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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. Lithuania is now fourth in the global fintech ranking after the U,S,, the U,K, and Singapore. Lithuania’s life sciences sector is gaining prominence. But what are the locals excited about on the ground?

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France’s strategy for EU startup policies: Talent and money

TechCrunch

And the French government is taking advantage of this opportunity to make some progress on the tech startup policy front. As the name suggests, this new instrument is in charge of establishing a standard for startup policies around Europe. It’s the French Presidency of the Council of the European Union right now.

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Revolut lets customers switch to Revolut Bank in 10 additional countries

TechCrunch

The Bank of Lithuania has granted a specialized license — it isn’t a full-fledged license per se, as it focuses on some activities. Right now, Revolut takes advantage of its banking license in two countries — Poland and Lithuania. Revolut gets European banking license in Lithuania. its home country and its biggest market.

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Valve and five game publishers fined millions for geo-blocking Steam games in EU

The Verge

The European Commission says the geo-blocking was to prevent games being activated outside Czechia, Poland, Hungary, Romania, Slovakia, Estonia, Latvia and Lithuania. This broke the EU’s Digital Single Market rules which prohibit those types of barriers.

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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. This round values the startup at $1.6

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Elon Musk’s Twitter (now X): Everything you need to know, from layoffs to verification

TechCrunch

The app’s enforcement policy says that tweets with such labels will not show up in search results, recommendations or timelines — those tweets will be hidden in both the “For You” and “Following timelines. It’s not clear if the company is applying the same policy to personal accounts.

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Despite remote work and the economic downturn, some companies look to London for expansion

TechCrunch

Proton , the Swiss company behind encrypted email service ProtonMail , already has hubs across its native Switzerland, Lithuania, North Macedonia, and Taiwan. as part of Atlassian’s remote work policy. So why are some companies thumbing their noses at all of this, and opening shiny new offices instead? Financial independence.