Category Archives: Europe

PayFit raises $79 million for its payroll service

French startup PayFit is raising a new $79 million funding round (€70 million) from Eurazeo and Bpifrance. The company first started with a payroll service for small and medium companies in France. It has evolved into a full-fledged HR solution for multiple European countries. PayFit uses a software-as-a-service approach so that small companies can easily manage payroll and HR information from a web browser. Everything stays up-to-date and compliant with labor regulation. After you enter information about your employees, PayFit automatically generates pay slips every month. Your […]

Read more

Why is Andreessen Horowitz (and everyone else) investing in Latin America now?

Investments by U.S. venture capital firms into Latin America are skyrocketing and one of the firms leading the charge into deals is none other than Silicon Valley’s Andreessen Horowitz . The firm that shook up Silicon Valley with potentially over-generous term sheets and valuations and an overarching thesis that “software is eating the world” has been reluctant to test its core belief… well… pretty much anywhere outside of the United States. That was true until a few years ago when Andreessen began making investments in Latin America. […]

Read more

Emma, the London-based money management app, launches in the US and Canada

Emma, the U.K. money management app (now calling itself your “best financial friend”), has launched in the United States and Canada — and is now one of a plethora of London fintechs venturing states-side. Competing banking app Cleo entered the U.S. nine months ago, and challenger bank Monzo is thought to be gearing up to launch across the pond soon, to name just two. Emma says the U.S. launch comes after partnering with Plaid, the U.S.-based fintech that specialises in bank account aggregation. The London startup says […]

Read more

Monzo, the UK challenger bank with over 2 million users, expands to the US

Monzo, the U.K. challenger bank with more than two million customers and a unicorn valuation to go with it, has formally announced its U.S. expansion. The tentative move — which TechCrunch exclusively reported was underway five months ago — will see a U.S. Monzo app and connected Mastercard debit card made available via in-person signups at events to be held soon. The roll-out will initially consists of a few thousand cards, supported by a waitlist in preparation for a wider launch. In a call, Monzo co-founder and CEO […]

Read more

N26 shares some metrics

Fintech startup N26 just issued an update on its main metrics. The bank now has 3.5 million customers across 24 European markets. The company is about to expand to new countries, such as the U.S. and Brazil but it sounds like the company is not ready just yet. In addition to the Eurozone, N26 is currently available in the U.K., Denmark, Norway, Poland, Sweden, Liechtenstein and Iceland. If you look at past milestones, N26 announced reaching 2 million customers back in November 2018, 2.5 million customers in […]

Read more

London’s LocalGlobe just closed on two funds totaling $295 million

Seven months ago, TechCrunch’s Steve O’Hear reported that LocalGlobe had begun the fundraising process for two separate funds. The London-based seed-stage venture firm was raising yet another seed-stage venture fund, O’Hear said at the time; he also noted that LocalGlobe was also expect to raise its first opportunities fund. Fast-forward and today, the firm, founded by father and son duo Robin and Saul Klein, says it has closed both, having secured $115 million in capital commitments for its seed fund and $180 million in capital commitments for […]

Read more

Lilium, the ambitious German air taxi company, picks London for its new software engineering base

Lilium, the ambitious Munich-based startup developing an all-electric vertical take-off and landing (VTOL) device, has announced that London is to be its new software engineering base, flying in the face of Brexit, you may well say. This, says the company, will create “hundreds of high-end software engineering roles” in the U.K. capital city over the next five years. Alongside designing and manufacturing a new type of jet, Lilium plans to launch a fully vertical “air taxi” service by 2025, which will require consumer-facing “hailing” apps and sophisticated […]

Read more

Wire collaborates with EY for on-premise end-to-end encrypted messaging app

End-to-end encrypted messaging app and service Wire announced a partnership with accounting and consulting company EY. Essentially, Wire is providing an on-premise version of its messaging service so that EY can control the servers and use it for their communication needs. Both companies announced the deal a few weeks ago, and I talked with Wire and EY executives about the thinking behind this implementation. “It’s very hard to monetize [Wire] on the consumer market,” Wire CEO Morten Brøgger told me. The company thinks it’ll never become a […]

Read more

Unmortgage, the ‘part own, part rental’ housing startup, loses founder and CEO

Unmortgage founder and CEO Rayhan Rafiq-Omar (centre) has departed the company Unmortgage, the London-based startup that wants to let people buy as little as 5% of a home and rent the rest, has lost its founder and CEO, TechCrunch has learned. According to a regulatory filing on Companies House, Unmortgage’s Rayhan Rafiq-Omar was terminated as a director on 4 May, and has been replaced on the board by Unmortgage co-founder and product lead Josef Wasinski. However, sources tell me the board room reshuffle is the result of […]

Read more

Depop, a social app targeting millennial and Gen Z shoppers, bags $62M, passes 13M users

The rising popularity of omni-channel commerce — selling to customers wherever they happen to be spending time online — has spawned an army of shopping tools and platforms that are giving legacy retail websites and marketplaces a run for their money. Now, one of the faster growing of these is announcing an impressive round of funding to stay on trend and continue building its business. Depop, a London startup that has built an app for individuals to post and sell (and mainly resell) items to groups of […]

Read more
1 2 3 34