According to Altus Capital experts, the FinTech sector is one of the most promising global market segments having a well-timed development outlook.
Dmitry Klenov, Managing Partner, Altus Capital, highlights that a rapid boost of FinTech projects should be expected in the nearest term. "We see a brisk growth in this sector as new technologies and solutions emerge and overtake markets. In fact, it is safe to say that we are in for the FinTech revolution right now."
Dmitry Klenov adds that the factors driving investors to place high stakes on the FinTech, in particular, include value engineering for products and services through new technology implementation and their global outreach both in traditional banking and well beyond, namely in the mobile operators market, social networks and technology companies.
The value of the new fund will be up to USD 100 million. Altus Capital plans to finance a quarter of the fund's budget from their own resources. The rest of the budget will be raised from Russian and foreign external investors.
The fund has already prepared a list of priority projects that have been thoroughly worked through and are ready for completion. Altus Capital will further announce deals entered into by the fund.