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WhenThen’s no-code payments platform attracts $6M from European VCs Stride and Cavalry

The payments space – amazingly – remains up for grabs for startups. Yes dear reader, despite the success of Stripe, there seems to be a new payments startup virtually every other day. It’s a mess out there! The accelerated growth of e-commerce due to the pandemic means payments are now a booming space. And here comes another one, with a twist. WhenThen has built a no-code payment operations platform that, they claim, streamlines the payment processes “of merchants of any kind”.  It says its plat...
Tags: TC, Europe, Money, Finance, Entrepreneur, Tech, E-commerce, Ceo, Paypal, Mobile Payments, Online Payments, Dublin, Financial Services, Stripe, Adyen, Bitpay


Penfold closes $8.5M to provide a full stack pension in an app aimed at freelancers

Penfold, a startup that offers a full stack pension in a smartphone app, has closed a $8.5 million (£6m) funding round, $4M of which was from a crowdfunding campaign. The company is now approved by the FCA to operate a pension itself rather than relying on third parties, and is aimed at freelancers who rarely save. The round was led by Bridford Group, the Family Office of Jorg Mohaupt, allegedly the only Angel investor in Adyen. Alan Morgan of MMC Ventures also invested. Penfold says it built th...
Tags: Personal Finance, TC, Europe, Tech, Hmrc, London Stock Exchange, Banking, Ceo, Smartphone, Fca, Aviva, Adyen, Ifa, KYC, MMC Ventures, The Family


Will fintech unicorn Flywire’s proposed IPO reach escape velocity?

It’s a big morning for fintech startups today: Flywire, a Boston-based magnet for venture capital, has filed to go public. Flywire is a global payments company that attracted more than $300 million as a startup, according to Crunchbase, most recently raising a $60 million Series F last month. We don’t have its most recent valuation, but PitchBook data indicates that the company’s February 2020, $120 million round valued Flywire at $1 billion on a post-money basis. So what we’re looking at here i...
Tags: Fundings & Exits, Startups, Finance, Ipo, Boston, Tech, Paypal, Goldman Sachs, Stripe, Fintech, Unicorns, Adyen, Bain Capital Ventures, PitchBook, Flywire, The Exchange


Zeller, a fintech founded by Square alumni, raises $25M AUD Series A led by Lee Fixel’s Addition

Dominic Yap, chief operating officer and co-founder, and Ben Pfisterer, chief executive officer and co-founder of Zeller Zeller, a payment and financial services startup founded by former Square executives, quietly raised a $25 million AUD (about $19.4 million USD) Series A last year, it announced today. The funding was led by Addition, the investment firm founded by former Tiger Global partner Lee Fixel, and included participation from returning investors Square Peg and Apex Capital. The Mel...
Tags: TC, Australia, Tech, Paypal, Asia Pacific, Square, Payments, Melbourne, Financial Services, Tiger Global, Fintech, Adyen, Mastercard, SMEs, Zeller, Pfisterer


YL Ventures sells its stake in cybersecurity unicorn Axonius for $270M

YL Ventures, the Israel-focused cybersecurity seed fund, today announced that it has sold its stake cybersecurity asset management startup Axonius, which only a week ago announced a $100 million Series D funding round that now values it at around $1.2 billion. ICONIQ Growth, Alkeon Capital Management, DTCP and Harmony Partners acquired YL Venture’s stake for $270 million. This marks YL’s first return from its third $75 million fund, which it raised in 2017, and the largest return in the firm’s h...
Tags: Enterprise, Microsoft, Israel, Tel Aviv, Management, Tech, Walmart, Companies, Information Technology, Venture Capital, Silicon Valley, Leader, Adyen, Crowdstrike, Datadog, Palo Alto Networks


Stream raises $38M as its chat and activity feed APIs power communications for 1B users

A lot of our communication these days with each other is digital, and today one of the companies enabling that — with APIs to build chat experiences into apps — is announcing a round of funding on the back of some very strong growth. Stream, which lets developers build chat and activity streams into apps and other services by way of a few lines of code, has raised $38 million, funding that it will be using to continue building out its existing business as well as to work on new features. Stream ...
Tags: Social, Facebook, Apps, Twitter, Europe, Developer, Dick Costolo, Youtube, Funding, Tech, Developers, Amsterdam, Ikea, Stream, Chat, Adyen


