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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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Revolut lets customers switch to Revolut Bank in 10 additional countries

TechCrunch

It lets the company offer some additional financial services without partnering with third-party companies. The Bank of Lithuania has granted a specialized license — it isn’t a full-fledged license per se, as it focuses on some activities. Revolut gets European banking license in Lithuania.

Lithuania 103
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Revolut applies for UK banking license

TechCrunch

The Bank of Lithuania has granted a license and the company is taking advantage of European passporting rules to operate in other European countries. Revolut gets European banking license in Lithuania. Customers will also be protected under the Financial Services Compensation Scheme (FSCS). Revolut could also offer credit cards.

License 105
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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. Revolut confirms a fresh $800M in funding at a $33B valuation to supercharge its financial services super app. “Customers who have not received an email have not been impacted.”.

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

TechCrunch

The investment highlights once again the strength of the Baltics region as a tech ecosystem, after Lithuania produced its first Unicorn in the shape of Vinted , and Estonia added Pipedrive to its unicorns list. With the increased shift to digital entertainment during the pandemic, the startup has managed to garner much more U.S.

Lithuania 103
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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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Revolut applies for bank charter in the US

TechCrunch

Revolut could start offering more financial services. Companies can also use the service for payments with virtual and physical debit cards. In Europe, Revolut has a specialized license from the Bank of Lithuania — some customers are already moving their account to Revolut Bank. After obtaining a charter in the U.S., In the U.S.,