Tagged: poland

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

June 5, 2019 @ 5:14 pm By Cali Haan  |  

Operators of Coinroom, a Polish cryptocurrency trading platform registered in 2016, have shut down the platform suddenly and disappeared with client funds, Polish business media site Money reports. At least 50 people on an online forum have claimed they lost between 300 and 60,000 “zlotys”… Read More

April 9, 2019 @ 9:23 am By JD Alois  |  

FundedByMe Poland is reporting that a security offering for Duality Games has raised €440,000 in just 37 minutes. The crowdfunding offer was backed by 66 investors who purchased a 12.76% stake in the firm. The smallest investment was €3,500 and the largest was €175,000. Duality… Read More

August 30, 2018 @ 2:37 pm By Cali Haan  |  

The Polish government has published proposed legislation seeking to define how cryptocurrencies will be taxed in the country, Kryptowaluty reports. The bill reportedly defines cryptocurrencies as, “a digital mapping of value,” and includes rules governing both the use of cryptos in retail purchases and their use as… Read More

August 2, 2018 @ 10:24 pm By JD Alois  |  

Neufund has inked another partnership agreement. This time the equity token offering platform has hooked up with Malta-based BitBay – said to be the third largest European cryptocurrency exchange in operation. Neufund continues to add secondary trading agreements and strategic partners to their growing blockchain… Read More

June 20, 2018 @ 2:16 pm By Samantha Hurst  |  

Nets, a Denmark-based payments platform, announced on tuesday it has expanded into Poland thanks to the acquisition of payments service providers Dotpay/eCard. According to Nets, Andrzej Budzik will continue as CEO of Dotpay/eCard and will report directly to Asger Hattel, Head of Merchant Services in Nets,… Read More

June 12, 2018 @ 8:00 am By Samantha Hurst  |  

Just a few months after opening its new Poland office, Swedish crowdfunding platform FundedByMe announced the upcoming launch of its first Polish campaign, which is for the mobile app for scooters, Blinkee.city. FundedByMe reported that the Blinkee.city app has been up and running in eight… Read More

June 8, 2018 @ 8:42 pm By Samantha Hurst  |  

Paysafe Group, a U.S.-based global payments provider, announced on Friday it has formed a partnership with search engine giant, Google, to allow its prepaid business paysafecard to be accepted as a payment method in the Google Play Store. According to Paysafe, from now on, customers without… Read More