Tagged: kazakhstan

Aventus Group Business Operations in Kazakhstan Grew Over 3 Times in 2021

Fintech iPhone Euros Money

Last year, Aventus Group companies operating in Kazakhstan “issued EUR 41.6 million in loans – 3.4 times more than in 2020.” At the end of 2021, Aventus Group’s total portfolio in Kazakhstan “amounted to EUR 14.2 million (the total portfolio grew 2.8 times compared with… Read More

Cryptocurrency Mining Locations Closed Down in Kazakhstan as Local Authorities Claim that They’ve Caused Major Power Shortages

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Kazakhstan, which is reportedly the world’s second-largest miner of Bitcoin (BTC), the flagship cryptocurrency, has closed down its digital currency mining operations until the end of this month. Kazakhstan‘s State electricity provider KEGOC decided to cut off the supply to the virtual currency miners after… Read More

European Lender Mintos Says it Has Removed Cautionary Measures for Firms in Kazakhstan Following Unrest

Caution Do Not Remove

European lender Mintos writes in an extensive update that the Internet connections in Kazakhstan has now been restored, and the restrictions on international payments “were lifted.” The team at Mintos also mentioned that they’ve received proof of payment from all their lending firms from Kazakhstan…. Read More

Bitcoin Mining: Supercomputing Solution Provider, Canaan, Delivers 2000 Avalon Miner Units in Kazakhstan

Mining Mine Cart

Canaan (NASDAQ:CAN), a provider of supercomputing solutions, has confirmed the successful delivery of more than 2,000 Avalon Miner units in Kazakhstan, “marking the commencement of joint mining operations by Canaan’s overseas-registered operating entity,” according to an update shared with CI. As mentioned in the announcement, more… Read More

P2P Lender Robo.cash Provides Loan Origination Updates for Q3 2021

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Croatian P2P lender Robo.cash has shared the performance of its loan originators for Q3 2021. The Robo.cash team writes in a blog post, dated November 2, 2021, that today, they’re updating clients on the results of the Robo.cash loan originators in Q3. UnaPay, the Philippines… Read More

Over €7B in Loans Now Funded via European P2P Lender Mintos

Mintos Team

European P2P lender Mintos reveals that it has reached another key milestone with EUR 7 billion of loans now funded via its platform. The Mintos team writes in a blog post, dated September 6, 2021, that it’s been a year of milestones for them, and… Read More

Hong Kong Blockchain Firm Signs Mining Deal in Kazakhstan

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Taoping (NASDAQ: TAOP), a provider of blockchain technology and smart cloud services, today announced that its wholly-owned subsidiary Taoping Digital Assets (Asia) Limited (TDAA) and a Kazakhstan company Aral Petroleum Capital (APC) have signed an MOU to establish a joint venture in Kazakhstan, of which… Read More

Automobile Lender Jet Finance Launches on European P2P Lender Mintos

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Automobile lender Jet Finance reveals that it has launched on European peer-to-peer lending platform Mintos. As mentioned in a blog post by Mintos, the Jet Finance team says it’s pleased to confirm that it has officially gone live on Mintos. According to the update, Jet… Read More

Peer to Peer Lender Robo.cash Shares Performance Update for Loan Originations during H1 2021

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Croatian peer-to-peer lender Robo.cash has shared its performance update for its loan originations made during H1 2021. The Robo.cash team writes in a blog post that as the first half of this year has now passed, they’re pleased to share with you their most recent… Read More

Kazakhstan based Lending Firm LF TECH to Resume offering Loans via P2P Lending Platform Mintos

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At the end of 2018, LF TECH had launched on Mintos to provide short-term consumer loans issued in Kazakhstan. After the initial launch, the firm paused activities so it could adopt its new strategy and restructure the company for increased scalability opportunities. LF TECH has… Read More

Nasdaq listed Bitcoin Mining Hardware Firm Canaan Launches After-Sales Office in Kazakhstan

