Tagged: russia

August 21, 2022 @ 9:56 pm By Omar Faridi  |  

PeerBerry partners continue regular repayments of “war-affected” loans. The repayment of over EUR 1.4 million of war-affected loans was reportedly completed on August 17, 2022. EUR 1.2 million is “dedicated to repaying war-affected Ukrainian and Russian short-term loans,” the team at PeerBerry revealed. The also… Read More

July 19, 2022 @ 8:12 am By Omar Faridi  |  

The team at Mintos has shared their latest Insight report, which is their monthly publication that summarizes what’s been happening on their platform, including wider market updates, educational topics, and other pertinent information. During the last 6 months, the dynamics of the investment market “have… Read More

July 18, 2022 @ 8:32 am By Omar Faridi  |  

This month PeerBerry repaid more than EUR 1.4 million of “war-affected” loans. As confirmed in a blog post, PeerBerry business partners are “repaying EUR 1,2 million of war-affected Ukrainian and Russian short-term loans.” An additional amount of “up to EUR 200 000 of war-affected real… Read More

July 17, 2022 @ 10:07 pm By JD Alois  |  

Russia has enacted legislation that will effectively ban crypto payments according to multiple reports. The legislation was signed into law on July 14th and reportedly takes effect within ten days. At the beginning of 2022, the Bank of Russia issued statements relaying concerns regarding crypto:… Read More

July 7, 2022 @ 1:09 pm By Collette Allen  |  

The entire world is on edge with the events unfolding in Ukraine. As NATO responds and sanctions have been imposed on Russia, what does this mean for businesses? As part of an overall Anti-money laundering and fraud protection strategy, screenings performed for new clients prevent… Read More

July 4, 2022 @ 9:07 am By Omar Faridi  |  

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

June 23, 2022 @ 1:46 am By Omar Faridi  |  

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

June 6, 2022 @ 3:07 pm By Omar Faridi  |  

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

May 17, 2022 @ 7:58 am By Omar Faridi  |  

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

May 10, 2022 @ 12:40 am By Omar Faridi  |  

PeerBerry’s business partner – real estate developer SIB Group – successfully “closed the residential building project ‘Talino’” in Vilnius, the capital of Lithuania. The real estate loan of €1 million, plus an interest rate of €74,490 (total amount of EUR 1 074 490) was reportedly… Read More

May 9, 2022 @ 6:47 pm By Omar Faridi  |  

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

May 3, 2022 @ 10:12 am By Omar Faridi  |  

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

May 3, 2022 @ 2:27 am By Omar Faridi  |  

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

April 20, 2022 @ 4:39 pm By JD Alois  |  

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has moved once again to take action against Russian entities as part of the growing sanctions against the rogue nation and its unprovoked war against Ukraine. In the first action of its kind,… Read More

April 19, 2022 @ 8:30 am By Omar Faridi  |  

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

April 19, 2022 @ 3:01 am By Omar Faridi  |  

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

April 6, 2022 @ 11:57 am By JD Alois  |  

Yesterday, the U.S. Department of the Treasury sanctioned dark web marketplace Hydra Market, labeling it a pernicious site for malicious cybercrime services, dangerous drugs, ransomware, and other illicit activity. Hydra Market is said to be based in Russia. Also sanctioned, Garantex is a crypto exchange… Read More

April 4, 2022 @ 10:42 am By Omar Faridi  |  

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

April 4, 2022 @ 10:19 am By Omar Faridi  |  

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

April 3, 2022 @ 10:32 am By Omar Faridi  |  

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