Tagged: russia

June 12, 2017 @ 8:08 am By JD Alois  |  

ZrCoin, based in Russia, says it has raised $7.07 million in cryptocurrency from 3,955 investors during their Initial Coin Offering (ICO). The offer was live from May 11th to June 9th and was hosted on the Waves platform. The company says the funds collected will… Read More

June 9, 2017 @ 11:05 am By Erin Hobey  |  

Russian Politician and Billionaire Boris Titov has signed an agreement with Sasha Ivanov, CEO of Waves Platform, to create an Initial Coin Offering incubator. The new incubator has been entitled “People of Growth” and is described as a vehicle to assist entrepreneurs and growing companies… Read More

June 3, 2017 @ 9:10 am By JD Alois  |  

Not only was Megan Kelly grilling Vladimir Putin at the St. Petersburg International Economic Forum (SPIEF) this week but other hot topics surround Fintech were on the schedule. One of these topics was the “Explosive Impact of Blockchain Technology” which included the participation of Waves… Read More

May 26, 2017 @ 8:57 am By JD Alois  |  

Moscow based ZrCoin says it has raised $3.7 Million with the support of over 1,500 participants via an Initial Coin Offering (ICO) on the Waves Blockchain Platform. ZrCoin reports the money was raised during a two week crowdfunding campaign earlier this month The funding was… Read More

May 23, 2017 @ 8:08 pm By JD Alois  |  

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

May 20, 2017 @ 10:04 am By JD Alois  |  

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

May 11, 2017 @ 6:10 am By Erin Hobey  |  

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

March 30, 2017 @ 7:53 am By Erin Hobey  |  

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

March 14, 2017 @ 5:00 am By JD Alois  |  

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

January 26, 2017 @ 10:46 am By Samantha Hurst  |  

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

December 29, 2016 @ 8:18 am By Samantha Hurst  |  

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

December 15, 2016 @ 1:00 pm By Samantha Hurst  |  

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

December 1, 2016 @ 10:02 am By Erin Hobey  |  

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

November 14, 2016 @ 7:29 am By JD Alois  |  

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

November 10, 2016 @ 9:58 am By Erin Hobey  |  

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

November 10, 2016 @ 8:00 am By Jessica Pham  |  

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

October 5, 2016 @ 9:24 am By JD Alois  |  

Sberbank is Russia’s largest bank with over 135 million customers. Sberbank holds almost one-third of aggregate Russian banking sector assets, it is the key lender to the national economy and the biggest deposit taker in Russia. The Central Bank of the Russian Federation is the founder… Read More

October 4, 2016 @ 6:26 pm By JD Alois  |  

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

July 25, 2016 @ 11:52 am By Samantha Hurst  |  

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

July 11, 2016 @ 9:34 am By JD Alois  |  

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