Amsterdam’s Crisp, an online-only supermarket, raises €30M Series B led by Target Global

Crisp, an Amsterdam-based, online-only supermarket focused on fresh produce, has raised €30 million in a Series B financing led by leading Target Global and joined by Keen Venture Partners and the co-founders of Adyen and Takeaway.com. Crisp has now raised a total of €42.5 million to date. It plans to use the money to expand in the Netherlands, and eventually across Europe. Crisp says its USP is seasonal products sourced directly from 600+ small and high-quality producers at an affordable price ...
Tags: Food, TC, Europe, Shopping, Germany, Berlin, Tech, Supermarkets, Smartphone, Netherlands, Amsterdam, Holland, Food Waste, Retailers, Adyen, Grocery Store


Can data fix healthcare?

Welcome back to The TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s broadly based on the daily column that appears on Extra Crunch, but free, and made for your weekend reading. Want it in your inbox every Saturday morning? Sign up here. Ready? Let’s talk money, startups and spicy IPO rumors. Can data fix healthcare? Not alone, but you might be able to make a lot of progress with the right data in the right hands. And that’s precisely what the startup we’re talking about tod...
Tags: Fundings & Exits, Startups, Microsoft, America, Tech, Chicago, United States, Healthcare, Slovakia, Public, Seattle, Robinhood, Adyen, TechCrunch, Exchange, Providence


Global Payments platform Adyen makes DIFC its regional headquarters | Banking – Gulf News

Global Payments platform Adyen makes DIFC its regional headquarters | Banking – Gulf News Dubai International Financial Centre has welcomed global payment technology provider Adyen, a company that has a market capitalisation of €66.4 billion and processed over €303.6 billion worth of transactions in 2020.Dutch firm Adyen announced their expansion into the Middle East in November 2020 and selected the DIFC as the location for their regional headquarters, due to the Centre’s regional reach and com...
Tags: Travel, Middle East, Dubai, Tokyo, Adyen, Middle East They, Dubai International Financial Centre, Gulf News, Rupert Neil Bumfrey, New York London Hong Kong Singapore, Arif Amiri


Investors double down on tech stocks in massive DoorDash, Airbnb, C3.ai IPOs

Editor’s note: Get this free weekly recap of TechCrunch news that any startup can use by email every Saturday morning (7 a.m. PT). Subscribe here. Maybe it is a stock market bubble, or a tech-stock bubble at least. And maybe DoorDash, Airbnb and C3.ai and their bankers should have priced higher regardless to take advantage of all of the enthusiasm. It’s hard to avoid reactions like that, after DoorDash, for example, doubled its final private share price to $102 for its public debut on Wednesday ...
Tags: Apple, Amazon, Startups, TC, Facebook, Microsoft, California, China, US, San Francisco, Tech, Airbnb, EC, Alex, Adyen, Federal Trade Commission


Making sense of Klarna

Sebastian Siemiatkowski, the co-founder and CEO of Klarna — the Swedish fintech “buy now, pay later” sensation that is currently Europe’s most valuable private tech company — is dismissive of the suggestion that non U.S. companies should relocate to Silicon Valley if they really want to grow. “We did hear that and I think it’s very poor advice,” he says. An overheated market for tech talent and the fickle nature of employees that are constantly job-hopping, he argues, make it harder to build a c...
Tags: Startups, TC, Facebook, Europe, New York, London, Sweden, Finance, America, San Francisco, Tech, Paypal, Atlantic, Poland, Denmark, Silicon Valley


What to make of Stripe’s possible $100B valuation

This is The TechCrunch Exchange, a newsletter that goes out on Saturdays, based on the column of the same name. You can sign up for the email here. Welcome to a special Thanksgiving edition of The Exchange. Today we will be brief. But not silent, as there is much to talk about. Up top, The Exchange noodled on the Slack-Salesforce deal here, so please catch up if you missed that while eating pie for breakfast yesterday. And, sadly, I have no idea why Palantir is seeing its value skyrocket. Normal...
Tags: Fundings & Exits, Startups, Startup, Tech, Bloomberg, Paypal, Square, Stripe, Pluto, Palantir, Adyen, Coinbase, Slack, The Exchange, Slack Salesforce, Chris Gates


