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

TechCrunch

Verdon isn’t ruling out further M&A activity, either, including other strategic acquisitions following the purchase of Wirecard in the U.K. To that end, Railsbank’s credit card as a service offering means that any company can offer a branded credit card using the fintech’s infrastructure and tech.

Sri Lanka 115
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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. To date, it’s one of the biggest financings, debt or otherwise, for any startup (that is, any privately-backed tech company) in the region.

Business 120
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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.

Map 102
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Revolut revenue grew by 57% in 2020

TechCrunch

Like many tech companies, administrative expenses are responsible for this loss. 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

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

The Next Web

In conversations about freelancing and online marketplaces for remote contract workers of the tech industry, the name of oDesk floats up pretty often. Among other fastest-growing client countries one can also find Latvia, Pakistan, Romania, Lithuania, and Malaysia. million jobs.

Russia 151
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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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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. In addition, the oppressive regime in nearby Belarus has provided an influx of significant tech companies, such as Wargaming, as well as the associated talent. What industry sectors is your tech ecosystem strong in?

Lithuania 103