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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. Vinted (first Lithuanian unicorn, secondhand fashion online marketplace which raised €128 million in an equity funding round, valuing the company at over €1 billion in 2019). What is it weak in?

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Railsbank, the Banking-as-a-Service, raises $37M in growth funding

TechCrunch

Railsbank , the London-headquartered Banking-as-a-Service platform, has raised $37 million in new growth funding. This will include the launch of “credit cards as a service” in the U.S. Railsbank is a utility for the complete financial services backend: platform, connectivity, operations, scheme memberships (e.g.

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After lockdowns boost gaming marketplace Eneba, it raises $8M from Practica and InReach

TechCrunch

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. Security has risen up the agenda in online gaming as virtual goods and services connected to games can be highly susceptible to fraud or theft.

Lithuania 103
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SumUp raises $895M in debt to double down on its B2C payments business

TechCrunch

SumUp , a London-based startup that helps businesses power revenues through card payments — by way of physical readers, online payments, invoices and other services — is itself powering up in a big way. and basing their service around small card payment dongles that attached to phones or tablets. in an all-cash deal.

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

TechCrunch

The company has raised $100 million in a round of funding led by Novator — the European firm that’s backed Deliveroo, Stripe and Tier, among others — with Burda Principal Investments and General Catalyst, and individuals including Ilkka Paananen of Supercell, Miki Kuusi of Wolt and Matt Mullenweg of Automattic also participating.

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Revolut confirms cyberattack exposed personal data of tens of thousands of users

TechCrunch

Revolut, which has a banking license in Lithuania, wouldn’t say exactly how many customers were affected. Last year Revolut raised $800 million in fresh capital , valuing the startup at more than $33 billion. Revolut confirms a fresh $800M in funding at a $33B valuation to supercharge its financial services super app.

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Facebook Dating launches in Europe after lengthy delay

The Verge

The dating service offers the same features in Europe as it does in the US , using the existing profile you’ve created on Facebook to find potential matches. Facebook originally planned to launch its dating service in Europe back in February. Facebook originally planned to launch its dating service in Europe back in February.

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