Tagged: poland

December 17, 2020 @ 8:03 am By Omar Faridi  |  

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

November 16, 2020 @ 4:07 pm By Samantha Hurst  |  

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

November 7, 2020 @ 7:57 am By Omar Faridi  |  

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

October 23, 2020 @ 8:21 am By Omar Faridi  |  

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

October 13, 2020 @ 7:49 am By Omar Faridi  |  

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

October 8, 2020 @ 12:25 am By JD Alois  |  

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

August 7, 2020 @ 12:47 am By Omar Faridi  |  

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

June 30, 2020 @ 7:14 am By Omar Faridi  |  

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

June 27, 2020 @ 6:03 pm By JD Alois  |  

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

June 12, 2020 @ 6:25 pm By Omar Faridi  |  

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

April 7, 2020 @ 3:57 pm By JD Alois  |  

“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

March 31, 2020 @ 8:08 am By Omar Faridi  |  

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

March 26, 2020 @ 12:47 pm By JD Alois  |  

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

March 13, 2020 @ 12:16 pm By Omar Faridi  |  

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

March 9, 2020 @ 8:30 am By JD Alois  |  

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

January 23, 2020 @ 9:43 pm By Omar Faridi  |  

Poland-based Fintech firm Autenti has secured $4.48 million in funding from three banks including Alior Bank, BNP Paribas and PKO Bank Polski. Autenti offers a platform for digital agreement signing and provides a workflow for electronic documents. The firm’s management says that the capital will… Read More

December 4, 2019 @ 12:00 am By JD Alois  |  

The most important event on the future financial services in CEE is back! Impact Fintech’19 is the place to be, if you want to learn about how the FinTech industry is influenced not only financial services but also the entire economy stronger, more innovative and… Read More

November 27, 2019 @ 7:12 am By Cali Haan  |  

Polish crypto exchange BitBay has announced it has, “end(ed) market trading support for Monero (XMR),” a privacy-enhanced cryptocurrency, because the coin can be used for money laundering: “Monero (XMR) can selectively utilize anonymity features among projects…The decision was made to block the possibility of money… Read More

October 10, 2019 @ 8:28 am By JD Alois  |  

FundedByMe Poland is reporting a securities offering that closed almost immediately. Iron Wolf Studio raised over €350,000 from more than 60 investors “within minutes” of the offering going live. Iron Wolf Studio is a gaming company comprised of veteran devs and designers from Iron Wolf… Read More

July 29, 2019 @ 11:43 pm By Cali Haan  |  

Tobiasza Niemira, co-owner of the recently-failed Bitmarket crypto exchange, has been found dead in a forest near his home town of Olsztyn in Poland, local media outlet Gazeta Wyborcza reports. The apparent cause of death is a gunshot wound to the head. Bitmarket went offline July… Read More