Fintech startup PixPay offers debit cards for teens, with tools for parents

The French fintech startup PixPay is offering a new alternative for kids and their parents to manage money, instead of cash or a conventional bank account.  Unlike with most other digital challenger banks such as Revolut, kids 10 years and up can create an account with PixPay, according to TechCrunch.  Often, conventional banks do little to meet […]

Telecel, MEST, and the IFC look to give African startups a leg up

Telecel, MEST, and the IFC look to give African startups a leg up

There’s no doubt that Africa’s startup sector has been booming. Last year saw a four-fold increase in funding raised for African startups, with the total number of deals doubling. Startups across the continent raised over $725 million, soaring nearly 40 percent from $528 million the year before. There were also more large funding rounds over $5 million, with the […]

Paris-based startup Virgil raises €2.1m to help young professionals buy homes

Paris-based startup Virgil raises €2.1m to help young professionals buy homes

The fintech startup Virgil has raised €2.1 million to provide funding for cash-strapped young professionals aiming to buy a home despite rising cost of living and stagnant wages, according to Tech.eu.  Virgil has now drawn investment from Alven Capital, LocalGlobe and Kima Ventures, along with angel investors such as Greg Marsh and Demetrios Zoppos, founders of onefinestay, […]

French startup Leavy.co raised $14m in seed funding, with an app to help travelers rent out their home while away

The Paris-based travel tech platform Leavy.co has disclosed a seed funding round that earned $14m earlier this year, according to TechCrunch. The company says it’s the most seed funding ever earned in a round by a travel tech startup. The platform allows travelers to rent out their home while away, and is geared toward millennials who […]

London revokes Uber’s license to operate, saying drivers were using fake identities

Uber has lost its license to operate in London, following findings that drivers had faked their identities to register on the platform, according to BBC News.  The city’s transit authority, Transport for London (TfL), declined to renew the company’s license at the end of a two-month probationary extension. The ridesharing platform had been warned that it […]

Investment in Europe’s tech startups surged 40 percent to a record $34.3 billion this year

European startups earned a record level of investment in 2019, drawing $34.3 billion in venture capital since the start of the year, according to the latest “State of European Tech” report from the London-based VC firm Atomico. It’s a 40 percent increase from the year before, and occurred even as US and Asian markets saw investment slowing.  […]

French startup Angell unveils advanced, connected e-bike with integrated dashboard screen

The French startup Angell revealed its first e-bike this week, a ‘smart bike’ with advanced design and features, according to TechCrunch. The company is positioning itself to take advantage of an opportunity in the French market, where their data shows only 2 percent of commuters travel cities by bike, compared to 31 percent in the Netherlands […]

Textbook subscription platform Perlego, the ‘Spotify of books,’ raises £7m in Series A funding

Textbook subscription service Perlego has raised $9m (£7m) in a Series A funding round, to add new features and expand its platform into the European market, according to TechCrunch.  Perlego bills itself as “Spotify for textbooks,” offering access to a large collection of educational books for a flat monthly subscription fee. The library includes 300,000 eBooks […]

Google to offer personal “smart checking” bank accounts

Google has announced plans to offer “smart checking” accounts to consumers, partnering with banks and credit unions in the US. The move will see Google join other tech giants moving to provide financial services, according to BBC News.  Launched through Google Pay, the services will allow the use of Google’s analytics tools for conventional bank accounts.  […]

Balderton Capital raises $400 million to invest in European tech startups

London-based venture capital firm Balderton Capital has raised $400 million for its seventh investment fund to back Europe’s tech startups. The fund will focus on early, Series A funding for enterprise software companies, health tech, and “deep-tech” such as artificial intelligence, according to Bloomberg.  Earlier Balderton funds concentrated on financial technology and other areas, but the […]