Articles
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Dec 11, 2023 |
sifted.eu | Amy O'Brien
Checkout.com is facing its second round of executive departures this year and laying off around 80 employees, after making a series of “layoffs by stealth” earlier in 2023. In the last month, four senior executives at the payments unicorn have left the company, according to people familiar with the moves. Two of these executives were members of the C-suite. So far, just one of the four executives departing has been replaced.
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Dec 5, 2023 |
sifted.eu | Amy O'Brien
Berlin-based neobroker Trade Republic has been granted a full banking licence from the European Central Bank. The new licence means the fintech can hold customer deposits and also create a lending business. Previously, the fintech worked with banking partners Solaris AE, Deutsche Bank AG, JP Morgan SE and Citibank Europe plc to handle customer funds, according to its website.
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Dec 5, 2023 |
sifted.eu | Amy O'Brien
Revolut has seen more former employees go on to found new startups of their own than any other private European tech unicorn. The British neobank has overtaken Berlin rival N26 and other fintech heavyweights like Klarna and Wise in 2023, when ranked by the number of alumni employees that have launched their own new companies.
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Nov 27, 2023 |
sifted.eu | Amy O'Brien
Last week Rishi Stocker — formerly employee number 20 at Revolut — raised a $19.5m Series A round for his recycling marketplace startup Safi, a round that the entrepreneur says closed in around four weeks. That’s pretty fast in the current funding climate. But Safi’s credentials tick a lot of VC boxes right now — it’s B2B, a climate tech and created by founders who cut their teeth at Europe’s first-generation fintechs.
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Nov 23, 2023 |
sifted.eu | Amy O'Brien
French insurtech Luko has been placed in receivership, after its €14m deal with incumbent insurer Admiral fell through at the end of October. Court-appointed administrator Hélène Bourbouloux — touted by French press as the “Bankruptcy Madonna” — is handling the new public bidding process, according to a person with direct knowledge of the matter. During the process, Luko has no say in the terms of a new deal.
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NEW: Milan-based Ithaca Investments doesn’t have a website or LinkedIn, is never listed on PRs, and hasn't spoken to media before. The secretive firm is the brainchild of Silvio Berlusconi's youngest child, Luigi Berlusconi. I interviewed Ithaca here: https://t.co/JlyhgqATPi
SCOOP: Bending Spoons valuation raised 89% by investor as startup raises $600m debt to finance more acquisitions. Baillie Gifford gave Bending Spoons the best performance markup in its portfolio — ahead of SpaceX and TikTok owner Bytedance. https://t.co/YkJqQiuTlv
Watching Edward Berger's film Conclave, I was struck by its unexpectedly modernist aesthetic. So I was thrilled to sit down with its set designers to discuss the inspiration they took from Rome's EUR district to create a sinister backdrop for the film. https://t.co/BhFDGZpOfe