Today in European Tech: Wise refinances its debt with £160 million capital boost, Klarna considers London IPO, and more

Today in European Tech: Wise refinances its debt with £160 million capital boost, Klarna considers London IPO, and more

Hello!

Here's what happened today in European Tech.

Deals

- Wise (formerly TransferWise) will 'connect with over 3,000 banks around the world' thanks to a partnership with Temenos, as Silicon Valley Bank provides it with a £160 million capital boost to help refinance existing debt.

- London and Tel Aviv-based venture capital firm 83North has received commitments totalling $550 million for its sixth fund.

- Tel Aviv-based bizops startup Salto has raised $42 million in a Series B round led by Accel. The round also saw a heavy investment from Salesforce Ventures, and follow-on investment from Bessemer Venture Partners and Lightspeed Venture Partners.

- Israeli healthcare IoT cybersecurity and asset management startup Cynerio has secured $30 million in Series B funding.

- Munich’s battery analytics software company TWAICE has raised $26 million in a Series B round led by Energize Ventures (not to be confused with Energizer, the battery company, and bunny, of a similar name). All previous investors including Creandum, Speedinvest, and Cherry Ventures followed on.

- London-based digital asset brokerage GlobalBlock has been acquired by Canadian listed Helix Applications at a value of £32 million.

- Copenhagen-based project and resource management service Forecast has raised $19 million in a Series A round led by Balderton Capital.

- Real-time automated payroll software platform Pento has raised $15.6 million in a Series A round led by General Catalyst.

- 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 most valuable startup, Klarna, said its decision on whether to move ahead with a blockbuster listing in London hinges on the UK government’s post-Brexit financial services regulation.

- Flying in the face of the traditional entrepreneurship model, Franco-Belgian startup think tank/incubator/VC facilitator eFounders celebrates its 10 year anniversary today with the formal announcement of a $2 billion portfolio valuation.

- The European Central Bank has warned that the charges levied by banks for instant payments are proving a barrier to uptake and "must change".

- Proposed EU rules targeting Facebook, Google and other large online platforms should include privacy rights for users as well as their right to anonymity, a key EU lawmaker steering the debate at the European Parliament said today.

- European lawmakers have adopted a resolution urging the European Commission to combat illegal online broadcasts of sports events.

- HERE Technologies is to power UK-based electric vehicle maker Arrival’s in-vehicle navigation solution.

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