Today in European Tech: French fintech scale-up TagPay raises €25 million, Further merges with Trustedoctor, and much more

Today in European Tech: French fintech scale-up TagPay raises €25 million, Further merges with Trustedoctor, and much more

Hello and Happy New Year!

Here's what happened today in European Tech:


- Israeli cyberattack company NSO Group is considering an initial public offering, preferably on the Tel Aviv Stock Exchange.

- TagPay, a French SaaS company that developed a core banking system, has raised €25 million from Long Arc Capital. The New York-based firm joins Société Générale, Yves Eonnet and Hervé Manceron as shareholders.

- On a mission to provide affordable healthcare to patients with serious illnesses, Spanish global insurance provider Further has merged with UK-based digital platform Trustedoctor.

- Agricultural challenger bank Oxbury has raised £15 million in a third round of funding as it prepares for launch later this month.

- The Israeli startup, which has developed a platform to recruit employees on digital channels, was acquired for a reported $5 million by which is also active in the management and human resources platforms in the US market.

-, a Netherlands-based booking and review site for golfers, is poised to expand throughout Europe after raising €2.5 million in a funding round led by a group of angel investors.

- Nets Group's Finnish online payment subsidiary Paytrail is to acquire fellow e-commerce specialist Checkout Finland from OP Financial.

- Nine United, a privately-held family of companies has acquired Peak Capital’s portfolio company Flinders, a premium furniture retailer in the Netherlands and Belgium.

- Presidio, a North American IT solutions provider, today announced that it has completed its acquisition of Dublin, Ireland-based IT product procurement and services company Arkphire.

- Iceni Diagnostics, a UK firm behind a rapid Covid test that can identify infectious patients, has secured £2 million of committed investment for 2021.

- Thanks to a €900,000 funding round from new investors, Tallinn’s R8tech will expand its building management software that helps control the indoor climate of commercial buildings, reducing carbon emissions.

- We also tracked a large number of (other) European tech funding rounds and M&A transactions, all of which we are putting in a handy list for you on Friday afternoon in our weekly roundup newsletter (note: the full list is for paying customers only). Also check out our European tech news section for ongoing coverage.

Worth Reading/Knowing

- Europe’s Top Investors Reveal What’s Next For European Tech In 2021 (Forbes)

- An Italian court has ruled that an algorithm once used by Deliveroo to assess riders on its platform was discriminatory. The ruling found that the algorithm, which was used to evaluate delivery riders on the platform, was in violation of labor laws because it did not differentiate between the reasons a rider may have for not working.

- Some EU specialist online retailers have said they will no longer deliver to the UK because of tax changes which came into force on 1 January.

- Here are the biggest fintech funding rounds of 2020 in Europe.

- The Brexit deal leaves the future uncertain for financial serviceshere’s what is at stake. (CNBC)

- The 5 Largest French Tech VC Rounds Of 2020.

- Founders! Please consider participating in the annual European Startup Monitor survey to help the European Startup Network folks shape relevant policies for European startups.

- The head of Swedish telecoms giant Ericsson, Bjorn Ekholm, is worried about Chinese reprisals after Sweden banned Huawei from taking part in the rollout of 5G networks.

- In the UK, police have vowed to seize e-scooters and fine riders £300 amid boom in Christmas sales.

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