acquisition and partnership

Just Eat Takeaway.com Sells Grubhub to Wonder Group in $650 Million Deal

Amsterdam, Netherlands – November 14, 2024 – Just Eat Takeaway.com, a leading global online food delivery platform headquartered in Amsterdam, has entered into an agreement to sell its U.S.-based subsidiary, Grubhub, to the Wonder Group for an enterprise value of $650 million (approximately €612.83 million). This strategic transaction, expected to close in the first quarter […]

Fintech

Klarna Moves Towards U.S. IPO Amidst Strategic Developments and Global Expansion Efforts

Stockholm, Sweden – November 14, 2024 – Klarna, the AI-powered global payments and shopping assistance network, has confidentially submitted its initial public offering (IPO) paperwork to the U.S. Securities and Exchange Commission (SEC). The Stockholm-based fintech unicorn, widely recognized for its innovative “Buy Now, Pay Later” (BNPL) solutions, has not yet disclosed the number of […]

Startup Funding

Writer Secures $200M Series C Funding, Valued at $1.9 Billion, to Drive Enterprise Generative AI Innovation – Fintech News Europe

SAN FRANCISCO–(BUSINESS WIRE)–Writer, a pioneering full-stack generative AI platform for enterprise applications, has announced a successful $200 million Series C funding round, elevating its valuation to $1.9 billion. Co-led by Premji Invest and Radical Ventures, with significant support from existing investor ICONIQ Growth, the funding round also saw participation from Salesforce Ventures, Adobe Ventures, B […]

Banking

Amsterdam’s Sympower Secures €21.3M in Oversubscribed Series B1 to Accelerate Europe’s Green Energy Transition

Amsterdam, Netherlands – Sympower, a leading Amsterdam-based provider of flexibility services designed to support Europe’s shift toward a renewable energy system, has raised €21.3 million in an oversubscribed Series B1 funding round. The financing round was led by A&G Energy Transition Tech Fund (A&G ETTF) with additional investment from the European Investment Fund (EIF), alongside […]

Startup Funding

Nordic Air Defence Raises €1.2M to Develop Independent, Cost-Effective Drone Defense Technology for Europe

Stockholm-based startup Nordic Air Defence has secured €1.2 million in a funding round led by Norway’s SNÖ Ventures, with additional participation from notable private investors, to advance its innovative drone defense platform. Sweden’s defense tech innovator, Nordic Air Defence, announced it has raised €1.2 million to accelerate the development and deployment of its breakthrough drone […]

Payments

UAE-based Careem Pay Introduces Instant Transfers to Europe and Business Payments to India – Fintech News Europe

Careem Pay Expands International Remittance Services to Five New European Countries Dubai, UAE — Careem Pay, the digital wallet and fintech platform within the Careem Everything App, has expanded its international remittance service, now enabling UAE residents to transfer money to Spain, Italy, France, Ireland, and Germany. This latest expansion adds five new European countries to Careem Pay’s […]

Investing

Amsterdam’s Invest-NL Partners with Bpifrance to Drive European Innovation and Sustainability

Amsterdam, Netherlands – November 2024 – Invest-NL, the national investment and development institution of the Netherlands, has formalized a four-year strategic partnership with Bpifrance, France’s public investment bank. This collaboration, anchored by a newly signed Memorandum of Understanding (MoU), aims to bolster European innovation, sustainability, and entrepreneurial growth through shared knowledge, resources, and joint initiatives. […]

Startup Funding

Bubty Secures €3M in Seed Funding to Address Global Freelancer Misclassification Risks

The Hague-based Bubty, a leading provider of Freelance Management Systems (FMS), announced today it has raised an additional €3 million in seed funding from its existing investors. This funding follows an initial €1.73 million round secured nearly a year ago and will drive the company’s global expansion of its compliance-focused solution, Bubty Services. Scaling Compliance […]

Fintech

Bitcoin Edges Closer to $90,000 After Hitting Yet Another High – Fintech News Europe

Bitcoin Nears Record High of $90,000 as Market Bets on Trump’s Presidential Return Bitcoin surged to a new all-time high of $89,640 early Tuesday, edging closer to the highly anticipated $90,000 mark as investors ramp up bets on Donald Trump’s return to the White House after his decisive victory in last week’s U.S. presidential election. […]

Fintech

Bitcoin Breaks $81,000 as Trump’s election turbocharges Cryptocurrencies – Fintech News Europe

Singapore – Bitcoin reached a record high above $81,000 on Monday amid a growing belief that cryptocurrencies could thrive under a favorable regulatory environment in the United States following Donald Trump’s recent election as President, along with the success of pro-crypto candidates in Congress. The world’s largest and most popular cryptocurrency has more than doubled […]

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