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There are plenty of reasons why Vilnius, Lithuania’s capital city, has an increasingly visible startup sector. Lithuania is now fourth in the global fintech ranking after the U,S,, the U,K, and Singapore. Lithuania’s life sciences sector is gaining prominence. But what are the locals excited about on the ground?
Verdon isn’t ruling out further M&A activity, either, including other strategic acquisitions following the purchase of Wirecard in the U.K. More recently — and unsurprisingly given recent fintech trends — Railsbank is also talking itself up as an embedded finance partner.
These trends aren’t that surprising as I reported that fintech startups spent most of 2020 focusing on profitability and improving their margins. As the extraordinary circumstances of 2020 drove the trend towards digital financial management we continued to innovate for customers to make their financial lives easier and accelerate daily use.
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.
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.
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.
But juxtaposed against this, some companies seem to be bucking the downsizing trend by not only hiring, but opening physical offices to accommodate broader expansion plans. The report added that this was the highest number it had recorded since it began tracking relocation trends in 2013. capital in recent months.
The original @Twitter handle is now inactive, and its bio reads, “This account is no longer active. Twitter is purging old accounts and freeing up desired usernames, according to Elon Musk According to recent tweets by owner Elon Musk, Twitter is purging inactive accounts that have had “no activity at all for several years.”
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