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Railsbank, the Banking-as-a-Service, raises $37M in growth funding

TechCrunch

Also participating is Anthos Capital, Global Brain, Clocktower Technology Ventures, Moneta VC, Mitsui Fudosan and Firestartr. Nigel Verdon, co-founder and CEO of Railsbank, tells me the injection of capital will be used to continue expanding the fintech’s global footprint and for further product development.

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Strava acquires Fatmap, a 3D mapping platform for the great outdoors

TechCrunch

Strava , the activity tracking and social community platform used by more than 100 million people globally, has acquired Fatmap , a European company that’s building a high-resolution 3D global map platform for the great outdoors. Terms of the deal were not disclosed. ” While Fatmap is incorporated in the U.K.

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Freelancing is the new normal: oDesk and the future of the workforce marketplace

The Next Web

For us, the opportunity is not about taking market share from other players, it’s really about expanding the awareness of online work and hiring these virtual global teams as an alternative to traditional way of recruiting or building a company,” he said. But managing someone online is entirely different than working with someone in person.

Russia 151
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Nord Security, the startup behind NordVPN, raises its first-ever funding, $100M at a $1.6B valuation

TechCrunch

VPN usage has surged in the last several years, with growing concerns over data privacy and security — and sometimes completely different motivations like people wanting to access content otherwise blocked in their regions — driving an estimated 30% of all internet consumers globally to use a VPN at some point this year.

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Grover grabs $330M to double down on the circular economy with consumer electronics subscriptions

TechCrunch

Grover doubled subscriptions and business in the last year, and it currently has half a million items in its catalogue available for subscription, 2 million registered users and 250,000 active customers (some are subscribing to use more than one gadget). That growth has been riding on several concurrent market trends.

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Locals share why Vilnius, Lithuania is becoming an international startup hub

TechCrunch

There are plenty of reasons why Vilnius, Lithuania’s capital city, has an increasingly visible startup sector. I think local tech investors are taking more risks and becoming global scene players. Lithuania is now fourth in the global fintech ranking after the U,S,, the U,K, and Singapore. What’s their focus?

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Despite remote work and the economic downturn, some companies look to London for expansion

TechCrunch

This includes international companies that are establishing a presence for the first time, and those that are expanding an existing footprint (this may include M&A activity). Proton , the Swiss company behind encrypted email service ProtonMail , already has hubs across its native Switzerland, Lithuania, North Macedonia, and Taiwan.