PayReverse Archives

A Baker’s Dozen of Our Favorite Russian Fintechs

By David Penn Posted on September 23, 2020
Categories: Ak Bars Digital Technologies, C24, JuicyScore, LifePAD, LifePay, List series, myWishBoard, PayReverse, Sberbank, SoftWear Finance, SpeechPro, Tinkoff Bank, Tinkoff Credit Systems, Yandex

News this week that Russia’s Yandex had agreed to acquire the country’s biggest online bank Tinkoff was a reminder of how vibrant fintech is not just in Europe, or even just in Central and Eastern Europe, but in Russia, as well.

As our Senior Research Analyst Julie Muhn noted in her coverage of the news, “This is a pretty big deal, not necessarily because of the size of the transaction, but because of the players involved. Yandex is essentially the Google of Russia– it is a tech giant in the region. And Tinkoff Bank is the world’s largest digital bank in terms of customers, boasting more than 10 million clients.”

With this in mind, we want to send out a shout-out to the many fintech companies based in Russia that have demonstrated their technologies live on the Finovate stage over the years. Here’s a look at our Russia-based alums going back to our first European conference in 2012.

PayReverse – FinovateAsia 2018. Founded in 2017. Headquartered in Moscow. Offers a white label cashback service.

Ak Bars Digital Technologies – FinovateFall 2018. Founded in 2016. Headquartered in Kazan. Offers a payments via face recognition technology, Face2Pay.

Tinkoff – FinovateFall 2018. Founded in 2006. Headquartered in Moscow. Offers a digital ecosystem of financial and lifestyle products and services.

JuicyScore – FinovateMiddleEast 2018. Founded in 2016. Headquartered in Moscow. Offers a digital risk-management-as-a-service solution for the financial industry.

SMART Valley – FinovateEurope 2018. Founded in 2017. Headquartered in Moscow. Offers a distributed innovation platform that enables key players to collaborate effectively.

Speechpro – FinovateSpring 2017. Founded in 1990. Headquartered in St. Petersburg. Offers a voice biometric technology, VoiceKey.FRAUD for use in contact centers. Finovate Best of Show winner. U.S.-based subsidiary of Russia’s STC Group.

Sberbank – FinovateSpring 2016. Founded in 1841. Headquartered in Moscow. Offers banking and financial services as the core bank of an international financial group. One of the largest banks in Russia and Europe.

C24 – FinovateEurope 2015. Founded in 2013. Headquartered in Moscow. Offers a multi-channel platform that enables users to connect and aggregate their accounts with different banks. Became Paysend.

LifePay – FinovateEurope 2015. Founded in 2012. Headquartered in Moscow. Offers payment services as one of the largest mPOS EMV chip and pin companies in Russia.

My Wishboard – FinovateEurope 2014. Founded in 2013. Headquartered in Moscow. Offers a social crowdfunding platform to help users fund their goals along with the help of friends, family, and subscribers.

SoftWear Finance – FinovateEurope 2014. Founded in 2012. Headquartered in St. Petersburg. Offers a platform that enables banks to provide their customers with the best possible user experience regardless of platform or device.

Yandex.Money – FinovateSpring 2013. Founded in 2002. Headquartered in Moscow and St. Petersburg. Offers a fast, reliable way for online businesses to collect payments for Russians and customers in Russian-speaking countries. The solution, since sold to Sberbank, originally was launched by Yandex, the leading IT company and search engine in Europe.

LifePAD – FinovateAsia 2013. Founded in 2012. Headquartered in Moscow. Offers a “personal online bank manager” in a table, providing customer service 24/7.

FinovateAsia Sneak Peek: PayReverse

By David Penn Posted on October 16, 2018
Categories: FinovateAsia 2018, FinovateAsia 2018 Sneak Peek, PayReverse

A look at the companies demoing live at FinovateAsia on October 29 and 30, 2018 in Hong Kong. Register today and save your spot.

PayReverse is the world’s first white-label cashback service that is built into consumer brands’ apps and websites, allowing them to create additional monetization streams and increase customer loyalty.

Features

Easy, fast, and zero CAPEX integration
Adaptive design to suit a brand’s requirements and consumer behavior
Innovative technology makes it much more convenient than any existing cashback service

Why it’s great
PayReverse is the simple and adaptive solution for any consumer brand to rapidly create additional monetization streams and increase customer loyalty.

Presenters

Alexey Ermakov, CEO
Ermakov has 10+ years of experience as a strategist and blockchain expert. For a long time he managed a group of software developers specialized in high-loaded analytical solutions at a TOP-1 Russian telecom company.
LinkedIn

Yury Panov, CMO
Panov leverages his long-term successful experience in strategic planning to develop PayReverse’s business and to help clients in launching loyalty programs based on the PayReverse solution.
LinkedIn

Finovate Alumni News

By David Penn Posted on October 16, 2018
Categories: AlphaBot, Bluefin Payment Systems, Coinbase, Daon, Expensify, Finicity, identitii, Insuritas, Jack Henry, Jumio, Kabbage, Kinetica, Lendio, On Deck Capital, Openfinance, PayReverse, Ping Identity, Ripple, Topicus, Trustly, YellowDog, Zenmonics

On Finovate.com

OnDeck Launches Subsidiary to Help Banks with Small Business Lending.

Check out our latest FinovateAsia Sneak Peeks featuring:

Around the web

Daon partners with Akbank, making the Turkish bank the first in the country to deploy facial recognition technology for mobile banking authentication.

YellowDog shortlisted for Tech Company of the Year honors at the 2018 U.K. Business Tech Awards.

Bluefin teams up with data security tokenization vendor, TokenEx, to boost payment security.

Finicity selected as third-party service provider for Freddie Mac’s automated income and asset assessment solution, Loan Product Advisor.

Zenmonics earns a spot in the 2018 IDC FinTech Rankings.

FinTech Global recognizes Insuritas as a 2018 InsurTech100 Company.

Lendio announces facilitating $1 billion in financing to more than 51,000 U.S. SMEs since inception in 2011.

Indonesia’s biggest telecommunications company, Telkomsel, picks Kinetica to support its accelerated analytics, location-based visualization and AI.

Blockchain innovator identitii to list on the Australian Securities Exchange this week with anticipated market capitalization of $41 million.

Atlanta Business Chronicle interviews Kabbage’s Kathryn Petralia, highlighting her as a 2018 Women Who Mean Business honoree.

Sara Berg appointed Chief Operating Officer of Trustly.

Expensify launches training and certification program for accountants.

Ping Identity launches new Quickstart Private Sandbox for Open Banking and PSD2

Openfinance signs data partnership with Refinitiv.

Trustly partners with Ingenico for online banking payments.

Moneynetint partners with Ripple to leverage instant payment rails.

Coinbase expands with new Dublin office.

Native American Bank selects Jack Henry’s SilverLake system.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.