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How this shy country wants to become the Silicon Valley of the Baltics

The Next Web

In recent years we’ve been continually impressed with the small Baltic country of Estonia, which has been a frontrunner in many areas within digital solutions and tech innovation, such as e-residency, digital policies, and national cryptocurrencies. What’s going on in Latvia?

Latvia 148
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Valve and five game publishers fined millions for geo-blocking Steam games in EU

The Verge

This broke the EU’s Digital Single Market rules which prohibit those types of barriers. The European Commission says the geo-blocking was to prevent games being activated outside Czechia, Poland, Hungary, Romania, Slovakia, Estonia, Latvia and Lithuania. Five publishers were fined in total. Focus Home was fined almost €2.9

Game 111
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500 Startups unveils its Fall 2012 accelerator lineup: More international and more sh*t founders say

The Next Web

Startups in this class come from far and away, including Argentina, Austria, Australia, Brazil, Croatia, Denmark, India, Japan, Italy, Latvia & Estonia, Spain, and Taiwan. Instamojo: marketplace to sell your digital creations with just one click. Hunie: community for designers to help them get feedback from their peers.

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Jeff raises $1M to build alternative credit scoring and other fintech products for Southeast Asia

TechCrunch

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.

Asia 102
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Financial comparison “super app” Jeff raises $1.5M seed extension

TechCrunch

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.

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With over 1.3 million users, Nigerian-based fintech FairMoney wants to replicate growth in India

TechCrunch

But compared with traditional banks, it was the seventh-largest digital financial services provider in that area. Nigerian digital bank Carbon hit $240M in payments processed last year, up 89% from 2019. But its broader vision is not to be just a digital bank but also a commercial bank. FairMoney is on a similar path, as well.

India 106
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On Friday the EU will put startup-friendly legislation to member states — will they sign up?

TechCrunch

This Friday at its annual Digital Day , the European Commission will be launching a “legislative instrument” called the EU Startup Nations Standard (SNS). Now, before you think I’m about to bore you to death, you might like to know that the SNS is a huge political initiative.

Germany 103