Search Results for: Rakishev

Fintech startup IQcard claims 1 billion ruble monthly turnover, receives new capital injection

February 17, 2016

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 Russia and Eastern Europe. Inspired by such international models as Greendot in the USA, IQcard was founded in 2012 by Fastlane Ventures, a Moscow-based startup investment firm and incubator. In 2013, the …

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Net Element acquires PayOnline to “cover all methods of online and mobile payments in Russia”

February 25, 2016

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 Internet payment service provider (IPSP) PayOnline. The deal amounted to some $8 million, reported online tech portal CNews.ru, referring to SEC documents. The closing is still …

Net Element acquires PayOnline to “cover all methods of online and mobile payments in Russia” Read More

Mobile payment and transaction processing provider Net Element raises $11.2 million

April 30, 2014

Last week Net Element, a NASDAQ-listed provider of mobile payment and value-added transactional service and solutions in Russia and in the United States, announced $11.2 million investment from a new investor, Cayman Invest SA. The $11.2 million raise, in exchange for a 15% stake, is part of a larger financing round totaling $30 million that Net Element plans to complete this …

Mobile payment and transaction processing provider Net Element raises $11.2 million Read More

Russian startup IQcard wins international payment industry award

January 23, 2014

IQcard, a Moscow-based startup offering multifunction bank cards, has been selected as a winner in the Boundary Buster category of the Paybefore Awards. This annual competition confers international recognition in the industry of prepaid, mobile and emerging payments. The awards are presented by Paybefore, a major industry publication.

Kazakhstani businessman Kenges Rakishev leads $3.7 million round in Moscow startup IQcard

December 23, 2013

IQcard, a Moscow-based startup offering multifunction bank cards, has raised $3.7 million in a Series B round led by Kenges Rakishev, a prominent businessman from Kazakhstan. The startup’s valuation has not been disclosed. Existing shareholders Fastlane Ventures and Direct Group have also participated in the round along with an unnamed “prominent Russian IT entrepreneur,” Fastlane’s press …

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Fastlane secures $13 million from Kazakhstani investor; celebrates first exits while conceding failures

December 12, 2012

Fastlane Ventures, one of the most active investors on the Russian Internet scene, has secured $13 million from Kenges Rakishev, a prominent businessman from Kazakhstan. Rakishev will be joining Fastlane Ventures’ board of directors, along with existing strategic investors VTB Capital, Direct Group, and e.ventures. Rakishev already serves as chairman of the boards of directors …

Fastlane secures $13 million from Kazakhstani investor; celebrates first exits while conceding failures Read More

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