Vinted, a Lithuanian online used-clothing retailer, has raised €128 million euros (roughly $140 million) in a funding round that valued it at more than €1 billion, making it the small Baltic nation’s first tech unicorn. The round was led by Lightspeed Venture Partners and joined by prior backers such as Sprints Capital, Insight Venture Partners, […]
Earlier this summer, I had the opportunity to spend a few days in Lithuania to check out the startup scene there. I’d never been to Lithuania before, but the country has long been on my radar. Part of the reason for this is the many initiatives the country is putting forward to help develop their […]
This week, Natalie Novick and Andrii Degeler talk about the rush for financial licences in Lithuania, Revolut’s standoff with Lithuanian authorities, the future of work, and more. Also, check out an interview with MEP Julia Reda on the Copyright Directive.
Vilnius-founded mobility platform Trafi has announced the launch of a new multimodal mobility app called Jelbi in partnership with BVG, the main public transport company in Berlin. The app is expected to launch in early summer this year. Jelbi will allow urban travellers to switch between different modes of transportation — such as public transport, […]
The challenger bank Revolut has just become an actual bank by securing a European licence, which it applied for through the Bank of Lithuania. The company plans to start offering protected current accounts, overdrafts, and loans in early 2019. Thanks to the EU’s “bank passport” system, the licence received in Lithuania allows Revolut to offer […]
Editor’s note: This article is part of our award coverage provided to the winner of an event we hosted, Crypto Capital World Summit. It’s independently written by our editorial team in collaboration with another organisation, in this case, Unboxed. If you would like to learn more about sponsored posts on Tech.eu, read this and contact […]
Tech.eu today released an in-depth report on the Baltic startup ecosystem(s) at the Digital Freedom Festival in Riga. The report features an data-driven look at how the technology startup scenes in Latvia, Lithuania and Estonia have evolved in the past four years, zooming in on trends in funding and M&A transactions. The report also features […]