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The Latest Breaking News on European tech

Edinburgh data firm acquires bill management tech

It will now be repurposed to support a business-to-business engagement platform

Insider UK

Europe: NIO Will Produce Battery Swap Stations In Hungary

NIO announced the upcoming launch of production of EV battery swap stations in Hungary. It will be the company's first overseas plant.

InsideEVs

Buy-Now-Pay-Later Star Klarna Tumbles From Its Pedestal

The rout of markets, due to recession fears, is hurting the valuations of even the most promising startups.

The Street

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Klarna’s valuation plummets amid criticism of 'Buy Now Pay Later' schemes

The company's dealing with competition, public scrutiny, and stingier shoppers.

Input

Klarna’s road ahead looks a little harder this year

With Apple set to enter the market and shrinking appetite for tech stocks the future looks less rosy for buy now, pay later firm

The Guardian - UK

Klarna sees its value slashed by 85% in latest round of fundraising

‘Buy now, pay later’ firm, once Europe’s most valuable private tech company, valued at less than $7bn

The Guardian - UK

Northvolt Raised $1.1 Billion To Support Expansion In Europe

Northvolt announced the signing of a $1.1 billion convertible note to finance its expansion of battery cell and cathode material production in Europe.

InsideEVs

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The 13 UK tech firms with valuations of more than $10bn

New figures also show the value of the UK's tech has reached $1 trillion

Birmingham Post

Scotland leading the way as UK tech ecosystem reaches $1 trillion valuation

Tech start-ups from Edinburgh and Glasgow have raised £115m of investment already this year

Insider UK

Britain's youngest billionaire nets another £100million from viral business idea Hopin

Manchester University graduate Johnny Boufarhat, 27, launched video conferencing app Hopin in 2020, after Britain was pushed into its first mandatory Covid lockdown

Daily Mirror

Checkout.com becomes UK’s most valuable fintech at $40bn

London-based firm founded by Swiss surfing enthusiast Guillaume Pousaz overtakes worth of rival Revolut

The Guardian - UK

Defence renews storage deal with Global Switch, years after Government vowed to ditch Chinese-owned firm

Federal MPs are alarmed the Defence Department has quietly extended a contract with Chinese-owned company Global Switch to continue storing data in its Sydney facilities, despite a push to end the arrangement by 2020.

ABC News

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People

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