finances - AIN

19.07.22

N1 fund to invest $500k in Ukraine’s TRANSENIX by the end of the year

N1 Investment fund has announced its decision to invest up to $500,000 in the tap-to-phone solution TRANSENIX by the end of 2022. According to N1, part of the amount has already been invested in the project earlier this year. The TRANSENIX

07.06.22

While fintech companies shun Russia, cheaters and pro-Russian banks rush to take their place, Visa and MasterCard do nothing

Since the beginning of the full-scale war in Ukraine, the Russian fintech industry and banks have been heavily sanctioned, so now, Russian and foreign payment services keep inventing ways for Russians to avoid those restrictions. This leads to further enabling Russia’s

25.05.22

Paysend promised to suspend transfers in Russia, but Russian media claim it is still operating there

In March 2022, Paysend, an international payment system founded by Russians and headquartered in the United Kingdom, announced its withdrawal from the Russian market. But it seems that the system is still available. According to the Russian business news outlet Kommersant, Paysend

23.12.21

Lithuanian lending marketplace for farmers HeavyFinance raises $1M

The Vilnius-based startup that creates a fintech marketplace connecting farmers to investors called HeavyFinance has raised $1 million. The seed round was led by Poland’s Black Pearls VC with participation from bValue, Startup Wise Guys, as well as business angels, Tech.eu

15.04.19

How an international payment system can enter into the payment market of Ukraine

First, to enter into the payment market of Ukraine an international payment system must be registered with the National Bank of Ukraine. To do this, one of the following entities can apply to the National Bank of Ukraine: payment organization