Tag: FinTech

XTB introduces IKE and virtual wallet with multicurrency card

XTB has introduced two new products to its offering, as announced earlier this year. The first one is IKE, now available for Polish investors....

Ailleron Group with solid results in the first half of 2024.

In the first half of 2024, Ailleron Group achieved sales revenues of PLN 249.5 million, representing a nearly 10% increase compared to the same...

PragmaGO acquires majority stake in Romanian fintech Omnicredit

PragmaGO has purchased a majority stake in Telecredit IFN S.A. (Omnicredit), a Romanian fintech that develops digital financial products for the SME sector. This...

Decrease in the Number of Indebted Poles, but Average Debt Continues to Rise in 2024

Data from three different registers indicate that by the end of the first half of this year, there were between over 2 million to...

N!Bank Nest Assistant wins Best of Show award at FinovateFall 2024 for AI innovation

N!Assistant, a breakthrough AI-based assistant from Nest Bank, has won the prestigious Best of Show award at the international conference FinovateFall 2024. Best of Show...

PastPay raises 12 million euros in Series A. Largest round for B2B BNPL in Central and Eastern Europe

PastPay, a B2B payment solutions provider, has announced a series A funding round worth €12 million, led by Platina Capital in collaboration with several...

PFR Ventures signed the first agreements with funds under the FENG program

PFR Ventures has signed the first four agreements with venture capital fund management teams under the European Funds for the Modern Economy (FENG) program....

India – The Rising Star of the Global Economy

For a third term under the leadership of Prime Minister Narendra Modi, India continues to both enjoy high economic growth rates (+6.4% in 2024...

Appointment of new Supervisory Board and new CFO at VeloBank

With the completion of the transaction involving the acquisition of VeloBank by EBOR, IFC and Cerberus, a new Supervisory Board has been established, with...

Trigon DM Analysts Raise Target Price for Ailleron to PLN 26, Maintain “Buy” Recommendation

On July 19, analysts at Trigon DM raised the target price for Ailleron shares to PLN 26 from the previous PLN 25, while maintaining...

Ailleron Group’s Financial Performance in Q1 2024: A Stable Outlook Amid Currency Strength and Market Fluctuations

In Q1 2024, Ailleron Group recorded stable consolidated revenues of PLN 106.7 million, a 3% decrease year-over-year. This decline was significantly influenced by...

Software Mind Optimistic About 2024 Despite IT Industry Challenges

Software Mind, part of the Ailleron Group, is gearing up for further acquisitions and the expansion of its offerings in key strategic markets. The...

VeloBank Secures PLN 700 Million Recapitalization from Cerberus Capital Management Subsidiary

VeloBank has secured an investor, a subsidiary of the Cerberus Capital Management, L.P. fund based in New York, which will recapitalize the bank in...

OTB Ventures raises 750 million PLN for second deeptech fund. NATO among investors

Originating from Poland, OTB Fund 2 closed at PLN 750 million ($185 million) — significantly above the originally planned size, making it the...
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