Online guide to the Russian tech market
SBT Venture Capital invests $5 million in Advanced Merchant Payments
SBT Venture Capital invests $5 million in Advanced Merchant Payments
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Fintech startup which helps banks offer loans to small businesses to use funds to target new markets

Life.SREDA launches new fund worth $100 million
Life.SREDA launches new fund worth $100 million
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The fund will look to recruit investors from the banking and telecommunications sectors

Finance sector #1 client as IT-services grow by 8%
Finance sector #1 client as IT-services grow by 8%
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The financial sector and the state increased spending on IT-services in 2013, but orders from telecoms providers fell.

Sberbank invests $8m in US banking app Moven
Sberbank invests $8m in US banking app Moven
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The round, which takes total investment in Moven past $12m, was led by Sberbank's investment arm SBT.

Internet bank Ocean launches new $10m FinTech fund
Internet bank Ocean launches new $10m FinTech fund
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The fund will invest up to $1m in projects from anywhere in the world that could benefit Ocean Group's financial serv...

FinTech Russia 2014 - how FinTech startups can make money
FinTech Russia 2014 - how FinTech startups can make money
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The conference, organised by RusBase, will be held in Moscow on 5th June.

Yandex.Money teams up with 2Can to launch mobile card reader
Yandex.Money teams up with 2Can to launch mobile card reader
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Yandex will take a 2.5% commission for all transactions using the reader, which accepts Visa and Mastercard payments.

Card payments becoming increasingly popular in Russia
Card payments becoming increasingly popular in Russia
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Despite significant growth, cards are still accepted by just 22% of Moscow and St Petersburg businesses.

Mobile card reader 2Can raises $5 million
Mobile card reader 2Can raises $5 million
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This Series B investment in 2Can, an analogue of Square, was funded by InVenture, Almaz and ESN Group.

Fintech fund Life.SREDA makes its first exit
Fintech fund Life.SREDA makes its first exit
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Spanish bank BBVA's $117m purchase of US banking app Simple gave the fund a 180% return on its June 2013 investment.

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