Neobanks doing BNPL: smart or stupid? 🤔

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Hi Sifted Reader,

What do you get when you mix a neobank together with a buy-now pay-later platform? Something that's not quite as valuable as you'd think... Read on for that, and:
  • Protecting your car with your booty
  • Consumer-focused VC firm Heartcore raises $250m in new funds
  • Spain's investors seriously lack gender diversity

\Fintech 

Neobanks doing BNPL: smart or stupid?


If you thought things couldn't get any spicier in the fintech sector, neobanks like Monzo and Revolut are now adding buy-now pay-later (BNPL) products to their platforms.

Monzo launched its BNPL product Flex last week, allowing users to split payments into three for free.

While this sounds great on the surface, are neobanks really set up to rival already strong leaders — like Klarna — and more importantly...

...can they actually make any money from it?

\A message from our sponsor Tech Nation 

Growing fast? Help your leaders stay ahead of the curve

Led by experts who have been there and done that, Tech Nation’s Scaling Leaders Programme is helping founders prepare their first-time leaders for the growth challenges they’ll face.

Ask them all about the programme here.

\For Members Mobility

The European startups turning cars into smartphones on wheels 


Part two of our three-part series on the automotive industry's efforts to reshape the future of the car looks into cars connected to the internet.

Heaps of possibilities open up when cars are linked to the web: think health monitoring, remote driving and protecting the security of your car with, um, your butt.

Don't believe us on that last point? Perhaps this deep dive into Europe's connected car startups will change your mind.

If you're not yet a Sifted member, subscribe here for as little as £19 per month.

\Community Journalism

How do you feel about returning to the office?

 
As the world opens up again after 18 months, startups and tech companies are beginning to return to the office part-time.

We want to know your thoughts about our new hybrid working reality, what you’re looking forward to (office friends, no more Zoom) and what you’re not (commuting, expensive lunches). 

The survey will only take a few minutes, you can fill it in anonymously and we’ll publish a piece featuring your responses in the coming weeks.

Share your thoughts.

\News

Consumer-focused VC firm Heartcore raises new funds totalling $250m


With on-demand food delivery and consumer fintechs on fire, the Copenhagen, Paris and Berlin-based VC couldn't have picked a better time to load itself up with fresh capital to deploy in Europe's consumer-facing startups.

It's raised a $200m early-stage fund and a $50m 'opportunities' fund to back stand-out portfolio companies in larger and later rounds — and it has 25 founders from its portfolio as LPs.

What's with this trend for founder LPs? Amy Lewin finds out.

\Venture Capital

Gender diversity in Spanish investment roles is crap


According to a new report from VC firm Nina Capital and non-profit organisation Level 20, just 30% of women hold jobs in the venture capital and private equity sector in Spain.

The reading doesn't get any prettier when these roles are broken down by seniority.

Dive into the data here. 

\Sponsored by Aon

IP financing — all you need to know


These days, the bulk of a startup's business value comes from their digital assets — or intellectual property (IP) — which includes things like trademarks, trade secrets, algorithms and more.

You can use your IP as collateral to support your startup with financing by taking out loans. This is known as IP financing.

So how do you do it? And how do you know it's the right route for your startup?

Right this way to find out.

Sifted Suggests

🧠 Can smaller European tech hubs attract global talent? There’s no reason why not, thinks Raghunath Koduvayur, who is head of marketing and communications at IQM Quantum Computers in Finland. As an Indian who has worked in Finland for over a decade, Koduvayur believes that his adopted home and some of its neighbours provide some blueprints for a possible solution.

💰 Should remote workers keep their big city salaries? This WSJ article dives into the debate.

🇪🇸 The state of Madrid’s startup ecosystem. From the latest investment trends to jobs in Madrid tech companies, this report by Startup Radar Madrid includes heaps of insights.

Events

Using embedded finance to diversify your revenue and win new customers | Online | September 30
Hear from the likes of Mirakl chief product officer Isabelle Bénard, Spyker cofounder and co-CEO Alex Graf and OpenPayd chief executive Iana Dimitrova in our next Sifted Talks.

F for Femme | Paris | October 6
The STATION F conference promoting female entrepreneurship and gender diversity is back for its second edition. Hear from a bunch of star speakers on topics ranging from health to climate change, space to fintech. Catch Sifted's Amy Lewin there too!

Sifted Opinion

Bootstrapping vs VC: choosing the best way to fund your startup
Taking part in Y Combinator from Europe: is it worth it?
It’s not easy for old money to flow into Europe’s tech startups
Syndicated corporate venturing: what all companies can learn from life sciences
European founders, welcome to the Exponential Age
Amy Lewin
Deputy Editor

Get in touch with her at amy@sifted.eu
Or tweeting @amyrlewin
Connor Bilboe
Editorial Assistant 

Get in touch with him at connor@sifted.eu
He likes sustainability stories.
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