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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.
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.
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.
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.
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.
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.
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.
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?
But juxtaposed against this, some companies seem to be bucking the downsizing trend by not only hiring, but opening physical offices to accommodate broader expansion plans. The report added that this was the highest number it had recorded since it began tracking relocation trends in 2013. capital in recent months.
Video calls are coming to X CEO Linda Yaccarino confirmed in her first TV interview that video calls will be a new feature coming to the service, as part of its transformation into an “everything app.” The service was recently renamed to XBlue during the Twitter rebrand to X. Lawsuit time. Now Twitter says that will change.
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