Tech.eu 🎙️ The Drive at Five with Dan Taylor and Robin Wauters - Episode 23
And that's a wrap on February this week folks! While it might be cold and grey out of doors, as expected, it's hunting season and the M&A activities have been off the charts, this week in particular.
Up this week:
01:38 - German semiconductor manufacturer Infineon is to buy GaN Systems of Canada for $830 million in cash.
02:12 - Helsinki's cash flow management SaaS Nomentia was acquired by Inflexion for a rumoured €300 million.
02:20 - Milan’s Nexi to purchase 80 percent of Sabadell's PayComent for €280 million.
02:32 - Britishvolt finds a new owner in the Australian firm Recharge Industries.
03:45 - Summa Equity has acquired a majority stake in cybersecurity firm Logpoint.
03:53 - Shell struck a deal to acquire the evpass EV charging network in Switzerland.
04:49 - QDNL Participations announced the launch of a €15 million early-stage Dutch quantum fund. (With commentary from Managing Director Ton van 't Noordende).
06:40 - High-Tech Gründerfonds closed a new fund at €493.8 million.
08:21 - Payfit to part ways with 200 people, or 20% of its workforce. Or is it more like 290 people?
09:36 - Swedish payments group Klarna aims to return to profit by the summer after posting record losses.
10:05 - Revolut has posted its first annual profit of ÂŁ26.3 million in 2021. And is there something fishy going on over at The Columbus Building?
10:47 - Bunq released numbers and claims to now be the first EU-based neobank to report a quarterly profit.
11:04 - Starling Bank achieved its first full year of profitability, just five years after launching in app stores, and Monzo clocked up a loss of ÂŁ119 million.
11:36 - Wise announced that it has “reached 16 million customers served worldwide”, and revealed plans for further global expansion.
12:58 - Robin's one more thing: London and Berlin account for more than 51 percent of European VC job listings
14:25 - Robin checks his agenda, rustles some papers, and yes, the Tech.eu Summit IS happening on the 24th of May in Brussels! If you act now (operators are standing by) you can save €150 on our early bird tickets.
16:02 - Dan runs out of breath.
All this and a whole lot more on this week's episode of the Drive at Five!