Tagged: baltics

European Regtech Salv Secures License to Operate as a “Closed Service KYC Utility” Service Provider

European Regulatory Technology (RegTech) scale-up Salv has broken new ground by becoming the first technology firm in Europe to secure a regulator-awarded license to operate as a ‘Closed Service KYC Utility’ service provider. The license, granted five years after the standards and regulations were established… Read More

Estateguru Reports Steady Growth with Focus on Property backed Lending in Finland and the Baltics

Estateguru reports that with the continued support of clients has allowed them to weather the storm, and consolidate their status as a key player focused on property backed lending in Finland, and the Baltics. Estateguru‘s management notes in a blog post that the challenging macroeconomic… Read More

EstateGuru Reports €8.2M Worth of New Loans Issued via Platform in May 2023

In May, Estateguru’s crowdfunding platform reportedly saw €8.2M worth of new loans. In May of this year, Estateguru’s crowdfunding platform reported steady activity. Their sales team is now “concentrating on the Baltics and Finland: in Estonia the volume was €4.0M, in Lithuania €1.4M, in Latvia… Read More

J&T Banka, EstateGuru to Fund Real Estate Projects in the Baltics

Estateguru, the Pan-European property investment platform, and the Czech investment bank J&T Banka have made an agreement “to fund real estate-backed loans in the Baltics.” J&T Banka initially “invested €2.5M in Finnish and German loans as part of its continued commitment to funding Estateguru loan… Read More

ESTO, Multitude Bank to Support Business Growth for European Retailers

ESTO Group, a provider of “innovative” payments and shopping solutions in the Baltics, announced that it has entered a strategic partnership with Multitude Bank p.l.c. The company has provided the following operational and financial information. Multitude Bank has “committed €14m into a bond program to… Read More

European Fintech Paysera Added by National Bank of Ukraine to Nation’s Register of Payment Systems

The National Bank of Ukraine has reportedly added Fintech firm Paysera to the nation’s Register of Payment Systems. After carrying out the necessary technical preparations, Paysera will be providing quicker transfers to and from Ukraine to private clients. Transactions will be supported in hryvnias, Euros,… Read More

Mogo Latvia Issues €30M in Bonds, the Largest Issuance in Recent Years by a Private Firm on Nasdaq Riga Stock Exchange

Peer-to-peer lending marketplace Mintos reveals that on 1 March 2021, Mogo Latvia had issued bonds valued at €30 million, thus managing to successfully complete the largest bond issue in recent years by a private firm via the Nasdaq Riga Stock Exchange. On March 11, 2021,… Read More

Slam. Report States that Swedbank and SEB Enabled Fraud Networks Including Failed P2P Lender Envestio

A new report claims that established banks Swedbank and SEB enabled “suspected fraud networks” to operate in the Baltics and mentions bankrupt peer to peer lending platform Envestio by name. Envestio, and similar platform Kuetzal, recently filed for bankruptcy in Estonia. Earlier this year, both… Read More

Envestio and Kuetzal are Bankrupt, According to Public Documents

Peer to peer lenders, Envestio and Kuetzal, have both filed for bankruptcy according to publicly available information. Last January, Crowdfund Insider reported that Envestio and Keutzal were both under duress with some observers calling the online lenders scams. Soon both peer to peer lenders had… Read More

The Baltic Fintech Ecosystem: Building Unicorns

  Jevgenijs Kazanins of Twino introduces the Baltic tech scene at EXEC Fintech in Berlin Those familiar with the European fintech sector may have wondered for some time about why the Baltic States, which are among the smallest countries of Europe, are producing so many… Read More

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