Italian startup GoodBuyAuto.it raises €1 million for its used car marketplace

Italian startup GoodBuyAuto.it raised €1 million for its online marketplace to buy and sell used cars. Among the investors who participated in this second round of funding are Fabio Cannavale, CEO of Lastminute.com; Lorenzo Sistino, former CEO of Fiat; and Giuseppe Guillot, COO of the Yoox Group. The investors bring with them years of experience and expertise in different but complementary industries, and their confidence in the project means that these top managers will be providing the startup with both fresh capital and know-how.

Berlin-based fintech startup Cashboard raises €3 million

Berlin-based fintech startup Cashboard, which provides online wealth management services, has closed a €3 million Series A funding round. The investment comes from Digital Space Ventures, a $50 million fintech fund from Luxembourg. Also participating in the round were existing investors Redalpine Capital, Earlybird, and 500 Startups. Previous investors in the company also include Makers and ProSiebenSat.1.

European Airbnb rivals Wimdu and 9flats join forces in merger

Rocket Internet -backed Wimdu is merging with its rival accommodation booking platform 9flats in hopes to withstand Airbnb’s rise in Europe. The merger will result in Europe’s largest p2p accommodation rental marketplace, the companies claim, with half a million of properties on offer. Furthermore, the merger should result in ‘improved customer choice and experience’, and […]