The owner of CarMoney, a Russian firm focused on offering secured car loans, launched a direct listing on the Moscow Exchange on Monday (July 4, 2023) in a capital raise that valued the business at roughly 6.3 billion roubles (or the equivalent of $70.7 million)…. Read More
Read more in: Fintech, Global | Tagged auto loans, capital raise, direct listing, lending, loans, moscow, moscow exchange, russia, stg
The team at Fintech firm Paysend notes that the world of work has changed, and never more so than in the past 2 years. Many businesses are reporting that they are “struggling to cater to changes that come with being Remote.” At Paysend, they made… Read More
Read more in: Fintech, General News, Global | Tagged company policies, coronavirus, covid-19, london, moscow, paysend, remote work, remote working
VTB Bank (FRA: KYM1) has entered into an agreement with the Federal Tax Service of Russia in order to introduce a service for providing a qualified electronic signature (QES) via a physical medium. The pilot initiative will begin in Moscow and St. Petersburg for the banking… Read More
Read more in: Fintech, General News, Global, Politics, Legal & Regulation, Regtech & Legaltech | Tagged automation, banking, digital signature, document verification, electronic signature, moscow, russia, st. petersburg, vtb
Russia’s blockchain or distributed ledger technology (DLT)-enabled voting system for the constitutional amendments recently suffered an attack through an election observer’s node. State-owned news outlet TASS reported that the attack took place on June 27, 2020, at about 8 PM CET. A spokesperson from government… Read More
Read more in: Blockchain & Digital Assets, Global, Politics, Legal & Regulation | Tagged blockchain voting, distributed ledger technology, dlt, moscow, russia, security breach
Russia’s largest banking institution, Sberbank, has reportedly called on local suppliers to provide 4,917 ATMs that come with built-in graphic cards that can perform “blockchain operations.” According to industry experts, these graphic cards would most likely be used for mining decentralized cryptocurrencies like Bitcoin (BTC)…. Read More
Read more in: Blockchain & Digital Assets, Fintech, Global | Tagged crypto mining, moscow, russia, sberbank
The fourth quarter of 2019 saw Russia’s citizens perform more digital payments than transacting with cash (for the first time ever), state-owned Sberbank confirmed. Moscow-based Sberbank conducted the market research as part of its SberData initiative, revealing that Russian residents performed 50.4% of total transfers… Read More
Read more in: Fintech, Global | Tagged cashless, cashless transactions, digital payments, moscow, online payments, russia, sberbank
On Wednesday, Higher School of Economics in Moscow announced the second year of its fintech startup program HSE{Pro}Fintech. According to the business incubator, the official partner of the fintech section is Waves, a crowdfunding, community management, and national settlement depository. Higher School of Economics stated it the fintech startup… Read More
Read more in: Fintech | Tagged accelerator, fintech, higher school of economics, moscow, program, russia, waves
Ready to find an alternative to the four small mosques in Moscow, a group of Russian Muslims has launched a Boomstarter initiative to raise 850,000 for a mobile mosque. Explaining details about the project, the campaign’s organizer Alsou Hafiz shared that the two million Muslims in… Read More
Read more in: Offerings | Tagged boomstarter, moscow, mosque, muslim, russia
The Global Entrepreneurship Congress is an inter-disciplinary gathering of startup champions from around the world-where entrepreneurs, investors, researchers, thought leaders and policymakers work together to help bring ideas to life, drive economic growth and expand human welfare. The 2014 Congress takes place from March 17–20, 2014, in… Read More
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