Reuters
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STOCKHOLM, July 6 (Reuters) - Danish fintech Pleo, which offers expense management tool and smart company cards, on Tuesday raised $150 million at a valuation of about $1.7 billion from U.S. investment firms Bain Capital Ventures and Thrive Capital.
Pleo currently has more than 17,000 customers across six countries: Denmark, the United Kingdom, Ireland, Spain, Germany and Sweden.
Founded in Copenhagen in 2015 by entrepreneurs Jeppe Rindom and Niccolo Perra, Pleo had earlier raised funds from Stripes, Kinnevik (KINVb.ST), Creandum, Founders and Seedcamp. Pleo is well-positioned to become the dominant player in small business spend management, an $80 billion plus opportunity in Europe alone, and will only grow more essential to businesses as the company expands into bill payments in the near future, said Merritt Hummer, a partner at Bain Capital Ventures.
UPDATE 1-Finland approves law to ban telecoms gear on security grounds reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
(Adds results) OBERSTDORF, Germany, Feb 26 (Reuters) - A late sprint on the final bend earned Norway's Jarl Magnus Riiber the gold medal in the Nordic.
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HELSINKI/STOCKHOLM, Dec 7 (Reuters) - Finland’s parliament on Monday approved a law that would allow authorities to ban the use of telecom network equipment when they have “serious grounds for suspecting that the use of the device endangers national security or national defense”.
The Nordic country, unlike its neighbour Sweden, did not ban any vendor based on its country of origin and did not mention China’s Huawei or ZTE by name. Finland is home to Nokia, one of the main rival suppliers.
Sweden’s 5G spectrum auctions are in limbo due to court cases after its telecom regulator decided to ban the Chinese companies in a surprise move in October.