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

TechCrunch

Railsbank , the London-headquartered Banking-as-a-Service platform, has raised $37 million in new growth funding. Verdon isn’t ruling out further M&A activity, either, including other strategic acquisitions following the purchase of Wirecard in the U.K. Singapore, Vilnius (Lithuania), Munich (Germany), Newcastle (U.K.),

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SumUp raises $895M in debt to double down on its B2C payments business

TechCrunch

The company is already active in 33 countries (most recently Chile, Colombia and Romania) and has some 3 million businesses as customers. Most recently these deals included acquisitions of the business-focused mobile banking platform Paysolut in Lithuania, as well as Goodtill and Tiller to expand into point-of-sale for bigger venues.

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

TechCrunch

The company has raised $100 million in a round of funding led by Novator — the European firm that’s backed Deliveroo, Stripe and Tier, among others — with Burda Principal Investments and General Catalyst, and individuals including Ilkka Paananen of Supercell, Miki Kuusi of Wolt and Matt Mullenweg of Automattic also participating.

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Facebook Dating launches in Europe after lengthy delay

The Verge

Facebook tailors these matches with your preferences, Facebook activity, and, if you opt in, groups and events. But the close connection Facebook Dating has to the rest of the company’s products has raised concerns in the past. Facebook originally planned to launch its dating service in Europe back in February.

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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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Revolut revenue grew by 57% in 2020

TechCrunch

We launched 24 new retail and business products, expanded into the US, Japan and Australia and launched banking services in Lithuania, all while significantly improving our profitability,” founder and CEO Nikolay Storonsky said in a statement. “We of the company’s (non-adjusted) revenue was related to its activities in the U.K.

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Revolut reports first full year of profit

TechCrunch

its home country), the company now has a full banking license in Lithuania. We also launched several new products and saw more activity from our customer base.” That’s why the company managed to raise a $800 million funding round at a $33 billion valuation in the middle of 2021. Everything is moving up and to the right.

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