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Revolut lets businesses accept online payments

TechCrunch

As a reminder, Revolut already offers business accounts. It lets you send and receive international payments, and exchange funds in multiple currencies. Revolut supports 14 currencies and settles payments on your Revolut Business account the next day. Online payments are available for business customers in the U.K.,

Business 110
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Achieving hyper growth from Europe: Lessons from SoundCloud and Klarna [Video]

The Next Web

Adalberth started Klarna with the company’s other co-founders in Stockholm, Sweden, because, he says, the barrier for starting a business was high enough as it was (they were in business school at the time and didn’t really know all that much about the technology industry).

Europe 115
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Some international regulators froze assets of local SVB branches

TechCrunch

As the situation is starting to solidify around Silicon Valley Bank, many international companies that interacted in one way or another with the regional U.S. While Silicon Valley Bank officially operated across several countries, most of its international operations consisted of offices or representative offices with local teams.

Local 72
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Making sense of Klarna

TechCrunch

In contrast to America, he points out how Sweden is among the most successful societies in the world from a social mobility perspective — referencing its free education and free health care, which sets up as many people as possible for success. “We didn’t have a lot of money,” he tells me.

Sweden 143
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What we can learn from edtech startups’ expansion efforts in Europe

TechCrunch

One of the most common themes Brighteye sees in young companies is an emphasis on international expansion for growth. Going international later in the journey or when more funding is available, possibly due to a VC round, seems to make facets of expansion more feasible. International expansion sounds good, but what does it mean?

Europe 143
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HR startup HiBob’s valuation surges 50% to $2.45B on a $150M raise

TechCrunch

But perhaps more interestingly, HiBob seems to have bucked a broader trend that has seen startups’ and scaleups’ valuations plummet in a sea of corrections and down-rounds — in the past month, Sweden’s buy-now, pay-later fintech Klarna saw its valuation drop 85% to $6.7

Raise 85
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15 steps to launch your own tech startup: Part 2

The Next Web

The main hub for starting a tech business is currently San Francisco. It’s an amazing city, full of people working at tech businesses, and ready to start the next big thing. The costs of living are incredibly high and you will compete with the world’s most successful tech businesses for talent.