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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.),
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.
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.
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.
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.
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.
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.
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.
“I used to run the product team at a fintech startup in Lithuania, and one of my responsibilities was compliance and fraud prevention,” Ozkan said in an email interview. You simply integrate, click ‘Activate,’ and it works.” ” Flagright has raised a total of $3.2
The mix of debt and equity is typical for a company building, effectively, a leasing business: it is the same approach Grover took when it raised $71 million for its Series B a year ago. And it’s a movement that is playing out in other categories, too, with Vinted (out of Lithuania) now valued at $4.5
There are plenty of reasons why Vilnius, Lithuania’s capital city, has an increasingly visible startup sector. Vinted (first Lithuanian unicorn, secondhand fashion online marketplace which raised €128 million in an equity funding round, valuing the company at over €1 billion in 2019). What is it weak in?
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). ” But this arguably raises more questions than it answers during what can only be described as turbulent times for the world’s economy.
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