P2P: Twino Ventures will Offer High Yield Secured Loans
Twino, a European peer to peer lender, has announced the launch of “Twino ventures” an offering that is said to provide high yield, secured loans. In a release, Twino said the loans will allow...
View ArticleAustria Fintech Paysafecash Launches Services in Latvia
PaySafeCard, an Austria-based fintech that is part of the Paysafe Group, announced on Wednesday it has launched its services in Latvia. This launch comes just a couple of months after Paysafecash made...
View ArticleLatvian Peer to Peer Lender Grupeer Ceases Operations
Grupeer is the latest European peer to peer lender to shut down operations. Grupeer operates out of Latvia but also claims an office in Ireland. In a message posted on the site this week, Grupeer...
View ArticleNordic-Baltic Banking Group, Swedbank, to Sponsor Global Hackathon to Find...
Swedbank AB, a Nordic-Baltic banking group headquartered in Stockholm, Sweden, is reportedly sponsoring a global hackathon, which will try to find solutions to deal with the deadly Coronavirus...
View ArticleGrupeer: After Halting P2P Lending Operations, Management Complains that...
Last week, Crowdfund Insider reported on Latvia-based peer to peer lender Grupeer’s decision to halt all lending due to the impact of the COVID-19 pandemic. CI quoted the company’s decision:...
View ArticleDigital Banking: Online Lender Mintos Pursues European Investment and e-Money...
Mintos, a global loan marketplace claiming over a quarter of a million investors, is pursuing both a investment firm license and an e-money institution license, according to a release from the company....
View ArticleOnline Lender TWINO Applies for Investment Brokerage License
Peer to peer lending platform TWINO is the latest online lender planning to expand its portfolio of services offered to its customers. According to a release, TWINO has applied for an investment...
View ArticleChallenger Bank Zelf to Launch its own Digital Banking Software that will...
Challenger Bank Zelf is reportedly planning to introduce its digital banking offering which will operate exclusively through widely-used messaging apps. The Latvian Fintech firm claims that it has...
View ArticleP2P Lending Platform Grupeer Says it May Take Up to 2 Years to Stabilize...
Earlier this month, Latvia-based peer to peer lender Grupeer announced it was pausing operations due to the COVID-19 pandemic. In a blog post, Grupeer founder Alla Kiska stated said that the...
View ArticlePeer to Peer Lending Report: Majority of Investors Remain Optimistic During...
Mintos, a top marketplace for debt investors in Europe, has recently conducted research amongst their audience seeking to gain insight into the impact of the COVID-19 pandemic. According to Mintos,...
View ArticleP2P Lender Twino Launches Social Fundraising Initiative in Response to COVID-19
Peer to peer lender Twino has announced a new social investment instrument engendered by the COVID-19 pandemic. The Riga based Fintech said the first social project will be in collaboration with...
View ArticleLed by Twino, Latvia Adopts Crowdfunding Guidelines
The Alternative Financial Services Association of Latvia has published Latvia’s Crowdfunding Industry Guidelines. The association seeks to provide industry rules to foster a transparent and sustainable...
View ArticleWhat’s Going on with Peer to Peer Lender Grupeer?
A couple of months ago Grupeer, a peer to peer lender ostensibly based in Latvia, shut-down all lending and allegedly halted all investor redemptions. In multiple statements, Grupeer management...
View ArticleSlam. Report States that Swedbank and SEB Enabled Fraud Networks Including...
A new report claims that established banks Swedbank and SEB enabled “suspected fraud networks” to operate in the Baltics and mentions bankrupt peer to peer lending platform Envestio by name. Envestio,...
View ArticleOne in Five Latvian Startups are Fintech Firms, Nearly 90% of Startups to...
One in five or 20% of startups in Latvia are part of the nation’s Fintech sector, according to a report released on July 24, 2020. Swedbank Latvia, a large retail bank, teamed up with the Latvian...
View ArticleEuropean P2P Consumer Lender, Mintos, Financed Record €2.8 Billion in Loans...
Mintos, a global loan marketplace, has reported had a record year for new investors and platform lending. Mintos has operations across Europe as well as Africa, Asia and the Americas. The peer to peer...
View ArticleEuropean P2P Lender Mintos has Updated its Auto-Invest Product to Give More...
Mintos, a European peer to peer (P2P) consumer lender, has reportedly made changes to its auto-invest product, in order to give investors more choices when it comes to the level of risk they’d like to...
View ArticleLatvia’s P2P Lender Grupeer Provides Update Regarding Current Repayment...
Latvia-based peer to peer (P2P) lender Grupeer has provided an update regarding the current status with the repayments and debt collection processes on its platform. The Grupeer team noted that, as its...
View ArticleAuthorities Order Latvian P2P Lender Grupeer to Stop Issuing Statements About...
Latvia-based peer to peer (P2P) lender Grupeer noted on August 31, 2020, that it had provided an update regarding the current status with the repayments and debt collection processes on its platform....
View ArticleLatvian P2P Lender Grupeer Confirms that Recollecta has Taken Over its Debt...
Latvia-based peer to peer (P2P) lender Grupeer noted on October 7, 2020 that Recollecta has taken over its debt collection and management of the repayment process. This should help speed up repayments...
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