Facebook says it’s open to advertising u-turn for the EU elections, enabling cross-border campaigns

Facebook’s VP of global affairs and communications, Nick Clegg, today said the social network — likely in response to pressure from European officials — is “open” to changing its rules on election advertising for European Union elections that will take place on May 23, by allowing cross-border campaigning rather than requiring those running ads in … Read moreFacebook says it’s open to advertising u-turn for the EU elections, enabling cross-border campaigns

Holded, the ‘business operating system’ for SMEs, gets €6M in Series A funding led by Lakestar

Holded, the Barcelona-based startup that offers a SaaS to help SMEs with a range of business tasks, has raised €6 million in Series A funding. The round is led by Lakestar, with previous backers Nauta Capital and Seedrocket 4Founders Capital following on. Founded in 2016 by Bernat Ripoll and Javi Fondevila, Holded describes itself as … Read moreHolded, the ‘business operating system’ for SMEs, gets €6M in Series A funding led by Lakestar

Resurgent HappyFresh raises $20M for its online grocery service in Southeast Asia

It’s been a tricky past few years for HappyFresh, the startup seeking to bring Instacart-like grocery deliveries to Southeast Asia. It’s been through a series of rebuilding measures, but there’s light at the end of the tunnel after it announced a $20 million Series C. Launched in 2015, HappyFresh quickly raised $12 million to expand … Read moreResurgent HappyFresh raises $20M for its online grocery service in Southeast Asia

Acquisitions, more than IPOs, will create Africa’s early startup successes

Africa has made its global IPO debut. Pan-African e-commerce company Jumia—a $1 billion-valued company—began trading live on the NYSE last week. The stock offering made Jumia the first upstart operating in Africa to list on a major global exchange. This raises expectations for unicorns and IPOs to create the continent’s first wave of startup moguls. … Read moreAcquisitions, more than IPOs, will create Africa’s early startup successes

EAT Club acquires Taro to expand its corporate lunch program

EAT Club, the lunch delivery service that counts companies like Facebook, Postmates and others as customers, has acquired meal delivery service Taro. Financial terms of the deal were not disclosed. Taro’s business model worked by shipping pre-made meals directly to consumers. With the acquisition, however, Taro will no longer serve customers directly. Instead, it will … Read moreEAT Club acquires Taro to expand its corporate lunch program

Revolut CFO resigns following money laundering controversy

This hasn’t been a good week for challenger bank Revolut . The company, which offers digital banking services and is valued at $1.7 billion, confirmed today that embattled CFO Peter O’Higgins has resigned and left the business. The startup and O’Higgins have been under pressure after a Daily Telegraph report that revealed that Revolt switched … Read moreRevolut CFO resigns following money laundering controversy

Alfa Bank’s current state

The head of the Central Bank went away from a direct response to the request to determine the attitude of the regulator to the possible purchase by the state bank of a private Alfa Bank but recalled that the Central Bank had previously supported the FAS initiative to limit the right of state banks to … Read moreAlfa Bank’s current state