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RVC Venture Fund Da Vinci Pre-IPO Withdraws Global Fintech Solutions Platform

07.02.2020

The Prytek Group of Companies acquired the stake in fintech integrator Global Fintech Solutions (GFS) from Da Vinci Pre-IPO Fund. According to the results of the transaction, Prytek will receive a majority stake and control over operational management, and Da Vinci Capital, through other structures, will remain a minority shareholder. Da Vinci Capital is a leading private equity fund in emerging markets, created with the assistance of RVC capital.

Established in 2017, GFS is engaged in the transfer of global financial technologies to developing markets. The company acquires exclusive licenses for comprehensive technology products to further transfer technology to markets with low penetration and high growth potential.

Oleg Zhelezko, Managing Partner, Da Vinci Capital
We made one of the fastest exits in our history since we invested in GFS only in 2018. Partial exit allows us to take profit on investments and show profitability, which is currently the key for any fund manager. In our view, the financial technology market remains one of the largest and fastest-growing markets in the world, and we look at it optimistically.
Alexey Basov, Deputy General Director-Investment Director, RVC
Da Vinci Pre-IPO is a fund managed by a professional team with extensive experience and expertise. Among the most significant transactions of the fund, except for investments in GFS, are investments in Gett taxi ordering service, B2B-Center electronic trading system, Softline, a global IT services provider, which has already placed two issues of bonds for 3.7 billion roubles. We are pleased that the joint work brings results that have a positive effect on building confidence in the Russian venture capital market.



Information

About Da Vinci Capital

Da Vinci Capital is one of the leading private equity fund managers in emerging markets. Collaborating with the European Bank for Reconstruction and Development, Da Vinci Capital has over $400 million under management. Da Vinci Pre-IPO Fund created with the participation of RVC capital. The portfolio of funds managed by Da Vinci Capital includes, among other things, shares in Gett global taxi service, B2B-Centre e-procurement platform, First Collection Bureau collection agency, a diversified platform for independent asset managers ITI Funds, the ITI Group financial and technological group, Softline's global IT services provider, DataArt IT solutions developer and other fast-growing technology companies. Recent investment exits include EPAM (NYSE: EPAM) and Moscow Exchange (MCX: MOEX).
www.dvcap.com

About Global Fintech Solutions

Global Fintech Solutions, an investment holding company in the field of financial technology, is a supplier of software and service products for commercial banks, insurance companies, brokerage, and management companies and other companies in the business and non-financial sectors. The company's product portfolio includes solutions of leading technology companies in Europe and Israel, such as Way2VAT, PayK (ex. CoBox, PayBox), TipRanks, Scanovate, Ezbob, HopOn, Jassby, CallVU, OpenLegacy, and PayMe. Among current customers and partners of GFS are leading global financial institutions and technology companies, such as Croc, Softline, BSS, and others.
gfs-technologies.com

About PRYTEK

PRYTEK is a Singapore-based corporation with an innovative business model. It takes advantage of two synergetic business areas: a smart investment unit and a decentralised division for the distribution and development of business (serves portfolio companies). This allows PRYTEK to scale the industry with new directions and sales opportunities quickly. PRYTEK invests in leading companies in the field of financial or information technology, HR resources, artificial intelligence, cybersecurity, education, and media. PRYTEK is headquartered in Singapore, with operations open in Moscow, Israel, India, Poland, and the United Kingdom.
prytek.com

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