2can replace CEO to merge with competitor

    The 2can mobile payment acceptance service will have a new CEO. Moreover, 2can plans to merge with a competing Russian service. This was announced by the former CEO and founder of the project Nikolay Zhmurenko:
    Friends, today I am transferring the operational management of 2can (ZAO Smartfin) to the new CEO. From Thursday, the project will be led by InVenture Partners Investment Director Pavel Glushenkov.

    For three years, 2can team managed to build the best Russian mPOS startup from scratch, to achieve growth rates that are good for the complex Russian fintech market, significantly outstripping competitors. In 2012, several dozen different teams set a goal to make a Russian copy of Square. To date, only four projects are actually working on the Russian mobile acquiring market. 2can is the largest of them, occupying more than 40% of the acquiring turnover of this four.

    In 2014, the acquiring turnover of the project grew 8.5 times compared to 2013 and reached 1.07 billion rubles., 2can - the only Russian MPOS-startups in 2014 crossed the bar of 1 billion rubles. turnover. Now 2can has already reached a turnover of 2.2 billion rubles. in terms of the year and continues to grow stably.

    Pavel Glushenkov will continue and accelerate the development of the project due to organic growth, expansion of the product line, implementation of the launched M&A process

    2can was launched in 2012. To date, the service has only 3 competitors in the Russian market: Pay-Me , LifePay and iBox (the latter two are included in the Life.Sreda fund portfolio ). Anna Yanchevskaya, representative of the Life.Sreda Foundation, claims that there can be no talk of merging with LifePay. Nothing is known about the rest of the services. 2can also did not begin to clarify the information, citing the fact that the transaction has not yet been closed, reports Roem.ru.

    In 2can, Zhmurenko and InVenture Partners have equal shares. In Almaz Capital and Group ESN Gregory Berezkina smaller share.

    Plans to merge with a competitor are one of the reasons for the change of CEO. Zhmurenko believes that the united company should be headed by a person who is not the founder of any of them.

    The former CEO also noted that he would periodically participate in the affairs of the company while on the board of directors.

    Also popular now: