Tagged: russia

Waves Launches Euro Gateway

Waves Platform, a decentralized platform for launching crowdfunding campaigns and issuing digital assets, says it has launched its flagship Euro gateway. The Waves Platform completed its Initial Coin Offering (ICO) in June 2016, garnering more than $16 million (30,000 BTC) and becoming one of the… Read More

Starta Accelerator Will Hold ICO Crowdsale to Fund Early Stage Companies

Starta Accelerator, an early-stage investor and business incubator, announced it is holding a “crowdsale” to secure funding to help start-up tech companies expand into the US. Starta Accelerator is based in New York City and is an offshoot of Starta VC based in Moscow. The… Read More

Blockchain for the People: Russian Crowdfunder Waves Now Available on Microsoft Azure Blockchain

Waves Platform, a decentralized crowdfunding platform developed in Russia, is now available in the Microsoft Azure Blockchain as a Service cloud (BaaS). With Waves integrated in BaaS, developers are getting vast opportunities for offering a wide range of blockchain solutions. “We welcome the integration of… Read More

Kreditech Russia Receives MFC Status from Central Bank of Russia

Kreditech Group subsidiary, LLC MFC  Kreditech Russia, received the status of a Microfinance Company (MFC) from the Central Bank of Russia. A new federal law in Russia aims to make the microfinance market transparent and understandable and requires MFC status for all alternative lending companies operating in… Read More

Online Lender Blackmoon Partners with ID Finance to Offer Loans to Investors

ID Finance has integrated with Blackmoon and is now executing investment transactions via the Russian online lending platform. ID Finance is a data science, credit scoring and “nonbank digital lending as an application” provider. ID Finance has is currently operating in Russia, Kazakhstan, Georgia, Poland, Spain and Brazil…. Read More

Indiegogo Success CINEMOOD Receives $2.5 Million in Series A Equity From IIDF Fund of Moscow

Russian developer CINEMOOD announced on Thursday the IIDF fund of Moscow invested USD $2.5 million Series A equity. The company created portable mini-cinema projector devices with a content platform for kids and released its second model, which is is a complete platform of hardware and entertainment and… Read More

Waves Platform Teams Up With Higher School of Economics for Pro FinTech Startup Program

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

Digital Money Transfer Service WorldRemit Announces Russian Expansion

Digital money transfer service WorldRemit announced on Tuesday it expanded its services into Russia by partnering with Russian payment system CONTACT. The company stated its customers may now send money to be collected as cash at any CONTACT office across Russia in euros or dollars. According to… Read More

Latvian TWINO Offering European Investors New Opportunity in Russian Consumer Loan Market

TWINO Group, a European consumer lender which has been operating since 2009 with its P2P lending platform launching in 2015, provides unsecured consumer loans for private individuals in ten countries, including Poland, Russia and Georgia, with an intention to move into Mexico. TWINO’s P2P lending platform offers… Read More

FinstarLabs Selects Mark Ruddock as CEO to Develop International Fintech Hub

Mark Ruddock has been appointed CEO of FinstarLabs. This appointment was described as a “major statement” and reflecting the commitment of Oleg Boyko, Founder and Chairman of Finstar Financial Group, to the continued growth of Finstar’s fintech and financial services investment program. FinstarLabs was created… Read More

In Media Res: Central Bank of Russia Developing Crowdfunding Regulation

Currently Russia’s emerging crowdfunding sector accounts for less than 500 million rubles (USD 7,748,755) in total liabilities, and shows disproportion of different segments and high volatility. The Central Bank of Russia (CBR) has initiated a working group of market experts from more than ten local crowdfunding platforms for the development… Read More

Russian Marketplace Lending Startup Blackmoon Financial Secures $2.5 Million in Equity Funding

Blackmoon Financial Group, an online lending platform that connects balance sheet lenders with institutional investors looking to purchase new loans, announced today its latest round of funding; $2.5 million in equity capital from Target Global, A&NN Group, Flint Capital, and several private investors. Blackmoon intends to use the new round… Read More

Oleg Seydak on Blackmoon & Marketplace Lending as a Service

Blackmoon Financial Group is a newer entry into the marketplace lending sector.  Launched in 2014, Blackmoon is marketed as “marketplace lending as a service” or MLaaS. Focusing on balance sheet lenders, Blackmoon has developed technologies to provide integration with  loan originators with institutional investors. The platform… Read More

Athletes From All Over Support Russian Team Whistleblowers’ Crowdfunding Campaign (Video)

Following the announcement that the Russian Olympic Team might be facing disqualification from participating in the 2016 Rio Olympics for doping, athletes from all over the world showed their support for the whistleblowers involved in the now infamous scandal through a crowdfunding campaign. The initiative’s description… Read More

Finstar Adds to Executive Bench as it Boosts Fintech Investment

Last spring, Finstar Financial Group announced the appointment of Paul Muhr, previously a Vice President at Citi and before that at Goldman Sachs. Today, Finstar is announcing three new hires as it prepares for additional investment in the Fintech sector. Finstar has hired Eugene Timko as… Read More

Sberbank, Largest Bank in Russia, Invests in Uber

Bank’s are not known for taking on risk – they are known for avoiding it as much as possible. This is not the case with Sberbank, the largest bank in Russia, and their venture fund as they see opportunity in the digital future. Sberbank’s SBT… Read More

Oleg Boyko’s Finstar Looks to Build Big Fintech Portfolio

Finstar Financial Group wants to build its Fintech portfolio and has hired Paul Muhr, an experienced investment banker to boost M&A and capital markets projects. Until recently Muhr was a Vice President at Citi and before that at Goldman Sachs. Muhr’s hiring is said to… Read More

Oleg Boyko’s Finstar Financial Acquires 51% of P2P Lender Prestamos Prima

Moscow-based Finstar Financial Group has acquired a controlling stake (51%) in Prestamos Prima. According to the company, Prestamos Prima has been operating in the non-bank lending and alternative finance market, specifically Spain, since 2012. Prestamos Prima operates Viventor, a peer to peer investing platform open… Read More

Latvian Marketplace Lender TWINO Enters Polish, Danish & Georgian Markets

Latvian-based marketplace lender, Twino, which opened in May of this year and had just reached one million euros of investment, announced this month that it is launching an expansion throughout Europe into markets that are new for the P2P industry. Now, Twino investors will have… Read More