Stay up to date with the latest news from the Netherlands! Enjoy reading!
Dutch victim wins lawsuit: Bitcoin Meester must pay (Crypto-Insiders)
In a recent legal victory, a Dutch crypto investor successfully sued Bitcoin Meester, a Dutch crypto platform, for failing to secure their assets after a hack led to the theft of their digital wallet containing Bitcoin and altcoins valued at 4,218 euros. The court ruled that Bitcoin Meester’s primary responsibility was to safeguard and manage crypto on behalf of customers, making them liable for the loss since it occurred without customer instructions. Consequently, they were ordered to compensate 90 percent of the damages, totaling 3,796.20 euros. Read more
Amsterdam’s hypeal.com raises €188K to reshape the way digital assets are utilised (Silicon Canals)
Amsterdam-based startup hypeal.com has successfully secured approximately €188,000 in a pre-seed funding round, demonstrating resilience in the face of regulatory challenges and shifting consumer sentiments. Despite these hurdles, the company remains optimistic about the immense potential of the tokenized digital asset market. This funding, with participation from diverse investors including ABN AMRO and the Techstars Future of Finance Accelerator, positions hypeal.com to be a key player in the digital asset landscape. The startup’s core strategy involves empowering startup communities to redefine the utilization of digital assets, supported by a sustainable business model built on issuing and trading fees, as well as capitalizing on coin growth. While regulatory compliance and the adoption of tokenization technologies present challenges, the company focuses on transparency and safety measures to address them. Hypeal.com’s successful funding round underscores its commitment to innovation and its potential to impact the digital asset and crowdfunding sector significantly. Read more
Nuvei launches the new iDeal in the Netherlands (Fintech Futures)
Canadian fintech company Nuvei has introduced the new iDEAL solution in the Netherlands, becoming one of the first acquirers to do so. iDEAL is a leading alternative payment method in the Netherlands, and this upgrade aims to streamline the consumer payment experience, reducing cart abandonment rates. With the new iDEAL, Nuvei provides a unified and streamlined checkout experience for Dutch consumers, directly integrating the bank selection page into the payment method. This enhancement is crucial for Dutch eCommerce merchants as iDEAL holds a 70% market share in the country, making it a popular choice for online transactions. Nuvei’s integration of the new iDEAL aims to benefit both merchants and consumers, positioning it as a key player in the Dutch eCommerce market. Read more
Finance automation platform Tipalti unveils solution for EU (Fintech Futures)
Tipalti, the finance automation platform, has introduced a fully localized solution tailored for the European market, supported by an EMI license granted by the central bank of the Netherlands. With the aim of assisting European businesses in streamlining financial processes, reducing friction, and enhancing cost visibility, Tipalti’s solution addresses the estimated one-third of finance teams’ time spent on manual finance processes. The company, valued at over $8 billion, plans to expand its European presence by focusing on Germany and the Nordics, aiming for Europe to contribute at least 20% of its revenue by the end of 2024. Tipalti already has a strong presence in Europe, with over 100 customers and a growing workforce of over 100 employees. Rob Israch, President of Tipalti, sees a substantial opportunity for the company in Europe, given the region’s focus on localizing tools to drive efficiency and support growth, especially in the face of economic challenges. Read more
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