5 top investors in Dutch startups discuss trends, hopes and 2020 opportunities

The Netherlands’ ecosystem has been flourishing; more than $85 million was invested in regional startups in 2019 alone. The nation’s proximity to the U.K., Belgium, France and Germany makes Amsterdam a natural gateway to those markets. Long ago the savvy Dutch realized this, and built up Schiphol to become the world’s twelfth-busiest airport. Indeed, Amsterdam’s logistical and social connectedness is ranked number one in DHL’s Global Connectedness Index. Plenty of good funding rounds, a highly s...
Tags: Startups, TC, Europe, New York, Germany, San Francisco, Tech, European Union, Netherlands, Amsterdam, Kpmg, DHL, Adyen, Tracy Chou, Unicorn, Schiphol


Raffles Hotel Singapore takes its legendary guest experience to the next level with Adyen

Raffles Hotel Singapore has appointed Adyen, the global payments platform of choice for many of the world's leading companies, as its preferred payments partner to deliver a holistic and frictionless hospitality experience within and beyond its iconic property walls.
Tags: Travel, Adyen, Raffles Hotel Singapore


Affirm revealed its IPO paperwork. Here's a look inside the buy now, pay later frenzy, the new twist on financing that is a must have for everyone.

Klarna markets itself as a 'smoooth shopping' experience. Thomas Concordia/Getty Images Point-of-sale financing isn't new, but it's gotten renewed attention as a wave of startups like Affirm, Afterpay, and Klarna acquired millions of new users during the coronavirus pandemic. On Wednesday, Affim published its S-1, the paper detailing its planned initial public offering.  These fintechs offer consumers the ability to buy now, pay later, both online and in-store. And now, incumbents ...
Tags: Apple, Google, Amazon, Japan, UK, Etsy, Australia, France, Finance, China, US, Trends, Paypal, David, Canada, Tencent


Adyen alumni raise €2.6M seed to launch Silverflow, a ‘cloud-native’ card payments processor

Silverflow, a Dutch startup founded by alumni, is breaking cover and announcing seed funding. The pre-launch company has spent the last two years building what it describes as a “cloud-native” online card processor that directly connects to card networks. The aim is to offer a modern replacement for the 20 to 40-year-old payments card processing tech that is mostly in use today. Backing Silverflow’s €2.6 million seed round is U.K.-based VC Crane Venture Partners, with participation from Inkef ...
Tags: Fundings & Exits, Startups, TC, Europe, Tech, Payments, Adyen, Andrew Braccia, Accel, PSP, Sonali De Rycker, Inkef Capital, Recent Funding, VC Crane Venture Partners, Silverflow, Anne Willem de Vries


Accel VCs Sonali De Rycker and Andrew Braccia say European deal pace is ‘incredibly active’

The other week TechCrunch’s Extra Crunch Live series sat down with Accel VCs Sonali De Rycker and Andrew Braccia to chat about the state of the global startup investing ecosystem. Given their firm’s broad geographic footprint, we wanted to know what was going on in different startup markets, and inside a number of business-model varietals that we are tracking, like API-focused startups and low-code work. As with all Extra Crunch Live episodes, we’ve included the full video below, along with a nu...
Tags: Fundings & Exits, Startups, Asia, Europe, London, Entrepreneurship, India, Tech, Venture Capital, North America, Adyen, Andrew Braccia, Accel, Sonali De Rycker, United States Asia, ECL


Wirecard left a $30B hole in European fintech — can Dutch startups fill the gap?

Three months have passed since Wirecard’s implosion, and while authorities continue to piece together exactly how much of the German payments processor actually existed, EMEA investors might be wondering: who will replace Wirecard, and how can I buy that company’s stock? The Netherlands plays host to a number of apparent alternatives. For one, there’s Adyen, the Amsterdam-based payments provider. Adyen is a publicly traded stock, and its share price is up a teeth-grinding 112% this year. There’s...
Tags: Startups, Netherlands, Amsterdam, Adyen, EMEA, Mollie, Wirecard, Hard Fork


