Europe

TravelPerk, a Barcelona-based SaaS startup that’s built an end-to-end business travel platform, has closed a $21 million Series B round, led by Berlin-based Target Global and London’s Felix Capital. Earlier investors Spark Capital and Sunstone also participated in the round, alongside new investor Amplo. When we last spoke to the startup back in June 2016 — as it
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Tandem, the U.K. challenger bank founded by fintech veteran Ricky Knox, has rolled out its second banking product today with the addition of fixed term savings accounts. The new offering enables customers to get a guaranteed interest rate if they deposit their money with Tandem over one, two or three years, and follows the launch
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Sweden’s Instabridge, the Wi-Fi sharing community and mobile app that has proved particularly popular in Brazil and Mexico, has scored $3 million in further funding — money it’s pegged for Asia expansion, starting with India. The new round is led by Luminar Ventures (headed up by Magnus Bergman and Jacob Key), with participation from previous
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Liberis, the London-based fintech that provides finance for small businesses, has raised £57.5 million in new funding to help support the company’s growth. The alternative finance provider makes loans against a company’s future credit and debit card sales. The majority of the new capital being raised by Liberis is debt, which in turn will enable
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Cambridge, U.K.-based startup Spectral Edge has closed a $5.3M Series A funding round from existing investors Parkwalk Advisors and IQ Capital. The team, which in 2014 spun the business out of academic research at the University of East Anglia, has developed a mathematical technique for improving photographic imagery in real-time, also using machine learning technology.  As we’ve reported
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Facebook is facing calls from consumer groups to make the European Union’s incoming GDPR data protection framework the “baseline standard for all Facebook services”. The update to the bloc’s data protection framework is intended to strengthen consumers’ control over how their personal data is used by bolstering transparency and consent requirements, and beefing up penalties
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Privacy watchdogs in Canada and British Columbia are combining existing investigations into Facebook and AggregateIQ. The latter being a Victoria-based ad targeting tech company that has been linked to Cambridge Analytica, the political consultancy at the center of the Facebook data misuse storm. CA whistleblower Chris Wylie — who last month gave public testimony revealing how
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Uber is suspending another international service while it assess whether there’s a business case to continue operations after regulatory changes. In a blog post announcing the impending suspension of its UberX service in Athens, the company writes: “New local regulations were voted on recently with provisions that impact ridesharing services. We have to assess if
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Stefan Glaenzer, the prominent European VC and former chairman of Last.fm and founder of Ricardo.de, has quit his role as Partner at Passion Capital. He co-founded the London-based early-stage firm seven years ago with partners Eileen Burbidge and Robert Dighero. The decision to resign, which the firm’s staff and Limited Partners were informed of last
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There’s no way to sugarcoat this message: Facebook’s founder Mark Zuckerberg believes North America users of his platform deserve a lower data protection standard than people everywhere else in the world. In a phone interview with Reuters yesterday Mark Zuckerberg declined to commit to universally implementing changes to the platform that are necessary to comply with
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The Norwegian Consumer Council has filed a privacy complaint about Grindr, arguing it’s in breach of national and European data protection laws after it emerged the dating app has been sharing personal information about its users with third parties. As we reported earlier, Norwegian research outfit SINTEF analyzed the app’s traffic and found that — if set —
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