boosts its total raised amount to $2.5M (approximately €2.29M) within the past four weeks. In December 2023, Hivello raised nearly €913K in its pre-seed round. […] Read more ›
2
UK-based AltFi, a digital news publication exclusively covering financial technology, announced that it will shut down its business after a decade of operation. The news is a significant blow to the fintech community. It marks the end of an era for a publication that played a pivotal role in covering the evolution of the UK […] Read more ›
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Amsterdam-based MessageBird, a global communication platform, has officially rebranded as Bird. The unicorn has also unveiled new pricing and services. The company aims to revolutionise the industry by democratising access to global carrier networks and providing customers with more value at a fraction of the cost. Robert Vis, founder of Bird, says, “We don’t believe […] Read more ›
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Herpen, the Netherlands-based Orexa, a clinical-stage pharmaceutical company, announced on Wednesday, January 31, that it has secured €870K from new as well as existing investors. The announcement comes over one year after raising €485K in a funding round last year. To date, the company has raised €3.3M in funding. “Thanks to both new and existing […] Read more ›
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Munich-based BOX ID, a logistics software provider, announced that it has secured €3.5M in a fresh round of funding to expand its IoT-based supply chain visibility offerings. The investment was led by KPN Ventures, and also saw participation from existing seed investors HTGF, Bayern Kapital, and Wille Finance, along with business angels from the BayStartUP […] Read more ›
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Delft-based Qlayers, a company specialised in pioneering industrial coating application technologies, announced on Wednesday, January 31st, that it has secured an undisclosed investment from Rotterdamse Havendraken. The company will use the funds to accelerate global expansion and cement its position in the industrial coating technology sector. “With this investment from Rotterdamse Havendraken, we’re not just […] Read more ›
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Seroba, a Dublin-based life sciences venture capital firm, has closed its Seroba Fund IV at €123M. The fund aims to make up to 12 investments and has already invested in five companies, including Perfuze, Sibylla Biotech, Deciphex, Complement Therapeutics, and Artica Therapeutics, all focused on developing treatments for medical needs. Seroba Fund IV will focus […] Read more ›
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Amsterdam-based DataSnipper, an intelligent automation platform for audit and finance, has raised $100M (approximately €92.53M) in a Series B round of funding. With this round, the company has earned the status of a unicorn. The investment was led by London-based venture capital firm Index Ventures, valuing the company at $1B. This development comes after DataSnipper […] Read more ›
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The Dutch Data Protection Authority (AP) is fining the US-based ride-hailing company Uber €10M for not fully disclosing data retention details of European drivers and not revealing non-European countries with whom the data is shared. The DPA also noted Uber’s obstruction of drivers’ right to privacy. AP chairman Aleid Wolfsen says, “Drivers have the right […] Read more ›
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Vienna-based BAWAG Group announced that it has acquired Amsterdam-based Knab – a bank for self-employed people, by purchasing 100 per cent of its shares from ASR Nederland N.V. for €510M. BAWAG Group serves 2.1 million customers across Austria, Germany, Switzerland, Netherlands, Western Europe, and the US. The publicly listed company offers a variety of financial […] Read more ›
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Vilnius-based Practica Capital, a venture capital firm dedicated to backing Baltic founders, announced the final closing of its third vintage and largest fund to date, Practica Venture Capital III, at €80M. Practica Venture Capital III is three times larger than its predecessor. This capital aims to provide financial support for Baltic founders, making it the […] Read more ›
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Stan Hamers, ex-Managing Director of GVT Transport & Logistics, has acquired QC United’s assets (Quicargo) through S. Hamers Holding, just a week after the company’s bankruptcy declaration. This move allows the Amsterdam-based logistics startup to resume operations starting today. Due to financial difficulties, Quicargo temporarily ceased operations on 18 January, leading to a court-declared bankruptcy […] Read more ›
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Barcelona-based Nebeus, a company empowering digital nomads and marketplaces with payments, crypto, and card solutions, has secured €250M in institutional funding for its crypto-backed loan programme. Nebeus caters to corporate and consumer clients, providing a secure service with a low-interest rate structure. This initiative allows individuals and businesses to leverage cryptocurrency assets for real-world financial […] Read more ›
1
Vienna-based venture capital firm Speedinvest has closed its fourth flagship fund, Speedinvest 4 (Si4), at €350M, an additional €50M above target. The final close for this fund brings the total assets to over €600M. Speedinvest closed the first round for Speedinvest 4 at €300M in December 2022. In the same year, an extra €250M was […] Read more ›
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Most popular sources
Business Insider
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29% 2 |
Wired
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10% 6 |
The Verge
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7% 0 |
Tech Wire Asia
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7% 4 |
Gizmodo
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6% 0 |
| View sources » | |
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26.11.2024 23:40
Last update: 23:36 EDT.
News rating updated: 06:31.
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