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Fintech startup IQcard claims 1 billion ruble monthly turnover, receives new capital injection

Last week IQcard, a startup offering prepaid cards and monetization instruments for retailers’  loyalty programs, has raised an undisclosed amount from Finteca Holdings, a new fintech fund investing in Russia and Eastern Europe.

 

Inspired by such international models as Greendot in the USA, IQcard was founded in 2012 by Fastlane Ventures, a Moscow-based startup investment firm and incubator. In 2013, the company started cooperation with Visa, releasing the first Russian Gold prepaid card.

 

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