Tagged: estonia

October 22, 2019 @ 2:55 am By JD Alois  |  

EstateGuru, an online lender for short-term, property-backed loans for SMEs, is reporting having financed 1040 loans for a total amount of €153 million since 2014. Geographically, 68.27% of them were in Estonia, 17.92% in Latvia, 12.24% in Lithuania, 1.37% in Finland, 0.1% in Portugal, and 0.1%… Read More

October 18, 2019 @ 9:22 am By JD Alois  |  

Pan European peer to peer lender EstateGuru has launched a secondary market for their loans, according to a note from the company. Investors may now buy and sell the securities online. EstateGuru is a peer to peer market for short term, property-backed loans for SMEs…. Read More

October 1, 2019 @ 2:27 am By Cali Haan  |  

The president of the European Central Bank, Mario Draghi, has proscribed Estonia’s plan to issue a state-managed digital currency (or Central Bank Digital Currency – CBDC): “I will comment on the Estonian decision: no member state can introduce its own currency…The currency of the euro… Read More

August 13, 2019 @ 7:30 am By JD Alois  |  

EstateGuru, a crowdfunding platform based in Estonia, is out with a release predicting it will claim €3-5 billion of the European real estate financing by 2025 EstateGuru adds that approximately 70% of SMEs lack access to credit and this is a major constraint to their… Read More

August 7, 2019 @ 7:56 am By JD Alois  |  

EstateGuru, an online marketplace for secured, short term loans, has launched in Portugal, according to a note from the company. EstateGuru is now providing crowdfunding services in six different countries including Estonia, Latvia, Lithuania, Finland, and Spain. EstateGuru said by opening in the Portuguese market… Read More

July 8, 2019 @ 11:00 am By JD Alois  |  

Short term real estate financing platform EstateGuru has been added to the list of approved crowdfunding platforms by the Bank of Lithuania, according to a release. The company has been operating since 2014, connecting an international group of investors and businesses to real estate backed… Read More

June 19, 2019 @ 8:37 am By JD Alois  |  

In an example of Fintech cooperation, EstateGuru investors may new monitor their investments on LHV internet bank. EstateGuru is a short term property loan crowdfunding platform. LHV is the largest domestic financial group in Estonia. According to EstateGuru, on the summary view of the online… Read More

June 4, 2019 @ 8:51 am By JD Alois  |  

EstateGuru, an Estonian lending marketplace dedicated to cross-border property finance, has received the backing of Speedinvest f – a fund launched by Speedinvest, targeting Fintech investments across Europe. In a release, EstateGuru said that Speedinvest will support its geographic expansion across Europe. The amount of… Read More

May 28, 2019 @ 5:04 pm By Cali Haan  |  

For the past few years, cryptocurrency businesses have been flocking to Estonia, attracted by the relaxed regulatory climate the country provided as it vied to be a leader in digital banking in the Baltics. According to ERR News: “The rapidity and ease with which foreign… Read More

March 26, 2019 @ 12:04 pm By Erin Hobey  |  

Exscudo, a blockchain platform which helps users to manage, hold and transfer digital as well as traditional financial assets, recently announced an upcoming credit card linked to the Channels app that will support support EUR, BTC and EON, with plans to add BCH, EHT, ETC,… Read More

March 2, 2019 @ 2:31 am By JD Alois  |  

Peer to peer property lender EstateGuru says it has recently made two “significant’ hires for their executive team. EstateGuru says they have appointed the former head of retail credit risk at Coop, Andres Luts, to fill the position of Baltic Risk Manager. Additionally, Mihkel Roosme,… Read More

February 22, 2019 @ 7:43 am By Cali Haan  |  

Close on the heels of Danske Bank being ordered out of Estonia this week for its alleged role in laundering funds totaling $234 billion USD for Ukrainian, Azerbaijani and Russian clients, Danske Bank has now announced it will be, “clos(ing) down its banking activities in… Read More

February 18, 2019 @ 9:16 am By JD Alois  |  

The European Bank for Reconstruction and Development (EBRD), has applied to join the Global Financial Innovation Network (GFIN) as an observer. GFIN is a global Fintech Sandbox project orchestrated by the UK. GFIN claims a good number of global regulators – each looking to facilitate… Read More

January 30, 2019 @ 1:00 am By Therese Torris  |  

The Paris Fintech Forum gathers more than 2,500 participants this week in Paris at the old stock exchange to meet hundreds of Fintechs and listen to more than 200 CEOs, heads of government and regulation agencies, as well as luminaries such as Ms Christine Lagarde,… Read More

January 17, 2019 @ 3:08 am By Erin Hobey  |  

The IronX Exchange, a joint venture between global multi-asset broker IronFX and Cardano (ADA coin) creator EmurgoHK. The exchange has a full range of both crypto and fiat wallet funding options. Just in: IronX has raised $26,319,447.92 via its token sale. “The IronX token sale… Read More

January 16, 2019 @ 8:53 pm By Cali Haan  |  

Two Belarusian investment companies, VP Capital and Larnabel Ventures, have launched a platform called Currency.com to sell Ethereum-based digital tokens they say represent stocks and commodities like Apple, oil and gold, Yahoo Finance reports. The site will reportedly buy the tokens using other cryptocurrencies. PR… Read More

January 10, 2019 @ 8:50 pm By Cali Haan  |  

Ardo Hansson, an Estonian who is also the Governor of the European Central Bank, told conference attendees in Riga, Latvia, recently that cryptocurrencies are “[a] complete load of nonsense,” and will probably fail, Bloomberg reports. He also called the sector, which has been hailed by many,… Read More

January 10, 2019 @ 11:17 am By JD Alois  |  

Peer to peer lender Bondora is reporting a new record month of loan originations to end the year. According to an email from the online lender, December loan originations topped €8 million for the first time landing at €8.5 million. This a 7% increase over their prior… Read More

December 13, 2018 @ 10:42 pm By JD Alois  |  

Crypto exchange IronX has added two more names to its board of advisors. The former CEO of Sirin Labs Tal Cohen and Dr. Paolo Tasca have signed up to help the firm. Sirin Labs raised a reported $158 million in an initial coin offering. The company… Read More

December 10, 2018 @ 10:55 am By JD Alois  |  

Peer to peer lending platform Bondora says loan originations almost hit €8 million during the month of November. This follows a record-breaking month of October In November, Bondora issued €7,894,070 of new loans, just ahead of the record set for originations in the previous month of €7,802,163. Much of… Read More