Life.SREDA, a Moscow-based venture capital firm focusing on mobile and online fintech startups, is to invest $1.5 million in Settle, a mobile payment service developed by Kyiv (Kiev) -based startup Advice Wallet.
Combining mobile payments and a loyalty scheme in one app, Settle makes it possible to both order and then pay your bill at a restaurant or café through a smartphone. Users register via a social network and link their bank card to the app. The app displays the menu and allows clients to divide up a bill between friends, carry out P2P transactions and receive offers from establishments.
In a meeting met with representatives of public organizations last week, Ukrainian President Petro Poroshenko said he was astounded that Ukraine was one of the last countries in the world where 4G technology has not been implemented and 3G is weakly deployed.
The introduction of modern 3G and 4G communications technologies will quickly have a positive influence on the economy, he believes.
Earlier this year, Apple identified the app as the “App of the Week” and named it an “Editor’s Choice” in 70 countries, which propelled it to the top of the app-charts in many countries.
According to Yandex.Metrika, the share of unique visitors in Ukraine who access websites from smartphones or tablets grew by 11 points to 29% between August 2013 and April 2014.
However, so far mobile Internet users are less active than those who use computers for Internet access, so the share of tablets and smartphones accounts for just 13% of visits (interactive sessions with a website).
Coppertino, a Los Angeles-based startup with Ukrainian origins, announced today that it has raised half a million dollars at an undisclosed valuation from leading Ukrainian investment firms AVentures and TA Venture as well as from Torben Majgaard, the Danish founder of Ukrainian IT-outsourcing company Ciklum.
Founded in 2011 by Petro Bondarevskyi and Ivan Ablamskyi, Coppertino has maintained its R&D center in Ukraine. Its main product, VOX, is a minimalist and free music player for Mac capable of handling any audio format.