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Locals share why Vilnius, Lithuania is becoming an international startup hub

TechCrunch

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?

Lithuania 103
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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

More recently — and unsurprisingly given recent fintech trends — Railsbank is also talking itself up as an embedded finance partner. Singapore, Vilnius (Lithuania), Munich (Germany), Newcastle (U.K.), Visa), regulation, and compliance,” he told me at the time. It has offices in 11 locations: Santa Monica (U.S.),

Sri Lanka 115
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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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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. 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. That’s much cheaper than card payments.

Estonia 98
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Freelancing is the new normal: oDesk and the future of the workforce marketplace

The Next Web

Among other fastest-growing client countries one can also find Latvia, Pakistan, Romania, Lithuania, and Malaysia. With a trend toward freedom of choice and flexible management, all signs point to an even more remote professional lifestyle in the coming years. So, what does one need to do first after deciding to become a freelancer?

Russia 151
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SumUp raises $895M in debt to double down on its B2C payments business

TechCrunch

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. Over the years, SumUp has picked up a number of other startups to expand the services that it offers, as well as its markets.

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