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

TechCrunch

Today it announced financing totalling €750 million (around $895 million at today’s rates), money that it will be using to continue expanding its business — specifically, for acquisitions; to launch in new markets in Europe, Latin America and Asia; and to build out the suite of services that it provides to businesses.

Business 120
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Freelancing is the new normal: oDesk and the future of the workforce marketplace

The Next Web

Among other fastest-growing client countries one can also find Latvia, Pakistan, Romania, Lithuania, and Malaysia. Interestingly enough, Russian users of two other major online work marketplaces – Elance and Freelancer - reported earlier that those also were active in engaging with Eastern tech professionals lately.

Russia 151
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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. First, let’s look at the big figures and convert them to dollars using today’s exchange rate: In 2021, Revolut generated $769 million (£636 million) in revenue vs. $266 million (£220 million) in 2020. Everything is moving up and to the right.

Profit 93
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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.

Austria 86
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Samsung launches EKG support for latest Galaxy Watch devices in 31 more countries

The Verge

Samsung has launched support for electrocardiogram (EKG) readings and blood pressure monitoring on its Galaxy Watch Active 2 and Galaxy Watch 3 devices, according to SamMobile. Photo by Dan Seifert / The Verge. Image: Samsung.

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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.

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Elon Musk’s Twitter (now X): Everything you need to know, from layoffs to verification

TechCrunch

The operational run rate right now… we’re pretty close to break even.” “Our The original @Twitter handle is now inactive, and its bio reads, “This account is no longer active. Our data licensing and API with X is an incredible business. Our new subscription business [is] growing,” Yaccarino said. Follow @x for updates.”

Twitter 86