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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?
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. Chewse: marketplace for groups to easily order great food. Iconfinder: site for icons.
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.
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.
In an interview with TechCrunch, France’s digital minister Cédric O shared some news for the European tech ecosystem. According to Cédric O, digital transformation is going to profoundly affect the economy in Europe — just like it strongly reshaped the American economy ten years ago. “We But first, let me rewind just a little bit.
Parliamentarians from the UK, Latvia, Lithuania, and Estonia had all arranged video calls with a hoaxer claiming to be Leonid Volkov, chief of staff to imprisoned Russian anti-Putin politician Alexei Navalny. They did so by cold-calling and emailing their targets from fake addresses, using a real picture of Volkov as their digital avatar.
As many as 300 employees once worked in Twitter’s Boulder offices, but between layoffs, other firings, and resignations, it is probably less than half of that now. Over the Cinco de Mayo weekend, Elon Musk tweeted that the company is working on a cheaper plan for small businesses, but didn’t give any details about the cost.
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