Ukraine: More than 1,200 refugees benefit from free Airbnb stays

This week in FinTech Ukraine, more than 1,200 people received temporary housing through Airbnb.org in Europe, and Google will contribute $5 million to the Google for Startups Ukraine support fund this year.

Following President Joe Biden’s announcement that the United States will welcome 100,000 refugees fleeing Ukraine, Airbnb said it is working with the federal government to support free temporary housing for refugees who may soon arrive in the country.

More than 1,200 people have received temporary housing through Airbnb.org in Europe, according to a blog post from the company. Another 28,600 people have signed up to offer their homes to refugees through Airbnb.org, including more than 17,800 in Europe and more than 5,800 in the United States.

Airbnb said it received more than $6.8 million in small donations from 73,000 individual donors in 95 countries.

As part of Google’s ongoing efforts to alleviate the humanitarian crisis, the global tech conglomerate announced a $5 million Google for Startups Ukraine Support Fund to allocate cash rewards this year.

Selected Ukrainian startups will be nominated on a rolling basis to receive up to $100,000 in funding, Google mentorship, product support, and cloud credits, according to a company blog post published Wednesday, March 30.

The Ukrainian government has identified a vibrant startup community in the Eastern European country.

Ukraine ranks in the top 30 startup ecosystems. Kyiv, the country’s largest IT hub, is home to more than 1,000 startups and product companies. Of the 2,000 startups in Ukraine, 126 have raised venture capital funds since the start of the year, according to Pitchbook.

An increase in cryptocurrency donations to support Ukraine over the past four weeks brought the total to nearly $136 million, blockchain intelligence firm TRM Labs announced on Wednesday.

An analysis of about four dozen crypto-donation charity campaigns for Ukraine by the San Francisco-based research firm identified fundraising campaigns that used new approaches to raise funds. The Russian invasion of Ukraine began on February 24.

Of the $136 million raised, government entities including Aid for Ukraine, Cyber ​​Police of Ukraine and Ukraine’s Ministry of Health have received over $50 million in donations to date.

Twitter-powered nonprofits such as Come Back Alive and UkraineDAO have received $50 million in contributions raising funds through Bitcoin, Ethereum, Tron, and Binance Smart Chain.

More than 85% of campaigns solicited donations in bitcoin and Ethereum, while Tron, Litecoin and Binance Smart Chain followed remotely.

Donations peaked on March 2 with $30 million. Since then, researchers said donations have declined. For the week of March 21, donations averaged $500,000 per day.

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NEW PYMNTS DATA: WHY PATIENT PORTALS ARE BECOME TABLE TOPS FOR CONSUMERS

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