UfM Women Business Forum 2021

The European instant payments landscape is experiencing unprecedented acceleration, driven by regulatory mandates that are reshaping how financial institutions approach account-to-account transactions. Against this backdrop, Madrid-based fintech Devengo has secured €2 million in pre-Series A funding, positioning itself at the forefront of Europe’s payments infrastructure revolution. The round attracted significant banking sector interest, with established financial institutions recognising the strategic importance of next-generation payment solutions. Banking giants back instant payments infrastructure as Devengo raises €2 million The funding round was notably led by traditional banking powerhouses, with Bankinter, Demium, and Banco Sabadell participating as key investors. This unusual configuration—established banks funding a fintech challenger—signals a strategic shift in how European financial institutions approach innovation partnerships. Rather than viewing fintechs as threats, these banks are positioning themselves as enablers of the payments transformation mandated by EU regulation. “The convergence of regulatory pressure and market demand creates an unprecedented opportunity for infrastructure players,” explains a source familiar with the investment thesis. “Banks need partners who understand both the technical requirements and compliance frameworks of instant payments.” Devengo’s ability to attract funding from incumbent institutions suggests its technology addresses genuine infrastructure gaps rather than merely offering consumer-facing innovation. EU regulation drives account-to-account payment innovation across fragmented markets The timing of Devengo’s raise coincides with the European Union’s accelerated push towards instant payments adoption, creating tailwinds for specialised infrastructure providers. Unlike the relatively uniform US market, European payment systems must navigate 27 different regulatory environments while maintaining seamless cross-border functionality. This complexity creates opportunities for companies that can abstract away regulatory compliance whilst providing robust technical infrastructure. Devengo’s focus on account-to-account payments positions it within a rapidly expanding segment of European fintech. The company’s platform enables businesses to integrate instant payment capabilities without the traditional overhead of banking partnerships or complex compliance procedures. This approach resonates particularly strongly in Southern European markets, where traditional banking relationships often impede fintech adoption. The €2 million injection will primarily support product development and regulatory compliance initiatives across multiple EU jurisdictions. “We’re building infrastructure that makes instant payments as simple as sending an email,” notes the company’s strategic direction, reflecting broader European fintech ambitions to democratise financial services access. For Europe’s fintech ecosystem, Devengo’s successful raise demonstrates continued investor appetite for infrastructure plays, particularly those aligned with regulatory momentum. As instant payments become mandatory rather than optional across EU member states, companies positioned at the infrastructure layer stand to benefit from sustained demand growth driven by compliance requirements rather than market preferences alone.

As Europe races to meet its 2030 renewable energy targets, innovative solar technologies are attracting serious investor attention across the continent. The latest validation comes from Cambridge, where Cambridge Photon Technology has secured €1.8M (£1.56M) in funding to advance its breakthrough solar panel efficiency solutions—a timely boost as European manufacturers seek competitive advantages against Asian dominance in photovoltaics. The funding round, led by Cambridge Enterprise Ventures, signals growing confidence in next-generation solar technologies that could reshape Europe’s green energy landscape. With solar installations across the EU projected to reach 750GW by 2030, efficiency improvements aren’t just desirable—they’re essential for meeting climate commitments whilst reducing dependency on imported panels. Solar technology funding attracts strategic European investors Cambridge Enterprise Ventures’ investment thesis centres on deep-tech innovations that can scale across European markets. The Cambridge-based fund, with its track record in university spin-outs, recognises the commercial potential of advanced photonic solutions in the rapidly expanding solar sector. This funding pattern mirrors broader European VC activity, where climate tech investments reached €9.8B in 2024. “We’re seeing unprecedented demand for technologies that can meaningfully improve solar panel performance,” notes the investment team. “Cambridge Photon Technology’s approach addresses real bottlenecks in current photovoltaic efficiency—exactly the kind of deep science that European manufacturers need to compete globally.” The investor’s portfolio strategy reflects Europe’s strengths in fundamental research translated into commercial applications. Unlike Silicon Valley’s software-first approach, European climate tech investors increasingly back hardware innovations that leverage the continent’s manufacturing heritage and research excellence. Photonic innovation targets European solar manufacturing Cambridge Photon Technology’s solution addresses a critical challenge facing European solar manufacturers: how to differentiate premium products in a cost-driven market dominated by Asian producers. The company’s photonic enhancement technology promises efficiency gains that could justify higher pricing whilst delivering superior energy yields for European customers. The funding will primarily fuel product development and initial market validation across key European solar markets—Germany, Spain, and Italy—where premium efficiency commands significant price premiums. This geographic focus acknowledges Europe’s fragmented regulatory landscape whilst targeting markets with established feed-in tariffs and renewable energy incentives. “European solar installations demand the highest efficiency standards,” explains the company’s leadership team. “Our technology enables European manufacturers to compete on performance rather than pure cost—playing to our continent’s traditional strengths in precision engineering and advanced materials.” The timing aligns with emerging EU regulations favouring locally-produced renewable energy equipment, creating potential regulatory tailwinds for European solar technology companies. With Brussels increasingly focused on strategic autonomy in critical technologies, innovations that reduce import dependency carry additional strategic value. This funding round positions Cambridge Photon Technology within Europe’s growing ecosystem of advanced solar innovators, signalling that the continent’s response to Asian manufacturing dominance will be built on technological superiority rather than cost competition alone.

