Fintech

Yandex.Money distributes Nintendo Switch games in Russia and Turkey

April 25, 2017

Today Yandex.Money, a leading Russian e-payment system with some 30 million user accounts, announced a digital distribution agreement for Nintendo Switch in Russia. The e-payment service has made available on its website such games as The Legend of Zelda: Breath of the Wild, Mario Kart 8 Deluxe*, 1-2-Switch, Snipperclips: Cut it out – together. Before this distribution agreement …

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Polish fintech accelerator offers up to €45,000 to Russian startups (applications until April 17)

April 12, 2017

Russian startups are invited to participate in the fourth edition of a 16-week acceleration program Huge Thing in Warsaw, Poland. Kicking off on June 5, the program targets primarily fintech startups with global potential and an MVP. These include augmented reality, Internet-of-Things, blockchain, cyber security, payments, artificial intelligence and biometrics startups. The selected teams will …

Polish fintech accelerator offers up to €45,000 to Russian startups (applications until April 17) Read More

VK now supports payments to e-merchants and online communities

April 11, 2017

E-merchants selling their services and goods via Vkontakte (VK), the number one social network in Russia, can receive payments from VK users more easily, with the money being sent to administrators and editors of events, public pages and communities in messages. In addition to stimulating social commerce, these features are presented a first step towards transforming public …

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Japan proposes common digital currency with Russia for contested Kuril islands

April 27, 2017

Japan has suggested a common digital currency with Russia as the regional currency in place of the Russian ruble and the Japanese yen at the long-disputed southern Kuril islands. An economic proposal by Tokyo to Moscow to build bridges between the two countries includes a number of joint economic projects on the Russian-controlled Kuril islands …

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Sberbank inks R&D partnership on data analysis and artificial intelligence with top Moscow universities

April 1, 2017

Russia’s national savings bank Sberbank has announced the launch of a risk theory and data analysis laboratory in partnership with Moscow State University (MSU) earlier this week. Dubbed “CMC-Sberbank,” the new lab will function as an R&D center focusing on statistical methods for big data analysis and machine learning. The laboratory is intended to become a leading …

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Qiwi bets on “Russian Robinhood”

March 18, 2017

In late 2016 QIWI Venture invested an undisclosed amount in Simple Invest, a Moscow-based startup which is developing a mobile trading app. The deal has just been revealed by Russian venture blog Firrma.ru based on exchanges with QIWI Venture. The yet-to-be-released app, dubbed ‘Russian Robinhood,’ will allow Russian users to invest in real time in the Moscow and New York stock exchanges. …

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QIWI launches Blockchain spinoff

August 31, 2017

Qiwi, a NASDAQ-listed Russian payment company, has created a subsidiary to develop Blockchain products, the Russian business daily Kommersant reported earlier this week. The new company, dubbed ‘Qiwi Blockchain Technologies’ (QBT), will be headed by Alexey Arkhipov, who currently serves as director of crypto-technology development at Qiwi. This year, Qiwi may invest some 100 million rubles …

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Blockchain and bitcoin enthusiasts to discuss industry trends in Moscow (April 19)

March 6, 2017

On April 19, leading international blockchain professionals will meet Russian bankers and entrepreneurs to discuss local and foreign financial and non-financial blockchain projects as part of the annual Blockchain & Bitcoin Conference Russia. Held in Moscow, the conference will feature presentations by the representatives of IBM, Microsoft, Sberbank, Higher School of Economics and the State Duma, …

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From Moscow to Berlin, Tel Aviv and New York: How a $300-million Russian venture fund is going global

March 1, 2017

Illustrating the internationalization of Russian venture activity, Target Global now operates from three offices located in Berlin, Moscow and Tel Aviv. Initially known as Target Ventures, the fund was launched in 2013 to invest in a variety of segments in the digital consumer space. It has got $300 million under management from its backers, who are …

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Mastercard teams up with Russian banks to launch fintech accelerator; Société Générale announces Moscow hackathon

February 22, 2017

Fintech Lab, a Russian platform that aims to unite fintech players and startups, is launching its first acceleration program in Moscow. The project has been initiated by major Russian and foreign banks such as AK BARS Bank, VTB24, Bank Saint Petersburg and Home Credit Bank in partnership with Mastercard. Accenture, which helped to launch fintech accelerators …

Mastercard teams up with Russian banks to launch fintech accelerator; Société Générale announces Moscow hackathon Read More

High tech lender ID Finance secures $50 million to expand across Latin America

February 21, 2017

ID Finance, a Barcelona-headquartered company with Russian roots, has just secured $50 million in debt funding to fuel its expansion across Latin America. The funding includes $15 million from TKB, a Russian bank which is supported by the EBRD and the IFC, among other backers. After several years of operations in Russian-speaking countries, Spain and Poland, ID Finance launched its online …

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Russian startup Exscudo aims to make the cryptocurrency market accessible to all

February 21, 2017

A blockchain startup from Russia, called Exscudo, aims to become the gateway between the traditional financial system and the cryptocurrency market. The team’s main goal is to create a single gate to cryptocurrency market for simple users, professional traders, investors, and financial institutions. Exscudo plans to offer a wide range of products for all users – …

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