Petal

European tech funding declines for third consecutive year — but the sector is finally stabilizing

Europe’s venture-backed startups are expected to secure $45 billion of investment by the end of 2024, Atomico said Tuesday in its “State of European Tech” report Tuesday.

That is slightly lower than the $47 billion European startups raised last year — still, Atomico said this shows that tech funding levels have finally “stabilized” in the continent.

The VC firm predicted Europe could mint its first-ever $1 trillion tech company in a decade’s time if key issues such as access to capital and keeping high-skilled talent in the region are resolved.

Fintech unicorns are watching Klarna's debut for signs of when IPO window will reopen

Financial technology unicorns aren't in a rush to go public after buy now, pay later firm Klarna filed for a U.S. IPO — but they're keeping a watchful eye on it for signs of when the market will open up again.

Buy now, pay later firm Klarna’s decision to go public in the U.S. drew speculation from fintech insiders about whether the move might ignite a resurgence in big fintech IPOs.

That doesn’t appear to be the case for now but founders will be watching Klarna’s debut, eyeing share pricing and performance closely.

CEOs and co-founders of major fintech unicorns said going public isn’t a major priority — but there are signs pointing toward a more favorable IPO market in the next two years.

Fintech-as-a-Service Market Set to Reach USD 1305.7 Billion by 2032

The Fintech-as-a-Service market overview.