Qiwi

Founded in 2007, Qiwi operates electronic online payment systems across Russia, Kazakhstan, Moldova, Belarus, Romania, and the United Arab Emirates. It offers payment services through a network of kiosks and terminals, enabling customers to pay for goods and services, transfer money, and use prepaid cards. Additionally, it provides digital banking services under the Rocketbank and Tochka brands.

Andrey Romanenko

Founder

Past deals in Eastern Europe

IntellectMoney

Acquisition in 2022
IntellectMoney is a Moscow-based company offering a multipurpose payment and discount platform that combines a coalition loyalty programme with an Internet payment system. Founded in 2008, it provides a plastic payment card issued free upon account registration and operates a cashback scheme where purchases earn cashback that can be used online, withdrawn, or sent to another user. The platform supports online cash registers, mass payments, payment transactions, money transfers, and, per PitchBook, anonymous financial transactions, enabling individuals and commercial clients to make secure and discounted transactions across offline and online channels.

Bartello

Corporate Round in 2019
Bartello is a Moscow-based company that offers a mobile application designed for ordering and paying for food and drinks in bars, clubs, and restaurants. The application enables users to locate nearby establishments, browse menus, and complete transactions seamlessly. By streamlining the ordering process, Bartello enhances the dining and nightlife experience for its customers in the vibrant Moscow market.

Flocktory

Acquisition in 2017
Flocktory is a Moscow-based company that operates an online social referral marketing platform, founded in 2012. It serves a diverse clientele, including notable brands such as Svyaznoy, S7 Airlines, Lamoda, Shoptime, and Groupon. The platform seamlessly integrates with e-commerce sites, allowing businesses to create and manage personalized marketing campaigns that encourage customers to share offers through social networks. Flocktory's interface enables companies to customize campaigns with their branding and messaging while providing incentives for both the original customer and their referred friends. The platform employs algorithms to identify key influencers among customers and analyzes buying behavior to optimize referral campaigns. Currently, Flocktory is in a beta stage in the Russian market, where it faces no direct competition, and it aims to expand into other European markets, such as Germany, leveraging the growing e-commerce sector and high social data usage.

Q Platform

Seed Round in 2017
QIWI Platform LLC, established in 2017 and based in Moscow, Russia, operates a comprehensive financial ecosystem platform that serves as a multi-banking solution in the CIS region. The platform facilitates access to a wide range of fintech solutions for banks, enabling detailed analysis and streamlined integration and management. Additionally, it offers fintech companies opportunities to enter new markets and engage with diverse audiences through an interbank distribution model. As a subsidiary of Qiwi plc, QIWI Platform aims to enhance connectivity within the financial sector and support the growth of fintech innovations.

Tutt

Seed Round in 2014
Tutt is a Daily rent in all cities of Russia and CIS

Carbay

Seed Round in 2013
Carbay is an automotive promotional platform that assists auto dealers in advertising their vehicles across multiple online channels. For a base fee, auto dealers can submit details and images of their cars, which Carbay then advertises on various auto-sale websites and social media platforms, including Facebook and Twitter. The service offers additional paid options for enhanced visibility on premium auto sites, with pricing structures that vary based on duration and region. Carbay aims to simplify the advertising process by allowing users to manage their listings through a user-friendly personal account, eliminating commission fees. The company has successfully attracted a clientele of auto dealers in Moscow and is expanding its offerings with mobile applications for Android and future releases for iOS and tablets.

Dengi Online

Funding Round in 2012
Dengi Online is a prominent aggregator of payment systems based in Saint-Petersburg, Russia, with a significant presence in the CIS, USA, and Europe. The company specializes in providing comprehensive payment services tailored for e-commerce businesses, enabling internet entrepreneurs to accept payments via various methods, including bank cards, mobile phone operators, and multiple internet payment systems. Dengi Online offers solutions through terminals and facilitates cash payments, ensuring a wide range of options for its clients. The company is committed to delivering round-the-clock support to its customers, reinforcing its role as a reliable partner in the evolving digital payment landscape.
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