Tagged: romania

Community Digital Bank and Alternative Investment Platform Fagura Raises €780,000 on Seedrs

Fagura, a Fintech that aims to become the “first community digital bank in CEE for anyone to borrow, invest and transfer money,” has raised over €786,000 on Seedrs. According to the offering page, 287 investors backed the firm, which easily topped its €400,000 initial funding… Read More

SeedBlink Gains ECSPR Approval to Provide Pan-European Investment

SeedBlink has been approved to provide investment crowdfunding across all EU member states. SeedBlink joins a handful of other platforms able to sell securities under ECSPR (European Crowdfunding Services Providers Regulation). SeedBlink noted that it is the first CEE country to be authorized under the… Read More

Agricultural Crowdfunding: Latvian Fintech LANDE Raises €550K, Plans Expansion into Romania

LANDE, a Latvian Fintech providing investment crowdfunding for farms, has raised €550,000 in pre-Seed funding, according to a statement by the firm. LANDE states that it will use the money to expand its services into Romania while planning entry into other European markets. The round… Read More

Early Investment Crowdfunding Firm Symbid Acquired by SeedBlink as Pan-European Rules are Set to Change Industry

Symbid, one of the earliest European investment crowdfunding platforms, has been acquired by a relatively new provider SeedBlink, according to a company statement. The terms of the deal were not disclosed. SeedBlink did share that they approached around 30 different firms before deciding on acquiring… Read More

Hyperhuman Is Raising a €0.7M Round from Sparking Capital, Early Game Ventures, SeedBlink Investors

Hyperhuman is reportedly raising a €0.7M round being led by Sparking Capital, along with contributions from Early Game Ventures and SeedBlink investors. The offering on SeedBlink is raising equity capital from retail investors at a pre-money valuation of €6.2 million. The offering is scheduled to… Read More

Securities Crowdfunding Platform SeedBlink Reports Raising € 37.8 Million for 56 Start-Ups

SeedBlink, a European securities crowdfunding platform based in Bucharest, says that since its launch in 2020 it has raised €37.8 million for 56 start-ups. A hybrid platform, the total raised is divided into retail investors providing approximately €15 million and lead investors €23 million. SeedBlink… Read More

Loan Marketplace INCOME Looks to Raise Growth Capital on SeedBlink

INCOME, self-described as “the safest marketplace for investing in loans” is crowdfunding on SeedBlink, a Romanian platform. INCOME is an Estonian investment platform that allows smaller investors to invest in loans. The company was founded in 2020 by Kimmo Rytkönen, Mikk Läänemets, and Meliina Räty,… Read More

SeedBlink Receives Investment from Catalyst Romania II, Seeks to Expand Across Europe

SeedBlink,  an investing platform specialized in sourcing, vetting, financing, and scaling European tech start-ups, has received a €1.2 million investment from Catalyst Romania Fund II as the lead in a Series A €3 million funding round, according to a note from the company. SeedBlink reports… Read More

Securities Crowdfunding Platform SeedBlink Seeks € 3 million in Series A Funding to Expand Across Europe

SeedBlink, an online capital formation platform that claims to be the “fastest-growing investment platform in technology startups in Europe,” is seeking €3 million in a Series A round to expand services across Europe. SeedBlink said that €500,000 will be offered through equity crowding on their… 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

Revolut Expands into Ten More European Markets with Digital Banking Services

Digital bank Revolut is expanding its banking services in 10 new European markets. According to a release, customers in the following countries may now utilize the Revolut banking app: Bulgaria, Croatia, Cyprus, Estonia, Greece, Latvia, Malta, Romania, Slovakia and Slovenia. Revolut, which currently claims over… Read More

Overfunding: Hybrid B2B Marketplace For Alternative SME Liquidity iFactor Quickly Surpasses €625,000 Funding Target Through Seedrs campaign

iFactor, a Romania-based hybrid B2B marketplace for alternative SME liquidity, has successfully secured its initial €625,000 funding target and is now nearing €715,000 through its equity crowdfunding campaign on Seedrs. Founded in 2016, iFactor describes itself as a fintech startup that is on a mission… Read More

DOJ: Cryptocurrency Exchange Owner Sentenced to Prison for Money Laundering

The US Department of Justice has announced that Rossen G. Iossifov, 53, formerly of Bulgaria, has been sentenced to 121 months in prison for money laundering via RG Coins, a cryptocurrency exchange headquartered in Sofia, Bulgaria. Under federal law, Iossifov must serve 85 percent of… Read More

Fintech Sector can Expect Apps with Better Customer Experience, Improved UI and UX for Online Payments, Wolfpack Digital Predicts

Wolfpack Digital from Transylvania notes that we’re halfway through 2020 and the economic impact of the COVID-19 outbreak has been felt and observed across different businesses and industries. The pandemic has also led to significant changes in consumer behavior, as more people are using digital… Read More

Romanian Fiscal Council President: Facebook’s Libra Cryptocurrency “Very Dangerous”

Daniel Daianu, president of Romania’s Fiscal Council, told members of the Romanian Academy Tuesday that Facebook’s Libra cryptocurrency could destroy the current global monetary balance and so disrupt the work of central banks that they become ineffective at managing money supplies, Agerpres reports. Facebook hopes… Read More

National Bank of Romania Announces Fintech Innovation Hub Project, Aimed at Providing Guidance to Financial Services Firms

The National Bank of Romania (BNR) has introduced the Fintech Innovation Hub project, which the institution describes as “a platform for dialogue with companies developing innovative public interest solutions in the area of payment and financial services (FinTech)”. The Fintech-focused project has been launched at… Read More

Nova Scotia Issues Investor Alert Against “aGifttoken” ICO Sale

The Securities Commission in the Canadian province of Nova Scotia has issued an alert warning local investors to be wary of a crypto project/ICO sale called aGiftoken, which is not licensed to sell securities in the region. aGifttoken is now selling a 10-20 million AGT tokens… Read More

Wirecard Partners With Romanian E-Retailer eMAG on Payment Solution

German payments platform Wirecard announced on Friday it was partnered with Romanian e-retailer eMAG for a new payment solution. While sharing more details about the solution, Utku Ogrendil, Managing Director at Wirecard in Romania, stated: “Online shopping is growing fast in Romania and this is… Read More

Tech Accelerator FintechOS Raises €1.1 Million Post Seed, Plans A Round Before End of Year

FintechOS, an early stage company that seeks to accelerate the digital transformation of financial institutions, has raised €1.1 million in a post-seed round. The funding was led by GapMinder VC, with the participation of LAUNCHub Ventures, Gecad Ventures, and other private investors. Total funding to… Read More

Romanian Central Banker: Cryptocurrencies Cannot Replace State Currencies, Europe Must Strengthen Capital Markets

Daniel Daianu, a member of the Romanian National Bank (BNR)’s Administration Council, told attendees at a conference this week that cryptocurrencies are in fact, “financial assets” that cannot be used as central bank currencies, Business Review reports: “In my opinion, these are financial assets, not… Read More

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