In today’s top Europe, Middle East and Africa (EMEA) news, U.K. online car retailer Cazoo acquires motor vehicle subscription platform Swipcar for $40 million; Mastercard’s Aiia powers a new platform in Denmark; JumiaPay app transactions reach 36% of total orders in the third quarter; NewDay...
Online car retailer Cazoo has acquired motor vehicle subscription platform Swipcar for €30 million in cash and Cazoo shares, according to a press release on Tuesday (Nov. 16). Founded in 2018 and headquartered in Barcelona, Spain, Swipcar operates its car subscription platform across Spain, Italy...
December 15, 2022
Online car-buying platform Cazoo has sold its Spanish subscription business. In a Thursday (Dec. 15) press release, the U.K.-based online auto seller announced that it has sold Swipcar to Renting Finders. The financial details of the deal were not disclosed, but when Cazoo purchased Swipcar last year it paid 30 million euros for the startup. The […]
November 16, 2021
Online car retailer Cazoo has acquired motor vehicle subscription platform Swipcar for €30 million in cash and Cazoo shares, according to a press release on Tuesday (Nov. 16). Founded in...
