As Ukrainian Foreign Minister Dmytro Kuleba continues pressing Russian Foreign Minister Sergei Lavrov for a ceasefire in Ukraine that hasn’t held so far, FinTechs are taking some matters into their own hands, getting various forms of aid to embattled Ukrainians.
Among the most high-profile efforts is Fintechs for Ukraine which quickly mobilized to raise money for Save the Children’s Ukraine Appeal.
The fundraiser was initially organized by virtual IBAN provider Monneo. Managing director Lili Metodieva said in a widely published statement that “We’re urging businesses in the fintech sector to come together and make a real difference, whether that be through donations, or by helping to promote this message online.”
Revolut Founder and CEO Nik Storonsky, who was born in Russia and whose father is Ukrainian, posted a letter to the company’s website on March 1 announcing “instant, fee-free donations to our customers in the UK, Lithuania, Ireland, Poland, Switzerland, Portugal, Austria, Bulgaria and Singapore.”
He said donations were north of “1 million pounds within…