EMEA

Klarna to Cut About 700 Jobs Due to Inflation, War

Klarna to Cut About 700 Jobs Due to Inflation, War
Klarna to Cut About 700 Jobs Due to Inflation, War
May 23, 2022  |  Economy

Swedish buy now, pay later (BNPL) FinTech Klarna will lay off about 10% of its staff due to the effects of inflation and the Russia-Ukraine...

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G-7 Leaders Cold on Crypto, Warm on CBDCs
G-7 Leaders Cold on Crypto, Warm on CBDCs
May 23, 2022  |  Regulation

The finance ministers and central bank governors from the G-7 met in Germany last week to discuss global economic issues, including cryptocurrencies and central bank...

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UK Lending FinTech Creditspring Raises $60M
UK Lending FinTech Creditspring Raises $60M
May 23, 2022  |  Investments

London-based FinTech Creditspring has raised $60 million in new capital, bring its total funds raised since its 2016 launch to $88 million, the company announced...

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EMEA Daily: Ted Baker Getting Closer to a Buyer
EMEA Daily: Ted Baker Getting Closer to a Buyer
May 23, 2022  |  emea

In today’s top stories from Europe, the Middle East and Africa, British fashion retailer Ted Baker says it has narrowed down the possibilities for a...

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BNP Paribas Becomes Latest Bank to Embrace Blockchain
BNP Paribas Becomes Latest Bank to Embrace Blockchain
May 23, 2022  |  Blockchain

French bank BNP Paribas has joined a U.S.-based blockchain-powered network overseen by JPMorgan to use digital tokens for short-term trading in fixed income markets, stepping...

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Sokin, Mastercard Expand Digital Banking Partnership Across MENA
Sokin, Mastercard Expand Digital Banking Partnership Across MENA
May 23, 2022  |  emea

United Kingdom-based global currency account provider Sokin announced an expanded partnership with Mastercard to offer consumers in almost 40 new markets across the Middle East...

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B2B Payments Infrastructure Firm TransferMate Valued at $1B
B2B Payments Infrastructure Firm TransferMate Valued at $1B
May 23, 2022  |  B2B Payments

Dublin-based B2B payments infrastructure firm TransferMate has raised $70 million in new funding, valuing the company at $1 billion. Get the Full Story Complete the...

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Used Car Marketplace Sylndr Raises $12.6M
Used Car Marketplace Sylndr Raises $12.6M
May 23, 2022  |  Investments

Egyptian online used car marketplace Sylndr is looking to expand after raising $12.6 million in a pre-seed funding round. Get the Full Story Complete the...

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UK BNPL Firm Tranch Preps for US Launch With $4.2M
UK BNPL Firm Tranch Preps for US Launch With $4.2M
May 23, 2022  |  BNPL

Tranch, a U.K. buy now, pay later (BNPL) platform for SaaS sellers and professional services providers, says it has raised $4.25 million in pre-seed equity...

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