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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.

Sri Lanka 115
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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. The site also optimizes its localized gaming experiences to show locally trending gaming products.

Lithuania 103
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Montonio is building the payment and checkout solution to rule them all

TechCrunch

Montonio currently supports all major banks in Estonia, Latvia, Lithuania and a few major banks in Finland. For each service, we’re building multi-threading in our product. There are very compelling market trends that will open up the market and Montonio is just anticipating this shift,” Index Ventures partner Julia Andre told me.

Estonia 98
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Revolut revenue grew by 57% in 2020

TechCrunch

These trends aren’t that surprising as I reported that fintech startups spent most of 2020 focusing on profitability and improving their margins. As the extraordinary circumstances of 2020 drove the trend towards digital financial management we continued to innovate for customers to make their financial lives easier and accelerate daily use.

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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.

Business 120
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Freelancing is the new normal: oDesk and the future of the workforce marketplace

The Next Web

Trying to bring more clients and freelancers to the platform, oDesk recently introduced a new service. “On In our customer service team we have a hundred freelancers, in our trust and safety team we have another hundred, in our engineering team we have close to 150.

Russia 151
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Grover grabs $330M to double down on the circular economy with consumer electronics subscriptions

TechCrunch

That growth has been riding on several concurrent market trends. That collective shift was also pushed along by a second trend, which was a tightening in the global economy, which has compelled consumers to consider spending less on some discretionary items. billion for its used-clothes marketplace.

Austria 86