Sifted - Europe's new most valuable fintech 💰 

Sifted is the FT-backed media site telling the untold stories of European tech. Subscribe here.

 Startup Life 

 

How to step down as a founder


In 2012, Stephen Rapaport founded Pact Coffee, an ethical coffee subscription business.

It started off strong, however four years on, as growth began to slow, a brutal restructuring process led Rapaport to the realisation that a managerial makeover was needed to save the business.

But how can founders manage this complex task effectively?

Maija Palmer gets some top tips.

πŸ“£ Calling fintech, AI and greentech scaleups πŸ“£

 

Tech Nation has three free growth programmes for scaling businesses.

Gain exclusive access to an expert support team, pro masterclasses, premium connections and A-class coaching.
 
Find a programme that maches your needs. [Sponsored post]

 Opinion 

 

Neobank perfection is still far away 


Over the last decade, challenger banks like Monzo, Starling and Revolut have been hailed as digital transformers of the finance industry, prompting traditional banks to follow suit.

Former Lloyds Bank director Alessandro Hatami disagrees, claiming that fintechs and incumbents are simply digitising traditional banking models.

Here's what the perfect neobank really looks like.

πŸ’« IPOs aren't impossible for startups πŸ’« 


Many founders think that listing on the public market is out of reach, but in fact, you need to have raised just €5m to get listed.

The free pre-IPO programme TechShare, run by the European stock exchange Euronext, is designed to educate entrepreneurs on everything to do with capital markets to prepare them for their IPO journey.


Find out how it could help your startup. [Sponsored post]

 Interview 

 

The beauty brand that bounced back


As Ning Li, founder of French online beauty brand Typology, geared up for its UK launch, Covid happened.

Li β€” also founder of Made.com β€” was faced with the battle between choosing to launch digitally, or wait. He chose digital.

What came after was a spike in sales in its UK and French markets. But can Typology keep its sales afloat as lockdown life fizzles out?

Amy Lewin finds out.

 Fintech 

 

Europe's new most valuable fintech


London-based payments startup Checkout.com this morning announced that it had raised $150m at a $5.5bn valuation, making it Europe's joint most-highest valued fintech (along with peers Revolut and Klarna).

How did it get such a stonking valuation during coronavirus?

Isabel Woodford has more. 
Senior Software Engineer, Microsoft, Dublin
Data Analyst, Citymapper, London
Database Developer, IQVIA, Paris
Cloud Engineer, Henneo, Madrid

Check out our jobs board if you are looking for a new role at a startup.

Sifted Suggests 


πŸ€— Inclusive workplace 101. This piece shares a framework on how we can easily identify acceptable and unacceptable behaviours in the workplace, to ensure the equality of all groups at work.

πŸ€” How did Slack grow so quickly: a thread. And how other apps can follow in its footsteps.

πŸ’– VC diversity. Kauffman Fellows, a US-based VC has adopted numerous approaches to diversify its board, and claims that 41% of its investor trainees are women, and 49% are people of colour. Europe’s VCs can take a leaf out of this book too.

🌍 Changing the climate. A new report from the International Energy Agency claims that if we spend $1tn of investment each year for the next three years, global energy-related COβ‚‚ emissions could end up falling in 2023 by 4.5bn metric tons. But how could this work? Bloomberg reports.

🧠 How policymakers can help VCs and SMEs. InvestEurope shares heaps of ways it’s alerting policymakers to the impact of Covid-19 on investors and startups, and proposing initiatives to limit effects. Find out about the events, training and resources here.

In case you missed it

 

🧟 Be less zombie. Senior executives are too busy trying to survive the day-to-day and have zero incentive to challenge to status quo. How do you change this mentality?

🌌 Life on Mars. This ambitious startup is building a prototype Mars settlement in California to research living on the red planet. Can it work?

πŸ’³ Coronavirus changing finance. This is how Diana Biggs, head of innovation at HSBC's global private banking arm, says Covid-19 is changing digital communications tech at banks.

🀩 Sponsor our newsletter πŸ€©


Want to reach founders and decision-makers in the European startup ecosystem? Contact Helen Seidenberg, partnerships director, for advertising and sponsorship opportunities with Sifted.

Events [virtual only]


πŸ‡¬πŸ‡§ Office Hours: Supporting Black women founders in tech | 24 June
Female Founders Offline and accelerateHER join forces, inviting founders to get to know VCs better. Featuring VCs from Impact X, Index and more.


πŸ‡¬πŸ‡§ Femtech Forum | 25 June
Join Women of Wearables for an all-day conference focused on femtech. Catch Sifted's Amy Lewin moderating a panel on fertility tech at 3pm BST β€” and hear discussions on a broad range of topics, from sexual wellness to the gender gap. 

πŸ‡³πŸ‡± A Glimpse into the Future | 10 July
Tune into the first of this deeptech and science webinar series by the VC Ahren and its science partners, as it delves into a range of topics alongside top leaders and experts.

Sifted resources

πŸ™ Forward this on, please πŸ™

 

If you're a Sifted fan, please forward this email on to a friend who might love it too and CC Amy (amy@sifted.eu). Introduce yourself β€” hey, maybe we're writing a story you could help us on.

 

P.S. Does this newsletter sometimes end up in your spam  or promotions folder? Add amy@sifted.eu to your contacts to stop it going astray again.

Connor Bilboe
Editorial Assistant 


Get in touch with him at connor@sifted.eu.
Let him know what news you want to read.
Follow the whole Sifted team for news and views: 
@MStothard@amyrlewin@maijapalmer@i_woodford, @Marie_a_Paris@KitGillet@timmpsmith, @connorbilboe@MimiBilling@kittygknowles@johnthornhillft
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Older messages

VCs don’t deserve their dollar 💰

Wednesday, June 17, 2020

Monzo's raise | Klarna revenues | Interstellar Labs Sifted is the FT-backed media site telling the untold stories of European tech. Subscribe here. Space Building houses for Mars It's not just

Glassdoor gossip 😉

Monday, June 15, 2020

Employee reviews | TransferWise vs Santander | Estonia's digital nomad visa Sifted is the FT-backed media site telling the untold stories of European tech. Subscribe here. Fintech Fintechs, rated

Emmanuel Macron, step aside 😏

Friday, June 12, 2020

Grabbing Sifted's attention | Support for sustainable startups | Meero interview Sifted is the FT-backed media site telling the untold stories of European tech. Subscribe here. Startup Life Founder

Beyond black squares ⬛

Monday, June 8, 2020

Fintech stocks rally | How to support black people in tech | Remote healthcare Sifted is the FT-backed media site telling the untold stories of European tech. Subscribe here. Healthtech Hospitals at

Europe's JEDI knights ⚔️

Friday, June 5, 2020

Fertility startups | Revenue financing | Startup survival data Sifted is the FT-backed media site telling the untold stories of European tech. Subscribe here. Healthtech The business of sperm The

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And rolling through work on a coaster͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