Hasan Chowdhury / Insider:
Northzone, the European VC firm that backed Spotify and Klarna, has raised a €1B fund, its largest to date, and will allocate ~40% to later-stage investments — – Northzone has raised over 1 billion euros (around $1 billion) for a fresh new fund. — The new fund will be used …
Aisha S Gani / Bloomberg:
Seeking to diversify its revenue streams, Klarna launches a price comparison tool in the US, UK, and Nordics; Klarna acquired PriceRunner for ~$125M in 2022 — Klarna has rolled out a search and compare tool in the UK and Nordics as the fintech looks to diversify its revenue away from buy-now …
Hannah Lang / Reuters:
The US Consumer Financial Protection Bureau plans to start regulating BNPL companies, such as Klarna and Affirm, and will release guidance in the future — The U.S. Consumer Financial Protection Bureau (CFPB) plans to start regulating “buy-now, pay-later” (BNPL) companies like Klarna and Affirm Holdings …
Ariel Shapiro / The Verge:
Spotify releases Wrapped 2022 for users, adding a “music personality” feature, and says Joe Rogan, Emma Chamberlain, and others were its top podcasters — Spotify Wrapped is here, and with it, a slew of year-end charts, data, and graphics ripe for sharing.
Paul Sawers / TechCrunch:
Stockholm-based autonomous and electric truck company Einride raised a $200M Series C from Northzone and others and $300M in debt from Barclays — Einride today announced a $500 million tranche of financing as it looks to expand its autonomous and electric trucks into new markets globally.
Dawn Chmielewski / Reuters:
Spotify reports Q3 revenue up 21% YoY to €3.04B, MAUs up 20% YoY to 456M vs. 448.6M est., and Premium subs up 13% YoY to 195M; stock drops 6%+ on ad growth miss — Audio streaming service Spotify Technology SA (SPOT.N) Tuesday surpassed Wall Street’s estimates for revenue and subscriber gains …
Reuters:
France plans to impose a €3 minimum delivery fee for online book orders of less than €35 to help independent bookstores compete against big sellers like Amazon — France plans to impose a minimum delivery fee of 3 euros ($2.93) for online book orders of less than 35 euros to level …
Please confirm you want to block this member.
You will no longer be able to:
Please note: This action will also remove this member from your connections and send a report to the site admin. Please allow a few minutes for this process to complete.
