European Investment Bank news and trends

Money Transfer Startup Azimo Secures €20M In Debt Equity
Investments // February 04, 2020

Money transfer FinTech startup Azimo has closed a €20 million debt finance deal from the European Investment Bank (EIB), according to reports on Tuesday (Feb. 4). The funds will be used to advance its proprietary payments platform as well as to expand research and development....

Estonia’s Bolt Closes $55M Deal To Compete With Uber
Ridesharing // January 16, 2020

Uber rival Bolt has closed a €50 million funding deal from the European Investment Bank (EIB) to help the startup scale throughout Europe and improve its technology, according to reports on Thursday (Jan. 16). “Bolt is a good example of European excellence in tech and...

EU Investment Fund Continues Withdrawal From UK SMB Funding
B2B Payments // August 28, 2017

Non-financial business lending in the U.K. has dipped significantly, according to new data outlined by Business Matters, with European funds also pulling back from the market. According to news reports on Friday (Aug. 25), bank lending to non-financial businesses dropped by $900 million in July as the European...

EIB Enters Marketplace Lending With $147M Funding Circle Deal
B2B Payments // June 21, 2016

The European Investment Bank (EIB) has announced a £100 million investment for U.K. SMEs that will be lent through the Funding Circle platform following reports earlier this year that the marketplace lending site was in the final stages of such a deal. Reports on Monday (June 20)...

Quick Reads
Bitcoin Daily: Coinbase Pro Accepts Dogecoin Deposits; 14 Pct Of Financial Advisers Use Or Recommend...

June 01, 2021
Coinbase Pro plans to open up to Dogecoin this year as the joke coin has seen a massive 6,000 percent increase in value, CNBC reported. The process began Tuesday (June 1), and the coin is now available to Pro users for trading, the report stated. While Dogecoin started off as a joke, its value was […]

Money Transfer Startup Azimo Secures €20M In Debt Equity

February 04, 2020
Money transfer FinTech startup Azimo has closed a €20 million debt finance deal from the European Investment Bank (EIB), according to reports on Tuesday (Feb. 4). The funds will be...

Estonia’s Bolt Closes $55M Deal To Compete With Uber

January 16, 2020
Uber rival Bolt has closed a €50 million funding deal from the European Investment Bank (EIB) to help the startup scale throughout Europe and improve its technology, according to reports...