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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?
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.),
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.
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.
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.
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.
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.
That growth has been riding on several concurrent market trends. That collective shift was also pushed along by a second trend, which was a tightening in the global economy, which has compelled consumers to consider spending less on some discretionary items. billion for its used-clothes marketplace.
But juxtaposed against this, some companies seem to be bucking the downsizing trend by not only hiring, but opening physical offices to accommodate broader expansion plans. The report added that this was the highest number it had recorded since it began tracking relocation trends in 2013. capital in recent months. In the U.K.,
Twitter removes ‘government-funded’ news labels Twitter has removed “government-funded media” labels on all accounts, from NPR to the Chinese state-affiliated Xinhua News. The app even appears to have deleted its web page explaining the “government-funded media” labels. Now Twitter says that will change.
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