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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.
Railsbank positions itself as a “utility” on which other companies — spanning fintech upstarts, challenger brands, to incumbent banks that want to re-factor their tech — can build and sell various financial services or add fintech features to their products. Singapore, Vilnius (Lithuania), Munich (Germany), Newcastle (U.K.),
Like many tech companies, administrative expenses are responsible for this loss. These trends aren’t that surprising as I reported that fintech startups spent most of 2020 focusing on profitability and improving their margins. “As In 2020, total non-adjusted operating loss reached $277 million (£200.6
It wants to become the only tech partner you need to run a small and medium e-commerce shop. Montonio currently supports all major banks in Estonia, Latvia, Lithuania and a few major banks in Finland. Meet Montonio , an e-commerce checkout solution created by a small startup based in Tallinn, Estonia.
To date, it’s one of the biggest financings, debt or otherwise, for any startup (that is, any privately-backed tech company) in the region. Most recently these deals included acquisitions of the business-focused mobile banking platform Paysolut in Lithuania, as well as Goodtill and Tiller to expand into point-of-sale for bigger venues.
In conversations about freelancing and online marketplaces for remote contract workers of the tech industry, the name of oDesk floats up pretty often. Among other fastest-growing client countries one can also find Latvia, Pakistan, Romania, Lithuania, and Malaysia. million jobs. Top image credit: kazoka / Shutterstock.
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. In addition, the oppressive regime in nearby Belarus has provided an influx of significant tech companies, such as Wargaming, as well as the associated talent. What industry sectors is your tech ecosystem strong in?
Barely a day goes by without news of layoffs emerging from the tech world — from cybersecurity to gaming , no industry is impervious. 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. Financial independence.
Twitter is being evicted from its Boulder office Court documents show that Twitter owes three months’ rent to its Boulder landlord, and a judge has signed off on evicting the tech giant from that office. In fact, it’s unclear whether anyone else can even see your check briefly reappear. Now Twitter says that will change.
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