Tagged: estonia

Hong Kong Crypto Exchange CoinEx Receives Operating License in Estonia

CoinEx, a global and professional cryptocurrency exchange service provider, announced on Friday it received an operating license from the Estonian Financial Intelligence Unit (FIU). The Hong Kong-based platform is now a fully regulated cryptocurrency exchange under the Estonian laws and is now able to provide… Read More

AML Software Developer Salv Secures $2 Million in Seed Round Led by Fly Ventures, Passion Capital and Seedcamp

Salv, an anti-money laundering (AML) company established by former employees at Skype and TransferWise, has secured $2 million via a seed funding round. Salv’s investment round was led by Fly Ventures, Passion Capital and Seedcamp. N26 founder Maximilian Tayenthal, former Twilio CTO Ott Kaukver, and… Read More

Estonia-based Crypto Trading Platform DX.Exchange Halts Operations Following a Petition Submitted by Company Employees

The company behind an Estonia-headquartered, Nasdaq-powered digital currency exchange DX.Exchange is reportedly halting its operations, after a petition submitted by its workers. CX Technologies, the Israeli firm that had been managing DX.Exchange’s operations, entered bankruptcy after 78 employees filed a petition against the exchange with… Read More

EstateGuru Reports Having Financed €153 Million in Loans since 2014

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

European P2P Lender for Property Backed Loans Estate Guru Launches Secondary Market

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

President of European Central Bank Nixes Digital Currency for Estonia, “Currency of Eurozone is Euro”

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

EstateGuru: “We are going to put Estonia on the map,” Seeks to Carve Out €5 Billion of European Real Estate Financing Market

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

EstateGuru, a Marketplace for Short-Term, Property Backed Loans, Launches in Portugal

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

Property Platform EstateGuru Added to Bank of Lithuania List of Approved Crowdfunding Operators

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

Investors Using EstateGuru May Now See Their Investments on LHV Internet Bank

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

Property Lending Platform EstateGuru Receives Investment from Speedinvest f

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

New Estonian Government Proposes Tighter Anti-Money Laundering Restrictions, Higher Standards for Crypto Businesses

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

Quick Q&A: Exscudo Founder & CEO Andrew Zimine Highlights New Credit Card, Growth Plans & Transparency

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

P2P Lender EstateGuru Hires former Traditional Bankers

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

Accused of Laundering $234 Billion, Danske Bank Ceases Most Banking in Russia and Baltic Countries

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

EBRD Looks to Join UK Launched Global Financial Innovation Network, Partners with Estonia on Fintech Sandbox

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

A Fireside Chat With EstateGuru, the P2P Lender that Takes Property Finance Across Borders

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

IronX Exchange Celebrates $26.3M+ IRX Token Sale, Beta Launch Continues

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

Belarus Selling “Tokenized Stocks” for Crypto- Buyer Beware

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

Estonian Head of the European Central Bank Calls Cryptocurrencies “A Complete Load of Nonsense”

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

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