Tagged: latvia

Online Marketplace for Loans Mintos Raises €5 Million Series A, Becomes More Like a Bank with New Services

Mintos, an online marketplace for loans, has just announced a € 5 million Series A funding round. As part of the announcement, Latvia-based Mintos is entering the stealth bank realm by moving to provide their users with both IBAN accounts and personal debit cards. By providing… Read More

Russian Online Lender MFC Zaymer Joins Robo.cash

Automated peer to peer platform Robo.cash has issued a note saying Russian microfinance company MFC Zaymer is joining their platform. The company operates Zaymer.ru that offers short-term (payday) loans with interest rates for investors of 14% in Euros and up to 18% for loans originated in Rubles…. Read More

P2P Lending Marketplace Mintos Partners with Payments Company Trustly

Mintos, an online marketplace for peer to peer loans for retail investors, has partnered with European payments Fintech Trustly. Founded in 2008, Trustly Group AB is a Swedish Fintech firm. Mintos will now allow investors to transfer funds in real time from banks in 29 different… Read More

Vranova and Zucco Announce Creation of Bitcoin “B Foundation”

Bitcoin entrepreneurs Alena Vranova and Giacomo Zucco announced today that they are creating a foundation to help Bitcoin, an automated, autonomous payment network invented in 2009, compete with centralized cryptocurrency ventures. Vranova, an early adopter of Bitcoin and co-creator of the Bitcoin projects Slush Pool,… Read More

Baltic Honey Badger Bitcoin Conference Closes with Heavyweight Panel

Honey Badger

The Baltic Honey Badger Conference of 2018, held this year in Riga, Latvia, wrapped up today with a panel featuring Adam Back, the CEO of Blockstream, Giacomo Zucco, CEO at BHB Network; Tone Vays, a former Wall Street risk analyst and Bitcoin advocate; and Eric Lombrozo,… Read More

Latvian Fintech Mintos Surpasses €1 Billion Milestone in Loans Funded

Mintos, an online marketplace for loans, has topped € 1 billion in total loans funded after three and a half years of operation. During 2018, Mintos says platform velocity has increased with €500 million invested so far. The platform expects the trajectory to continue with Mintos surpassing €2… Read More

Crypto Startup Orca Partners with MisterTango on SEPA Payments

Fintech Orca has signed a partnership with MisterTango. Orca wants to be a bridge between crypto and traditional finance or “one app to build your own bank.” MisterTango is a payments platform. The agreement enables ORCA to have the ability to develop solutions for SEPA payment account… Read More

ORCA Alliance Easily Raises First ICO Stage of $1.5 Million for Crypto Friendly Banking APIs

ORCA Alliance is reporting that its initial coin offering (ICO) easily raised its $1.5 million target in just 50 hours. The Latvia based Fintech is building an “Open Banking” platform seeks to enable digital banking that is crypto friendly. In June, Orca reported it took… Read More

New Milestone: Latvian P2P Lender Robo.Cash Facilitates $40M+ Lending

European P2P platform Robo.cash, which offers automated investments in the portfolio of the lending companies, has reportedly facilitated funding of half a million loans totaling over €40 million on the heels of reaching a $4M in attracted investments milestone and entrance into Kazakhstan through its partnership with alternative lender… Read More

European Online Lender 4finance Appoints Oyvind Oanes as New CEO

4finance Group S.A., one of the largest online lenders in Europe, has appointed Oyvind Oanes as Group CEO. Oanes will step into the role on August 1, 2018 succeeding current CEO Mark Ruddock, who will return to the Group’s supervisory board. Ruddock said that over the… Read More

Orca Claims Cryptocurrency to Fiat Withdrawal Speed of Less than 6 Seconds

Everyone knows that it can take some time to move your cryptocurrency around, depending on the coin. It can take even longer to exchange your crypto for cash – as in US dollars. Sure, there are plenty of companies that provide crypto to fiat withdrawals…. Read More

New Robo.cash P2P Lending & Millennials Research & 4M€ Milestone

Alternative lending observes a continuously increasing number of Millennials and Generation Z, according to the Latvian P2P platform Robo.cash. This growth is supported by the interest of young investors in a “simple and comfortable source of additional income” and the positive experience gained at the… Read More

Three Year Old Fintech Mintos is Profitable

Latvian Fintech Mintos is reporting a profit in its brief three year old history. According to the company, the global online marketplace for loans has seen their revenue increase more than four-fold in 2017 to € 2.1 million generating a net profit for the year of €… Read More

Mintos: First UK Loan Originator Listed Today

Mintos, a European marketplace for  peer to peer loans, is a leader in Continental Europe with an estimated 39% market share. Today, Mintos has announced a significant next step by listing their first UK originator – thus expanding into the most robust P2P market in… Read More

First Anniversary Recap: Online Lender Robo.Cash Posts 2017 Stats

Robo.cash outlined the results of its first year in operation on the European P2P lending market: 2,000 investors from the EU and Switzerland invested over €3M in the issue of 330,000 short-term PDL-loans in Kazakhstan and Spain. The average inflow of investments is €240,000 with… Read More

Huge: Mintos Online Lending Marketplace Surpasses $500 Million in Just Three Years

Mintos, an online marketplace that provides individuals with a simplified way to invest in loans originated by a variety of alternative lending companies around the world, has announced a new milestone having topped the half a billion euro mark in cumulative investments by investors. Reportedly,… Read More

Online Lender Robo.Cash Shares Insight into Investor Activity

Peer to peer lender Robo.cash has shared a “financial portrait of a Robo.cash investor.” Their study reflects the behavior of investors on the European P2P platform, including the actual volume of investment, the quantity and size of deposits and withdrawals of funds from the platform, is… Read More

P2P Lender RoboCash Updates on 2017 Progress

Latvia-based European peer to peer lender Robo.Cash, a young platform that is less than a year old, has provided an update on loan origination progress.  According to the P2P lender, RoboCash attracted € 2.5 million of investments in pay day lending (PDL) loans in 2017. Robo.Cash… Read More

Mintos, an Online Marketplace for Loans, Adds First Russian Loan Originator to Platform.

The Mintos marketplace for loans has added its first Russia based loan originator: EcoFinance. The online lender offers investments in unsecured personal loans issued in Russia under its CreditPlus brand. Mintos reports that EcoFinance loans on its marketplace will initially be listed in Euros with… Read More

Latvian P2P Platform DoFinance Now Available for Investments from Legal Entities

On Tuesday, Latvian peer-to-peer lending platform DoFinance announced it is now available for investments from legal entities. According to the online lender, it is already offering investment options for individuals and is operating in both European and Asian markets. According to DoFinance, for both individuals… Read More

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