EMEA

GoCardless Cuts Staff by 15% in Push to Profitability
GoCardless Cuts Staff by 15% in Push to Profitability
June 13, 2023  |  Personnel

U.K. FinTech GoCardless is slashing 15% of its workforce as it tries to reach profitability. The company announced the job cuts on its website Tuesday...

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DJUST Raises $12.9 Million for B2B eCommerce SaaS Platform
DJUST Raises $12.9 Million for B2B eCommerce SaaS Platform
June 12, 2023  |  Investments

Paris-based B2B eCommerce SaaS platform DJUST has secured 12 million euros ($12.9 million) in a Series A growth funding round to expand into markets across...

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Payment Infrastructure Firm NymCard Acquires MENA-Focused BNPL Firm Spotii
Payment Infrastructure Firm NymCard Acquires MENA-Focused BNPL Firm Spotii
June 12, 2023  |  Acquisitions

Payments infrastructure provider NymCard has acquired buy now, pay later firm Spotii. The purchase, announced Monday (June 12), lets Dubai-based NymCard offer its financial services clients a buy now, pay...

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Andreessen Sees UK as Crypto Haven Amid US Crackdown
Andreessen Sees UK as Crypto Haven Amid US Crackdown
June 12, 2023  |  Cryptocurrency

Amid America’s crypto crackdown, Andreessen Horowitz is reportedly looking to the U.K. The venture capital firm is opening a new office in London later this...

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Business-Friendly Regulations Drive Open Banking Adoption in the Middle East
Business-Friendly Regulations Drive Open Banking Adoption in the Middle East
June 12, 2023  |  Fintech Investments

The Middle East and North Africa (MENA) region is quickly becoming a hotbed for open banking, driven by a unique ecosystem, booming consumer demand and...

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Investors Bullish on Farfetch After Strong Results Announced in May
Investors Bullish on Farfetch After Strong Results Announced in May
June 09, 2023  |  Retail

Shares of luxury eCommerce retailer Farfetch have been on the rise. The British luxury goods merchant’s shares rose as much as 15% Friday amid elevated trading volume,...

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Report: FIS Acquires Bond Financial Technologies to Grow Embedded Finance
Report: FIS Acquires Bond Financial Technologies to Grow Embedded Finance
June 09, 2023  |  Acquisitions

FinTech giant FIS has reportedly acquired embedded finance startup Bond Financial Technologies. TechCrunch reported Friday (June 9) that unnamed sources confirmed the acquisition after Fintech Business Weekly’s Jason Mikula broke...

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France to Close Tax Loophole for Airbnb and Short-Term Rentals
France to Close Tax Loophole for Airbnb and Short-Term Rentals
June 09, 2023  |  Travel Payments

France is taking steps to close a tax loophole and end the more favorable tax treatment short-term furnished rentals such as AirBnB receive compared to...

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UK Tribunal Halts Proposed Class-Action Lawsuits Against Mastercard and Visa
UK Tribunal Halts Proposed Class-Action Lawsuits Against Mastercard and Visa
June 08, 2023  |  Credit Cards

Proposed lawsuits against Mastercard and Visa in the United Kingdom have been halted. The country’s Competition Appeal Tribunal ruled Thursday (June 8) that the four lawsuits proposed by...

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