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Austria gets first fintech unicorn as BitPanda closes $170 million Series B 16 March 2021
1 Crypto-broker BitPanda has become Austria s first fintech unicorn after securing $170 million in a Series B round led by Valar Ventures, with participation from the partners of DST Global. The latest round comes just six months after a successful $52m Series A, and gives BitPanda a valuation of $1.2bn.
Since closing its Series A, Bitpanda has increased profits, with the revenue in the first two months of 2021 surpassing the total revenue in 2020, and has seen its user base grow from 1.3 to over 2 million registered users. BitPanda s desktop site and mobile app provides access to more than 50 investment assets, including crypto and precious metals.
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Two crossed lines that form an X . It indicates a way to close an interaction, or dismiss a notification. The theme park will reopen with reduced capacity at first and for California residents only. Joshua Sudock/Disneyland Resort
Disneyland will reopen on April 30 after being closed for more than a year, Disney said Wednesday.
The park will open at limited capacity and allow in only California residents.
Customers will need to book a reservation to visit the park.
After shutting its gates a year ago as the COVID-19 pandemic took hold in the US, Disneyland is reopening for business.
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Seon raises €10 million Seon, the fraud fighter, has secured €10 million (USD 12 million) series A investment.
The funding, Hungary’s largest series A round to date, was led by leading European early-stage investor Creandum, behind some of Europe’s best tech companies including Spotify, Klarna, and Kahoot, as well as further investment from CEE’s leading VC, PortfoLion, part of OTP Bank.
As part of the funding round, SEON has added the following industry leaders to its table of current shareholders: N26 founders, Maximilian Tayenthal and Valentin Stalf, SumUp founders Stefan Jeschonnek and Jan Deepen, Tide CEO Laurence Krieger, Revolut ex-CFO Peter O Higgins, iZettle ex-chief Product Officer Leo Nilsson, Onfido cofounder Eamon Jubawy and ComplyAdvantage founder Charlie Delingpole.
Net income rose to $309 million, or $3.92 per share, from $166 million, or $2.10 per share, a year earlier.
Excluding items, Williams-Sonoma earned $3.95 per share, topping the $3.39 per share expected by analysts surveyed by Refinitiv.
Revenue rose 24% to $2.29 billion from $1.84 billion a year ago, beating expectations of $2.18 billion.
Growth was boosted by a 47.9% jump in e-commerce revenue, with about 70% of its total revenue coming from its e-commerce business.
Same-store sales for the entire company were up 25.7% in the latest quarter, with all of its brands seeing double-digit gains.
Its namesake brand, Williams-Sonoma, reported same-store sales rose 26.2%. Both Pottery Barn and Pottery Barn Kids and Teen reported a 25.7% gain in same-store sales. West Elm was closely behind with a 25.2% same-store sales increase.
Thursday, 18 March 2021, 8:05 am
The home improvement sector was among the few bright
spots in the US economy in 2020. According to the research
data analyzed and published by ComprarAcciones.com,
product sales in the space rose by 8.7% year-over-year (YoY)
to $440 billion.
Prior economic downturns have not
been as kind to the market. During the 2008/2009 financial
crisis, the market suffered a three-year
decline.
Based on a report by Harvard University,
annual spending on home renovation and repair is set to soar
by 4.1% in Q1 2021. But by Q3 2021, growth is projected to
taper off to 1.7%.
Lowe’s Net Sales Rose by 28% to
$20.31 Billion, Ace Hardware’s Up by 39.2% to $2.1