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Part of the funding will be used to increase Jeff’s team from about 15 people now to more than 40 employees for its offices in Latvia and Southeast Asia. Before launching Jeff, Niparts was CEO of Spain for Digital Finance International, a fintech company that is part of the Finstar Financial Group.
The funding will be used to enter other Southeast Asian markets, including Indonesia and the Philippines, and introduce new products, like free credit score and insurance offers, digital discount coupons and mobile wallet cashbacks. Jeff currently claims more than 300,000 users in Vietnam.
This Friday at its annual Digital Day , the European Commission will be launching a “legislative instrument” called the EU Startup Nations Standard (SNS). It will aim to make the European Union the most attractive place to create a startup, in comparison with obvious global leaders like the U.S.
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