Europe

Money transfer company TransferWise has begun a private launch of its “Borderless account” for consumers. It marks the first time the European unicorn has offered a debit card (pictured below), a move that is bound to draw further comparisons with newer fintech upstarts such as Revolut. Initially rolling out to a thousand customers, with several
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France’s president has said he plans to introduce new legislation aimed at curbing the spread of online fake news during election periods. Concern about how social media platforms are being misappropriated to channel and amplify disinformation has rocketed up the political agenda in recent years, most especially in the wake of the 2016 US presidential
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What a challenging, exhilarating year it has been for women everywhere, starting from the women’s March on Washington to former Uber engineer Susan Fowler’s eye-opening and now famous blog post to the #metoo movement that has swept the country, washing dozens of sexual predators out of their powerful roles in the process. All the while,
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Can a deep dreaming AI transform low res photos into crisply detailed high res images? Let’s Enhance is an Estonia-based startup that’s using a so called ‘hallucinating AI’ deep neural network to power a freemium photo upscaling service. On its website it claims the learning software “hallucinates missing details to make image look natural”. It
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As cryptocurrency fever grips the tech world, and blockchain technologies gradually become more viable, there is a new wave of accelerators and incubators appearing to service this growing ecosystem. Some are covering funding and services, some are about services only. It’s fair to assume, however, that some kinds of cryptocurrency will be changing hands, of
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Back in August, ‘challenger’ bank Tandem said that it had signed an agreement to acquire Harrods Bank, the banking arm of the U.K.’s most famous luxury department store, subject to regulatory approval. Today, the startup bank is announcing that it has now received the go-ahead from the Prudential Regulation Authority, a division of the Bank
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Facebook, YouTube and Twitter faced another online hate crime grilling today by UK parliamentarians visibly frustrated at their continued failures to apply their own community guidelines and take down reported hate speech. The UK government has this year pushed to raise online radicalization and extremist content as a G7 priority — and has been pushing
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Facebook and WhatsApp have been issued with formal notices by France’s data protection watchdog warning that data transfers being carried out for ‘business intelligence’ purposes currently lack a legal basis — and consequently that Facebook Inc, WhatsApp’s owner, has violated the French Data Protection Act. WhatsApp has been given a month to remedy the situation
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Quinyx, a Stockholm-headquartered company that offers cloud-based software to help businesses manage things like employee scheduling, communication, task-management and payroll integration, has raised a further $12 million in funding. Backing the round is VC firm Battery Ventures, which sees Boston-based Battery General Partner Michael Brown join the Quinyx board. Founded in 2005 by Erik Fjellborg,
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The French government has filed a complaint against ecommerce giant Amazon alleging abuse of a dominant position with some of its suppliers, according to Reuters citing a report in La Parisien newspaper. The move apparently follows a two-year investigation by France’s consumer fraud watchdog, the DGCCRF. The news agency says the Economy Ministry is seeking
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Finiata, the finance platform targeting SMEs, freelancers, and the self-employed that was founded by Sebastian Diemer, who previously co-founded credit scoring and loans company Kreditech, appears to be on somewhat of a roll. The company, formerly known as Bezahlt, has picked up €18 million of financing of its own, and already claims 5,000 customers. The
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Paddle, a U.K. startup that offers software companies a single platform for the entire software sales process — including trials and licenses, payments, and analytics — has raised $12.5 million in further funding. Leading the Series B round is enterprise-focussed VC Notion, with participation from existing investors BGF Ventures and Kindred Capital. MacPaw, the independent
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FreightHub, a Berlin and Hamburg-based startup that claims to be Europe’s first fully digital freight forwarder, has raised a $20 million Series A round, just 1.5 years since launch. The round is led by VC firm Northzone, with participation from existing investors. The latter includes Rocket Internet’s Global Founders Capital (GFC), Cherry Ventures, Cavalry Ventures,
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