The Funds’ first investment in telecommunications was made in 1994 in FGI Wireless (which eventually became today’s Vimpelcom, one of Russia’s largest mobile telephony operators). The company was a pioneer in cellular network development in Russia. Since 1994, Baring Vostok funds have invested over $850 million in 30 companies in the internet, software, media, and telecommunications sector.
Revo Technologies

Revo Technologies

Location:
Moscow, Russia
Year of initial investments:
2017
Shareholding:
Minority stake

Revo was founded in 2012. The Company is a leading fintech company in Russia. Leveraging the latest cloud, data, and mobile technology, Revo is able to deliver instant and paperless sales financing solutions for on- and off-line retailers in Russia. Revo has successfully partnered with leading national merchants in apparel, footwear, children’s, sporting goods, travel, and health and beauty categories to provide accessible sales financing for consumers. Kari, Detsky Mir, Melon Fashion Group, INCITY, Utkonos, Ile de Beute, Thomas Cook are some of Revo’s major partners.

Other projects

News

10 July 2019

Media Statement.

At today’s hearing in the Basmanniy Court the defense lawyers for Ivan Zyuzin and Vagan Abgaryan announced a motion to disqualify the judge after spotting the ruling for the hearing on the judge’s desk before the hearing had even completed.
09 July 2019

Media Statement.

Today’s decisionby the Basmanniy Court to prolong the pre-trial detentions of Maxim Vladimirov and Philippe Delpal was unfounded.

08 July 2019

Media Statement.

Today the Basmanny Court once again prolonged the house arrest of the founder of Baring Vostok Michael Calvey, without any legal basis for the arrest.

14 June 2019

Media Statement.

Baring Vostok funds are very concerned about potential violations with the bank’s formal approach to meeting the Central Bank requirements, and about continuing issues with Vostochny’s asset quality that may require an additional RUB 10-15 billion of provisions be created.
21 May 2019

Media Statement.

BVCP statement on the decision to deny Philippe Delpal’s appeal regarding the form of pre-trial detention.
17 May 2019

Media Statement.

BVCP statement on ruling by Amur Court of Arbitration.
06 May 2019

Media Statement.

BVCP statement regarding court refusal to change form of detention for Michael Calvey.
29 April 2019

Media Statement.

BVCP statement concerning the rejection of appeal against prolongation of the pre-trial detention.