Ukraine money

Report: Ukraine’s venture market resumes growth; local startups targeted by global tech giants

Ukraine Digital News and AVentures Capital released today the 2016 edition of “The Deal Book of Ukraine” – an in-depth report on the emerging Ukrainian venture and startup industry. Made available in English, this 120-page study features more than 180 deals that were made public or identified in 2014 and 2015.

Among the most spectacular events of this period was Snapchat’s acquisition of Looksery, a Ukraine-originated startup which developed augmented reality filters for selfies. The deal amounted to some $150 million, according to industry sources.

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Lviv IT Arena

Lviv IT event to focus on international IT issues, invites Ukrainian startups (deadline: Sept. 1)

One the best IT events in the country, Lviv IT Arena 2016 will hold its third edition on September 30 – October 2 in the western Ukrainian city of Lviv (Lvov). The conference will bring together more than 2,500 tech lovers from Ukraine and Eastern Europe.

Unlike the previous editions, this year the majority of speakers will represent western markets and businesses. The conference will be held in English.

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Lapland

Ukrainian money lending startup gets into Italian fintech accelerator, launches in Europe

Ukrainian startup Taplend allows you to “get money transfers from your friends on your PayPal account with no interest or fee at all” or to “borrow it from financial institutions on your bank account or card through the iOS application in just few taps.”

According to the Ukrainian high tech blog AIN.UA, the startup will participate in a six-month acceleration program offered by the Italian accelerator SellaLab in cooperation with London-based fintech accelerator Level39. In addition, the startup will receive €75,000 in funding.

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Screen Shot 2016-06-27 at 13.04.51

Russian mobile photo app Prisma leads App Store ranking in Ukraine

An art filter app launched by a Russian programmer, Alexey Moiseenkov, is leading Apple’s App Store ranking in Ukraine – as well as in Russia, Estonia, Kazakhstan, Latvia, Moldova and Uzbekistan – ahead of Whatsapp, VK, Instagram, Youtube, Skype and other traditional leaders.

In a totally unexpected surge, the app has been number one in Ukraine everyday since June 18 (just a week after launch) according to AppAnnie data reviewed by Ukraine Digital News.

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Innovating Justice Challenge

Netherlands offers Ukrainian legal tech startups up to €160,000 in funding (application deadline: June 30)

The Hague Institute for Innovation of Law (HiiL) invites Ukrainian tech entrepreneurs working in family justice and SME empowerment to participate in its acceleration program with a chance to secure up to €160,000 in acceleration funding, with each winner raising some €20,000-35,000.

The program targets unique legal technology startups. To apply, a project has to be scalable and sustainable, as well as be able to have an impact on a large number of people. This year, the accelerator is strongly focusing on Ukrainian startups.

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Wishround

Social commerce startup Wishround takes part in joint program with online retailer ASOS and British accelerator Wayra

Wishround, a Ukrainian startup which has developed an advanced social commerce solution, became resident of the British acceleration program Wayra, managed by telecom-operator Telefonica.

The startup will receive £34,000 under the condition of convertible note, an office in London for eight months, mentoring, and access to investors, reports Ukrainian tech blog AIN.UA.

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Ukraine+USA

Private equity for national security: US government fund to invest up to $62 million in Ukraine’s modernization

Earlier this month the Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, announced support for eight new development projects totaling nearly $1.2 billion in OPIC financing.

Ukraine is among the countries concerned by these private sector-led development projects, along with Sub-Saharan Africa, the Middle East, and South America, in a variety of sectors.

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Denis Dovgopoliy

Denis Dovgopoliy: “Outsourcing is the base upon which a number of strong startups will emerge in Ukraine”

The history of startup infrastructure in Ukraine is one of highs and lows. The last few years have seen a few accelerators come and go, with others significantly reducing their operations. However, despite all the crises of the last decade, some of the major players have managed to stick around and show the way to more entrants to the market.

“Now we’re witnessing the second exodus of accelerators and incubators from the Ukrainian market,” said Denis Dovgopoliy, a figure of the local digital scene, in an exchange with Ukraine Digital News.

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Ukraine-Sweden

Swedish IT firms find “great range of opportunities” in Ukraine, but legislation and tax structure still “need to improve”

Whether it’s two Swedes who want to start a small information technology company, or a huge Swedish multinational company looking to open research and development center, Ukraine has proven to be a good fit for both types.

In fact, a total of six IT companies either originally from Sweden or with Swedish investments have been officially established in Ukraine in recent years, including brands like Sigma Software, Remit and Beetroot.

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Bitcoin & blockchain conference

Western and Ukrainian professionals to discuss blockchain fintech services in Kyiv (September 23)

In late September, the Ukrainian capital will play host to Blockchain & Bitcoin Conference Kiev 2016, a leading industry conference. The event will bring together both local and international Bitcoin enthusiasts and blockchain service developers.

A special focus will be given to the implementation of projects to solve real cases. Featured in the agenda will also be discussions about new fintech services, smart cards implementation, financial news and mining prospects.

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