Europe

Equities platform Midas raises $45M Series A as fintech retains its sparkle in Turkey

Midas, a fintech startup that allows people in Turkey to invest in U.S. and Turkish equities, says it has raised $45 million in a funding round led by Portage Ventures of Canada. The startup is aimed

Langdock raises $3M with General Catalyst to help companies avoid vendor lock-in with LLMs

Plenty of large corporations want to join the AI revolution, but many feel it’s too early to be locked into one foundational model. That means there’s a market for a layer between companies an

Internet users are getting younger; now the UK is weighing up if AI can help protect them

Artificial intelligence has been in the crosshairs of governments over how it might be misused for fraud, disinformation and other malicious online activity. Now, a U.K. regulator wants to explore how

Adtech giants like Meta must give EU users real privacy choice, says EDPB

The European Data Protection Board (EDPB) has published new guidance that has major implications for adtech giants like Meta and other large platforms. Since November 2023, the owner of Facebook and I

ByteDance gets 24 hours to show EU a DSA risk assessment for TikTok Lite

TikTok owner ByteDance is facing fresh questions about its compliance with the European Union’s Digital Services Act (DSA), an online governance and content moderation framework that puts a lega

EU privacy body adopts view on Meta’s controversial ‘consent or pay’ tactic

Incoming guidance by an expert steering body on European Union data protection law could have major implications for Meta’s advertising business model. The European Data Protection Board (EDPB)

Flatpay rings up $47M to target smaller merchants with simple payment solutions

Flatpay plans to use the money to expand into new markets in Europe and to build out more products alongside the point-of-sale and card terminals that it sells today.

Apple will soon let users in the EU download apps through web sites, not just the App Store

Apple is opening up web distribution for iOS apps targeting users in the European Union starting Tuesday. Developers who opt in — and who meet Apple’s criteria, including app notarization requ

Finmid raises $24.7M to help SMBs access loans through platforms like Wolt

finmid is building an embedded finance product that targets that relationship between marketplaces and sellers, and raised a Series A round to further build out its product and enter new markets.

Big Tech’s ad transparency tools are still woeful, Mozilla research report finds

"We feel there are major gaps between the spirit of the EU regulation and these repositories in practice," the report authors write.

Meta’s ‘consent or pay’ tactic must not prevail over privacy, EU rights groups warn

Nearly two dozen rights groups are urging the EDPB to not endorse a strategy used by Meta that they say is intended to bypass the EU's privacy protections.

Lawhive raises $12M to expand its legal tech AI platform for small firms

Lawhive has raised £9.5 million ($11.9 million) in a seed round to offer AI-driven services to ‘main street’ law firms.

UK’s antitrust enforcer sounds the alarm over Big Tech’s grip on GenAI

The UK's competition watchdog, the CMA, has sounded a warning over Big Tech's grip on the advanced AI market, with CEO Sarah Cardell expressing "real concerns" over how the sector is developing.

Alternative browsers report uplift after EU’s DMA choice screen mandate

A flagship European Union digital market regulation appears to be shaking up competition in the mobile browser market. It’s been a little over a month since the Digital Markets Act (DMA) came in

Proton picks up Standard Notes to deepen its pro-privacy portfolio

By adding Standard Notes to its portfolio of apps, Proton will deepen its reach with an engaged community of pro-privacy users.

Proxima Fusion raises $21M to build on its ‘stellarator’ approach to nuclear fusion

Munich-based Proxima has raised €20 million ($21.7M) in a seed round to begin building its first generation of fusion power plants.

As AI accelerates, Europe’s flagship privacy principles are under attack, warns EDPS

The European Data Protection Supervisor (EDPS) has warned key planks of the bloc’s data protection and privacy regime are under attack from industry lobbyists and could face a critical reception

TransferGo raises $10M to expand its remittance business in Asia, doubling valuation

TransferGo, the U.K.-based fintech best known as a consumer platform for global remittances, has raised a $10 million growth funding round from Taiwan-based investor Taiwania Capital, with a view to e

Neurotech startup Neurovalens gets FDA clearance for noninvasive anxiety treatment

A 2019 rule change by the U.S. medical devices regulator aimed at encouraging innovations targeting insomnia and anxiety is bearing fruit: Neurovalens, a Belfast-based startup that for over a decade h

US and EU commit to links aimed at boosting AI safety and risk research

The European Union and United States put out a joint statement Friday affirming a desire to increase cooperation over artificial intelligence. The agreement covers AI safety and governance, but also,
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