In today’s major news from Europe, the Middle East and Africa, Robinhood is taking a step towards European expansion by acquiring crypto platform Ziglu. Additionally, online fraud prevention platform SEON has raised $94 million to boost its global presence.
Robinhood Adds Ziglu Crypto Asset Platform
Ziglu, a UK-based e-money institution and cryptocurrency asset company, has been acquired by equity and cryptocurrency exchange Robinhood.
Earlier this year, Robinhood announced plans to open up its cryptocurrency platform to customers around the world. Robinhood plans to integrate Ziglu into its long-term platform, bringing the Robinhood brand overseas and expanding across Europe.
Societe Generale launches a startup accelerator
The French multinational investment bank Société Générale has launched the “Payment & Transaction Banking Accelerator”.
According to the company, this program follows its past Global Markets Incubator initiatives – four projects designed to help startups emerge and grow in partnership with Société Générale.
Fraud prevention company SEON raises $94 million
SEON, a British-Hungarian online prevention company, raised $94m in Series B funding to boost its presence in North America, Latin America and the Asia-Pacific region.
Along with the expansion, the company hopes to partner with e-commerce platforms, “enhance product functionality, and integrate additional data sources to help customers better combat fraud.”
French court fines Deliveroo, challenging gig work status
Two Deliveroo executives have been sentenced to a one-year suspended prison sentence and fined €30,000 ($32,380) by a French court for abusing the freelance status of Deliveroo workers.
Deliveroo itself was fined up to €375,000 ($405,000) and ordered to publish the decision on its French homepage for a month. The move could also impact the gig economy as a whole and reshape working conditions.