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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 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


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


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 cross-border payment APIs

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, an...
Tags: TC, Asia, London, Singapore, Softbank, Tech, Thailand, Google Ventures, Adyen, Visa, Western Union, MoneyGram, Dwolla, Anthemis, SBI Group, Currencycloud


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


US regulators need to catch up with Europe on fintech innovation 

Alastair Mitchell Contributor Share on Twitter Alastair Mitchell is a partner at multi-stage VC fund EQT Ventures and the fund's B2B sales, marketing and SaaS expert. Ali also focuses on helping US companies scale into Europe and vice versa. More posts by this contributor Europe shows the way in online privacy Fintech companies are fundamentally changing how the financial services ecosystem operates, ...
Tags: Apple, Google, Amazon, Android, TC, Facebook, Uber, Column, Europe, Finance, US, Tech, Eu, Policy, United States, Fintech


Payments startup dLocal just expanded its Amazon partnership. We talked to its CEO about how to build infrastructure that lets Uber and Netflix accept local payments around the world.

dLocal, an emerging-markets payments startup, just expanded its Amazon partnership to include Chile. Using dLocal, companies like Amazon, Netflix, and Uber can send and receive payments in emerging markets where several different methods including local credit cards and digital payments are used. We talked to dLocal CEO Sebastian Kanovich about why Latin America is hot for payments, and what it takes to set up in fragmented markets. "They can go and build the highway and then ride their cars o...
Tags: Amazon, China, India, Softbank, Africa, US, San Francisco, Trends, Netflix, Asia Pacific, Chile, Middle East, Tencent, Brazil, Argentina, Silicon Valley


Peloton-backer Felix Capital has raised a $300 million third fund to invest in consumer trend startups

London-based Felix Capital has raised a $300 million third fund to continue investing in startups at the forefront of the consumer trends.  The VC fund has previously invested in companies like Peloton, Highsnobiety, Deliveroo, and TravelPerk.  "We want to be ahead of the curve on investment front, especially on the consumer front," Felix Capital Founder Partner Frederic Court told Business Insider in an interview. "Founders at the intersection of tech and creativity are finding new ways of do...
Tags: Apple, London, Instagram, Court, Trends, Adyen, Felix Capital, Farfetch, Andrew Robb, FELIX, Peloton, Frederic Court, EQT Ventures, Antoine Nussenbaum, Peloton Highsnobiety Deliveroo, Felix Capital Founder Partner Frederic Court


McDonald’s just signed a supersized deal for mobile-payments processing

The fast feeder is partnering with Amsterdam-based Adyen to handle transactions on the go.
Tags: Advertising, Amsterdam, Adyen, McDonald


Salesforce has a new $125 million fund to bet on one of the hottest investment areas right now (CRM)

Salesforce is the $121 billion enterprise gorilla that pioneered delivering software over the internet. Its corporate venture arm, Salesforce Ventures, has just raised its second fund in Europe to invest in enterprise software companies in Europe and Israel. Software-as-a-service, the model essentially invented by Salesforce, is beloved by startup investors in Europe and one of the hottest investment areas right now. Partner Alex Kayyal said European tech is evolving away from consumer-oriente...
Tags: Amazon, Europe, London, US, Trends, Anaplan, Salesforce, Google Ventures, Skype, Adyen, Salesforce Ventures, Unbabel, Samsung Galaxy, Vonage, Alex Kayyal, Israel Software


PayPal's CFO says its new partnership with Facebook Marketplace could dwarf the business it does with eBay

PayPal is eyeing a July 2020 deadline that will allow the payments processor to begin working with some of the largest marketplaces in the world, John Rainey, the company's CFO, told Business Insider. For the past five years, PayPal has been unable to work with a handful of large marketplaces due to an operating agreement it signed with eBay, its former parent company.  PayPal recently announced partnerships with Instagram and Facebook Marketplace as well, the latter of which Rainey said could...
Tags: Amazon, Facebook, Uber, Mark Zuckerberg, Ebay, China, US, Trends, Paypal, Airbnb, Adyen, Rainey, eBay Paypal, Facebook Marketplace, John Rainey, Business Insider Once


Accel closes $575M fund to double down on European and Israeli Series A deals

On the heels of Romanian-founded enterprise startup UiPath raising at a $7 billion valuation, the startup’s biggest investor is announcing a new fund to double down on making more investments in Europe. VC firm Accel has closed a $575 million fund — money that it plans to use to back startups in Europe and Israel, investing primarily at the Series A stage in a range of between $5 million and $15 million. At $575 million, this makes the fund one of the largest in the region, and it brings the tot...
Tags: Spotify, Europe, London, France, Softbank, Israel, Tech, Venture Capital, Kpmg, Adyen, Brexit, Accel, Farfetch, Philippe Botteri, Bucharest, Botteri


Here are the 5 hottest startups in… the rest of Europe ¯\_(ツ)_/¯

By Marta Dawydzik and Andrea Hak Together with payments tech company Adyen, we set out in search of the most promising new startups across Europe and Israel based on their performance, growth, and potential. If you’ve been following our series, you’ll see we’ve already covered the best in tech from major hubs including Belgium, France, Spain, Portugal, Italy, The Netherlands, Ireland, Norway, Denmark, Sweden, Estonia, Finland, Poland, UK, Israel, Germany, Austria, Switzerland, and Hungary. The t...
Tags: Startups, Europe, Business, Israel, Hungary, Adyen, Insider, Marta Dawydzik, Andrea Hak Together, Denmark Sweden Estonia Finland Poland, Israel Germany Austria Switzerland


Fintech Star Adyen Beats Revenue Estimates as Merchants Grow

The Dutch company, which processes payments for Netflix Inc., Gap Inc. and Spotify Technology SA, posted 192.5 million euros ($219 million) in net revenue for the six months ended December. Adyen also said it processed 89 billion euros in payments for the period, an increase of 50 percent on the year before.
Tags: Science, Adyen, Spotify Technology SA, Fintech Star Adyen Beats Revenue Estimates, Netflix Inc Gap Inc


Fintech Star Adyen's Shares Jump as Sales Beat Estimates

The Dutch company, which processes payments for Netflix Inc., Gap Inc. and Spotify Technology SA, posted 192.5 million euros ($219 million) in net revenue for the six months ended December. Adyen also said it processed 89 billion euros in payments for the period, an increase of 50 percent on the year before.
Tags: Science, Adyen, Spotify Technology SA, Netflix Inc Gap Inc