Consolidation is afoot in the world of HR services, with larger players snapping up interesting, smaller startups en route to more robust unit economics and providing one-stop shops for customers looking to cut down on suppliers. In the latest development, Deel — the $12 billion HR business out of Paris — is scooping up Zavvy, … Read more
As 2023 comes to an end, it is only natural to reflect on what happened in the markets we cover. But when it comes to cannabis, the answer is “not much,” which won’t help cannabis startups that are already facing a challenging funding environment. Namely, 2023 wasn’t the year that Germany legalized adult recreational cannabis … Read more
Hiroki Takeuchi, GoCardless chief executive, on the MoneyConf Stage, attends Web Summit 2021 in Lisbon, Portugal. Harry Murphy | Sportsfile | Getty Images GoCardless, the British fintech company backed by Alphabet’s venture capital fund GV, is considering more mergers and acquisitions as it looks to grow market share in the highly competitive online payments space. … Read more
Getir, the Turkish instant grocery delivery startup, has made an acquisition to expand its presence in the U.S. and to further its strategy as a consolidator in its category. The company has scooped up FreshDirect, an online grocery delivery service based out of New York. Terms of the deal are not being disclosed, but for … Read more
BONN, Germany – Jan. 30, 2023: A Ryanair aircraft parks at Bonn airport in Cologne, Germany. Ryanair reported a bumper full-year revenue for 2022/23 on the again of resurgent visitors and favorable oil hedges. Ting Yang | Nurphoto | Getty Pictures Ryanair on Monday posted a full-year internet revenue of 1.43 billion euros ($1.55 billion), … Read more