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Revolut applies for bank charter in the US

TechCrunch

These accounts let a company send and receive international payments more easily. In Europe, Revolut has a specialized license from the Bank of Lithuania — some customers are already moving their account to Revolut Bank. . — they handle your deposits and they are insured by the FDIC. They also issue cards for Revolut. In the U.S.,

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Speakers at IGF Opening Ceremony Support "Multistakeholderism"

Tech Soup

This week, TechSoup Global/Guidestar International's Keisha Taylor has been participating in the Internet Governance Forum in Vilnius, Lithuania. A beautiful rendition of "What a Wonderful World" opened this year's IGF in Vilnius, Lithuania.

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Facebook allows posts with violent speech toward Russian soldiers in specific countries

The Verge

The change first surfaced in a report by Reuters , citing internal emails to moderators. The New York Times confirmed this policy applies to people using the service from Ukraine, Russia, Poland, Latvia, Lithuania, Estonia, Slovakia, Hungary, and Romania. We still won’t allow credible calls for violence against Russian civilians.”.

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Nord Security, the startup behind NordVPN, raises its first-ever funding, $100M at a $1.6B valuation

TechCrunch

What’s notable here is that Vilnius, Lithuania-based Nord has been bootstrapped for the last 10 years (it was founded in 2012), a state that doesn’t seem to have held back its growth. Internal security teams were increased and the company now goes through regular audits, in partnership with U.S. firm Versprite.

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Revolut reports first full year of profit

TechCrunch

its home country), the company now has a full banking license in Lithuania. If the company wants to go public in the coming years, it will have to improve its internal processes. Revolut’s core product is an account to send, hold and receive money combined with a payment card.

Profit 93
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Freelancing is the new normal: oDesk and the future of the workforce marketplace

The Next Web

The company’s VP of Business Development & International Matt Cooper, with whom I spoke a few days before the IDCEE conference where he came to give a talk, is not really concerned with the rivals’ numbers though. Among other fastest-growing client countries one can also find Latvia, Pakistan, Romania, Lithuania, and Malaysia.

Russia 151
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Y Combinator widens its bet in edtech in latest batch

TechCrunch

Turing College: The Lithuania-based online data science school uses income-share agreements to bring affordability to education. The growing internationalization of Y Combinator might help partially explain the uptick in edtech companies. However, the pandemic did show how much community and network enhances a school experience.

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