Klarna has acquired Italian payment company Moneymour, purchasing the startup from founders and minority investors. With the acquisition, the Swedish fintech company is establishing a product development hub in Milan and a foothold in the Italian e-commerce market. Moneymour, founded in 2017 by Giacomo De Lorenzo and Michele Giannotta, allows online shoppers to buy on […]
About two weeks ago, I attended the Paris Fintech Forum in, well, Paris, where I met up with Christian Faes. An affable yet opinionated Australia-born entrepreneur, Faes co-founded LendInvest and recently stepped down as CEO of the UK-based fintech scale-up, which has secured a fortune in equity and debt funding as it steadily grew into […]
EasyEuro, a fintech startup based in Paris and Shenzhen, China, has raised $4 million in a round led by Shanghai-based Ally Capital, with support from seed investors SwiftPass, Geoswift, Huashan Capital and Unity Assets. The company is building a neobank for small to medium businesses that trade between Europe and Asia, with an initial focus […]
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 […]
Hamburg-based Receeve raised €4 million in seed funding from Mangrove Capital Partners and Speedinvest to digitally transform Europe’s debt industry. This round comes within a year of a pre-seed fundraise, €1 million from Seedcamp and other angel investors. Founded in 2019 by two American former VCs, Receeve offers a digital debt servicing platform that replaces […]
UK fintech startup Rimilia has raised $15 million in funding, with participation from Eight Roads Ventures, Kennet Partners and Silicon Valley Bank, to fuel expansion across Europe and North America. Rimilia has developed a SaaS platform for finance folk, tools that automate cash and credit management, reduce bad debt provision, and produce AI-driven insights. A […]
UK startup Upgrade Pack, an app providing discounted flight and hotel upgrades, has surpassed £5 million in seed funding after finalising a new £1.5m private investment, from mostly unnamed private investors. The London-based company sits at the intersection of finance and travel. The startup’s service is exclusively distributed through banks and credit card issuers as […]