Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Austrian fintech company Bitpanda has announced that it will create 300 jobs at its Innovation and Technology Centre in Kraków. The company is looking for IT specialists, especially programmers anf engineers. Under the business expansion, the company plans to invest €10 million in the city of Kraków.
The source reports that Bitpanda has closed its Series B funding round, raising $170 million (€141.67 million) and gaining the status of a unicorn startup with $1.2 billion (€999.96 million) in valuation.
Bitpanda has been operating since 2014; the company is a fintech based in Vienna, Austria. The company operates as a ‘neobroker’, providing platform for cryptocurrency. Currently, the company has 2 million users and more than 400 team members. In Poland, the company has been operating since 2020.
Eurofound (2021), Bitpanda, Business expansion in Poland, factsheet number 104590, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/104590.