Tagged: estonia

Planet42 Reports Raising $2.4 Million in Funding Round led by Change Ventures

Planet42, a company based in Estonia but operating in Africa, has reported raising $2.4 million in a seed round led by Change Ventures with support from private investors including Martin Villig (Bolt), Ragnar Sass (Pipedrive), Marko Virkebau (MeetFrank), Kristjan Vilosius (Katana MRP), and others. Planet42… 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

EstateGuru Adds Former BNP Paribas Executive to Supervisory Board

EstateGuru, a peer to peer lending platform that offers secured loans to SMEs, has appointed Gabriella Kindert to its Supervisory Board as an independent member. The move is described as being in line with the Fintech’s expansion strategy as the company strives to become the… Read More

Billions of Dollars in Illicit Cash Allegedly Laundered via Danske Bank, with Help of Licensed Crypto Firms in Estonia

Estonia, one of the world’s most developed nations with an advanced, high-income economy that’s among the fastest-growing in the EU, is reportedly caught up in one of Europe’s largest-ever dirty-money scandals. Estonia has been quite active when it comes to encouraging the adoption of digital… 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

In Midst of Seedrs Funding Round, EstateGuru Announces 50,000 Investor Milestone

EstateGuru is reporting that since January 2020 the investment crowdfunding platform has signed-up 12,952 new investors from 111 different countries. These investors are sufficient for the company to surpass 50,000 investors. Estonia based EstateGuru states that many of the new investors are based in Germany…. Read More

tribeOS is First to use GSX Group’s GRID Platform to Create a Digital Security

The GSX Group recently announced the launch of “GRID” –  platform to create and launch digital securities. GSX is the company that operates the Gibraltar Stock Exchange, among other entities. Today, tribeOS is claiming to be the first company to utilize the platform. tribeOS is… Read More

Like ICOs, IEOs Were More About “Speculation and Trading” than Fundraising and Project Development: Blockchain Sector Report

New York-based SMC Capital, a VC firm focused on blockchain technology, and Estonia’s bigX, a Fintech firm that provides a crypto-fiat exchange, have co-published an extensive report on initial exchange offerings (IEOs). IEOs came after initial coin offerings (ICOs), which are a type of crowdfunding… Read More

EstateGuru Raises 180% of Minimum Target in Just Two Weeks on Seedrs

EstateGuru, a European lending marketplace, has topped €630,377 in a securities offering on Seedrs. Launched at the beginning of this month, EstateGuru set a minimum hurdle of €350,000 but quickly surpassed that goal. EstateGuru is seeking a maximum of €2 million on Seedrs as part… Read More

Estonia-based Fintech AskRobin, which Aims to Serves Underbanked Latin Americans, Secures $1.7 Million in Capital

Estonia-headquartered AskRobin, a Fintech firm that manages a financial services marketplace for underbanked Latin American clients, has secured $1.7 million in capital. AskRobin’s seed round received contributions from several venture capital funds, including BENE Asia Capital, Change Ventures, Lemonade Stand, and Vereeni Early Stage Fund…. Read More

EstateGuru Opens £2 Million Crowdfunding Round on Seedrs, Quickly Tops Minimum Hurdle

EstateGuru, an online marketplace for loans secured by property, has quickly topped its minimum crowdfunding hurdle on Seedrs. EstateGuru set a minimum raise of €350,000 but as of today, the Fintech has raised over €483,000 from 548 individual investors. EstateGuru is hoping to raise €2… Read More

EstateGuru Touts Contact Free Real Estate Transaction for Property Loan

EstateGuru, a marketplace facilitating property-backed loans for SMEs, is touting its “first” 100% contact free transaction for a property loan. According to EstateGuru, the platform financed a reconstruction of a property where everything happened without a single face to face meeting  – an interesting ability… Read More

Doubling in Size Since 2014, EstateGuru Plans Crowdfunding Round on Seedrs

EstateGuru is a peer to peer lender based in Estonia that has grown to over 46,000 investors from 106 countries originating more than €200 million in loans to date. The debt-based crowdfunding platform is now preparing to raise capital via Seedrs – and the offering… Read More

Q1: EstateGuru Reports 2X Investor Base Increase and Growth in Loan Origination Amounts

EstateGuru, a European marketplace for property-backed loans to SMEs, is reporting a solid first quarter – even while the COVID-19 pandemic emerged in the latter half of the period. EstateGuru claims that 8092 new investors joined the platform during Q1 in contrast to 3927 during… Read More

Nordic-Baltic Banking Group, Swedbank, to Sponsor Global Hackathon to Find Solutions to Prevent Further Spread of Coronavirus

Swedbank AB, a Nordic-Baltic banking group headquartered in Stockholm, Sweden, is reportedly sponsoring a global hackathon, which will try to find solutions to deal with the  deadly Coronavirus (COVID-19) outbreak. The event, which is scheduled to take place between April 9-12, 2020, aims to be… Read More

Coinfield – Sologenic Connects Traditional Assets Like Stocks with Crypto

Coinfield, a smaller crypto exchange operating out of Estonia, is working with Solegenic to “connect traditional financial markets with crypto assets,” according to a release. Sologenics, an entity that is affiliated with Coinfield, says it facilitates users with investing, trading, and on-demand tokenization of over… Read More

Estonia: P2P Lender Monethera Suspends All Activities Due to COVID-19

Earlier this week, Monethera issued a rather brief statement via Twitter that it was ceasing all activities due to the COVID-19 outbreak. Details of the decision were said to be forwarded in an email to investors. Sorry to tweet this, but we are forced to… Read More

Kuetzal and Envestio Update: Group of Impacted Investors Look to Mitigate Collapse of Estonian Peer to Peer Lending Platforms

Earlier this year, to Estonia-based peer to peer lending platforms, Envestio and Kuetzal, collapsed leaving investors holding empty promises and possibly a complete loss. At the end of January, the Estonian Police and Border Guard posted a notice asking what may end up being a… Read More

Kuetzal and Envestio P2P Platform Failure Impacted Thousands of Investors

Earlier this year, two Estonian based peer to peer lending platforms vaporized in a burst of questions and allegations of possible fraud. The demise of Kuetzal and Envestio tarnished the image of Estonia, a country seeking to burnish its Fintech credibility by facilitating early-stage financial… Read More

Black Eye: Estonia Hit by Shuttered P2P Investment Platforms, Impacted Investors Look for Answers

Last month, Crowdfund Insider reported on two debt-based investment platforms based in Estonia closing their doors leaving investors with many questions and apparently no money. Envestio tweeted that the problem had to do with a “well-planned set of actions aimed to cause significant financial and… Read More

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