Center of Financial Technologies
- Novosibirsk/Moscow, Russia
- Year of the first investment:
- Size of share holding:
- Large minority
The company’s leading position is a result of 20 years of experience on the market, and of the development of the software and processing sides of the business at the same time, as well as taking innovative approaches to offering computer support to banks. More than 500 financial institutions in Russia and the CIS are clients of the company. CFT is the leading Russian software developer for the financial sector, and one of the top five Russian companies to develop its own software. The company has for some years now enjoyed annual rates of revenue growth well above the market average, at around 30 per cent per year.
CFT is among the leading companies providing software for the investment industries and processing services across Russia and the CIS. Baring Vostok Private Equity Fund III became a shareholder of the company in 2006.