Germany

HV Capital Closes $782 Million Fund for ‘Technology Disruptors’
HV Capital Closes $782 Million Fund for ‘Technology Disruptors’
May 04, 2023  |  Investments

Germany’s HV Capital says it has closed a €710 million ($782 million) fund targeting “high-growth” firms. The new fund — the venture capital (VC) investment...

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Getir Could Buy Ultrafast Grocery Rival Flink
Getir Could Buy Ultrafast Grocery Rival Flink
May 01, 2023  |  Acquisitions

Ultrafast grocery provider Getir is reportedly in discussions to snap up German competitor Flink. The talks, reported Monday (May 1) by the Financial Times (FT),...

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Amazon Enables Sellers to Add 9 European Stores
Amazon Enables Sellers to Add 9 European Stores
April 19, 2023  |  Amazon Commerce

Amazon now enables sellers to expand their business more quickly to its nine European stores. The new European Expansion Accelerator allows sellers who already sell in at least...

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Report: Allianz Selling Share of N26 at Sharp Discount
Report: Allianz Selling Share of N26 at Sharp Discount
April 19, 2023  |  Investments

Insurance group Allianz is reportedly selling its stake in neobank N26 at a steep discount. According to a report late Tuesday (April 18) by the...

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Mytheresa Hopes to Carve Space in China’s Luxury Market
Mytheresa Hopes to Carve Space in China’s Luxury Market
April 18, 2023  |  Retail

Germany’s Mytheresa is reportedly hoping to court shoppers in China’s busy luxury space. CEO Michael Kliger said the upscale eCommerce company will begin employing personal...

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Societe Generale and Lemonway Team on B2B Marketplace Effort
Societe Generale and Lemonway Team on B2B Marketplace Effort
April 11, 2023  |  B2B Payments

Societe Generale has teamed with payments firm Lemonway to help European companies launch B2B marketplaces. “Large corporates are accelerating their digital transformation, which has become vital for their...

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Germany Could Grab 3.4 Billion Real-Time Payments Opportunity by 2026
Germany Could Grab 3.4 Billion Real-Time Payments Opportunity by 2026
April 10, 2023  |  Real-Time Payments

As European Union countries have leveraged preexisting economic relationships to offer quick and seamless cross-border payments across the region, real-time payment adoption has seen historic...

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German eCommerce Sales Fall as Consumers Avoid Nonessentials
German eCommerce Sales Fall as Consumers Avoid Nonessentials
April 06, 2023  |  Retail

Online shoppers in Germany are displaying a “just-the-basics” approach to spending. A report Thursday (April 6)  from German eCommerce association BEVH showed that online sales...

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Germany Reportedly Forming New Anti-Money Laundering Agency
Germany Reportedly Forming New Anti-Money Laundering Agency
March 29, 2023  |  AML

Germany is reportedly forming a new agency focused on anti-money laundering (AML) and sanctions efforts. The new organization will be called the Federal Authority for...

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