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

TechCrunch

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.),

Sri Lanka 115
professionals

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Revolut revenue grew by 57% in 2020

TechCrunch

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

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

TechCrunch

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.

Estonia 98
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SumUp raises $895M in debt to double down on its B2C payments business

TechCrunch

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.

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

The Next Web

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.

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