Lithuanian FreeBnk raises $3M

Lithuanian blockchain-based fintech company FreeBnk has raised $3M. American ChaiTech Ventures and Lavender Capital, Australian LVT Capital invested in the startup.

The company will use the raised investment to improve its user interface and app experience, especially for those new to cryptocurrency. The startup plans to enhance the customer experience with 24/7 in-app support.

FreeBnK is a decentralized platform that uses blockchain technology to provide a range of financial services including savings accounts, loans, and insurance products. The startup was founded by in 2022 Yunus Emre Ozkaya and Arash Lowni.

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Tallinn-based provider of subscription service for variety of business ventures Fairown raises €5.7M

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Tallinn-based provider of subscription service for variety of business ventures Fairown has raised €5.7M in a seed extension round. The funding round was led by Munich-based VC BonVenture, with support from existing investors Neosfer (the early-stage investor and innovation unit of German Commerzbank Group), STIHL Ventures (the corporate venture arm of STIHL), and Austria’s Gateway Ventures. Founded in 2018 in Tallinn by Hendrik Roosna and Taivo Turnpu, Fairown provides a solution that allows banks, brands, and retailers to offer their products through a subscription-based model, with a pay-later approach. This system helps companies transition to a product-as-a-service model, allowing customers to access products regularly without having to purchase them outright. Additionally, Fairown facilitates the management of product renewal cycles by encouraging customers to return used products to the seller instead of sending them to landfills or reselling them. For instance, customers who wa
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Lithuanian AI-powered digital math tutor Alfa Space raises €315K

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Lithuanian AI-powered digital math tutor Alfa Space has raised €315K from Lithuanian business angels. Founded in 2024 by Paulius Serva, Vilius Jastremskas, Tomas Sipko, and Emilija Platukite, Alfa Space is developing a personalized math tutoring platform based on artificial intelligence.  Alfa Space helps to coordinate the math learning process and answers students' questions. The virtual assistant also explains the rules and presents the solution to the task or the desired topic, including the topic of the VBE (standardized math exam for high school students in Lithuania). The platform contains motivational content, videos, theoretical presentations, and others. It can assess the child's skills, identify gaps, and shape the learning process. In addition, the platform provides recommendations for the development of specific skills. The Alfa Space platform can also be used by teachers for free lesson preparation, homework, test writing, and other functions. According to the co
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