December 07, 2022
EU Tech Sector Sees $400B in Market Cap Wiped Out
Europe’s tech sector saw $400 billion in value erased this year. That’s according to a new report by the London-based venture capital (VC) firm Atomico, which found that the total...
December 06, 2022
Open Banking Data Shakes Up European Insurance Market
Insurers are increasingly turning to open banking to personalize coverage, increase access and streamline applications. In the latest example of the trend, U.K. open banking provider Yapily recently announced that...
December 06, 2022
Why Startups Need Consolidation and Profitability to Win Back Investors
Venture capital funding has dwindled significantly following a banner year in the tech investment space. According to Thomas Cuvelier, partner at Paris-based venture investment firm Alven, the bulk of the blame lies...
November 29, 2022
Zilch Latest BNPL Firm to Lay Off Staff
U.K.-based BNPL firm Zilch is reportedly laying off staff as it looks to cut costs. The Zilch layoffs, first reported in the Evening Standard on Saturday (Nov. 26), are said...
November 28, 2022
Report: Lithuanian Apparel Resale Site Vinted Aims for US After...
The fastest growing apparel reseller in Europe is looking to bring its game to the U.S. market. This, as Vinted is expanding beyond its base in Lithuania, after successfully building...
November 27, 2022
Crypto Lender Matrixport Raises Valuation to $1.5B Despite FTX Collapse
Asian cryptocurrency unicorn Matrixport Technologies is seeking $100 million in funding despite its presence in a digital asset market still feeling the shockwaves of FTX’s collapse. Bloomberg News reports that...
November 18, 2022
Chipper Cash to Buy Zoona to Expand Cross-Border Payments in...
Pan-African cross-border payment app Chipper Cash reportedly intends to acquire Zambian FinTech Zoona Transactions International. The deal, subject to authorities’ approval, would bring to Chipper Cash new online services, a new agent network...
November 15, 2022
Neobank Licensing Sets Stage for Saudi FinTech Acceleration
In the evolution of FinTech in any given market, there are certain phases and milestones that can be observed. For example, the development of payment applications typically precipitates a wave...
November 15, 2022
Opn Enters US Payments Market With $400M MerchantE Deal
Japanese FinTech unicorn Opn has entered the American payments market with its purchase of MerchantE, a B2B digital commerce platform. “With the acquisition, Opn’s global footprint now spans seven countries,...