Earlier this month, two Polish investors — a group of venture capital funds SpeedUp and angel venture capital firm bValue — invested €400,000 in bNesis, a startup founded by a Ukrainian team. The news was reported by bNesis’ CEO Dmitriy Norenko on his Facebook page earlier this month. “The whole team will work hard to become the …
The Paypers, an international industry resource, has just released the 8th edition of its “Online Payments and Ecommerce Market Guide,” addressing the most important trends in the global market. In today’s e-commerce and payment market, both merchants and PSPs need more balance between security and convenience for consumers, as well as implementation of omnichannel payments and …
New report highlights latest global e-commerce and e-payment trends Read More
Last week YayPay, a San Francisco-based fintech startup with Ukrainian roots, announced the completion of a $5.3 million round of funding. The round was led by QED Investors along with co-investors Birchmere and Fifth Third Capital, the direct equity investment subsidiary of Fifth Third Bancorp, with support from 500 Fintech Fund, Aspect Ventures, Gaingels, Techstars, 408 Ventures …
US-Ukrainian startup raises $5.3 million to automate SMB back-office finance operations Read More
Mastercard has teamed up with 1991 Open Data Incubator, Ukraine’s first incubator for Open Data projects launched in early 2016, and National Bank of Ukraine (the central bank, or NBU) to launch a free incubation program for fintech startups. The program kicks off in October and will last till January 2018. Dubbed ‘Fintech Master,’ the …
Mastercard launches incubation program for fintech startups in Ukraine Read More
Fintech startup Turnkey Lender has raised an undisclosed amount from Palo Alto-based Vertex Ventures, reports TechinAsia. Turnkey Lender gives financial services providers a cloud-based solution for managing the loans that they give to their clients and customers. It uses machine learning technology to analyze and assess loan applicants. Launched in Ukraine by Elena Ionenko and co-founder Dmitry Voronenko back in …
Fintech startup born in Ukraine and raised in Singapore closes series A round Read More
In late April, a two-way bitcoin ATM was installed in Odessa, Southern Ukraine. It is the first ATM of its kind in the country, reports local online publication Cryptocurrency.tech. The device allows both selling and buying hryvnias and bitcoins. Users may withdraw amounts of at least 500 hryvnias or 0.1 bitcoin (around $20 at the …
As part of its global strategy to extend its reach and develop mobile ticketing services, Mastercard has just made available a new contactless payment service in the subway of Kyiv, the Ukrainian capital. The new technology, dubbed “MetroPass,” transforms bank cards into subway travel cards with pre-paid billing plans for a limited or unlimited number of …
Contactless payments gain momentum in Ukraine’s public transport Read More
Ukraine has partnered with global technology company the Bitfury Group to put a sweeping range of government data on a blockchain platform, the firm’s chief executive officer told Reuters, in a project he described as probably the largest of its kind anywhere. Ukraine’s deal with Bitfury will begin with a pilot project to introduce blockchain …
Ukraine to launch big blockhain deal with tech firm Bitfury Read More
Last week Corezoid, a cloud process engine that allows companies to create their own digital core, won the second prize and $5,000 at the Money20/20 hackathon in Las Vegas, for their application Share.CreditCard. Corezoid is a California-based company which is owned by PrivatBank, a major Ukrainian bank, according to the bank’s press service.
Ukrainian startup Taplend allows you to “get money transfers from your friends on your PayPal account with no interest or fee at all” or to “borrow it from financial institutions on your bank account or card through the iOS application in just few taps.” According to the Ukrainian high tech blog AIN.UA, the startup will …
Ukrainian money lending startup gets into Italian fintech accelerator, launches in Europe Read More
In late September, the Ukrainian capital will play host to Blockchain & Bitcoin Conference Kiev 2016, a leading industry conference. The event will bring together both local and international Bitcoin enthusiasts and blockchain service developers. A special focus will be given to the implementation of projects to solve real cases. Featured in the agenda will also be discussions …
On March 1 PrivatBank, a leading Ukrainian bank, launched an advanced P2P and P2B lending service, allowing individuals and businesses to borrow money from each other directly. Christened ‘Profitable Investment Service,’ this offer aims, first of all, to “provide small businesses and individuals with an opportunity to borrow money quickly and at low interest rates,” PrivatBank …
Ukrainian bank lets you “lend money to your baker” Read More