Mine Shaft Mining by Martin Brechtl on Unsplash

Canaan Inc. (NASDAQ: CAN), an established high-performance computing solutions provider, revealed on Monday (June 7, 2021) that it has launched its first international after-sales service center, based in Kazakhstan. According to a release shared with CI, the new Service Center will offer Canaan‘s domestic clients… Read More

Digital Identity: iDenfy to Offer ID Verification Services to Kazakhstan Fintech ITCS Trade Ltd

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iDenfy recently revealed that their partnership with Kazakhstan’s Fintech firm ITCS Trade Ltd. will involve iDenfy offering ID verification services for new clients that sign up for the ITCS Trade trading platform. The ITCS team notes: “Our vision at ITCS Trade is to provide you… Read More

Bitcoin Mining Might be a Profitable Business in Kazakhstan As Miners May be Within Lowest 5% of Electricity Rates Globally: Report

Mining Mine Cart

The team at HASHR8 Inc., a cryptocurrency mining and media firm that aims to support the “decentralized growth” of hashrate (or computing power used to secure digital currency networks) while enhancing the security of blockchains, have released their second installment of the Bitcoin Mining Index…. Read More

Kazakhstan based Fintech Kaspi.kz Says its Business Is Performing Well After London Stock Exchange Listing

Kaspi

Most of the staff members at Kazakhstan-based Fintech firm Kaspi.kz (LSE:KSPI) have been working from their homes due to the COVID-19 outbreak. The company claims its business has been doing well despite the challenges created by the Coronavirus crisis. Kaspi provides payment systems and digital… Read More

P2P Lender Robo.cash Provides Updates on Performance of its Loan Originators, May Launch Operations in Sri Lanka

50 Euros Europe Inspect Review Look

Robo.cash, a peer to peer (P2P) lending marketplace, has provided an update on the performance of its loan originators in Q3 2020. The Robo.cash team revealed that its Spanish loan originator, Prestamer.es, has managed to record “one of the best results in the whole group.”… Read More

AFSA, AIFCA, & MAS Signs Corporate Agreement to Boost Fintech Ties Between Singapore & Kazakhstan

Fintech

The Astana Financial Services Authority (AFSA), Astana International Financial Centre Authority (AIFCA) and the Monetary Authority of Singapore (MAS) announced on Tuesday they have signed a tripartite Cooperation Agreement to boost FinTech ties between Singapore and Kazakhstan. The Cooperation Agreement was signed by Mukhtar Bubeyev, Acting… Read More

Robo.cash Founder Sergey Sedov: 26M Euro Loan Milestone, New Research P2P Lending & Peer-to-Portfolio Update

robo.cash

Over 26 million euro loans were financed through the European P2P platform Robo.cash in first eight months in 2018, notably 223% more than in the same period a year earlier. Operating according to the ‘peer-to-portfolio’ model, Robo.cash seeks to bring together private investors and legal… Read More

Robo.cash & LLP Zaymer Expand Partnership into Kazakhstan to Launch TezCredit

robo.cash

The European Р2Р platform Robo.cash and alternative lender LLP Zaymer have expanded their partnership by delivering a new opportunity for investments in Central Asia on the platform – installment loans TezCredit with a repayment period up to 12 months and an expected interest rate up… Read More

Howdy Partner! Blockchain Platform Waves Syncs with IFCA in Davos

Waves Astana

Waves has forged a strategic partnership with IFCA, Astana’s International Financial Center, based in Kazakhstan. The memorandum of cooperation was signed at the CryptoHQ event, within the framework of the World Economic Forum currently being held in Davos (Switzerland), at which Waves also has a presence…. Read More

Newcomer P2P Lender Robo.cash Touts Positive Q4 2017 Start, Nears First Investor €100K Gain Milestone

Sergey sedov

The European P2P platform specializing in short-term investments and founded and owned by entrepreneur Sergey Sedov, Robo.cash marked the start of the Q4 2017 with a record growth of its investors’ number by having attracted 32% more the average figure and came closer to hitting… Read More

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