Tagged: ukraine

January 23, 2023 @ 12:32 pm By Omar Faridi  |  

Eleving Group has shared its operational and financial updates. Eleving Group continues “to reduce its portfolio exposure in Belarus.” The portfolio “has substantially decreased during last year and continues to further amortize.” The impact of the portfolio reduction “has been minimal on the Group’s financials…. Read More

January 16, 2023 @ 9:27 am By Omar Faridi  |  

The money transfer system Tempo France has a “positive outlook” for the dynamics of the remittances corridor between the EU and Ukraine in 2023. The company stated that the segment “would see a 5 percent shrink in annual terms in Q1 2023.” But the remittances… Read More

January 16, 2023 @ 9:25 am By Omar Faridi  |  

  2022 was a year of challenges, but also “huge wins” for Mintos and their investors, the company claims. During 2022, Mintos launched a new financial instrument, Notes, “benefiting our investors with investor protection mechanisms.” They also celebrated “reaching a milestone of 500 000 registered… Read More

January 12, 2023 @ 9:49 am By Omar Faridi  |  

The year 2022 was by far the most “eventful” year for the crypto market, according to Jack Tan, the Co-founder of WOO Network. According to Jack Tan of the WOO Network, the industry that has been struggling for years to get mass adoption “took back-to-back… Read More

December 16, 2022 @ 8:07 pm By Omar Faridi  |  

MoneyGram (NASDAQ: MGI) is pleased to support our partners at the Stellar Development Foundation (SDF) on the launch of Stellar Aid Assist, which is described as “a first-of-its-kind blockchain-powered aid disbursement system that delivers relief funds quickly, affordably and efficiently to individuals in crisis.” As… Read More

November 22, 2022 @ 8:04 am By Omar Faridi  |  

Alternative investment platform PeerBerry business partners are repaying EUR 1.8 million of war-affected loans. In 9 months of the war, under the Group guarantee mechanism, PeerBerry business partners have already repaid “over EUR 27.02 million, or 54% of the total war-affected obligations towards PeerBerry investors.”… Read More

November 13, 2022 @ 4:04 pm By Omar Faridi  |  

European financing platform Debitum notes that its partner company Triple Dragon – an “innovative,” “fast-growing,” specialist lender in the gaming and mobile app industries – in December 2022 will mark their 6th year anniversary. During these years Triple Dragon have reportedly “managed not only to… Read More

October 19, 2022 @ 8:50 pm By Omar Faridi  |  

The Binance NFT Marketplace is pleased to be the official sales platform of an exclusive NFT collection created by the Kharkiv Art Museum in Ukraine. This cultural institution is “home to around 25,000 works of fine art, and the museum’s collection is recognized as one… Read More

October 6, 2022 @ 10:18 am By JD Alois  |  

This past July, payments Fintech Payoneer (NASDAQ: PAYO) reports that it surveyed 4,200 Ukrainian SMEs who are clients of the company that also work with customers outside of Ukraine. According to Payoneer, businesses in Ukraine remain resilient, persevering even as the unprovoked war with Russia… Read More

September 19, 2022 @ 8:32 am By Omar Faridi  |  

PeerBerry business partners are repaying more than €1.6 million of war-affected loans. As noted in the update from PeerBerry, AutoMoney UA and Slon Credit UA long-term loans are being “repaid under the initial loan schedule.” The last payments of these loans “are being repaid with… Read More

August 28, 2022 @ 7:01 pm By Omar Faridi  |  

In the recent update about Loan Originator’s Chain Finance borrower and its war-affected assets in Ukraine, Debitum has commented on the status of repayments for June, plans regarding investments, and shared other details about business operations. Debitum has now shared the latest information and data… Read More

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

August 14, 2022 @ 12:38 pm By JD Alois  |  

Re:start Financial, a neobank that focuses on social impact, has partnered with a Ukrainian non-profit to provide donations “with every swipe” of their card. As the world knows. Russia invaded Ukraine in an unprovoked attack earlier this year which has devastated the country. Support from… 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 11, 2022 @ 11:28 am By Omar Faridi  |  

Mastercard (NYSE: MA) has introduced WhereToStay.com – an online platform which, basing on data on average housing costs and average wages from Central Statistical Office (Główny Urząd Statystyczny), aggregated with spending trends of everyday purchases, from Mastercard, “determine the approximate cost of living in various… 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 14, 2022 @ 8:09 am By Omar Faridi  |  

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