Fintechs are showing the way to Europe - Weekly 3 Top Tech News - 28th June 21
#TechWatchbySeb - Weekly Top 3 news happening in the European Tech Ecosystem - Issue #29
I’m Sebastien co-founder and CEO of Early Metrics and Board Member of the French Tech London. TechWatchbySeb is a weekly newsletter to provide Tech Investors & Entrepreneurs around the world with interesting insights on the European Tech Ecosystem.
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Fintechs are showing the way to Europe
This Weekly top 3 tech news, Issue #29 and for this week we will travel to Sweden 🇸🇪, Netherland 🇳🇱 and Austria 🇦🇹.
🥇 Tink 🇸🇪 #Fintech acquired by Visa for $1.8Bn
Tink is a cloud-based open banking platform that provides the infrastructure and value-adding data products that are enabling the future of financial services. They offer products such as account aggregation, payment initiation, data enrichment, and personal finance management that can be used to develop standalone services or be integrated into existing banking applications. Its partners include ABN AMRO, BNP Paribas Fortis, Nordea, Klarna, and SEB.
The company was founded in 2012 and is based in Stockholm. Before this acquisition, the company raised $300M with investors such as Down Capital or Eurazeo.
Last week, the company announced being acquired by Visa, valuing the company $1.8Bn. Tink will continue to operate as its own brand and no management team changes are slated.
Source: Tech.eu
🥈Mollie 🇳🇱 #Fintech raised $800M series C at a $6.5Bn valuation
Mollie is a payments platform that offers an easy-to-implement process for integrating payments into a site or app. It is a technology-based company processing payments for more than 50.000 clients with local payment methods such as Mastercard, VISA, Amex, PayPal, iDEAL, Bancontact, Bitcoin, SEPA Direct Debit, Cartes Bancaires, ESP, Giropay, SOFORT Banking, and more.
Mollie aims to make online payment simple for merchants by taking away the complexity from payment methods and offering a simple, but powerful API.
Mollie has a strong focus on technology, innovation, and reliability. The company was founded in 2004 and based in Amsterdam. The Series C was led by the US VC fund Blackstone Group.
Source: Techcrunch
🥉GoStudent 🇦🇹 #Edtech just raised $240M series C at $1.7Bn valuation
GoStudent is a platform for online teaching and is the future of tutoring. The EdTech company was founded in Vienna in 2016. Currently, GoStudent is operational in 15 markets. Via its platform, GoStudent provides paid, one-to-one, video-based tuition to primary, secondary and college-aged students in 20+ subjects, using a membership model. GoStudent employs more than 600 people and has opened 12 international offices. Over 400,000 tutoring units are booked each month. Currently, GoStudent has around 15,000 customers and works with 5,500 international tutors.
To date, GoStudent has raised more than €291m. Investors include Left Lane Capital, DN Capital, Coatue and DST Global.
Source: EU-Startups
That’s it for this week, wishing you a great week ahead and feel free to share if you like 👇