SumUp Launches Consumer Bank Accounts With 5% Cashback to Deepen Merchant Ecosystem

SumUp, a fintech focused on small business payments, has launched consumer bank accounts offering 5% cashback on purchases at its merchant network. The product aims to create a two-sided incentive system where consumers earn rewards while merchants receive zero transaction fees. The service is initially available in the UK, Ireland, Germany, France, Italy, and Spain, with plans to expand to all 38 of SumUp’s markets.

Spanish Biotech Telum Therapeutics Raises 18 Million Euros in Series A for Antimicrobial Therapy Development

Telum Therapeutics, a biotech company leveraging metagenomic datasets, synthetic biology, and generative AI to develop novel antimicrobial therapies, announced the closure of an 18 million euro Series A round. The funding will advance its primary program for hospital-acquired bacterial pneumonia.