Swedish fintech Trustly announced it will lay off about 200 employees, roughly 25% of its staff, as part of a restructuring aimed at sharpening its focus on the fast‑growing open‑banking market. The cuts mainly affect teams in Brazil, while the company, which has raised $438 million from investors such as BlackRock and Nordic Capital, continues to serve thousands of merchants globally.
Bitpanda, the Austrian fintech platform, announced that its CEO is leaving the company again.
A new AI lab founded by ex‑DeepMind researchers in Paris is nearing a $4 bn valuation after securing a large funding round.
Aleph Alpha, once seen as Germany’s AI hope, and Canada’s Cohere have completed their merger, creating a joint AI venture with new leadership and a new headquarters, in a deal valued at around €500 million.
Swedish autonomous‑vehicle startup Einride is testing its electric driver‑less truck with Lidl in Germany, marking the first public‑road use of such a vehicle in German grocery retail and a potential reference case for wider adoption.
ElevenLabs, a Polish‑founded AI voice‑generation startup, secured a $500 million Series D financing led by Sequoia Capital, pushing its valuation to $11 billion. The funding round also saw Poland become an equity investor. The company’s growth is highlighted as a showcase of Central and Eastern Europe’s tech potential.
Open Cosmos, a European satellite company, raised €300 million to boost its satellite production and roll out its connectivity and Earth‑observation platforms, planning to hire more staff and broaden its operations across several EU countries.
Swedish e‑commerce group Wesports Group has obtained a new loan facility of up to 1 billion Swedish crowns. The financing will be used to buy more specialist sport and leisure businesses, with the aim of reaching 10 billion crowns in revenue by 2031.
Italian startup Bending Spoons announced it will acquire collaborative whiteboard platform Miro for $1.355 billion, planning to invest heavily in product performance and long‑term growth.
Spanish travel‑tech startup Perk raised a $300 million private credit facility in the first half of 2026, providing capital for product and AI development as well as international expansion, notably launching its expense‑management solution in the US.