Today in FinTech Ukraine: Revolut Raises $10.9M for War Victims; Santander Bank Suspends Fees on Transfers

Revolut, the global financial super app, has raised more than 10 million euros ($10.9 million) to support victims of the war in Ukraine through donations to the Red Cross Ukraine appeal, the Stockholm-based company announced.

The money includes donations from customers together with contributions from Revolut. The campaign to allow millions of customers worldwide to instantly donate to the Red Cross Ukraine appeal began on Feb. 25 and raised more than 1 million euros ($1.09 million) in the first 24 hours. Since then, users in more than 50 countries have participated in the appeal.

Zopa, the financial services company that offers deposit accounts and credit cards, has pledged support for Ukrainian candidates applying for jobs at the London-based company in the U.K., Altfi.com reported.

These measures come in response to the catastrophic events ongoing in the country, as war continues to rage with Russia. In addition, Zopa said it is prepared to sponsor up to 50 working visas for eligible applicants and fast-track the relocation of Ukrainians wishing to join their families in the U.K.

A collaborative effort dubbed Aid for Ukraine has been launched, Nation.io reported. The move based on a partnership between the Ukrainian government, Everstake — a Ukraine-based company that uses decentralized blockchains to enable new business and social models — and friends from the crypto community around the world.

The funds collected through this effort will go toward aiding Ukrainians on the ground. Aid for Ukraine is collaborating with FTX, a Bahamian cryptocurrency exchange, to transfer digital assets into fiat currency. Funds will be deposited into a government account.

Santander Bank, a subsidiary of the Spanish Santander Group, has pledged to support its Ukrainian customers in Poland and other European markets by removing all fees on all permitted transfers to Ukraine, the Boston-based company announced.

In addition, Santander said it is making an initial donation of 1 million euros ($1 million) to the Red Cross and the United Nations High Commissioner for Refugees, a nonprofit founded to aid and protect refugees, forcibly displaced communities and stateless people, and to assist in their voluntary repatriation, local integration, or resettlement to another country.

“We stand with the people of Ukraine and remain ready to do whatever we can to support the humanitarian response,” Santander said.