Tagged: estonia

EstateGuru Works with Varengold Bank to Offer Property Backed Loans in Germany

EstateGuru, an Estonia-based peer to peer lender facilitating secured loans, has announced a partnership with Varengold Bank in Germany. According to a note from EstateGuru, the term sheet provides for a fronting agreement where Varengold will provide a regulatory umbrella for EstateGuru to provide an… Read More

Estonia based Fintech RAISON Acquires €125,000 in Capital to Further Develop its Investment App

Estonia-based Fintech firm RAISON has acquired €125,000 in capital in order to add new features to its investment app. Tallinn-headquartered RAISON is focused on creating a mobile application for investments in private firms. The Fintech company’s management confirmed that the recent investment was made by… Read More

Estonia: Investment Crowdfunding Platform Fundwise Partners with Ignium on Blockchain based Secondary Market

  Ignium, a digital security platform that facilitates issuance and custody, has partnered with Fundwise, an investment crowdfunding platform to power a blockchain-based secondary trading marketplace. According to a note from the firm, the partnership will see Fundwise tokenize issued securities via Ignium’s security token… Read More

EstateGuru Reports Over 1 Million Investments, Monthly Loan Volume Surpasses €10 million

EstateGuru, a crowdfunding marketplace for property-backed loans, is reporting that it has topped one million investments since platform launch in 2014. EstateGuru added that during August and September loan volumes surpassed €10 million each month. A strong and fast recovery from the COVID-crisis in Spring… Read More

Tokenization Platform Sports D³ Receives Crypto License from Financial Intelligence Unit of Estonia

Tokenization platform and digital assets exchange Sports D³ reports that it has been granted an operating crypto-license by the Financial Intelligence Unit (FIU) of Estonia. Sports D³ seeks to offer an alternative path for professional sports teams to raise capital via digital securities sold to… Read More

EstateGuru Expands into Finland

EstateGuru, a European marketplace for property-backed loans, has announced an expansion into Finland beginning in October. EstateGuru is based in Tallinn, Estonia, but currently operates in multiple European countries including Latvia Lithuania, Germany, UK, Spain, and Portugal. Established in 2013, EstateGuru has originated loans for… Read More

Estonia-Based Fintech Sparq Scores €440,000 Financial Backing From the Baltic International Bank

SPARQ, an Estonia-based fintech startup, has reportedly secured €440,000 in financial backing from the Baltic International Bank. Founded in 2019, Sparq states it combines together the banking sector, fintech market, and retail companies to bring a seamless experience for millennials and generation Z by providing… Read More

Estonian Cryptocurrency Payment Processing Solutions Provider Mercuryo.io Raises €2.5 Million Through Latest Seed Funding Round

Mercuryo.io, an Estonia-based cryptocurrency payment processing solutions provider, has reportedly secured €2.5 million through its Seed funding round, which was led by Target Global. Founded in 2018, Mercuryo.io describes itself as a crypto wallet and BTC acquiring services for businesses. The company’s mission is to… Read More

Estonia based Fintech EvoEstate, a Real Estate Crowdfunding Aggregator, Closes €320,000 Pre-Seed Round

Tallinn-based EvoEstate has reportedly secured €140,000 in additional capital through a pre-seed extension. The Fintech firm has now closed its €320,000 pre-seed investment round. EvoEstate aims to offer an innovative investment platform that’s supported by Lithuanian startup Wise Guys, which is a Hong Kong-based stealth… Read More

Estonia based Fintech Montonio Secures €500,000 in Capital to Further Develop Point of Sales Financing Platform

Estonia-based Fintech firm Montonio has secured €500,000 in capital through a new pre-seed funding round. Charlie Songhurst from Katana Capital and (previously) Google, and Triin Hertmann (former COO at TransferWise) and Martin Sokk (first head of product at TransferWise) took part in the round. Other… Read More

Lemonway to Provide Payment Services for EstateGuru

  Payment Fintech Lemonway has been enlisted by EstateGuru to facilitate its expansion across Europe. EstateGuru is a marketplace matching property-backed loans with individual investors. EstateGuru is working on “developing a digital and borderless ecosystem for real estate financing and investing in Europe and beyond.”… Read More

EstateGuru Reports 65% Increase in Revenues During First 6 Months of 2020 Driven by Strong First Quarter

EstateGuru is reporting strong results during the first 6 months of 2020. According to a release, the pan-European P2P marketplace for asset-backed loans saw significant year over year growth in revenue of 65% even during the COVID-19 lockdown. Marek Pärtel, co-founder and CEO at EstateGuru,… Read More

Planet42 Reports Raising $2.4 Million in Funding Round led by Change Ventures

Planet42, a company based in Estonia but operating in Africa, has reported raising $2.4 million in a seed round led by Change Ventures with support from private investors including Martin Villig (Bolt), Ragnar Sass (Pipedrive), Marko Virkebau (MeetFrank), Kristjan Vilosius (Katana MRP), and others. Planet42… Read More

Slam. Report States that Swedbank and SEB Enabled Fraud Networks Including Failed P2P Lender Envestio

A new report claims that established banks Swedbank and SEB enabled “suspected fraud networks” to operate in the Baltics and mentions bankrupt peer to peer lending platform Envestio by name. Envestio, and similar platform Kuetzal, recently filed for bankruptcy in Estonia. Earlier this year, both… Read More

EstateGuru Adds Former BNP Paribas Executive to Supervisory Board

EstateGuru, a peer to peer lending platform that offers secured loans to SMEs, has appointed Gabriella Kindert to its Supervisory Board as an independent member. The move is described as being in line with the Fintech’s expansion strategy as the company strives to become the… Read More

Billions of Dollars in Illicit Cash Allegedly Laundered via Danske Bank, with Help of Licensed Crypto Firms in Estonia

Estonia, one of the world’s most developed nations with an advanced, high-income economy that’s among the fastest-growing in the EU, is reportedly caught up in one of Europe’s largest-ever dirty-money scandals. Estonia has been quite active when it comes to encouraging the adoption of digital… Read More

Envestio and Kuetzal are Bankrupt, According to Public Documents

Peer to peer lenders, Envestio and Kuetzal, have both filed for bankruptcy according to publicly available information. Last January, Crowdfund Insider reported that Envestio and Keutzal were both under duress with some observers calling the online lenders scams. Soon both peer to peer lenders had… Read More

In Midst of Seedrs Funding Round, EstateGuru Announces 50,000 Investor Milestone

EstateGuru is reporting that since January 2020 the investment crowdfunding platform has signed-up 12,952 new investors from 111 different countries. These investors are sufficient for the company to surpass 50,000 investors. Estonia based EstateGuru states that many of the new investors are based in Germany…. Read More

tribeOS is First to use GSX Group’s GRID Platform to Create a Digital Security

The GSX Group recently announced the launch of “GRID” –  platform to create and launch digital securities. GSX is the company that operates the Gibraltar Stock Exchange, among other entities. Today, tribeOS is claiming to be the first company to utilize the platform. tribeOS is… Read More

Like ICOs, IEOs Were More About “Speculation and Trading” than Fundraising and Project Development: Blockchain Sector Report

New York-based SMC Capital, a VC firm focused on blockchain technology, and Estonia’s bigX, a Fintech firm that provides a crypto-fiat exchange, have co-published an extensive report on initial exchange offerings (IEOs). IEOs came after initial coin offerings (ICOs), which are a type of crowdfunding… Read More

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