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Venture Capital
rbf.vc

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Investments

1

About RBF Ventures

RBF Ventures is a venture capital firm focused on tech startups at the seed stage and the growth stage (round A).

RBF Ventures Headquarter Location

1 Bolshoy Gnezdnikovsky Lane Building 2

Moscow, 125009,

Russian Federation

+7 495 729-6459

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Latest RBF Ventures News

Open banking startup secures $1.6 million from Russian-Belarusian state-backed fund

Jan 12, 2021

By East-West Digital News / January 12, 2021 January 12, 2021 An award-winning fintech startup from Moscow, APIBank , has attracted 120 million rubles in Russia (some $1.6 million at the current exchange rate) from the Russian-Belarusian Investment Fund ( RBF Ventures ). As  reported  by CNews.ru, this is the first external capital infusion — in the form of a convertible loan — in this startup launched in 2018. The money will be used “to develop products for payment aggregators and marketplaces, and to promote ready-made solutions for banks.” With its embedded financial instruments and partner banking licensing offer, APIBank allows fintech companies to create their own “fancy financial services.” The startup also provides banks with solutions to develop digital and fintech activities. The startup presents its end-to-end open banking platform as a means to “connect SMEs, developers, individual entrepreneurs, and end customers”. For example, online retailers and marketplaces may optimize payments between suppliers and customers, simplify and speed up cashback accrual, and create their own payment service. “The share of services based on open banking standards in total bank revenue is expected to grow several times. Foreign platforms have already attracted significant investments, according to expert forecasts, the revenue of this segment in 2022 will exceed $9 billion,” notes Mikhail Fedotov, director of the RVC Infra Fund, a managing partner of RBF Ventures. “The Russian open banking market is now on the verge of explosive growth,” CNews.ru quoted him as saying. Among APIBank’s partners are Visa, Alfa-Bank, Gazprombank Group and Russian Agricultural Bank. The startup was distinguished at the Visa Everywhere Initiative in 2019 and a KPMG startup contest. Share this:

RBF Ventures Investments

1 Investments

RBF Ventures has made 1 investments. Their latest investment was in Cinemood as part of their Series A - II on December 12, 2018.

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RBF Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

12/27/2018

Series A - II

Cinemood

$3.81M

Yes

3

Date

12/27/2018

Round

Series A - II

Company

Cinemood

Amount

$3.81M

New?

Yes

Co-Investors

Sources

3

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