Startup Central Eurasia News Digest

17 February, 2022

We collected the main news of Central Eurasia, affecting the region’s startup ecosystem.

 1. «Workee» has raised $600,000 funding to help freelancers manage their online business

February, 10. 2022. To cash in on the rising trend, Ukraine-based back-office SaaS provider for freelance professionals, Workee has raised $600,000 funding. The round was led by Lighthouse Ventures. Other investors in the round include BRISE Capital, Startup Wise Guys, and Ihar Mahaniok, founder of Geek Ventures. The funding will be used to continue the company’s growth in the U.S. freelance market. The startup helps freelancers to manage their client appointments, accounting, invoices, clients, and workflow in one place. The no-code software enables professionals to create their personal brand website automatically, without any coding experience, and then to efficiently connect the website to their back-office management through the Workee platform.

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 2. Bank of Georgia explained how digital transformation helped to become one of the best digital consumer banks in the world in 2021 according to Global Finance

February 13, 2022. TechCrunch and Bank of Georgia. The large-scale digital transition has led to an increase in the number of active individual users on mobile and Internet banking platforms. At the end of the third quarter of 2021, they made up almost 60% of the customer base. For a country with a population of less than 4 million and no more than 2.5 million Internet users, where until a few years ago an absolute majority of residents would have preferred to save money at home, the results can be considered successful. Users of the Bank of Georgia also now have a fully digital process of consumer lending and an opportunity to invest: in the mobile application there is now access to the US stock market.

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 3. A decree has been signed in Belarus on the register of virtual wallet addresses and special features of the circulation of cryptocurrency

February 14, 2022, Belta. Alexander Lukashenko signed on February 14 decree 48 «On the register of addresses (identifiers) of virtual purses and features of turnover of cryptocurrency». The document provides for the establishment by the High Technology Park of a register of virtual wallet addresses used in illegal activities and the establishment of procedures for its operation. This regulation is intended to protect participants in the digital asset market from loss of property and to prevent inadvertent involvement in prohibited activities.

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 4. Mining tax in Kazakhstan proposes to increase 10-fold from 1 tenge to 10 tenges per 1 kW/hour of electricity consumed

February 15, 2022. KZ Capital. Today about 640 MW of electric power is consumed by officially registered main companies. At the same time, consumption of «shadow» mining requires official registration. At the same time, mining companies consume electric power directly from energy-producing organisations or from unregulated energy supply organisations. The main reason for this is the attractiveness of tariff», – claims Minister of National Economy Alibek Kuantyrov.

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 5. Ukrainian IT-consulting company «Sigma Software» opens development office in Uzbekistan

February 15, 2022. Ain. The company’s entry into the Uzbek market will begin with the Open Tech Day technology conference in early March 2022. It is noted that Sigma Software plans to start its activity in Uzbekistan with large-scale hiring for work in a new office in Tashkent or remotely from any place in Uzbekistan. In addition, the company runs an educational laboratory at the University of Incha in Tashkent. As Valery Krasovsky comments CEO Sigma Software, Uzbekistan has great potential and now demonstrates ambition in IT-industry and innovations at the state level.

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 6. Cerebra signed an agreement to conduct a pilot launch in Uzbek hospitals

February 16, 2022. Cerebra. During the meeting, an agreement was reached between the National Chamber of Innovative Health Care of the Republic of Uzbekistan and Cerebra to conduct a pilot launch in hospitals in Uzbekistan. The National Chamber is ready to give its full support to the launch and further implementation of the pilot project. «Uzbek colleagues highly appreciated the innovation of our product and expressed hope for further cooperation», – Cerebra team comments.

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 7. Kyrgyz startup Appboxo raised $7,000,000 funding

February 16, 2022 Economist. Appboxo startup by Kanyeta Raev and Nursultan Keneshbekov raised $7 million from the English venture fund RTP Global. Appboxo provides developers with tools to create dynamic, performance and customizable mini-applications. Over the past two years, Appboxo has attracted investment from Antler, 500 Southeast Asia, SciFi VC, Gradient Ventures, and has also received investment from business angels Huey Lin and Kayvon Deldar. Appboxo works with partners in Southeast Asia, India and South Africa. The company supports more than 400 integration mini-applications, and the combined Appboxo database has more than 500 million users.

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