Tech funding in Europe stabilizes after years of decline
On Monday, British tech lobby group Startup Coalition warned in a blog post that there was a risk Reeves’ tax plans could result in a tech “brain drain.”. (Photo by …
Adyen NV
Payments giant Adyen reports 21% jump in third-quarter sales
Adyen reported a big miss on first-half sales Thursday. The news drove a $20 billion rout in the company’s market capitalization . Pavlo Gonchar | Sopa Images | Lightrocket | …
PayPal CEO Alex Chriss first year praised by Wall Street, stock pop Q3
Alex Chriss, CEO of PayPal Inc. Courtesy: PayPal In January, about a hundred days into his job as PayPal CEO, Alex Chriss told CNBC’s David Faber that the payments company …
Klarna partners with Adyen to bring buy now, pay later in-store
“Buy-now, pay-later” firm Klarna aims to return to profit by summer 2023. Jakub Porzycki | NurPhoto | Getty Images Swedish firm Klarna is partnering up with Dutch payments fintech Adyen …
Fintech firm Airwallex nears $500M ARR, plans to be IPO-ready by 2026
Airwallex, which was most recently valued at $5.5 billion and is backed by Tencent, has been tipped as one of many prominent fintech IPO candidates. Jose Sarmento | Bloomberg | …
Stripe rival soars 22% on profit beat, hiring slowdown
Adyen reported a big miss on first-half sales Thursday. The news drove a $20 billion rout in the company’s market capitalization . Pavlo Gonchar | Sopa Images | Lightrocket | …
SumUp defies fintech funding slump with $307 million fundraise
SumUp Chief Financial Officer Hermione McKee said the fresh capital gives the company “more firepower to act on opportunities,” including acquisitions and new country launches. SumUp British payments startup SumUp, …
Plaid taps Adyen executive to lead its European operations
Plaid’s new head of Europe, Brian Dammeir. Plaid U.S. financial technology firm Plaid has hired former Adyen executive Brian Dammeir as its new head of Europe, the company told CNBC …
Early Revolut backer Lakestar leads $40 million investment in Swan
Swan co-founder and CEO Nicolas Benady. Swan European venture capital giant Lakestar, an early supporter of fintech unicorn Revolut, has emerged as a prominent backer of French fintech startup Swan. …
Stripe rival Adyen secures banking license in the UK
The Adyen logo displayed on a smartphone. Rafael Henrique | SOPA Images | LightRocket via Getty Images Dutch payments giant Adyen on Thursday said it won approval for a banking …