Tagged: global crisis

October 3, 2022 @ 12:07 pm By Omar Faridi  |  

Pensions are invested in global stock and debt markets, and therefore “what happens around the world will also be felt in our pensions,” the team at UK’s PensionBee explains. PensionBee wrote in a blog post that September saw “the continuation of the domino effect created… Read More

September 29, 2022 @ 8:11 am By Omar Faridi  |  

The European Commission has welcomed a Joint Statement by EU and Ukrainian financial institutions “to provide access to affordable, accessible and transparent remittance services to Ukraine.” Today, remittances from Ukrainians in the EU are “a vital way of providing means of subsistence to their families… Read More

September 19, 2022 @ 8:32 am By Omar Faridi  |  

PeerBerry business partners are repaying more than €1.6 million of war-affected loans. As noted in the update from PeerBerry, AutoMoney UA and Slon Credit UA long-term loans are being “repaid under the initial loan schedule.” The last payments of these loans “are being repaid with… Read More

September 5, 2022 @ 2:17 am By Omar Faridi  |  

After months of investments tumbling in a downward trend, July seemed “to mark a positive turning point for global markets,” according to an update from PensionBee. In fact, China was “the only leading stock market to fall in value.” This brief rebound had “created speculation… Read More

September 3, 2022 @ 11:40 am By Omar Faridi  |  

The economy is facing massive disruptions: inflation, great resignation, and possible recession, among others. This has driven customers to switch financial institutions at a click of a button, looking for the ones that provide them the most benefits and help with their financial health. However,… Read More

August 28, 2022 @ 7:01 pm By Omar Faridi  |  

In the recent update about Loan Originator’s Chain Finance borrower and its war-affected assets in Ukraine, Debitum has commented on the status of repayments for June, plans regarding investments, and shared other details about business operations. Debitum has now shared the latest information and data… Read More

August 21, 2022 @ 9:56 pm By Omar Faridi  |  

PeerBerry partners continue regular repayments of “war-affected” loans. The repayment of over EUR 1.4 million of war-affected loans was reportedly completed on August 17, 2022. EUR 1.2 million is “dedicated to repaying war-affected Ukrainian and Russian short-term loans,” the team at PeerBerry revealed. The also… Read More

July 19, 2022 @ 8:12 am By Omar Faridi  |  

The team at Mintos has shared their latest Insight report, which is their monthly publication that summarizes what’s been happening on their platform, including wider market updates, educational topics, and other pertinent information. During the last 6 months, the dynamics of the investment market “have… Read More

July 18, 2022 @ 8:32 am By Omar Faridi  |  

This month PeerBerry repaid more than EUR 1.4 million of “war-affected” loans. As confirmed in a blog post, PeerBerry business partners are “repaying EUR 1,2 million of war-affected Ukrainian and Russian short-term loans.” An additional amount of “up to EUR 200 000 of war-affected real… Read More

July 14, 2022 @ 8:01 am By Omar Faridi  |  

Persistent inflation, supply chain weaknesses and concerns over the severity of interest rate hikes are “pushing more business leaders to make difficult decisions to preserve the economic health of their companies.” This, according to the 2022 Working Capital Survey from C2FO, which claims to be… Read More

July 4, 2022 @ 9:07 am By Omar Faridi  |  

On June 29, the European Commission and the Ukrainian Association of Fintech for Innovation Companies (UAFIC) and the European Association of Digital Finance (EDFA) supported a project to implement tech solutions that should help Ukrainians — pan-European hackathon “Coding Challenge for Ukraine.” The event’s partner… Read More

June 23, 2022 @ 1:46 am By Omar Faridi  |  

On June 22, 2022, PeerBerry’s business partner, renewable energy company Litelektra, “repaid a EUR 0.7 million loan to investors and paid EUR 35,685 in interest.” Currently, PeerBerry investors can “invest in another Litelektra wind farm project available on the PeerBerry platform with a 10% ROI.”… Read More

June 21, 2022 @ 10:19 am By Omar Faridi  |  

Lithuania’s borderless financing platform Debitum recently shared its annual financial report. The team at Debitum noted that they are happy that the number of registrations “reached 8360 at the end of 2021.” This means “an increase of 41%,” the company revealed while adding that it… Read More

June 16, 2022 @ 8:25 am By Omar Faridi  |  

Wealthsimple is reportedly laying off 13% of its staff members as the financial services firm joins the slew of global technology businesses facing market “immense volatility.” In a letter to staff of the Toronto-headquartered company on Wednesday, CEO Michael Katchen noted that 159 of the… Read More

June 6, 2022 @ 3:07 pm By Omar Faridi  |  

After “very positive” growth in April, in May, the volumes of funded loans on PeerBerry further “grew by 16%.” EUR 38,48 million of loans have been funded on PeerBerry last month. PeerBerry is a marketplace platform where investors can participate in short term, high interest… Read More

May 30, 2022 @ 3:11 pm By Omar Faridi  |  

The team at online pension provider PensionBee notes that they havewritten during the first few months of the year about “the challenges affecting pensions; inflation, supply chain issues and the ongoing war in Ukraine among other things.” This combination of factors “is driving down market… Read More

May 28, 2022 @ 1:52 pm By Omar Faridi  |  

Stable, the ‘home of hedging’ for the $5 trillion agricultural commodity industry, recently revealed that it has finalized a $60 million Series B. The investment round has reportedly been led by Acrew along with key investors Greycroft, Notion Capital, Syngenta and Continental Grain Company also… Read More

May 17, 2022 @ 7:58 am By Omar Faridi  |  

Debitum reports that it is continuously monitoring the current situation with ChainFinance issued loans to the borrower in Ukraine. Recently, upon their request, Debitum have received “more detailed information about what is going on and what are the plans for the future regarding investments in… Read More

May 9, 2022 @ 6:47 pm By Omar Faridi  |  

Under the background of the Russian- Ukrainian War and sanctions in western countries, a global commodity crisis is “brewing” and the new global monetary system – Bretton Woods Ⅲ may be developing, said Zoltan Pozsar, an analyst at UBS. A recent report by Huobi Research… Read More

May 3, 2022 @ 2:27 am By Omar Faridi  |  

PeerBerry business partners are reportedly repaying an additional €0.7 million on war-affected Ukrainian and Russian short-term loans. After today’s repayment, the total amount of repaid war-affected loans in April “will be €3.64 million (significantly more than the planned amount of EUR 1,3 million at the… Read More