Russian venture fund Life.Sreda seeks to sell assets amid first signs of...
Russian fintech fund Life.Sreda is seeking buyers for the greater part of its portfolio companies, both Russian and foreign, Russian business daily Vedomosti has learned from unnamed industry insiders....
View ArticleQIWI launches new accelerator Universe 2.0
QIWI Venture, the investment arm of Russian electronic payment giant QIWI Group, has launched a new acceleration program, Universe 2.0. Like its predecessor, the program is intended to facilitate the...
View ArticleRussian fintech fund Life.Sreda acquires Southeast Asian mobile acquiring...
Life.Sreda, a Russian fund investing in financial and mobile technologies, has acquired iboxPro, a leading Asian mobile point-of-sale service, and intends to merge it with its Russian portfolio company...
View ArticleThis bizarre Russian ATM wants to lend you money
Walking past a row of vending machines and ATMs at the Kursky train station in Moscow, Sergei Amirkhanov stops in front of a bright orange cash machine. Instead of inserting his bank card, he scans his...
View ArticleRussia’s SBT Venture Capital leads $6.5 million round for Canadian payment...
Earlier this month SBT Venture Capital, the venture arm of Russia’s national savings bank Sberbank, led a $6.5 million investment round for Mobeewave, a Canadian startup that develops fast and secure...
View ArticleBank software publisher Double Data secures $3 million in Series A round
Last week two Moscow-based venture funds, Leta Capital and Simile Venture Partners, announced they invested “nearly $3 milllion” in Double Data, a Russian startup developing Big Data solutions for...
View ArticleVictor Dostov of Russia’s Electronic Money association: “A ban is not the way...
Dr. Victor Dostov is one of the leading experts and managers in Russian retail payment sectors. He has served as the President of the Russian Electronic Money Association since 2009. Considering his...
View ArticleNet Element acquires PayOnline to “cover all methods of online and mobile...
Earlier this month Net Element, a NASDAQ-listed provider of mobile payment and value-added transactional service and solutions in Russia and in the United States, announced the acquisition of Russian...
View ArticleVisa and MasterCard join Russia’s National Card Payment System
On April 1 Visa and MasterCard joined Russia’s newly-created National Card Payment System, which was launched in response to US sanctions against Moscow and can be considered the first step towards the...
View ArticleMoscow Seed Fund and Life.Sreda invest in microcredit scoring technology
Earlier this month Moscow Seed Fund, the venture arm of the Moscow city authorities, and Life.Sreda, a Russian fintech fund, announced they brought in 12 million rubles (approximately put $240,000 at...
View ArticleLoyalty program, mobile payments, personal data storage: AliExpress to...
Over the past few weeks, AliExpress has multiplied initiatives to strengthen its leadership on the Russian e-commerce scene. The Chinese giant has teamed up with Russian online bank Tinkoff Bank to...
View ArticleCross-border e-commerce: Adapting payment options to Russian online consumers
In a cross-border market that is still growing fast, reaching around $4 billion in 2014 for physical goods, the Russian payment issue is to be considered carefully by foreign online retailers. So far,...
View ArticleQiwi acquires payment operators Contact and Rapida
Yesterday Qiwi, a major, NASDAQ-listed Russian payment operator, announced the full acquisition of SAER, a holding company that owns the Contact money transfer system and the Rapida payment processing...
View ArticleOnline fundraising for oppositional report: PayPal more restrictive than its...
Last week PayPal blocked a Russian account that was intended to fund large-scale publication of a critical report about Russia’s role in the Ukraine crisis. Released on May 12, the report was initiated...
View ArticleQiwi Venture invests $150,000 in mobile payment app AnyBalance
Qiwi Venture, the investment arm of Russian electronic payment giant QIWI Group, has committed itself to invest an estimated $150,000 in Krawlly, as reported by Russian tech blog Firrma. This Russian...
View ArticleNew technology for bank card protection: breakthrough or scheme of the century?
“A Russian scientist made a breakthrough”: this is how many global media outlets have described the new quantum key protection technology for bank cards developed by Viktor Petrik. The scientist...
View ArticleFintech startup IQcard claims 1 billion ruble monthly turnover, receives new...
Last week IQcard, a startup offering prepaid cards and monetization instruments for retailers’ loyalty programs, has raised an undisclosed amount from Finteca Holdings, a new fintech fund investing in...
View ArticleBitFury raises $20 million from iTech Capital, Georgian Co-Investment Fund...
Earlier this month BitFury, a major Bitcoin Blockchain infrastructure provider and transaction processing company, secured $20 million in funding from Russia’s iTech Capital, Georgian Co-Investment...
View ArticlePayment watches take first steps in Russian market
Russian banks now offer customers a new way to pay for purchases. In mid-July, Alfa Bank started selling Austrian Watch2pay watches, and it was soon followed by Center-Invest, based in Rostov-on-Don....
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Sberbank and Uber agree financial technology partnership
Earlier this month Sberbank, Russia’s national savings bank, and Uber announced that they signed a Memorandum of Understanding “to explore the co-development of financial technology with global...
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