International

Russian e-commerce leader Wildberries launches in Germany

December 7, 2024

Wildberries, the number one Russian e-commerce company, announced yesterday its launch in Germany in the latest stage of its international expansion.  Through a localized interface, German online shoppers can access more than four million products — from fashion items, to electronic and household appliances, to books, to sports items, to cosmetics and more. The Russian company …

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Amid explosive user growth, Telegram considers raising more than $1 billion in debt

January 18, 2021

Telegram now serves more than 500 million active users, its Russian co-founder Pavel Durov announced Tuesday. Twenty-five million new users joined  the platform in the previous 72 hours alone. “We’ve had surges of downloads before, throughout our seven-year history of protecting user privacy, but this time is different,” Durov emphasized. The surge comes as rival platform WhatsApp changed its …

Amid explosive user growth, Telegram considers raising more than $1 billion in debt Read More

Open banking startup secures $1.6 million from Russian-Belarusian state-backed fund

January 12, 2021

An award-winning fintech startup from Moscow, APIBank, has attracted 120 million rubles in Russia (some $1.6 million at the current exchange rate) from the Russian-Belarusian Investment Fund (RBF Ventures). As reported by CNews.ru, this is the first external capital infusion — in the form of a convertible loan — in this startup launched in 2018. The money will be used “to develop products for payment aggregators and marketplaces, and …

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For Russians, Trump’s Twitter ban gets lost in translation

January 15, 2021

Twitter’s decision to permanently suspend Donald Trump’s account has met with a real furor on the part of Russia’s digitally-connected commentariat. For several days now, bloggers, journalists, politicians and just the concerned members of the Russian public have (for the most part) condemned the ban with the raging passion of those truly in the know.  …

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Russian hacker jailed in US for $19 million fraud

January 8, 2021

A Russian hacker was sentenced to 12 years in a US prison Thursday for consumer data theft worth $19 million from 100 million customers of over a dozen financial service companies, the Justice Department said. Andrei Tyurin, 37, pleaded guilty in 2019 after his extradition from the country of Georgia the previous year, admitting to computer intrusion, wire fraud, …

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Russian online freight service Deliver secures $7 million to pursue international expansion

January 6, 2021

In the last days of December Deliver announced it secured 500 million rubles (nearly $7 million at the current exchange rate) from VEB Ventures (formerly VEB Innovations), a venture fund backed by state development agency VEB.RF (Vnesheconombank). An internationally successful Russian online freight service, Deliver has set for itself the mission of “solving the inefficiencies of the logistics market by applying modern …

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Sber’s international accelerator launches third batch with support from 500 Startups

December 23, 2020

Sber, Russia’s state-controlled financial and tech giant, and its US partner 500 Startups announce the third batch of Sber500, their joint startup acceleration program. The closing date for entries is January 10, 2021.  This batch is touted as a “powerful response to the current challenges and conditions that startups faced in 2020.”  The program will …

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Russian dating major Mamba invests $3 million to develop in Germany, Italy

December 21, 2020

Russian online dating leader Mamba is investing some $3 million to develop its business in Germany and Italy, reported Kommersant, citing exchanges with company representatives. The company expects the average monthly revenue per user in these countries to be almost twice as high as in Russia, where it stands around 500 rubles ($6.7 at the …

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Facebook takes down rival networks from Russia and France for attempted interference in African countries

December 17, 2020

Facebook has removed three networks originating in Russia and France for violating its policy against foreign interference, the company reported on Tuesday, December 15. According to Facebook, these networks were responsible for carrying out “coordinated inauthentic behavior” targeting multiple countries in North Africa and the Middle East. While Facebook has removed Russian “troll factories” for …

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Russian Softline to acquire German Softline

December 23, 2020

This deal might look modest in amount, but it is a very rare case of a Russian acquisition in Germany in the field of IT. Softline, a Moscow-headquartered international solution and service provider, is taking control of the almost eponymous German IT company Softline AG.  The Russian group has agreed to acquire 63.38% of the German company, which is listed …

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IntellectoKids raises $3 million from US, Russian, Cypriot and Ukrainian funds

December 15, 2020

IntellectoKids, a Russian-founded edtech startup, has raised a $3 million Series A round, reports VC.RU. The funding was provided by Allrise Capital (Silicon Valley), Vershina Capital (Moscow) and Quonota Investments (Cyprus), as well as Genesis Investments, a major Ukrainian investor which led a previous round just a year ago.  Founded in 2016, IntellectoKids offers a media, entertainment and education platform …

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Bellingcat’s investigation into Navalny’s poisoning reveals extravagant developments in Russia’s data black market

December 15, 2020

While identifying FSB agents reportedly involved in Alexey Navalny’s Novichok poisoning, international investigation group Bellingcat revealed today how deep and worrying are the implications of Russia’s data black market. Bellingcat’s work on the Navalny case originated from a previous investigation into Russian chemical weapons projects. Call metadata were analyzed for the telephone numbers used by two executives of SC Signal, an entity “involved in the development of new variants …

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