SumUp, a rival to Jack Dorsey’s Block, defies fintech funding slump with $307 million cash injection
British payments startup SumUp, known for its small card readers, on Monday announced it has raised 285 million euros ($306.6…
EU agrees to landmark AI rules as governments aim to regulate products like ChatGPT
The European Union on Friday agreed to landmark rules for artificial intelligence, in what’s likely to become the first major…
Robinhood launches crypto trading service in the EU
Online brokerage giant Robinhood on Thursday said it’s launching a cryptocurrency trading feature in the European Union, pushing further outside…
Zepz, a $5 billion fintech unicorn, is laying off more staff
Zepz, the money transfer group that owns WorldRemit, made a fresh round of layoffs. The British fintech unicorn, which is…
European tech funding halves to $45 billion, back to pre-Covid levels — but AI is a bright spot
Venture capital investment into Europe’s tech industry plunged by half in 2023 as investors continued to reel from the effects…
Binance users pull more than $1 billion from the exchange after CEO leaves, pleads guilty
Outflows from Binance have amounted to more than $1 billion in the past 24 hours, not including bitcoin, according to…
Plaid taps Adyen executive to lead its European operations
U.S. financial technology firm Plaid has hired former Adyen executive Brian Dammeir as its new head of Europe, the company…
Mastercard doubles down on effort to detect and tackle crypto fraud with AI tie-up
Mastercard is doubling down on its efforts to detect and prevent fraud that’s routed through cryptocurrency exchanges. The company told…
Alphabet-backed GoCardless considers takeovers as CEO expects a barrage of consolidation
GoCardless, the British fintech company backed by Alphabet’s venture capital fund GV, is considering more mergers and acquisitions as it…
Biden administration aims to free up more wireless spectrum
The White House said Monday it is issuing a new strategy and presidential memorandum that aims to free up additional…