Dutch payments startup Mollie raises $106M at $1B+ valuation

E-commerce has seen a huge jump in the last eight months, driven by consumers shopping more for goods online while spending more time at home during the COVID-19 pandemic. Today, a payments startup out of Amsterdam that has itself seen a surge of growth this year as a result of that is announcing a big round of funding to help it continue expanding its products and international footprint to meet that demand. Mollie, a startup that offers a simple, API-based way to integrate payments into a site...
Tags: TC, Europe, Germany, Tech, Amsterdam, Unicef, Adyen, Mollie, Mol, John Doran, Netherlands Belgium, Adriaan Mol


Peer Medical allows lung cancer patients to anonymously share treatments with each other

Peer Medical has a big mission. After his father died of lung cancer, serial entrepreneur Ed Spiegel vowed to create a better way for lung cancer patients to deal with their disease. The startup has so far raised a $1.2M seed funding round for its ground-breaking approach and is onboarding patients at a rate of knots. Peer Medical allows lung cancer patients to anonymously share their treatments with each other. This helps survivors find others like them and see which treatments and procedures ...
Tags: Google, TC, Facebook, Europe, Crowdsourcing, London, Cancer, US, Tech, United States, Epic, Amsterdam, Disease, Genomics, Ed, Waze


eBay will manage its own payments now that its 5-year agreement with PayPal has expired, and its head of payments is eyeing $2 billion in new revenue

When eBay spun off PayPal in 2015, the two companies entered into a five-year operating agreement, whereby PayPal would continue to process all of eBay's payments and was limited with how it could interact with some of the marketplace's biggest competitors.  On July 18, the agreement ended, allowing both companies to operate without any restrictions. As a result, eBay will bring its payments in-house.   eBay's VP of global payments, Alyssa Cutright, says that eBay could unlock as much as $2 bi...
Tags: Apple, Google, UK, Australia, Ebay, Germany, US, Trends, Walmart, Paypal, Adyen, Facebook Marketplace, Cutright, Australia Canada Germany, PayPal Square, Alyssa Cutright


A five-year agreement between eBay and PayPal has come to an end, and now the digital marketplace is eyeing a $2 billion revenue opportunity from bringing payments in-house

When eBay spun off PayPal in 2015, the two companies entered into a five-year operating agreement, whereby PayPal would continue to process all of eBay's payments and was limited with how it could interact with some of the marketplace's biggest competitors.  On July 18, the agreement ended, allowing both companies to operate without any restrictions. As a result, eBay will bring its payments in-house.   eBay's VP of global payments, Alyssa Cutright, says that eBay could unlock as much as $2 bi...
Tags: Apple, Google, UK, Australia, Ebay, Germany, US, Trends, Walmart, Paypal, Adyen, Facebook Marketplace, Cutright, Australia Canada Germany, PayPal Square, Alyssa Cutright


A five-year truce between eBay and PayPal has come to an end, and now the digital marketplace is eyeing a $2 billion revenue opportunity from bringing payments in-house

When eBay spun off PayPal in 2015, the two companies entered into a five-year operating agreement, whereby PayPal would continue to process all of eBay's payments and was limited with how it could interact with some of the marketplace's biggest competitors.  On July 18, the agreement ended, allowing both companies to operate without any restrictions. As a result, eBay will bring its payments in-house.   eBay's VP of global payments, Alyssa Cutright, says that eBay could unlock as much as $2 bi...
Tags: Apple, Google, UK, Australia, Ebay, Germany, US, Trends, Walmart, Paypal, Adyen, Facebook Marketplace, Cutright, Australia Canada Germany, PayPal Square, Alyssa Cutright


Target Global has a €1M “super seed” fund incoming to switch on laid off tech talent in Spain during COVID-19

Target Global is backing a €1 million support fund for tech talent in Spain laid off or furloughed as a result of the coronavirus crisis. The aim is to provide pre-seed financing to help crisis-hit tech workers switch gears and build out a startup concept over the next four to six months, covering living expenses plus enough funds to get going on a business idea. The VC firm says they’ll be cutting checks of at least €25k/€35k up to €50k for “qualified applicants” — meaning the initiative cou...
Tags: Amazon, Startups, Facebook, Europe, Real Estate, Germany, Berlin, US, Tech, Supply Chains, Spain, Barcelona, Venture Capital, Retail, Madrid, Adyen


