News

Google faces a potential hefty fine from the EU due to the Play Store, unless it makes more adjustments. The penalty could be levied early next year.

A new report highlights how open-source AI can boost European competitiveness and strengthen digital sovereignty. More than half of developers regularly use open models, datasets, or tools, and the EU's Apply AI strategy aims to increase AI adoption across its firms.

Antwerp-based cybersecurity firm XFA secured €1. 5 million in seed funding to expand its platform....

Dutch payments firm Mollie acquired UK fintech GoCardless in a €1. 05 billion deal, creating a "payments powerhouse" to serve 350,000+ businesses....

PayPal faces criticism again after an audit revealed significant GDPR violations and data misuse for advertising purposes. The report details multiple shortcomings in the service's data protection practices.

Spoor, an Oslo-based startup, secured an €8 million Series A round to support its AI-powered wildlife monitoring for wind farms. The funding will allow expansion of its bird and bat monitoring software, used by wind developers and operators, with a database of over 1 million bird observations.

Rotterdam-based Lynk secured pre-seed funding led by Curiosity VC to expand its AI-driven contract management platform. The platform automates audit tasks and identifies risks, aiming to reshape how organizations manage contractual obligations.

London-based Yonda Tax secured €12 million to expand its tax automation platform across new jurisdictions. This funding round will enhance platform features and functionality to simplify cross-border tax compliance for businesses.

Proton, the Swiss provider, launches Proton Sheets, a privacy-focused spreadsheet application. It offers end-to-end encryption and real-time collaboration, directly challenging Microsoft Excel and Google Sheets.

Belgian TMS startup Qargo secured €28 million in Series B funding to scale its operations and product development. The investment follows rapid expansion across European logistic hubs, bringing the total investment to €46 million.

Zilch, the UK BNPL fintech, secured a payments services license from the FCA, reducing its reliance on third parties. This move allows Zilch to build more payment methods in-house and follows its strengthened ties with Visa, ahead of its Zilch Pay rollout next year.

Berlin-based AI healthtech startup FICUS secured €3M in seed funding to expand its clinical documentation platform. The platform automates processes for rehabilitation clinics, reducing administrative workload by up to 70% and is already used by around 1,000 professionals daily.

TikTok is deploying its "Electoral Center" to combat misinformation during Portugal's presidential elections, following its use in legislative and local elections. The platform aims to provide reliable information and resources to voters.

Cerrion, a Zurich-based AI startup, deploys agentic AI to monitor factory lines, preventing safety issues and downtime in real-time. The technology helps factories resolve issues 50% faster, and has secured $23 million in funding since its 2021 founding.

Qargo, the AI-driven transport management system, secured $33 million in Series B funding to expand across European logistics hubs. The cloud-based platform automates tasks and has helped customers reduce administrative time by up to 75%, processing over £1....

Berlin-based Zentio secured €1. 4 million in pre-seed funding, spearheaded by HTGF, to fuel its AI-native production planning platform....

Spanish tech company Internxt launched Internxt AI, a secure and anonymous alternative to ChatGPT, prioritizing user privacy. The European AI tool, hosted on EU servers, ensures compliance with GDPR and the upcoming AI Act.

Belgian AI startup Trendtracker secured $7 million in Series A funding to scale its AI-powered strategic intelligence platform. The platform, used by Siemens and P&G, helps organizations monitor trends and make forward-looking strategies, aiming to predict the future for businesses.

Ghent-based AI-driven strategic intelligence platform Trendtracker secured €5. 9 million in Series A funding to expand globally, focusing on the US and Middle East....

Barclays joins four other major banks in investing in United Fintech, a firm focused on acquiring and scaling fintech companies. The investment, with undisclosed financial details, will fund further acquisitions, strengthening the fintech group's industry-wide adoption.