Tagged: poland

Polish Fraud Prevention Firm Nethone, which Uses Behavioral Biometrics to Combat Fraud, Secures $6.7M

Nethone, which has raised $6.7 million in capital, notes that its passive behavioral biometrics enables online or digital businesses to prevent more than 95% of account takeovers (ATO) – which are cyber threats or attacks that have been spreading across the globe at an alarming… Read More

Update: Poland-Based Transport Tech Nevomo Raises More Than €1.22 Million Through Seedrs Campaign

Nevomo, a Poland- based transportation tech, has raised over €1.22 million through its equity crowdfunding campaign on Seedrs. The funding round, which originally sought to raise €1 million, has already attracted 870 Seedrs investors.  As previously reported, Nevomo stated it has developed technology for a magrail system,… Read More

Overfunding: Poland-Based Transport Tech Nevomo Surpasses €1 Million Equity Crowdfunding Target Through Seedrs Campaign

  Nevomo, a Poland- based transportation tech, has successfully surpassed its initial €1 million funding target through its equity crowdfunding campaign on Seedrs. Founded in 2015, Nevomo stated it has developed technology for a magrail system, which it describes as a passive magnetic levitation train… Read More

London based Fintech Tide Reveals that UK Remains Popular Destination for EU Company Founders

The United Kingdom remains a popular destination for EU-based company founders, according to a blog post recently published by UK-based challenger bank Tide. Brexit might have “severed” the UK’s political ties to the continent, however, it does not appear to have negatively impacted the UK’s… Read More

PayU and Twisto Partner in Poland on Deferred Payments

Payments provider PayU has partnered with Twisto, a Czech Fintech offering deferred payments, in Poland to bring more payment options to the ‘PayU Pay Later’ platform. The “Buy Now Pay Later” (BNPL) service is available to current online retailers using the PayU platform. Since February… Read More

Austria based Digital Asset Exchange Bitpanda to Hire 300 New Workers and Establish Hub in Poland

Austria-based digital asset exchange Bitpanda has announced that it will be allocating €10 million in capital toward the development of a technology and innovation hub based in Poland, which will employ 300 additional staff members. Based in Krakow, the new hub is expected to effectively… Read More

Hong Kong Crypto Platform Crypto.com Releases Polish Version of Mobile App & Exchange

Just days after announcing the Turkish version of its mobile crypto app and exchange, Hong Kong-based Crypto.com announced the platform’s Polish version. With the Turkish and Polish version platform will now support French, Spanish, Korean, Italian, Portuguese, and Chinese. As previously reported, Crypto.com serves more… Read More

Investment Platform Fumbi Network Selects Ledger As its Digital Asset Custody and Security Solutions Provider

Investment platform Fumbi Network, which was founded by Juraj Forgacs in late 2018, has chosen French crypto-asset security firm Ledger as its custody and security solutions provider. As explained by Ledger, Fumbi Network is “a simple and secure service that enables those in the Slovak… Read More

Large Financial Institutions in Poland Continue to Lead Innovative Fintech Projects as They have Substantial Resources: Report

The Polish banking industry is an “open system” according to a new report. Two of the 10 largest banks in the country (mBank SA and Alior Bank SA) have entered the nation’s financial market quite recently. mBank SA was launched in 2000 and Alior Bank… Read More

Polish Fintech Symmetrical.ai, which helps Employees Maintain Financial Wellbeing, has been Issued Small Payment Institution License

Polish-British Fintech Symmetrical.ai, which helps employees maintain financial well-being, has been issued a small payment institution license. The company said that the new permit should allow it to make Symmetrical-backed salaries “even faster, more flexible, and empowering.” Currently, there are 69 different small payment institutions… Read More

Poland: Insurance Group ERGO Hestia Provides Instant Refunds Using Billon DLT

ERGO Hestia, said to be the second-largest insurance group in Poland, has partnered with blockchain firm Billon Group to pilot instant refunds using distributed ledger technology (DLT). According to a note from the company, a select group of ERGO Hestia’s customers has been receiving blockchain-based… Read More

Poland’s mPay Partners with iDenfy to use its Biometric Facial Recognition Software to Complete KYC Checks Needed for Mobile Payments

Poland’s mPay has teamed up with iDenfy to use its biometric facial recognition software, (selfie) liveness detection, and ID verification tech, in order to take care of its Know Your Customer (KYC) compliance checks for processing mobile payments. The mPay app allows users to conduct… Read More

Polish-British Fintech Symmetrical.ai, which Helps Employees Maintain Financial Wellbeing, Secures $6.3 Million in Seed Funding

Polish-British Fintech firm Symmetrical.ai, which provides “salary on-demand” services and other products to help people manage their finances, has secured €5.6 million (appr. $6.3 million) in seed funding, in order to bring “ethical” finance to employees. Maintaining financial wellbeing by effectively managing one’s finances remains… Read More

Billon Group Receives Grant to Develop COVID-19 Immunity Certificates Using Blockchain

Billon Group has received a £50,000 grant to create an immunity certificate platform using distributed ledger technology (DLT). The funding came via a Fast Start Competition by Innovate UK. The goal is to speed up and support workers’ return to a safe workplace. Billon group… Read More

Fintech Firms Must Properly Manage Cash Flow, as COVID-19 Is Making it Challenging to Assess Credit Risk, Monedo CEO Says

David Chan, CEO at Monedo (previously Kreditech), a point of sale (PoS) lender that claims to have more than one million customers who have reportedly received over 2 million loans (as of March 2020), says that the online lender has a global addressable market of… Read More

Canary in the Coal Mine? COVID-19 Crisis Having Severe Impact on Consumer Credit Markets as Online Lending Sinks

“We’ve seen a significant contraction in the market with a reduction of 30 to 40% in the demand for personal loans. It’s our view that the fall in demand is being driven by faltering consumer confidence due to job insecurity and economic uncertainty amongst other… Read More

Poland’s National Payments Processor, KIR, Partners Cryptomathic to Allow Residents to Sign Documents Remotely Following Coronavirus Outbreak

KIR, the national payments processor in Poland, has partnered with Cryptomathic in order to allow the country’s residents to sign documents electronically (and remotely), following the deadly Coronavirus (COVID-19) outbreak. The eIDAS-certified remote qualified e-signature service (QES) allows Poland’s citizens and firms based in the… Read More

Distributed Ledger Technology: Billon Group Raises $6 Million Series A

Billon Group has now raised over $16 million with a recent Series A funding round of $6 million. This newest capital investment was led by Billon CEO Wojtek Kostrzewa with participation from FIS, Rising Tide, Mencey Capital, VCF III, existing investors and more. Billon is… Read More

Nordic Payments Firm Nets to Acquire Polskie ePłatności (PeP), a Company that Offers Financial Services to SMEs

Nets, an established Nordic payments firm, has reportedly decided to acquire Polskie ePłatności (PeP) in a transaction that would value the Polish merchant acquirer at around €405 million (appr. $454.3 million). PeP’s business is focused on services that are typically required by small and medium-sized… Read More

Hyperloop: Hyper Poland Zooms to Funding Target on Seedrs

A hyperloop project based in Poland has quickly hit its funding target on Seedrs raising over £450,000 in ten days. Hyper Poland has already received a €3.8 million grant from the Polish National Center for Research and Development in 2019. Hyper Poland says it is… Read More

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