Tagged: lithuania

November 29, 2022 @ 8:17 am By Omar Faridi  |  

EstateGuru reports that the satisfactory level of loan origination “continued in October with the same storyline as in September.” In October, Estonia was “the best-performing market with €6.5M worth of loans funded, followed by Lithuania (€3,3M) and Germany (€1.8M).” The total financed amount was €15,1M…. Read More

October 10, 2022 @ 2:44 pm By Omar Faridi  |  

PeerBerry’s business partner – real estate developer SIB Group – has reportedly “repaid investments into a commercial real estate project – business center K32 located in a prestigious place in Vilnius (Kęstučio str.32), the capital of Lithuania.” K32 is a Class A commercial building that… Read More

October 10, 2022 @ 8:23 am By Omar Faridi  |  

For the entire world, and especially for the European region, the year 2022 is associated with significant fluctuations in the global economy, which also “have left a remarkable impact on every local market,” the team at Debitum noted. Such a difficult and critical period has… 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 @ 10:51 pm By Omar Faridi  |  

EstateGuru notes that summer is in full swing, which is also evident in their loan volumes. During July 2022, their investors financed €11.8M worth of loans “with Estonia contributing the most with €4.0M, followed by Latvia (€2.3M) and Lithuania (€2.2M).” EstateGuru further noted that they… Read More

August 9, 2022 @ 12:32 am By Omar Faridi  |  

PeerBerry’s business partner – real estate developer SIB Group – has successfully “closed the residential building project Mo Garden in Vilnius,” the capital of Lithuania. The real estate loan of EUR 1 million, “plus an interest rate of EUR 105 438 (total amount of EUR… Read More

July 31, 2022 @ 8:54 pm By Omar Faridi  |  

At the beginning of July 2022, the Debitum Asset-Backed Security (ABS) offer was 5, TRIPLE DRAGON had 15 underlying assets in 3 ABSs, EVERGREEN CAPITAL had 45 underlying assets in 2 ABSs. The number of registered users (activated) in June 2022 “reached 9357 registered users.”… 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 20, 2022 @ 10:24 pm By Omar Faridi  |  

Binance Custody recently announced official support for deposits and withdrawals for IOST, “among other tokens.” With this, IOST joins the list of supported digital tokens in the secure, “regulated,” and insured custody service for the safekeeping of virtual assets services for institutional clients “provided by… Read More

June 15, 2022 @ 8:44 am By Omar Faridi  |  

2021 was the year of considerable growth for PeerBerry, the company claims. The platform has “almost tripled within the previous year.” PeerBerry’s loan portfolio “grew 2,77 times or 177% exceeding EUR 85,43 million at the end of the year 2021.” Last year, through the PeerBerry… Read More

June 14, 2022 @ 6:01 pm By Omar Faridi  |  

Fundvest is a solution for consumers who are looking to grow their wealth. It is a user-friendly savings and investments platform that aims to assist clients with focusing on their long-term financial strategy. It will provide access to EU and US stock exchanges and maintain… Read More

May 27, 2022 @ 9:30 am By JD Alois  |  

While some Fintechs have announced layoffs as the economy stumbles due to inflation and other concerns, Paystrax has just announced it will be doubling the size of its headcount in Lithuania. Paystrax is a payment processing solution that has offices in the UK, Iceland, and… Read More

May 19, 2022 @ 11:07 pm By Omar Faridi  |  

Ripple, which claims to be the “leader” in enterprise blockchain and crypto solutions, announced a partnership with FINCI, the Lithuanian online international money transfer provider, “to deliver instant and cost-effective retail remittances and business to business (B2B) payments via RippleNet’s On-Demand Liquidity (ODL), which leverages… Read More

May 18, 2022 @ 8:29 am By JD Alois  |  

After a painful drop where Bitcoin crashed below $30K and many other cryptocurrencies chased it down, GlobalBlock (TSXV:BLOK) sees light at the end of the tunnel – at least for now. Marcus Sotiriou, Analyst for GlobalBlock, operating in the UK has distributed a comment on… 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 10, 2022 @ 12:40 am By Omar Faridi  |  

PeerBerry’s business partner – real estate developer SIB Group – successfully “closed the residential building project ‘Talino’” in Vilnius, the capital of Lithuania. The real estate loan of €1 million, plus an interest rate of €74,490 (total amount of EUR 1 074 490) was reportedly… Read More

May 9, 2022 @ 8:07 am By Omar Faridi  |  

The Lithuania-headquartered remote ID verification and fraud prevention firm, iDenfy, teams up with Credex, the automated lending platform for point of sales financing. As noted in the update, iDenfy’s full-stack ID verification should enable a fast and secure lending experience for Credex’s clients. The COVID-19… Read More

May 4, 2022 @ 8:27 am By Omar Faridi  |  

Kevin., a Lithuania -headquartered account-to-account payments Fintech, has acquired $65 million via a Series A round that has been led by Accel. Eurazeo, OTB Ventures, Speedinvest, OpenOcean, Global Paytech Ventures, and a host of angels joined the company’s latest investment round, which has come only… Read More

April 19, 2022 @ 3:01 am By Omar Faridi  |  

PeerBerry’s business partner – real estate developer Lithome – successfully “closed the real estate project ‘Aurea Home’ in the center of Vilnius, the capital of Lithuania.” The real estate loan of EUR 1 million, “plus an interest rate of EUR 91 647 (total amount of… Read More

April 19, 2022 @ 2:07 am By Omar Faridi  |  

At the end of February, Debitum had introduced Asset-Backed Securities and by doing so, they reportedly became the first platform in all of Europe that has “managed to offer this kind of financial instrument to the retail market.” Therefore, the Debitum team will represent their… Read More