Ukrainian entrepreneurs to deploy 150 Bitcoin ATMs to bypass the banking system

Ukraine is soon to have 150 new ATMs for both buying and selling cryptocurrencies, with around 30 of the machines in place by the end of August, The Kiyv Post has learned from Mike Chobanyan, head of the Bitcoin agency in Ukraine.

The devices will allow both selling and buying hryvnias, the national currency, and a variety of cryptocurrencies including Bitcoins, Ethereum (or Ether), Waves, and Golos.

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Busfor secures $20 million “to reinvent bus travel” across Europe and beyond

Busfor, an online bus ticketing and distribution platform based in Kyiv (Kiev) and Moscow, has just raised $20 million from private equity funds Baring Vostok Capital Partners and Elbrus Capital.

Launched in Ukraine in 2010, the company — previously known as Gillbus — had previoulsy received financial support from Intel Capital, InVenture Partners and FinSight in 2014, and from Ukraine’s Chernovetskyi Investment Group (CIG) in 2015.

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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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How Ukrainian Big Data startup is overtaking US giants in Asia’s hot markets

DataProm, a startup which started two years ago in Dnipropetrovsk, Eastern Ukraine with just half a million USD in funding, is now providing its Big Data solution to e-commerce companies far beyond its native market.

In this exchange with Ukraine Digital News, DataProm’s founder Anton Vokrug shared his vision of the growing role of Big Data in e-commerce. He also spoke about how his company got its first clients in Asia, taking advantage of the absence of western competitors in the region.

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Ukrainian bank lets you “lend money to your baker”

On March 1 PrivatBank, a leading Ukrainian bank, launched an advanced P2P and P2B lending service, allowing individuals and businesses to borrow money from each other directly.

Christened ‘Profitable Investment Service,’ this offer aims, first of all, to “provide small businesses and individuals with an opportunity to borrow money quickly and at low interest rates,” PrivatBank First Vice Chairman Oleg Gorokhovskiy wrote on his Facebook page.

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Ukrainian-American startup raises $2.6 million to “make lives better for pet parents and their pets”

Earlier this month Ukrainian-American startup Petcube, which has developed an interactive device to keep people connected with their pets, announced that it raised $2.6 million in its second round of funding.

The round was led by Almaz Capital, an international venture fund with Russian origins, with the participation of AVentures Capital, a leading Ukrainian fund, and Y Combinator, where the startup is attending an acceleration program.

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AliExpress resumes deliveries to Crimea

AliExpress, the B2C subsidiary of Alibaba which last year became the number one online marketplace in Russia, has resumed delivery to Crimea. Just months ago, the Chinese platform had stopped serving the disputed peninsula. It was assumed that Alibaba was complying with western sanctions, which bar companies from working in this peninsula.

The news was announced earlier this month by Nikolay Nikiforov, Russia’s Minister of Telecom and Mass Communications, who referred to an exchange with Alibaba’s founder Jack Ma.

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Stock photo marketplace Depositphotos raises $5 million from EBRD and TMT Investments “to challenge market giants”

Depositphotos, an international stock photo platform with Ukrainian roots, announces a $5 million funding round led by the European Bank for Reconstruction and Development (EBRD) with the participation of TMT Investments.

With this capital injection, the company aims to “become a leader in emerging markets while continuing to challenge the market leaders in Western countries.” The funding will also be used to expand Depositphotos’ R&D center in Ukraine.

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Soros fund invests in software engineering company Ciklum to help Ukraine “break from the past”

The Ukrainian Redevelopment Fund, a private investment vehicle launched by US businessman and philanthropist George Soros earlier this year, has announced its acquisition of “a significant equity stake” in Ciklum, a major software engineering company operating globally from its main office in Kyiv (Kiev).

The Ukrainian Redevelopment Fund is set to acquire the entire stake held by Horizon Capital, a leading Ukrainian private equity fund manager, as well as an undisclosed portion of the stake held by Majgaard Holdings Ltd. No capital injection is taking place.

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Snapchat acquires Ukrainian technology Looksery in reported $150 million deal

Yesterday Snapchat announced the launch of “Lenses,” a new feature that enables users to create a variety face effects while making selfies. These augmented reality filters will allow you to change eye or skin color, alter your face to remove blemishes or look thinner.

Behind these new types of avatars is a technology developed by Looksery, a startup originated from Odessa, Ukraine, with offices in San Francisco.

The startup itself has been acquired by Snapchat with Looksery’s team joining the company. The details of the transaction have not been disclosed, but AIN.UA, an authoritative Ukrainian tech blog, heard it amounted to “around $150 million.”

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