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.
Information / Communication Information Communication Services Telecommunications 61.9 - Other telecommunications activities
250 jobs Number of planned job creations
Announcement Date
21 October 2021
Employment effect (start)
1 January 2022
Foreseen end date
31 December 2022
Description
The Lithuanian fintech start-up Kevin EU (kevin.) has announced that it is to create about 250 jobs worldwide in 2022. The company has just secured $10 million (€8.82 million) of new capital in a funding round. The new funds will be used to develop new products for account-to-account payments and expand into new markets. Currently, Kevin EU provides its services to more than 2,700 merchants in 15 markets and plans to operate in 28 markets in total.
KEVIN EU is a fintech start-up based in Lithuania. The company provides solutions for mobile and POS payments and employs about 100 employees in seven countries.
Eurofound (2021), Kevin EU, Business expansion in World, factsheet number 105863, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/105863.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
