This Week in European Tech: Visa takes over Tink, Mollie valued at €5.4 billion, EA buys Playdemic studio in £1 billion deal, and more

Robin Wauters

Robin Wauters

Co-founder and editor-in-chief of Tech.eu, with previous stints at The Next Web and TechCrunch under his belt. Deeply in love with his family, technology, traveling and Belgian beer.
robin@tech.eu

Happy Friday!

This week, our research team tracked 110+ deals funding deals worth more than €2.9 billion in aggregate, as well as 20+ exit deals across Europe, including Russia, Israel, and Turkey.

As always, we are putting all of them together for you in a handy list sent in our round-up newsletter (note: the full list is for paying customers only).

Recently, we also started publishing ‘Today in European Tech’, a daily round-up of deals and news stories that caught our attention. Keeping you updated on all things EU tech is our priority!

Today, instead of a daily round-up we give you an overview of the 10 biggest European tech news items for the past week (subscribe to our free newsletter to get this round-up in your inbox every Monday morning).

1) Visa takes over Sweden’s Tink for €1.8 billion

Payments giant Visa has announced a definitive agreement to purchase Stockholm’s open banking platform Tink for €1.8 billion, including cash and retention incentives.

2) Mucho money for Mollie

Mollie, an Amsterdam-based startup that provides a way for businesses to integrate payments into sites, documents and other services by way of an API, has raised €665 million in an all-equity round that values the company at €5.4 billion.

3) Forto scores $240 million in growth funding

Berlin-based digital freight forwarding and supply chain solutions provider Forto has raised a hefty $240 million. With this round, Forto now weighs in at a $1.2 billion valuation.

4) Edtech firm GoStudent raises monster round to scale up

SoftBank, Tencent and other leading investors are betting that the next big online education company will come out of Europe. Vienna-based online tutoring startup GoStudent has raised €205 million in a bumper investment round that values the five-year-old firm at €1.4 billion.

5) EA buys UK gaming studio Playdemic in £1 billion deal

Videogame giant Electronic Arts has swooped for Cheshire, UK-headquartered Playdemic in a £1 billion deal. Playdemic, founded in 2010 and led by CEO Paul Gouge, is the studio behind hit mobile game Golf Clash.

6) EU opens probe into Google’s adtech business

Google was in the EU antitrust spotlight again on Tuesday as regulators opened an investigation into whether its digital advertising business gives the Alphabet unit an unfair advantage over rivals and advertisers.

7) When rivals merge: Raisin and Deposit Solutions become one

Two of Germany’s largest fintech scale-ups, Raisin and Deposit Solutions, are merging into a new pan-European group called Raisin DS. The combined entity made up of the two firmer rivals will be headquartered in Berlin and will have around 400 banking partners as well as over 500 employees.

8) Aircall dials up $120 million in fresh funding

French cloud-based phone system and call centre platform Aircall has raised $120 million and now sits at a valuation of over $1 billion.

9) Call for a ban on facial recognition tech in public spaces

Europe’s two privacy watchdogs teamed up to call for a ban on the use of facial recognition in public spaces, going against draft European Union rules which would allow the technology to be used for public security reasons.

10) Germany launches antitrust probe against Apple

Germany’s competition authority, the FCO, has completed its Big Tech GAFA ‘bingo’ card by opening a proceeding against Apple. As with similar investigations already opened this year — into Amazon, Facebook and Google — the proceeding will determine whether or not the iPhone maker meets the threshold of Germany’s updated competition law.

Podcast(s):

Patient capital in European healthtech, with Fiona Pathiraja, Crista Galli Ventures.

Bonus link(s):

– The European Union will invest nearly €9 billion in European space programs over the period of 2021 to 2027, the European Space Agency (ESA) said.

– A ruling by Europe’s top court has shed some light on the conditions under which content-sharing platforms are exempted from responsibility for copyright infringements, with potentially far-reaching implications for the EU’s Copyright Directive and the Digital Services Act.

– Google’s YouTube won its latest copyright-infringement challenge after Europe’s top court said online platforms are not liable for users uploading unauthorised works unless the platforms failed to take quick action to remove or block access to the content.

– The European Commission laid out its vision for a Joint Cyber Unit to tackle evolving cyberthreats and to increase European resilience.

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