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Revolut applies for bank charter in the US

TechCrunch

Revolut could start offering more financial services. These accounts let a company send and receive international payments more easily. Companies can also use the service for payments with virtual and physical debit cards. After obtaining a charter in the U.S., they handle your deposits and they are insured by the FDIC. .

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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.

Fund 98
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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.

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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. Trying to bring more clients and freelancers to the platform, oDesk recently introduced a new service. “On

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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. While customers can create an account for free, users have to pay some fees for some money management services. Foreign exchange and wealth services represent 55% of total revenue ($421 million/£349 million). Revolut charges at least 0.5%

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Y Combinator widens its bet in edtech in latest batch

TechCrunch

The vast majority of startups in the current edtech batch charge consumers, instead of institutions or enterprises, for services. In some ways, edtech startups going for consumers instead of institutions isn’t new: it’s always been easier to convince a parent instead of a public school to pay for a service simply due to red tape.

India 108
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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. No reason to slow down as more international talent is moving to Vilnius from other EU and Asian countries. Lithuania is now fourth in the global fintech ranking after the U,S,, the U,K, and Singapore.

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