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Locals share why Vilnius, Lithuania is becoming an international startup hub

TechCrunch

There are plenty of reasons why Vilnius, Lithuania’s capital city, has an increasingly visible startup sector. However, one said: “The ecosystem still lacks local funding for the late Series A and beyond rounds.”. Local and with small funds, mostly subsidized by government and EU. We surveyed: • Gerda Sakalauskait?

Lithuania 103
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Railsbank, the Banking-as-a-Service, raises $37M in growth funding

TechCrunch

Railsbank , the London-headquartered Banking-as-a-Service platform, has raised $37 million in new growth funding. More recently — and unsurprisingly given recent fintech trends — Railsbank is also talking itself up as an embedded finance partner. Singapore, Vilnius (Lithuania), Munich (Germany), Newcastle (U.K.),

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professionals

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After lockdowns boost gaming marketplace Eneba, it raises $8M from Practica and InReach

TechCrunch

Eneba , a marketplace for gamers that sells games and other products, has raised an $8 million round of funding from Practica Capital and InReach Ventures. The funding is described as a “combination” of a seed and Series A round.

Lithuania 103
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Montonio is building the payment and checkout solution to rule them all

TechCrunch

The company just raised a $12 million Series A funding round (€11 million) led by Index Ventures. Montonio currently supports all major banks in Estonia, Latvia, Lithuania and a few major banks in Finland. Previous investors Tera Ventures, ffVC and Superangel also participated in today’s funding round.

Estonia 98
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Revolut revenue grew by 57% in 2020

TechCrunch

These trends aren’t that surprising as I reported that fintech startups spent most of 2020 focusing on profitability and improving their margins. As the extraordinary circumstances of 2020 drove the trend towards digital financial management we continued to innovate for customers to make their financial lives easier and accelerate daily use.

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SumUp raises $895M in debt to double down on its B2C payments business

TechCrunch

The funding is coming from Goldman Sachs, Temasek, Bain Capital Credit, Crestline and funds managed by Oaktree Capital Management. 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.

Business 120
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Freelancing is the new normal: oDesk and the future of the workforce marketplace

The Next Web

Among other fastest-growing client countries one can also find Latvia, Pakistan, Romania, Lithuania, and Malaysia. Since September 2013, PayPal users in Russia can withdraw funds in rubles to Russian bank accounts, which could make all the payments way easier for both freelancers and clients. Have laptop – will freelance.

Russia 151