FinTechs Join Ukraine Fund Appeal

Nearly two dozen tech companies have launched a charity to encourage FinTechs to donate and raise money for those impacted by the war in Ukraine.

As more than 2 million Ukrainians are being forced to flee their homes and seek refuge in neighboring countries, Fintechs for Ukraine was launched to support those in urgent need as a result of the conflict.

The fundraising appeal was organized by the European FinTech community, in part, because many workers in the sector live and work in Ukraine.

“As we watch the horror unfolding in Ukraine, we really wanted to find a way to help,” Lili Metodieva, managing director of United Kingdom-based digital payments provider Monneo, said in a statement. “We encourage our colleagues to stand together and raise as much money as we can to help the people in Ukraine in desperate need of vital supplies.”

Every dollar raised will go to Save the Children’s Ukraine Appeal. The nonprofit’s mission is to bring the FinTech community together by pledging money to support the campaign.

“Our initiative will hopefully raise awareness of the impact on our brave friends, families and colleagues affected by this terrible atrocity and raise funds which go directly to a charity helping people at this time of need,” Metodieva added.

Earlier this week, Whitepay, a fundraising platform launched to help Ukraine, reported it had raised $2 million of stablecoin tether (USTD).

Read more: Donated Crypto Assets Distributed to Ukrainian Army, Volunteers

Whitepay was founded by Whitebit, the Estonia-based cryptocurrency exchange, and Gleb Udovychenko, the Ukrainian FinTech and crypto entrepreneur.

Whitepay’s donations follow $20 million in donations in bitcoin and ethereum in the wake of Russia’s invasion of the country. The donations consisted of $9.4 million in bitcoin contributions and $10.6 million in ethereum, according to Decrypt, which cited blockchain networks.

For more information about Fintechs for Ukraine, click here.