Ukraine Digital News

Established in 2014, Ukraine Digital News (UADN.NET) is the first English language international information platform dedicated to the Ukrainian digital and IT industries. As a free resource, it provides news, market data, business analysis and updates pertaining to the Internet, e-commerce, IT services, software development, hardware and other innovation in the country as well as to related investment activity and the legal environment. UADN also conducts or participates in research activities that provide local and international audiences with in-depth analysis and quality data on these industries. UADN is published by Belgian company International Digital News.

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Ukrainian IT programmers and entrepreneurs donate to support the military

Updated Feb. 25 — Patreon suspended Come Back Alive’s crowdfunding campaign, citing its rules that “do not allow any campaigns involved in violence or purchasing of military equipment, regardless of their cause.” As Russia is exerting alarming political and military pressure on Ukraine, a variety of initiatives have emerged from the Ukrainian tech community to …

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After cyberattack on Ukraine, western allies point at Russia but have no detailed response plan

“The largest DDoS attack in Ukraine’s history,” according to the digital transformation minister Mykhailo Fyodorov, took place this past Tuesday, Feb. 15 — just one month after a previous attack.  The attack targeted the websites of the defense ministry and armed forces as well as two of Ukraine’s two largest banks – PrivatBank and Oschadbank. Starting at 3pm that day, …

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The Current Wave: New breed of Ukrainian tech entrepreneurs seek success in global markets, Part 5

Most Ukrainian startups do not generate any income, finds study

In late 2021 the Polish-Ukrainian Startup Bridge — teaming up with Warsaw Stock Exchange and the Ukrainian Startup Fund — conducted a study about Ukrainian startups. Some 158 entrepreneurs were interviewed, providing a non exhaustive but valuable picture of the local startup scene. The research resulted in a 35-page report, released recently and available for …

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Ukrainian-founded Africa classifieds leader Jiji acquires its main competitor in Ghana

Jiji, a Ukrainian-founded company touting itself as “a combination of eBay and Craigslist for Africa,” has acquired Tonaton.com, its main competitor in Ghana. The terms of the deal, which was announced a few days ago, were not disclosed.  “Jiji and Tonaton users will now have access to a larger network of buyers and sellers, which will significantly increase trading opportunity and …

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The Eastern European paradox: How a troubled region generated unicorns and decacorns in 2021, and what to expect this year

Crunchbase and East-West Digital News are teaming up to cover key tech and venture trends from Russia, Ukraine, and Belarus, with a column by EWDN Chief Editor Adrien Henni that highlights the most notable industry facts and trends across the region. “With Russia and Belarus digging themselves into domestic authoritarianism and international confrontation, a looming …

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Spanish Glovo to acquire Ukrainian grocery delivery leader Zakaz.ua

Zakaz.ua, Ukraine’s popular online service to order from grocery chains, is to become part of Spanish Glovo. The deal was agreed earlier this month with Zakaz.ua’s main investor, Chernovetskyi Investment Group (CIG), reports Ukrainian tech blog AIN.UA.  Zakaz.ua was founded in 2010 by Ukrainian entrepreneur Yegor Anchyshkin – whose first startup, Viewdle, was acquired by Google in 2012.  CIG …

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Ukrainian startup Finmap nabs $1.2 million to help SMBs manage their cashflow

Last week Ukrainian startup Finmap announced the completion of $1.2 million round of funding, involving local and foreign investors. Launched in 2018, this startup has developed a cash flow management service — “simple and convenient for modern businesses, with accessible functionality and a user-friendly interface.” The solution “synchronizes with user accounts via API, allowing business owners …

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Ukrainian entrepreneurs prepare to launch neobanks in 8 countries

Fintech Farm, a UK-based fintech startup launched last year by Ukrainians Dmytro Dubilet, Alexander Vytiaz and Nick Bezkrovnyy, has raised $7.4 million to launch neobanks in eight countries during the next two years. As reported by AIN.UA, Fintech Farm’s neobanks aim to attract large customer audiences with user-friendly mobile apps and accessible credit products. In Azerbaijan, where it launched in November 2021 …

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Qualcomm acquires Ukraine-born company to beef up its AR/VR development capacities

US tech giant Qualcomm has acquired Augmented Pixels, a Ukrainian-founded AR/VR software developer now headquartered in California. The news was reported by the Ukrainian media based on exchanges with Augmented Pixels representatives.  “The technologies and expertise [developed by] Augmented Pixels could help increase Qualcomm’s [capacities in the fields of] Extended Reality (XR), Mixed Reality, Virtual Reality, and Augmented …

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Ukrainian startups shine at CES 2022

This year again, several Ukrainian startups showcased their technologies at CES in Las Vegas, one of the world’s key tech expos with some 2,200 exhibitors. As reported by industry association UVCA, these Ukrainian companies included (non exhaustively): Nect, which claims its portable 4G modem combines high-speed Internet, superior security security, and “elegance;” Recoshelf, a Ukrainian-Estonian startup whose AI-powered technology helps …

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A year in review: Ukrainian tech in 2021

Last year saw the international triumph of a range of Ukrainian-founded tech companies. While Grammarly and GitLab became decacorns, other Ukrainian entrepreneurs raised dozens of million US dollars to boost their projects. The domestic scene was marked by good and bad news — from notable moves on the path to sustainable development, to persisting cyber …

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TA Ventures

Ukrainian tech investor TA Ventures turns to Web 3.0

TA Ventures, a major Ukrainian tech investor operating internationally, plans to increase the size of its fund from $50 million to $75 million. The additional capital will be used to invest Web 3.0, blockchain and metaverse projects, TA Ventures representatives told Ukrainian tech blog AIN.UA.  TA Ventures already started investing in this field, writes AIN.UA, citing as …

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