European unicorn layoffs: Gorillas lays off 300 employees at HQ; Klarna to let go 10 per cent employees globally
Gorillas will lay off 300 of its team members in order to cut costs and extend the company’s runway.
Fintech
Payments, neobanks, embedded finance, and the regulatory boundary between fintech innovation and the financial system it sits on top of.
933 articles · Fintech
New Irish unicorn! TransferMate secures €66M to disrupt cross-border payments and expand
TransferMate provides B2B payments infrastructure as a service, enabling companies to send and receive cross-border payments faster, easier and at a lower cost.
Eurazeo-backed Thought Machine raises €151.3M led by Temasek; doubles valuation to €2.5B
Thought Machine is a fintech company that builds cloud-native technology to revolutionise core banking.
After being granted the Dutch EMI licence, Modulr raises €102.7M led by General Atlantic
Modulr is a Payments-as-a-Service API platform for digital businesses that can integrate into any product or system.
Amsterdam’s bunq plans to acquire Brussels-based TriCount; will gain 5.4M new users
Amsterdam-based challenger bank bunq announced on Wednesday that its plans to acquire Brussels-based fintech company TriCount, a mobile app to manage group expenses.
Just six months after raising €9.5M seed round, fintech startup kevin. raises €61.8M Series A led by Accel
kevin. is on a mission to offer innovative and convenient payment solutions that remove unnecessary intermediaries in the payment process.
Amsterdam's Change gets brokerage licence to offer crypto and traditional investment services
Change, an Amsterdam-based cryptocurrency platform for retail investors, announced that it has acquired a new Dutch licence that will…
Luxembourg-based Banking Circle Group acquires Bayern-based SEPAexpress to expand financial ecosystem
Luxembourg-based fintech company Banking Circle Group announced that it has acquired Account-to-Account (A2A) payment provider SEPAexpress to expand its financial ecosystem.
Outfund raises €136.5M; commits to loan €593.7M+ in 2022 to ecommerce and subscription-based businesses
Outfund serves as an alternative financing channel that lets businesses get the funds they need based on their future revenue projections and at fairer terms and rates.
Dutch-based BOTS’ sister company Holland Crypto receives cryptocurrency registration from De Nederlandsche Bank
BOTS offers its users the opportunity to invest in various bots, a programme that buys and sells based on trading algorithms with a specific strategy.
Sweden’s Gimi partners with Dutch bank ABN AMRO to help young people manage and understand their finances
Gimi is an app that claims to improve the financial well-being of the next generation by helping children make smarter financial decisions.
Amsterdam’s transaction monitoring startup Sentinels acquired by Irish fintech unicorn Fenergo
Sentinels helps fast-growing fintechs, payment service providers, remittance companies, and (challenger) banks manage risk and fulfil their compliance obligations.