Startup Central Eurasia News Digest

19 January, 2022

We gathered the main news of Central Eurasia, affecting the region’s startup ecosystem. 13-19 January


1. 60% of large and medium-sized companies use artificial intelligence

January 12, 2022. Vedomosti. Artificial intelligence (AI) is actively used by 12% and tests 48% of companies in large and medium-sized businesses worldwide. This is stated in a Dentons study published on January 11. Data obtained from the online survey in September 2021. It was attended by 209 business representatives, including from Russia.

Learn more: https://www.vedomosti.ru/technology/articles/2022/01/12/904347-iskusstvennii-intellekt-primenyayut-60-kompanii 

2. Headspace Health acquires Sayana, founded by Russians

January 12, 2022. TechCrunch.Headspace Health has acquired Sayana, an AI-powered mental health and wellness company, the company announced on Wednesday.  Founded in 2018 and backed by Y Combinator in 2020, Sayana leverages chat-based sessions with an AI persona that encourages users to track their moods. The app personalizes users’ experiences based on their mood trends and suggests self-care and breathing exercises. The company’s sleep app helps users get restful sleep sessions based on their mood and sleep patterns

Learn more: https://techcrunch.com/2022/01/12/headspace-health-acquires-ai-powered-mental-health-and-wellness-company-sayana/


3. Startups will be required to report about their finances in the US.

January, 13 2022. Forbes Ukraine. Unicorns like Grammarly – founded by Ukrainians – are threatened. The American Securities and Exchange Commission (SEC) intends to make life more difficult for large startups. Large-state, billionaire-capitalized private companies may be required to report financial results. Changes can come, for example, Grammarly. A $13 billion-worth startup is headquartered in California and does not disclose financial indicators or the full stock structure.

Learn more: https://forbes.ua/ru/innovations/ssha-pochali-polyuvannya-za-zvitnistyu-startapiv-pid-zagrozoyu-edinorogi-nakshtalt-grammarly-17012022-3246 

4. Ukraine startup Fintech Farm raises $7.4M to launch neobanks in 8 countries

January, 13 2022. Ain. The company founded by Dmitry Dubilet, Aleksandr Vityaz and Nikolai Bezblood deals with financial technologies. Fintech Farm is developing a platform for launching non-bank products in different countries in partnership with traditional banks. The first Fintech Farm project was Leobank, which the company launched in Azerbaijan in partnership with local Unibank last year. Over 100,000 cards have already been produced.

Learn more: https://ain.ua/en/2022/01/13/fintech-farm-raises-7-4m/ 

5.  App Annie published data on the mobile application market in 2021

January 17, Ain. According to a study, Russian owners of Android gadgets have spent more than $1.5 billion, of which $1 billion is mobile games. Also for dating apps, users around the world spent over $4.2 billion. 

Learn more: https://ain.ua/en/2022/01/13/fintech-farm-raises-7-4m/ 

6. In 2022, Kazakh banks will continue developing their ecosystems 

January 17, 2022. Kapital.kz. In late October 2021, S&P Global Ratings analysts, updating their forecasts, noted that, overall, Kazakh banks had handled the first effects of the pandemic better than expected. While the experts of the rating agency had previously seen an emerging trend in new mergers and acquisitions in the sector, their updated data did not suggest that this would be the case in the next 1-1.5 years.

Learn more: https://kapital.kz/finance/101619/v-2021-godu-bankovskiy-sektor-kazakhstana-lishilsya-chetyrekh-igrokov.html 

7. App Annie published data on the mobile application market in 2021

January 17, Startup Jedy. According to a study, Russian owners of Android gadgets have spent more than $1.5 billion, of which $1 billion is mobile games. Also for dating apps, users around the world spent over $4.2 billion.

Learn more: https://www.appannie.com/en/go/state-of-mobile-2022/