Balderton Capital backs Primer, a fintech helping merchants consolidate the payments stack

Primer, a U.K. fintech that wants to help merchants consolidate their payments stack and easily support new payment methods in the future, has quietly raised £3.8 million in funding. Leading its £3.2 million seed round is Balderton Capital — which mostly does Series A — with participation from Taavet Hinrikus, who co-founded and previously led TransferWise. And despite being founded as recently as January and not yet launched, Primer had already raised £600,000 in pre-seed investment from Seedca...
Tags: Fundings & Exits, Startups, TC, Europe, Balderton Capital, Tech, Paypal, Adyen, Anthony, Braintree, Sepa, EMEA, Kima, PSP, Paul Anthony, Seedcamp Speedinvest


Not All Gross Margin Is The Same

I wrote a blog post in September of last year arguing that gross margins and operating margins really matter when valuing companies. I argued that “software companies with software margins” are better businesses than tech companies that are not really software companies but a tech-enabled version of some other business. But gross margins, in particular, can be tricky to compare. In some cases, a software business is in the middle of the revenue flow, takes the revenue, and then passes on a lo...
Tags: Trends, Stocks, Adyen, Macy, VC & Technology, Albert Wenger, Adyen Here, Macy s Here


Shippo raises a $30M Series C after posting rapid 2019 growth

Early this afternoon Shippo, a shipping software and services company, announced that it has closed a $30 million Series C. The funding round roughly doubles the capital that the firm has raised to-date, from a little over $29 million to just under $60 million. The round, however, wasn’t put together recently. As is often the case with funding events, Shippo raised its capital a while back and is only announcing it now. According to its CEO, Laura Behrens Wu, her startup started raising its S...
Tags: Amazon, Fundings & Exits, Startups, TC, Ecommerce, Wordpress, Tech, Paypal, Adyen, Shopify, Union Square Ventures, Shippo, Braintree, Bessemer, Catherine Stewart, Laura Behrens Wu


With a string of hits behind it, Felicis Ventures wraps up its newest fund with $510 million

Felicis Ventures, the early-stage, Menlo Park-based venture firmed founded nearly 15 years ago by Aydin Senkut, has closed its seventh and newest fund with $510 million in capital commitments. That’s almost twice what Felicis raised for its last fund, which had initially closed in 2018 with $270 million in capital commitments but wound up garnering $310 million when all was said and done. As notably, both funds are a far leap from where Felicis started in 2006, when Senkut, a former internationa...
Tags: Google, Startups, TC, Australia, San Francisco, General Motors, Cisco, Venture Capital, Silicon Valley, Canva, Plaid, Intuit, Adyen, Shopify, Ottawa, Felicis Ventures


Spain’s Cobee raises €2.1M for its employee benefits app and payment card

Cobee, a Spanish fintech startup that has developed an employee benefit management app and accompanying card, has closed €2.1 million in “pre-Series A” funding. The round was co-led by Speedinvest, and Target Global. Other backers include Chris Bouwer (co-founder of Adyen) and existing investors Encomenda Smart Capital, BStartup (Banco Sabadell), Lanai Partners and Abac Nest. Founded in 2018 by Borja Aranguren and Daniel Olea, Cobee aims to help employees “leverage better economic performance” f...
Tags: Fundings & Exits, Startups, TC, Europe, Tech, Spain, Adyen, Speedinvest, Olea, Aranguren, Cobee, Chris Bouwer, Abac Nest Founded, Borja Aranguren, Daniel Olea Cobee, Willis Towers Watson Meanwhile Cobee


Currencycloud nabs $80M from Visa, World Bank Group and more for its cross-border payments API

Sending money from one country to another — either because you are a business paying someone for a service, or a family member working abroad and sending money back home, or something in between — is a huge business, worth some $700 million annually. Today, a London startup called Currencycloud, which has built a set of remittance APIs that let any financial business integrate money transfer services into its platform is announcing that it has raised $80 million to tap into that opportunity, and...
Tags: TC, Asia, London, Softbank, Tech, Thailand, Google Ventures, Adyen, Visa, Western Union, Siam Commercial Bank, MoneyGram, Dwolla, Anthemis, SBI Group, Currencycloud