Tagged: estonia

Fintech Adyen Enters Payments Partnership with S Group Across Finland and Estonia Locations

S Group, the Finnish retail market firm, is set to enhance customer experiences through an extensive partnership with Adyen (ADYEN:AMS), the global financial technology platform of choice for leading businesses. S Group offers everyday services “at grocery stores, hotels and restaurants, department stores, service station stores,… Read More

Bondora Reports Rebound for Originations and Investments in October 2023

Bondora reports that the month of October 2023 saw a rebound for originations and investments. Bondora notes in a blog post that after decreasing slightly in September, investments and originations rebounded in October. Both these statistics “totaled just over €15M, with a growth rate of… Read More

Estonian Payment Processor ESTO Holdings Reports Steady Business Growth

ESTO Holdings OU, an Estonian payment processor and consumer credit provider,  reported its financial results “for the three-quarters of 2023.” With revenue growth of 54% from a year ago, the company has “achieved a historic milestone by attaining a three consecutive quarter profit of EUR… Read More

EstateGuru Reports 80% Increase in YoY Repayments and Income

EstateGuru, an online investment platform for debt securities, says the first nine months of 2023 saw investors receiving €107.5 million in returns, with €13.5 million being profit. EstateGuru adds that Q3 delivered €46.6 million in principal repayments and income, an increase of over 80% compared… Read More

Estateguru Partners with Crowd Credit in Japan, Commits to Invest Up to €10 million

  European online investment platform EstateGuru has signed an agreement with Crowd Credit in Japan, where the platform will invest up to €10 million in projects listed on the EstateGuru platform. EstateGuru, based in Estonia, is an online lending platform that allows any investor to… Read More

Investment Platform Bondora Reports €15M+ in Investment Funding and Originations During August 2023

The growth that kickstarted in July has continued into August, “with increases across the board,” the team at Bondora noted. Loan originations, as well as investment product funding, “totaled over €15M each in August. Cash recoveries and collection efforts also increased to over €1M.” Bondora… Read More

Fagura, a Fintech that Has Raised Money on Seedrs, Approved to Offer Crowdfunding

Fagura (Honeycomb in Romanian), a digital banking and alternative investment platform, has been approved to offer investment crowdfunding in the EU. Fagura is an Estonian Fintech that is said to be building a digital bank. The company has raised growth capital twice on Seedrs, totaling… Read More

iProov, Cybernetica Partner to Deliver MFA-Focused Digital ID Solution

iProov, a provider of facial biometrics solutions, this week announced a new partnership with Estonia-based Cybernetica, a company focused on delivering future-proof technologies for secure digital societies. The partnership will see the companies collaborate to create a multi-factor authentication (MFA) digital identity solution for government… Read More

EstateGuru Says Crowdfunding is Back, Reports €18.9 Million Invested in July, August

European online investment platform EstateGuru says crowdfunding is back after booking two solid months of activity. According to the platform, investors committed €18.9 million to new projects during the months of July and August. At the same time, €30.4 million was returned to investors, including … Read More

EstateGuru Reports Robust Performance of Loan Origination Volume in July Across Key Markets

EstateGuru reports that the loan origination volume in July “performed robustly across our key markets.” As noted in the update shared by EstateGuru, Estonia accounted “for €5.0M, Latvia contributed €1.4M, and Lithuania added €1.9M, resulting in a total origination volume of €8.9M.” The EstateGuru team… Read More

In Partnership with Moody’s, EstateGuru Offers Ratings on Securities Offerings

EstateGuru, an online marketplace for property-backed loans, has partnered with Moody’s to rate the securities offerings listed on the crowdfunding platform. Mihkel Stamm, CEO of Estateguru, said it is very important that investors on crowdfunded offerings have access to the best possible information. He shared… Read More

Bondora Platform Originations, Investments Totaled Over €14M Each in July: Report

July kickstarted what could be the “rebound” after a slow summer for investments and loan originations. Both originations and investments totaled over €14M each in July, according to a recent update from Bondora. As noted in a blog post by Bondora, the API technical error… Read More

European Investment Platform Bondora Shares Key Updates from H1 2023

Bondora notes that we are more than halfway through the year. Like with any goal, it’s essential to acknowledge achievements along the way to stay motivated on the path to success, the team at Bondora noted while adding “that a lot has happened already, and… Read More

European Investment Platform Shojin, LINUS, Reinvest24 to Focus on Real Estate Initiatives

Investment platform Shojin has teamed up with LINUS as well as Reinvest24 in order to expand various real estate opportunities. Shojin, a UK-headquartered FCA-regulated investment platform, has announced its partnership with LINUS Digital Finance, a Berlin-based real estate investment platform, and Reinvest24, an Estonia-based real… Read More

DLT Adoption: Orbital Secures £5M to Help Firms Realize Potential of Blockchain Payments

Orbital, the London, Tallinn and Gibraltar-based traditional finance and crypto payments platform for global enterprises, has raised £5M ($6.4M) in “an oversubscribed growth round led by Golden Record Ventures, at an attractive valuation in which the founders are maintaining a large majority.” Participants in the… Read More

EstateGuru Provides Half Year Update

EstateGuru, a platform that matches borrowers with investors, has provided a half year update on its activities. The company reported that during the first 6 months of the year, EstateGuru has financed 269 separate real estate projects raising €44 million. During the same period, investors… Read More

European Investment Platform Bondora Committed to Enhancing Credit Industry for Clients

European investment platform Bondora says it remains committed to improving the credit industry for all customers. Pärtel Tomberg, CEO and Founder of Bondora, has said: “So far, we have issued credit agreements in accordance with the law and previous guidelines. We don’t foresee significant changes… Read More

BaFin Launches Investigation Targeting Blackfort Tech for Offering Financial Services Without Authorizations

German financial regulator BaFin has launched an investigation targeting Blackfort Tech based in Estonia. In a consumer warning, BaFin said that the company offers banking business or provides financial and/or investment services on its website Blackfort.exchange, without the required authorization. Blackfort.exchange lists both an address… Read More

EstateGuru Comments on its Approval to Operate Under ECSPR to Provide Pan-European Securities Offerings

EstateGuru, an established online marketplace for secured loans, has been approved to operate across the European Union under ECSPR or European Crowdfunding Securities Provider Regulation. EstateGuru will join a handful of other online marketplaces to issue securities and raise capital online in the EU. As… Read More

European Investment Platform Bondora Reports Solid Performance in The Netherlands, Steady Recoveries

Despite small decreases, there was still a large number of investments and loans originated in May 2023, according to an update from European investment platform Bondora. Both were in the €19 million ballpark, which is still “some of the highest monthly amounts they’ve seen recently.”… Read More

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