EMEA

Retail Recession Woes Spread as UK Business Organization Reports Ongoing Downward Trend
Retail Recession Woes Spread as UK Business Organization Reports Ongoing Downward Trend
June 23, 2022  |  Retail

Retail sales volumes are down about 5% for the year through June, according to survey data from the latest Confederation of British Industry (CBI) Distributive...

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SumUp Raises €590M at Reduced Valuation of €8B
SumUp Raises €590M at Reduced Valuation of €8B
June 23, 2022  |  Investments

Mobile point-of-sale (mPOS) startup SumUp raised €590 million at a valuation of €8 billion, a significant drop from its €20 billion valuation earlier this year....

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Lackluster Rollout of SEPA Instant Stymies EU Payment System Success, Says Wise Product Chief
Lackluster Rollout of SEPA Instant Stymies EU Payment System Success, Says Wise Product Chief
June 23, 2022  |  emea

In the context of European banking, customers increasingly expect real-time transactions, transparent exchange rates and reasonable transfer fees. In practice, however, the way banks operate...

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BOE Official: Crypto Firms May Rival Amazon, eBay
BOE Official: Crypto Firms May Rival Amazon, eBay
June 22, 2022  |  Cryptocurrency

Bank of England Deputy Governor Jon Cunliffe has said the survivors of this rout in crypto could be leaders of the future — possibly rivaling...

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London-Based B2B BNPL Platform Playter Nets $55M in Funding
London-Based B2B BNPL Platform Playter Nets $55M in Funding
June 22, 2022  |  Investments

London-based growth platform Playter, which helps small- to medium-sized businesses (SMBs) grow with B2B buy now, pay later (BNPL) options, has raised $55 million in...

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EMEA Daily: eCommerce Car Retailer Cazoo Moves Into Italian Market
EMEA Daily: eCommerce Car Retailer Cazoo Moves Into Italian Market
June 22, 2022  |  emea

In today’s top stories from Europe, the Middle East and Africa, online car retailer Cazoo has moved into Italy with its eCommerce car-buying and -selling...

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Ghana FinTech Fido Raises $30M in Series A Round
Ghana FinTech Fido Raises $30M in Series A Round
June 22, 2022  |  Investments

Ghanaian FinTech Fido has raised $30 million in a funding round to boost the company’s efforts to develop financial technologies that can be used across...

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UK Open Banking Users Top 6 Million
UK Open Banking Users Top 6 Million
June 22, 2022  |  Banking

More than 6 million individuals and businesses in the United Kingdom regularly use open banking services, the U.K.’s Open Banking Implementation Entity (OBIE) announced in...

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Tether’s GBPT Sets Stage for Stable Crypto-Cable
Tether’s GBPT Sets Stage for Stable Crypto-Cable
June 22, 2022  |  Cryptocurrency

Following Wednesday’s (June 22) news that Tether, the world’s largest stablecoin issuer, is set to launch a new cryptocurrency pegged to the pound, businesses and...

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