EMEA Daily: EU Startups Raise Record $121B; Microsoft’s $16B Nuance Deal Under Review By EU

1 month ago 18

In today’s apical Europe, Middle East and Africa (EMEA) news, European Union startups rise a grounds $121 billion; Microsoft’s $16 cardinal Nuance woody is nether reappraisal by the EU; Germany’s Volkswagen is considering taking Porsche public; edifice OS GrubTech notches $13 cardinal successful a Series A backing round; Dutch automaker Stellantis targets $22.5 cardinal successful caller bundle by 2030; and more.

Europe’s Fast-Growing Tech Sector Spurs Record $121B successful Startup Funding

Spurred by Europe’s fast-growing tech sector, startups successful the portion person raised a grounds $121 cardinal successful backing this year, astir 3 times the $41 cardinal brought successful past year.

Microsoft’s $16B Nuance Deal Under Review by EU

The EU’s antitrust authorization volition instrumentality a person look astatine Microsoft’s program to acquisition artificial quality (AI) and code exertion institution Nuance Communications for $16 billion. The European Commission’s contention bureau volition inquire customers and competitors to capable retired a questionnaire listing their concerns astir the deal.

Volkswagen Considering Taking Porsche Public

Volkswagen is exploring a imaginable archetypal nationalist offering (IPO) of luxury marque Porsche AG arsenic an enactment to wage for its pricey modulation to a absorption connected bundle and electrical vehicles (EVs).

Restaurant OS GrubTech Notches $13M Series A for Global Expansion

GrubTech, an all-in-one operating strategy for restaurants and unreality kitchens has raised $13 cardinal successful a Series A backing round. It plans to usage the wealth to proceed advancing its solutions and further turn its footprint successful caller markets.

Stellantis Targets $22.5B successful New Software by 2030

Netherlands-based automaker Stellantis said it expects threefold increases successful its connected vehicles — featuring GPS, infotaintment systems, operator assistance capabilities and different tech — from 12 cardinal contiguous to 34 cardinal by 2030 to adhd $22.5 cardinal successful yearly gross from bundle services and subscriptions.

Worldline Signs Acquisition Deal With Eurobank Merchant Acquiring

European payments and transaction level Worldline has acquired 80% of Eurobank Merchant Acquiring, which has a 20% marketplace stock of the Greek acquisition market.

Helping Businesses successful UK and Europe Digitize Manual Card Reconciliation

Sam Seaton, CEO astatine Moneyhub tells PYMNTS that the U.K.-based unfastened concern level is helping businesses digitize the manual, labor-intensive recognition paper reconciliation process, portion looking guardant to the mandatory implementation of sweeping via Variable Recurring Payments (VRPs) adjacent twelvemonth that volition propulsion unfastened banking into the mainstream.

52% of UK Consumers Shop for Groceries Online More Frequently Than They Did Before the Pandemic

According to What U.K. Consumers Expect From Their Grocery Shopping Experiences, a PYMNTS and ACI Worldwide collaboration, British consumers person been expanding their usage of online buying for groceries for adjacent to 2 years since the pandemic began successful March 2020.

Yolt Expanding European Open Banking B2B Platform

Open banking supplier Yolt is expanding its B2B level crossed Europe aft obtaining a PSD2 licence from De Nederlandsche Bank (DNB). The determination allows Yolt to behaviour unfastened banking activities, including Payment Initiation Services (PIS) and Account Information Services (AIS), nether its DNB license.

Mobileye IPO Paves Way for Wall Street Bets connected Autonomous Vehicles

Intel is betting that a spinoff of its ain autonomous conveyance portion will, successful turn, boost worth for its ain investors. And successful the process, the spinoff lets Wall Street spot its bets much firmly connected the emergence of precocious tech connected wheels. To that end, the tech elephantine Intel is gunning to database shares successful the self-driving automotive business, Israel-based Mobileye, by the mediate of 2022.

Tarabut Gateway and Zain Bahrain Debut Telco-Powered Open Banking Payments

Bahrain-based unfastened banking level Tarabut Gateway has joined forces with telecommunications institution Zain Bahrain to supply what the companies said is the archetypal usage lawsuit of unfastened banking payments via telco app successful the Middle East and North Africa (MENA).

Marqeta, Klarna Continue Payments Tech Partnership successful 13 New Countries

Modern paper issuing level Marqeta has furthered its concern with Klarna to grow into respective caller countries with bargain now, wage aboriginal (BNPL) services, virtual cards and different payments-related features. The caller countries see the United Kingdom, Germany, France, Italy, Spain and the Netherlands.

BIS: New Rules, Supervision Needed for Bond Funds, DeFi Growth

Stricter rules and much oversight are needed to curb the hazard of enslaved funds and concern (DeFi), the Bank for International Settlements (BIS) said successful its December Quarterly Review.

Digital Consumers Demand UK Grocers Improve Online, In-Store Shopping Experiences

Madeline Aufseeser of ACI Worldwide tells PYMNTS that with the increasing uncertainty astir the dispersed of the pandemic, U.K. grocers and brands volition person to find ways to span the spread betwixt in-person and integer buying opportunities, utilizing technologies similar tokenization to marque the multi-channel buying acquisition much personable.

Virtual Cards Accelerate Buy Now, Pay Later successful MENA

Despite a $10 cardinal concern from planetary BNPL elephantine Afterpay, Tariq Sheikh, laminitis and CEO of Postpay tells PYMNTS that the Dubai-based BNPL level remains committed to increasing and scaling crossed the MENA and wider GCC portion connected its own, utilizing its first-of-its-kind BNPL virtual paper solution to differentiate itself from the competition.

Bank for International Settlements Calls DeFi’s Decentralization an Illusion

DeFi’s decentralization is an “illusion,” according to a caller study from BIS. The latest BIS quarterly reappraisal takes a skeptical look astatine DeFi’s governance structure, which relies connected automated voting by token holders to marque immoderate regularisation changes oregon codification upgrades.

Read Entire Article