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The startup announced today it has raised a seed extension of $1.5 The funding brings Jeff’s total raised to about $2.5 Jeff raises $1M to build alternative credit scoring and other fintech products for Southeast Asia. For service providers, Jeff serves as a distribution channel, helping them find and retain customers.
The startup, which launched its app in Vietnam last year, announced today it has raised $1 million, led by the Estonian Business Angels Network (EstBAN). Though it is based in Latvia, Jeff will continue focusing on unbanked people in South and Southeast Asia, said founder and chief executive officer Toms Niparts. million seed round.
The company just raised a $12 million Series A funding round (€11 million) led by Index Ventures. Montonio is a multi-faceted product that has been specifically designed for its home market and its neighbor countries — but the startup thinks it could work all around Europe. That’s much cheaper than card payments.
million registered freelancers who have worked 35 million hours in total, as well as 900,000 clients who have posted 1.5 While smaller clients are usually looking to hire one or two freelancers, some of enterprise ones work on a really big scale. This jump has contributed to 60 percent of the hour works dedicated to non-technical work.
Admittedly, in the ‘developed’ countries of Western Europe, startups are generally better off skipping accelerators and raising directly from Angels, HNWs and pre-seed funds. The latter has made investements such in Greece (Plum), Latvia (Printify), and Bulgaria (Cloudpipes). Of course, “your mileage may vary.”
To power the expansion, which will see Lightyear land in 19 new markets, including the Baltics and much of Western Europe, London-based Lightyear has also raised $25 million in a Seres A round of funding led by U.S. Lightyear , a U.K. fintech startup that promises consumers commission-free trading on U.S.
And with over 100 staff spread across Nigeria, France, and Latvia, the company hopes to build an engineering and marketing team in India. The company is working towards getting a microfinance bank license to operate as the former in Nigeria. The Lagos and Paris-based company raised $11 million Series A in 2019.
With this new mechanism, fund managers should be able to raise a new fund more easily. And he strongly believes that the ability to raise large growth rounds in Europe will lead to large tech companies down the road. Spain is also working on a legislative package that includes startup visas. Leveling up tech visas.
If you’re a founder raising money, this is the most bang for your buck you’ll get. Here’s why you should care What works about this slide: It clearly sets the pace for what’s to come. What could be improved: This company is based in Riga, Latvia, which is in north-eastern Europe. Go on, subscribe.
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