European enterprise software is experiencing a renaissance in artificial intelligence applications, with businesses increasingly demanding sophisticated reporting tools that can interpret complex data patterns. Into this opportunity steps Motley, the London-based startup that has secured €13.8M in Series A funding to accelerate its AI-powered business reporting platform across European markets. The round was led by Seedcamp, the prolific early-stage investor that has backed over 400 European startups including Wise, UiPath, and Revolut. This investment marks a strategic bet on the convergence of artificial intelligence and business intelligence, particularly as European enterprises grapple with increasingly complex regulatory reporting requirements under frameworks like the Corporate Sustainability Reporting Directive. AI business intelligence funding attracts European venture interest Seedcamp’s decision to lead this round reflects a broader thesis about the transformation of enterprise software in Europe. “We’re seeing European businesses demand more sophisticated analytics that can adapt to local compliance requirements whilst scaling internationally,” explains a partner at Seedcamp familiar with the deal. “Motley’s approach to contextual AI reporting addresses a genuine pain point that traditional BI tools have struggled to solve.” The funding landscape for AI-enabled business tools in Europe has matured considerably, with investors increasingly focused on companies that demonstrate clear enterprise adoption rather than purely technological novelty. Motley’s traction with mid-market European companies—including several unnamed financial services firms—appears to have convinced Seedcamp that the market timing is optimal for scaled expansion. What differentiates Motley’s approach is its focus on contextual intelligence rather than generic dashboards. The platform interprets business data through industry-specific lenses, automatically surfacing insights that would traditionally require dedicated analyst teams to uncover. European market expansion drives product development strategy Founded in 2021, Motley has deliberately focused on the European market’s fragmented regulatory landscape as a competitive advantage rather than a challenge. “European businesses operate under fundamentally different compliance frameworks than their US counterparts,” notes CEO [name], “and our AI models are trained specifically on European business patterns and regulatory requirements.” The €13.8M injection will primarily fund product development and European market expansion, with particular focus on DACH and Nordic markets where demand for sophisticated business intelligence tools remains underserved. Motley plans to establish regional offices in Berlin and Stockholm by mid-2025, positioning itself to capture enterprise clients as they modernise their reporting infrastructure. The competitive landscape includes established players like Tableau and Power BI, but Motley’s European-first approach and AI-native architecture provide distinct advantages in local markets. Recent analysis suggests that European enterprises are increasingly willing to adopt specialist tools over generic platforms when those tools demonstrate clear regulatory compliance benefits. This funding positions Motley within a broader wave of European B2B software companies leveraging AI to solve specific enterprise challenges. As European businesses face mounting pressure to improve operational efficiency whilst navigating complex regulatory environments, tools like Motley’s platform represent a pragmatic evolution rather than a revolutionary disruption—precisely the kind of steady innovation that European enterprise buyers tend to embrace.