Europe has no shortage of ‘buy now, pay later’ startups and a quick search is revealing. Berlin-based fintech startup Mondu has taken in €39.9 million to expand its B2B BNPL solution. Madrid’s RITMO scored over €184 million. Tranch in the UK is launching BNPL to a B2B market with €4 million. Berlin…
Omio raises $80M as travel demand rebounds after years of COVID-19 crisis
It’s been a tough few years for Omio, the Berlin-based travel search and booking platform that saw 98% of its revenues evaporate overnight when COVID-19 hit Europe back in Spring 2020. But the company kept on trucking and has found some light at the end of the tunnel: Today it’s reporti…
Project A Ventures closes its fourth fund, hitting $375M, the largest to date
Project A Ventures launched 10 years ago in Berlin when a handful of a ex-Rocket Internet players decided they’d try their own hand at this startup stuff. Since then they’ve done pretty well, investing early in some of the biggest European tech companies, such as Trade Republic, Kry, sennder, World…
Ecosia gets a new look as it gears up for an era of green search
More updates from not-for-profit climate action search engine Ecosia: It’s given itself its first major branding refresh since launch back in 2009 at the same time as announcing a shift from 3-year to 20-year contracts for its tree planting projects — idea being to ensure that the trees…
Berlin-based B2B BNPL platform Mondu raises $43M Series A led by Valar in the US
Given the likely global recession, small businesses are reaching for new kinds of financing. Thus, the Buy Now Pay Later business model is now expanding into this B2B world at a rate of knots. Playter has raised backing to do this, as has Hokodo, Billie and Tranch, to name a few other players. But …
Getir, the $12B instant delivery startup, plans to axe 14% of staff globally and cut aggressive expansion plans
It continues to be a very rough week for e-commerce companies in Europe. In the latest development, TechCrunch has learned and confirmed that Getir — the $12 billion quick commerce upstart that grocery essentials and sundries and promises delivery of them in minutes — is cutting 14% of …
How femtech startup Inne rebooted its hardware launch after COVID-19 chaos
It’s been a tough few years for Berlin-based femtech hardware startup Inne which came out of stealth R&D in the fall of 2019, shortly before COVID-19 hit Europe. By January 2020, founder and CEO Eirini Rapti tells us she was busy making final inspections ahead of the launch of its debut p…
Germany’s Zolar grabs $105M on soaring demand for solar energy
Berlin-based Zolar has bagged €100 million (~$105M) in Series C funding to expand its supplier network for small solar systems to meet rising demand for clean energy. Germany is particularly exposed to the energy crisis triggered by the war in Ukraine as it remains heavily dependent on Russian gas …