Tech

Kazakh fintech leader Kaspi.kz eyes October listing on LSE

Kanat Shaku in Almaty October 6, 2020

Sees opportunity in capitalising on valuation benchmark set by Russian technology firm Yandex’s plans to take over online bank Tinkoff for $5.5bn.

Russian e-commerce giant Ozon preparing for US IPO by end of 2020, beginning of 2021

bne IntelliNews October 2, 2020

Big three Russian e-commerce company Ozon Holdings says it will IPO either at the end of this year or the start of next, depending on market conditions, Sova Capital reports.

nChain acquires Slovenian software firm Equaleyes

bne IntelliNews October 1, 2020

Fintech nChain and mobile software company Equaleyes aim to "put the benefits of public blockchain in the hands of two billion people" said Equaleyes CEO Luka Topolovec.

Mail.ru Group plans to raise $600mn on London Stock Exchange

East-West Digital News in Moscow October 1, 2020

According to an announcement by Mail.ru Group on the London Stock Exchange, the internet company plans to raise $600mn: $200mn in global depositary receipts (GDRs) to raise capital and $400mn in convertible bonds

From Moscow to Berlin, digital music startups attract top investors

East-West Digital News in Moscow October 1, 2020

From Moscow to Berlin, digital music startups attract top investors As the global digital music market pursues solid growth, last week saw three deals involving companies from Russia or with a Russian founder

Russian and Emirati sovereign wealth funds invest $13mn in sensitive face recognition technology

East-West Digital News in Moscow October 1, 2020

The Russian Direct Investment Fund, Russia’s sovereign wealth fund, has teamed up with its Emirati peer Mubadala to invest “more than 1bn rubles” ($13mn) in Russian face recognition startup NtechLab

Russian e-commerce leader Wildberries launches in Ukraine.

Artur Kachur of East-West Digital News in Kyiv October 1, 2020

Wildberries, the number one retailer in Russia, launched sales in Ukraine. Customers can order goods with free delivery in the wildberries.ua online store as well as through the iOS mobile application. An Android app will be launched shortly

Yandex launches new AI-powered professional services DataSphere and SpeechKit Pro

East-West Digital News in Moscow October 1, 2020

Yandex presented new AI services DataSphere and SpeechKit Pro during the Yandex Scale conference , which runs from September 23 to 25

Poland’s top e-commerce firm Allegro sets maximum IPO price at PLN43

Wojciech Kosc in Warsaw September 30, 2020

Pricing puts the offering’s valuation at PLN8.1bn, one of the biggest-ever IPOs on the Warsaw bourse.

Latvian central bank says COVID-19 changed people's payment habits significantly

Linas Jegelevicius in Vilnius September 24, 2020

The share of non-cash payments in the total volume of payments is gradually increasing.

Swedish, Malaysian and French investors back Russian startups

EWDN in Moscow September 24, 2020

Russian startup NaPopravku (“for cure”), an online service for medical appointments, has raised $2.25mn for further domestic expansion and mobile developments, reported industry publication Rusbase

Fort Ross Venture Capital fund aims to invest $100mn in Russia and Eastern Europe tech

EWDN in Moscow September 24, 2020

Just weeks after The Untitled announced plans to launch a new venture fund for Russia and Eastern Europe, Fort Ross Ventures, another Russia-connected VC firm, shared news about a similar initiative

My.Games invests in Russian-founded studio Hypemasters

EWDN in Moscow September 24, 2020

My.Games Venture Capital (MGVC), an investment firm affiliated to Mail.ru Group, and Aii Corporation, a Finnish VC firm, have teamed up to invest in a US-headquartered mobile games studio called Hypemasters

Swedish, Malaysian and French investors back Russian startups

EWDN in Moscow September 24, 2020

Russian startup NaPopravku (“for cure”), an online service for medical appointments, has raised $2.25mn for further domestic expansion and mobile developments, reported industry publication Rusbase

Average order value on AliExpress Russia doubles in 2020

EWDN in Moscow September 24, 2020

During the first eight months of this year, the average ticket on AliExpress Russia almost doubled from the previous year to RUB1,500 ($20-$23)

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