European startups
fromTNW | Finance
3 weeks agoRamp buys Stockholm fintech Billhop
Ramp acquires Billhop to gain European regulatory licenses and launch corporate cards and finance tools across the UK and EU by summer 2026.
I am excited to get stuck into my new role in such an innovative and fast-growing media company. Adverty provides unique ad formats, and its potential is huge - despite a challenging trading environment as we start the new year. Adverty is genuinely setting a new standard for generating revenue and we anticipate many high-value deals and strategic long-term partnerships in the pipeline.
Roll forward to 2025 and it has been far from a good year on the markets for the owner of Talabat (Gulf, North Africa), Glovo (Europe, Africa) and Foodpanda (South-east Asia). Delivery Hero's share price fell to a low of €16.05 ($18.94) in November, from a high of €31.39 ($37.05) nine months earlier, a nearly 50% drop. Competition from the Chinese giant, Meituan, and regulatory fines for poor employment practices in the cutthroat world of moped and cycle delivery weighed on share price performance.
Slush, the Finnish nonprofit behind one of the most influential startup gatherings in Europe, has named Noora Saksa as its new Chief Executive Officer, a shift that indicates a strategic evolution for the organisation as it expands beyond its flagship event model. Saksa assumes the top role after years as Slush's Chief Operating & Financial Officer and Head of Partnerships, where she managed core operations, finances, and ecosystem programmes.