Copenhagen-based Light, which develops AI-powered software to automate financial tasks like accounting and bookkeeping, raised a $30M Series A led by Balderton
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Klarna launches a $40/month unlimited mobile plan in the US via a partnership with telecom services startup Gigs, following similar offerings by Revolut and N26
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Paris-based Pennylane, which makes cloud-based accounting software for SMBs, raised €75M, doubling its valuation to €2B, led by Sequoia, CapitalG, and Meritech
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Klarna partners with Stripe to make its BNPL service available as an option to merchants using Stripe's payment tools in 26 countries, ahead of Klarna's US IPO
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Wise reports H1 2025 revenue up 19% YoY to £591.9M, profit up 55% YoY to £217.3M, and active personal and business customers up 25% YoY to 11.4M; WISE jumps 5%+
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Accel: Klarna alumni have founded 62 new startups, more than any $1B+ European fintech startup; Revolut alumni founded 49, and Wise and N26 alumni had 33 each
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Accel expects 2024 VC funding for cloud startups in the US, Europe, and Israel to rise 27% YoY to $79.2B, with 40% of the money going to generative AI startups
AI Eating Software Legals and disclosures This document has been prepared by Accel … Accel : Euroscape 2024: AI eating software Supantha Mukherjee / Reuters : AI, cloud funding in US, Europe and Israe...
Mt. Gox starts repaying its customers, who will receive only ~15% of their lost bitcoin, which are now worth many times more than their total 2014 holdings
and it's freaking out crypto investors Mt. Gox : Notice regarding Repayment in Bitcoin and Bitcoin Cash Simon Sharwood / The Register : A decade after collapsing, crypto exchange Mt Gox repays some in...
Sweden-based Doconomy, which helps bank customers measure the carbon footprint of everyday spending, raised a €34M Series B co-led by UBS and CommerzVentures
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UK neobank Monzo raised $190M at a $5.2B post-money valuation, after raising $430M at a $5B valuation in March 2024, and plans to expand internationally
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