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Vostok Emerging Finance exercise option to invest an additional USD 2.5 mln into REVO and Sorsdata

Vostok Emerging Finance Ltd

Vostok Emerging Finance exercise option to invest an additional USD 2.5 mln
into REVO and Sorsdata

Stockholm, 2015-12-16 08:00 CET (GLOBE NEWSWIRE) --

Vostok Emerging Finance (VEF) today announces that the Company has exercised
its option to invest an additional USD 2.5 mln into two of Russia’s more
innovative and fastest growing fintech companies, REVO and Sorsdata. Following
the investment, VEF now holds a 25% stake in each company.

REVO is a first mover in Russia to leverage mobile internet and latest cloud
technologies to deliver instant store finance services for leading merchants
and health services providers in small ticket categories, segments with over
USD 100 bn of annual sales.

REVO’s sister company, Sorsdata, seeks to leverage proprietary customer data
and advanced digital marketing technologies to deliver personalized marketing
services for merchants. This is a domain that is deep in developed markets but
is only early stages in Russia and Sorsdata is well placed to be a market
leader in this growth segment.

Vostok Emerging Finance’s Managing Director Dave Nangle comments:

“On the back of our recently completed rights issue, as planned and
communicated to the market, we have exercised our option to increase our
ownership to 25% in REVO and Sorsdata. In the short period of time since our
initial investment, REVO has continued to grow at an impressive pace and
deliver on our expectations. We look forward to supporting the company and its
management in the years to come.”

Dave Nangle, Managing Director

For further information, please contact:
Björn von Sivers, Investor Relations, Tel +46 (0)8 545 015 50

Vostok Emerging Finance is an investment company with the goal of investing in
early stage modern financial services companies across emerging and frontier
markets. VEF trades in Sweden on Nasdaq First North under the ticker VEMF SDB.

Vostok Emerging Finance’s Certified Adviser on Nasdaq First North is Pareto
Securities AB.

Författare SSE

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