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Finnish AI writing tool Flowrite closes pre-seed funding which includes Unity founder David Helgason

Finnish startup Flowrite, building an AI-powered writing tool on OpenAI’s GPT-3, has closed a pre-seed funding round of €550,000 from Europe’s leading early-stage investors Lifeline Ventures and Seedcamp, joined by angel investors including Unity founder David Helgason. Flowrite is among the first companies globally to launch and raise funding for a product built on top of OpenAI’s language model GPT-3. …

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Lithuania eases restrictions on IT licenscing for Fintechs

As in many countries during the pandemic, contactless payments have been on the rise in Lithuana.   The country has chosen to make Fintech a national priority and has updated the process for business licensing for Fintech companies. By Lukas Pereckas “The whole Fintech ecosystem here is so developed – business support networks, clear efficient regulation, lawyers who know the field …

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10 Latvian startups to watch

A small nation of fewer than 2 million people, Latvia is one of Europe’s entrepreneurial hotspots. There are several advantages that ensure that Latvia is a great place for startups starting from a multilingual workforce, affordable costs for operations, a high standard of living, and government support. Latvia has a booming startup ecosystem and a high number of ingenious up-and-comers …

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