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Penta, the Berlin-based business banking challenger that also now operates in Italy, has partnered with BBVA-backed card reader company SumUp in a bid to attract more offline businesses. Up until recently, Penta had been targeting digital businesses, such as startups and e-commerce SMEs, but has since re-positioned itself for wider...

Uncapped, a London headquartered and Warsaw-based startup that wants to provide “revenue-based” finance to growing European businesses, is officially launching today and disclosing that it has raised £10 million in funding. The capital is a mixture of equity funding and debt (money it can use for lending), and sees the...

India’s RazorPay, one of the largest payments processing firms in the country, today announced a range of new services aimed at startups, businesses, merchants and freelancers as the Bangalore-based firm expands the reach of its financial platform in the nation. The startup, which raised $75 million from Ribbit Capital and...

OutVoice, a startup that allows editors to pay freelancers with the click of a button, has officially left beta testing and is open to any publication. The company is also announcing that it has raised an undisclosed amount of seed funding from content monetization startup Coil. OutVoice was founded by...

E-commerce continues to gain momentum — a trend we’ll see played out in the next two months of holiday shopping — and with that comes more consolidation. Today, Elavon, the payments company that is a subsidiary of US Bancorp, announced that it will acquire Sage Pay, one of the bigger...

David Blumberg Contributor David Blumberg is founder and managing partner of early-stage venture capital firm Blumberg Capital. More posts by this contributor The Ascent Of Early-Stage Venture Capital Funding of artificial intelligence-focused companies reached approximately $9.3 billion in the U.S. in 2018, an amount that will continue to rise as...

The property industry — covering people and businesses that invest in, build, purchase or rent, and maintain property — is hugely fragmented when it comes both to data sources, and the companies that work within it. Today, a New York-based startup that is building a database that helps bring all...

Promises more audits completed in less time by Max Smolaks 1 November 2019 Canadian accounting software specialist CaseWare has launched an AI-driven product designed specifically to simplify the often-grueling process of financial audit. The platform, called AnalyticsAI, promises to grant auditors and business service professionals access to advanced analytics based...

In advance of Jumia’s November financial reporting, it’s worth revisiting the company’s second quarter results, the downside of which included some negative news beyond losses. The Africa focused e-commerce company — with online verticals in 14 countries — did post second-quarter revenue growth of 58% (≈$43 million) and increased its...