The Romanian mergers and acquisitions (M&A) market recorded 48 transactions in the first three months of 2022, a 17% increase compared with the first quarter of 2021. Despite the higher volume of deal-making, the estimated value of local M&A activity was lower on a year-on-year basis, at USD 1.8bn in Q1 2022 vs USD 2.1bn […]
Frmat Pearson, the world’s leading learning company, announced it has acquired the Romanian startup Mondly, a global online language learning platform. The acquisition will allow Pearson to offer a full range of ways for people to learn and prove their English skills – adding online self-study to its existing diagnosis and learning tools and assessment […]
Catalyst Romania Fund II, one of the most important venture capital funds in the region, joins the Adservio platform in its efforts to scale the business and expand on other markets in Europe with an investment of €2 million. Adservio has over 14 years of experience in the Education Technology market. Today, the platform supports […]
The employees of Industry X service from Cluj, part of Accenture, moved into a new headquarters, an investment of $1.5 million. Industry X is responsible for developing industrial software in areas such as railways, automotive, and manufacturing. The Industry X service employs around 900 people in Romania, in Timișoara, Târgu Mureș and Cluj. In total, […]
Bitpanda introduces Bitpanda Staking, allowing investors the possibility to earn up to 27% extra income on selected crypto portfolios, with just one swipe in the app or web platform. What is staking? In simple terms, staking is a way of earning rewards for putting certain cryptocurrencies to work. This is possible only for cryptocurrencies that […]
Bunnyshell, the leading Environment-as-a-Service (EaaS) platform, announced today that it had raised $4M in additional funding. The investment from Early Game Ventures (EGV) and RocaX Ventures will be primarily used for expansion into the US market. Additionally, Bunnyshell announced the appointment of Shani Shoham as its Chief Revenue Officer. Bunnyshell creates replicas of production environments, […]
DRUID, the end-to-end platform for building AI-driven conversational business applications, announces that it has raised a fresh round of funding. This new $15 million round will be used to fuel its international expansion, by actively hiring new talents, to support its accelerated growth across Europe and North America. Furthermore, DRUID will extend its technological leadership […]
FlowX.AI, the low-code/no-code platform that offers digital solutions to businesses, announced that it is joining IBM’s Cloud for Financial Services (NYSE: IBM), which is designed to address the risks in the digital supply chain through a common set of security controls that are adhered to by the entire ecosystem. “The banking industry alone spends over $200 […]
Banca Transilvania will pay the shareholders cash dividends amounting to 800 million lei from the 1.8 billion lei profit obtained in 2021, following the decision of the General Meeting of Shareholders (GMS). At the GMS meeting, held on 28 April 2022, the shareholders elected the new Board of Directors (BoD) for the 2022 – 2026 […]
BLIK, a modern mobile payment system that was launched with the support of all major banks in Poland in 2015, is currently the most popular way to pay in this country and now sets its sights on Romania and other European markets. 21 million users of mobile banking applications in Poland already have access to […]
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