Tagged: ukraine

AtomicLab Announced Winner of “Coding Challenge for Ukraine” Hackathon

On June 29, the European Commission and the Ukrainian Association of Fintech for Innovation Companies (UAFIC) and the European Association of Digital Finance (EDFA) supported a project to implement tech solutions that should help Ukrainians — pan-European hackathon “Coding Challenge for Ukraine.” The event’s partner… Read More

PeerBerry Business Partner Litelektra Repays €0.7M Loan to Investors, Paid €35,685 in Interest

On June 22, 2022, PeerBerry’s business partner, renewable energy company Litelektra, “repaid a EUR 0.7 million loan to investors and paid EUR 35,685 in interest.” Currently, PeerBerry investors can “invest in another Litelektra wind farm project available on the PeerBerry platform with a 10% ROI.”… Read More

Mastercard Introduces Start Path Initiative for Ukrainian Fintech Firms

Mastercard (NYSE: MA) announced a new Start Path initiative that has been designed for Ukrainian Fintech firms and entrepreneurs “to enable Ukrainian startups to accelerate growth and contribute to the rebuilding of the country’s economy.” The initiative – announced at Money 20/20 Europe in Amsterdam… Read More

Alternative Investment Platform PeerBerry Reports 16% Increase in Funded Loans Volumes during May 2022

After “very positive” growth in April, in May, the volumes of funded loans on PeerBerry further “grew by 16%.” EUR 38,48 million of loans have been funded on PeerBerry last month. PeerBerry is a marketplace platform where investors can participate in short term, high interest… Read More

Lithuania’s Debitum, a Borderless Financing Platform, Shares Updates About War-Affected Assets in Ukraine

Debitum reports that it is continuously monitoring the current situation with ChainFinance issued loans to the borrower in Ukraine. Recently, upon their request, Debitum have received “more detailed information about what is going on and what are the plans for the future regarding investments in… Read More

Bitcoin Might Benefit from Emergence of “Bretton Woods III,” Research Report Claims

Under the background of the Russian- Ukrainian War and sanctions in western countries, a global commodity crisis is “brewing” and the new global monetary system – Bretton Woods Ⅲ may be developing, said Zoltan Pozsar, an analyst at UBS. A recent report by Huobi Research… Read More

VikingCloud, a Cybersecurity and Compliance Provider, Calls on Payment Sector to Support Refugees

Moved by the “plight” of Ukrainian refugees and “inspired” by the efforts of colleagues in Poland, VikingCloud, (previously dba Sysnet), a provider of cybersecurity and compliance solutions, has “joined forces with UNHCR, the UN Refugee Agency.” VikingCloud has pledged “to match donations made via the… Read More

Digital Assets: Ukraine, Russia Lead Countries Globally with Higher Crypto Adoption Rates, Report Reveals

Ukraine and Russia lead the list of countries “with higher crypto adoption rates, with 12.73% and nearly 12%, respectively,” according to an update from DappRadar. DeFi transactions in Q1 hit the lowest levels since February 2021, “while the 116 million NFT transactions across all blockchains… Read More

Alternative Investment Platform PeerBerry Repays an Additional €0.7M on War-affected Loans

PeerBerry business partners are reportedly repaying an additional €0.7 million on war-affected Ukrainian and Russian short-term loans. After today’s repayment, the total amount of repaid war-affected loans in April “will be €3.64 million (significantly more than the planned amount of EUR 1,3 million at the… Read More

While Donations Have Slowed, Crypto Continues to Flow to Ukraine’s Request for Aid

Crypto donations from around the world have aided both the Ukraine government as well as certain private firms like digital news sites covering the ongoing war with Russia. Crypto transfers can be low-cost and moved quickly (depending on the digital asset) and charitable transfers to… Read More

Fintech Seon, which Specializes in Fraud Prevention, Acquires $94M in Funding

Seon, a startup that’s focused on assisting Fintechs like Revolut with addressing online fraud, has secured $94 million in capital, in order to implement various tools for preventing sanctions evasion by Russia. The London-headquartered firm secured the funding via an investment round that was led… Read More

PeerBerry Partner Lithome, a Real Estate Developer, Closes Project “Aurea Home” in Center of Vilnius

PeerBerry’s business partner – real estate developer Lithome – successfully “closed the real estate project ‘Aurea Home’ in the center of Vilnius, the capital of Lithuania.” The real estate loan of EUR 1 million, “plus an interest rate of EUR 91 647 (total amount of… Read More

The European Investment Bank Pledges €4 billion for Ukrainian Refugees

The European Investment Bank (EIB) has announced a €4 billion program for 2022 and 2023 to help cities and regions in EU Member States address the needs and meet the challenges of integrating war refugees from Ukraine. The unprovoked war by Russia has caused a… Read More

ABN AMRO, Other Dutch Banks to Allow Ukraine Refugees to Open Current Accounts

Beginning on Wednesday (April 6, 2022), it will be possible for refugees who arrive in the Netherlands from Ukraine to “open a current account” with ABN AMRO (AMS: ABN) or another bank. Dutch organizations that offer current accounts are prepared “to handle large numbers of… Read More

Alternative Investment Platform PeerBerry Passes Another “Business Resilience” Exam

The team at PeerBerry notes that we have already seen and have already been there (when remembering all the panic during the first wave of Covid in March 2020). But on the other hand, “nothing compares with the current events,” the team at PeerBerry wrote… Read More

Lithuania’s Debitum, a Borderless Financing Platform, Shares Updates About War-Affected Assets in Ukraine

The team at Lithuania’s Debitum, a borderless financing platform, has shared omportant news about “war-affected assets” in Ukraine On March 30, 2022, Debitum had received “an official response letter and data from the borrower in Ukraine.” This data consists of the company’s “update on its… Read More

Sanctions, Russian Retaliation Leads to Disrupted Market Conditions, Mintos Reports

European lender Mintos notes that previously, they had prepared an overview of the “broader” effects of the war in Ukraine, sanctions on Russia, and Russian “responding policies on the financial markets.” As noted in a blog post, Mintos is now sharing “an insight into how… Read More

Aventus Group Business Operations in Kazakhstan Grew Over 3 Times in 2021

Last year, Aventus Group companies operating in Kazakhstan “issued EUR 41.6 million in loans – 3.4 times more than in 2020.” At the end of 2021, Aventus Group’s total portfolio in Kazakhstan “amounted to EUR 14.2 million (the total portfolio grew 2.8 times compared with… Read More

European Lender Bondora has Now Returned €64M to Investors with €571M Invested

European lender Bondora recently celebrated its 14th year of launching operations. The team at Bondora has thanked all their customers who have chosen to work with them, supported them, and grown with them over all these years. The online lending platform’s management is also thankful… Read More

CoinShares Reports $47M in Digital Asset Outflows, with Negative Sentiment Focused on North America

James Butterfill, Investment Strategist at London-based CoinShares, a digital asset manager focused on expanding access to the cryptocurrency ecosystem while serving as a “trusted partner” for its clients, notes that for the week ending March 18, 2022, there were outflows that continued “with $47 million,… Read More

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