Tag: revenue
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Starling’s SaaS business sees revenue lift but group profits dip
Starling Bank has reported a drop in profits and revenues, but said revenues at its SaaS subsidiary surged, according to its latest set of financial results. The UK challenger bank, which has over six million customers, reported that pre-tax profits fell three per cent to £217m while revenues fell from £940m to £887m in the read more
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AI model "capability overhang" biggest challenge facing European businesses, says OpenAI revenue chief
European businesses are shifting from pilot to deep integration of OpenAI’s technology, but there is a “little bit of a capability overhang” between the utility ofAI models and what businesses can successfully deploy, according to OpenAI’s revenue boss. Ashley Kramer, OpenAI’s vice president, enterprise, said the biggest challenge European enterprises- typically defined as businesses with read more
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Monzo reports revenue and profits leap
Monzo today reported rocketing revenues and profits, helped by adding three million customers in its financial year. The UK digital bank reported pre-tax profits of £87.3m in the year ending March 2026, a 44 per cent jump on the year, while revenues were up 39 per cent to £1.7bn on the year. The figures were read more
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Outcraft AI raises €2M to support autonomous sales and revenue agents
Outcraft AI, an agentic AI platform focused on autonomous revenue execution, has raised €2 million in pre-seed funding from Practica Capital. The company also received early backing from venture builder Lost Astronaut. Businesses frequently miss revenue opportunities due to delayed or inconsistent customer engagement. Leads may go cold, free users fail to convert, declined payments read more
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happyhotel secures €6.5M Series A to develop AI-based solutions for hotel revenue management
Munich-based happyhotel, a revenue management software provider serving independent hotels and hotel groups across Europe, has closed a €6.5 million Series A funding round. The round was led by venture capital firm Reimann Investors, with participation from existing investors including the Start-up BW Innovation Fund (managed by MBG Baden-Württemberg), seed + speed Ventures, and family read more
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Demoboost closes €2.8M to turn product demos into revenue intelligence
Warsaw-based Demoboost, a platform that enables B2B software companies to deliver scalable, data-driven product demos, has raised €2.8 million in funding to support further product development and international expansion. The round was co-led by Digital Ocean Ventures and Rafał Brzoska’s family office RIO, with participation from B-Value. As B2B software sales cycles lengthen and conversion read more
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AI unicorn Quantexa reports revenue boost, as losses halve
A UK AI financial crimefighting unicorn has reported a near 50 per cent uplift in revenues, helped by customer wins, while losses halved, according to its latest annual financial figures. The financial figures for Quantexa also reveal new details regarding Quantexa’s fundraising last year, which propelled it to a valuation of $2.6bn. The figures for read more
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