Azimo tech.eu

Azimo gets €20 million in debt financing from EIB to grow its global money transfer service

Azimo, the European money transfer service, has entered into a €20 million debt agreement with the European Investment Bank (EIB). The loan will help Azimo accelerate its expansion, product development, and grow its technical team in Kraków, where the majority of its staff is located. Headquartered in London, the fintech company offers cross-border money transfers […]

Bitmovin techeu

Bitmovin receives €20 million financing from EIB to strengthen global stake of its video technology

Bitmovin, the Austrian multimedia company that’s now headquartered in San Francisco, will receive up to €20 million in financing from the European Investment Bank (EIB). The loan is guaranteed by the Juncker Plan, under which the EIB and the European Commission are working together to boost the competitiveness of the European economy. Bitmovin powers world-leading […]

European Investment Bank lends up to €110 million to Dräger to boost its medical technology research and development efforts

The European Investment Bank (EIB) will lend up to €110 million to Dräger, a German company specialised in medical and safety technology. Founded in Lübeck in 1889 (yes you read that right), Dräger will use the fresh financing to fund R&D projects in medical technology targeting life-saving systems such as anaesthesia devices and ventilators. Jyrki […]

European Investment Bank will lend €100 million to Dutch and German small businesses through Funding Circle

The European Investment Bank (EIB) has announced that it will lend €100 million to Dutch and German small and medium enterprises through the Funding Circle peer-to-peer business loans platform. The bank expects this investment to support more than 2,000 startups and small businesses, based on the average loan amount of €40,000 to €70,000. This is […]

Swedish cleantech startup Orbital Systems receives a €15 million loan from the European Investment Bank

Orbital Systems, a Sweden-based startup that has developed a water-saving recirculating solution for showers, has received a €15 million loan from the European Investment Bank (EIB) structured as venture debt. The loan is guaranteed by European Fund for Strategic Investments (EFSI) as part of the Investment Plan for Europe. The main product of Orbital Systems, the […]