Banking technologies

Candy magnate Korkunov invests in mobile app community expecting mobile banking revolution

July 19, 2013

Andrey Korkunov, the founder of a leading candy company, has invested $1 million in Apps4all in exchange for a 15% stake, the Russian business daily Vedmosti reported yesterday. Launched in 2011, Apps4all brings together a community of mobile app developers with a variety of media, event, training, research, and advertising activities. The startup – which …

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California’s Sequent raises $12 million from Russian and US funds for mobile wallet tech

July 11, 2013

In a new illustration of the internationalization of Russia’s venture capital, SBT Venture Capital, the venture arm of the national savings bank Sberbank, has led a $12 million round to fund Sequent Software, a California-based provider of trusted service manager (TSM) and mobile commerce software and services. Sequent’s existing US investors Opus Capital and Jado …

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Online dating service Mamba introduces one-click payments

June 18, 2013

In what may seem like a commonplace feature in many countries but represents a pioneering move in Russia, leading dating service Mamba has introduced an Amazon-like one-click payment method, making the recurring use of its service easier. Once a user’s bank card is registered for a first-time payment, subsequent payments are pre-authorized based on information …

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St. Petersburg startups pitch customer-oriented solutions for bankers

November 19, 2014

As Russia’s banking sector seeks new, customer-focused strategies to win over clients in an increasingly competitive market, Russian startups are close at hand and ready to support such strategies with an array of advanced IT solutions. In St. Petersburg on May 31st, eighteen startups, all residents of the Ingria business incubator, made a series of …

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Smart bank card provider IQcard raises $2.5 million from Russian and Ukrainian funds

March 13, 2013

IQcard, a Moscow-based startup offering multifunction bank cards, has raised “more than $2.5 million” in a Series A round from Paradigm Investments and TA Venture, as well as from existing investors Fastlane Ventures and Direct Group. Neither the exact amount of investment nor the startup’s valuation were disclosed. Launched in March 2012, IQcard offers a prepaid bank …

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