Business Wire

ID-FINANCE

17.11.2016 10:02:45 CET | Business Wire | Press release

Share
ID Finance: The Volume of Global Investments in FinTech in 2016 Will Exceed $30 Billion

ID Finance, an international financial innovations holding, has held a meeting with investors.

Representatives of the Emery Capital venture fund, banks, payment systems, credit bureaus, other partner companies, and 100+ private investors attended the event.

One of the speakers at the Conference was Ivan Savelyev, Managing Partner of the Emery Capital Fund. He talked about the development of the global financial technologies market. According to the estimates of Emery Capital experts, the core activities in the FinTech industry today are loans, payments, investments, and asset management, as well as consulting based on Big Data techniques. Other promising activities are include projects that use artificial intelligence and machine learning technologies in the financial sector.

According to Emery Capital data, the global volume of investments in FinTech companies in 2015 was about $20 billion, with roughly $13 billion having been invested in these companies in the first half of 2016. Emery Capital expects that the year 2016 will show a total volume of investments exceeding $30 billion.

Next, Boris Batin, CEO of the International FinTech Holding ID Finance , spoke about the development of the online loans market: “Today the projects of the ID Finance, the companies MoneyMan and AmmoPay , are operating in Russia, Spain, Georgia, Kazakhstan and Poland. For four years, the Group has financed over 650 thousand loans totaling over $130 million. In 2016, ID Finance’s revenue will be no less than $71.5 million. According to our forecasts, the next two years will show more than a two-fold increase of revenues annually.”

In 2017-2018, ID Finance is planning to ramp up its technological advantage, introduce innovation solutions, develop their product line to align closer with bank loans products, extend loan terms and increase their amount, extend the geographic footprint, and develop new product brands, including those for SME.

About ID Finance
ID Finance is a fast-growing FinTech company specializing in data science, credit non-fico scoring and online lending in emerging and well-developed markets. The company concentrates its R&D efforts on developing innovative risk assessment models stepped up with proprietary high-tech instruments of predictive analytics and developing secure applications for both web and mobile platforms. It brings innovations into emerging markets and provides financial inclusion as a social mission. More info at idfinance.com , official facebook and twitter pages.

Contact:

ID Finance
Dmitry Gorokh, +7-495-666-2125 ext.225
pr@idfinance.com

Link:

ClickThru

Social Media:

https://www.facebook.com/IDFinancecom

About Business Wire

Business Wire
Business Wire
101 California Street, 20th Floor
CA 94111 San Francisco

http://businesswire.com

Subscribe to releases from Business Wire

Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from Business Wire

NetApp Announces Intent to Acquire PEAK:AIO to Advance Scalable AI Infrastructure Architecture25.9.2026 15:00:00 CEST | Press release

Planned acquisition strengthens NetApp's position in the rapidly growing AI infrastructure market by bringing differentiated metadata innovation and parallel file architecture designed for AI NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, today announced its intent to acquire PEAK:AIO, a pioneer in next-generation metadata architecture and high-performance parallel file systems. The planned acquisition is expected to accelerate NetApp's AI infrastructure roadmap by augmenting metadata services and parallel namespace innovation designed to help AI clouds scale shared storage alongside growing GPU clusters. As AI becomes embedded in every enterprise workload, organizations are confronting a new challenge: traditional storage architectures were not designed for the unprecedented scale, concurrency, and performance requirements of AI factories, AI clouds, and next-generation data-intensive applications. NetApp is building an architecture that disaggregates metadata fr

MultiBank Group Secures Two Awards at Forex Expo Dubai 202625.9.2026 14:57:00 CEST | Press release

The Group was recognised for the strength of its global institutional ecosystem and its contribution to financial markets innovation and community impact MultiBank Group, one of the world’s largest financial derivatives institutions, received two awards during its participation at Forex Expo Dubai 2026, held on 22 and 23 September at Dubai World Trade Centre. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260925539591/en/ MultiBank Group was named “Best Global Institutional Financial Ecosystem of the Year” and received the award for “Excellence in Global Financial Markets Innovation and Community Impact.” The Group was named “Best Global Institutional Financial Ecosystem of the Year” and received the award for “Excellence in Global Financial Markets Innovation and Community Impact.” The first award recognised the strength and breadth of MultiBank Group’s global institutional offering, which brings together trading, liquidity

Croma-Pharma Introduces saypha® volume prime Lidocaine25.9.2026 14:04:00 CEST | Press release

New cross-linked hyaluronic acid filler replaces saypha® volume Lidocaine, offering physicians a more versatile solution for both midface volumization and nasolabial folds Croma-Pharma introduces saypha® volume prime Lidocaine, a cross-linked hyaluronic acid dermal filler that replaces saypha® volume Lidocaine within the company's saypha® portfolio. The new product offers physicians a more versatile solution with expanded indications for both midface volumization and nasolabial folds, backed by strong clinical data. 1,2 saypha® volume prime Lidocaine demonstrated non-inferiority to comparatora in a randomized, subject- and evaluator-blinded, controlled, non-inferiority multicenter, parallel group comparison study with almost 500 patients.2 In the clinical evaluation, a high patient satisfaction highlights improved midface fullness, smoothness and contour, consistent with a rheologic profile designed to provide volumization in the mobile midface.b,2 With saypha® volume prime Lidocaine,

Abacus Global Management Completes Landmark $400 Million Securitization25.9.2026 14:00:00 CEST | Press release

~ Dual-tranche structure and investment-grade rating reflect a maturing securitization platform ~~ Transaction was oversubscribed and upsized amid strong demand from institutional fixed income investors ~~ Closing advances Abacus’s shift toward recurring, fee-related revenue ~ Abacus Global Management, Inc. (“Abacus” or the “Company”) (NYSE: ABX), a financial services company specializing in alternative asset management, with a focus on longevity-based assets and personalized financial planning, today announced the closing of a dual-tranche securitization collateralized by a diversified portfolio of life insurance policies. The total structure is valued at over $400 million including the Class A and Class B notes and the residual interest. The notes have received an investment-grade rating from a third-party rating agency. The offering was oversubscribed and was upsized in response to investor demand. Abacus expects to use the net proceeds from the transaction to support continued poli

Eaton signs agreement to acquire COL Group, expanding manufacturing capacity and capabilities for data center and utility markets in EMEA25.9.2026 12:45:00 CEST | Press release

Intelligent power management company Eaton (NYSE:ETN) today announced it has signed an agreement to acquire COL Group from Oaktree’s Power Opportunities strategy. COL Group is a leader in medium-voltage electrical distribution solutions, including SF₆-free switchgear, grid automation technologies and modular power systems. The acquisition will expand Eaton's European power distribution capabilities and manufacturing footprint, enhancing its ability to support growing customer demand across data center and utility markets. “COL Group brings complementary technologies, manufacturing capabilities and engineering expertise that will further strengthen Eaton's European power distribution platform,” said Omar Zaire, president, EMEA Region, Corporate and Electrical Sector, Eaton. “The acquisition will enhance our ability to support utility and data center customers' increasing need for resilient, sustainable power infrastructure and integrated grid-to-chip power solutions.” Under the terms of

In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.

Visit our pressroom
World GlobeA line styled icon from Orion Icon Library.HiddenA line styled icon from Orion Icon Library.Eye