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  • VTB Capital invests in mobile technologies on transport


    VTB Capital’s venture business reports on closing of investment into the project of Breeze Technologies Ltd.

    Breeze Technologies designs and implements m- and e-commerce services based on innovative contactless technologies, including NFC (Near Field Communication) technology. The major focus of the company is creation of remote fare collection systems for public transport. The project is socially-oriented: solutions developed by Breeze Technologies encourage passengers to use public transport by making it more convenient for them to pay fares.


    NFC is a short-range wireless communication technology. NFC enabled mobile devices make it possible to launch a wide range of transport, payment, information, identification, and access control services.

    Attracted funds will support creation of a special processing centre and the further technological development of the company’s NFC services.

    Currently, Breeze Technologies is developing a unified transport app which will help passengers to pay their fares for public transport using NFC enabled phones.

    The technological innovation of the app is its versatility: it can be recorded either on the mobile operators’ SIM cards or security elements of NFC phones. The project based on a unified transport app will be launched in St. Petersburg until the second quarter of 2013 along with a similar one in one of Russia’s regions.

    The project team consists of a group of professionals with comprehensive experience in the fields of IT, m- and e-commerce. In 2010, the company launched the first Russian NFC pilot project on railroad transport - a pilot zone of mobile NFC services at Aeroexpress. In 2012, the system of remote replenishment of the ’Podorozhnik’ transport card was launched in St. Petersburg. A number of the company’s IT solutions are used in control and monitoring systems of public transport rolling stock.

    Aidar Kaliev, head of VTB Capital’s venture business, said: ‘Currently, the markets of digital and mobile technology are experiencing stage of rapid growth. Breeze Technologies is combining NFC-based payment and mobile technologies, and is at a strategically important confluence of these two trends, actively developing alternative payment systems. This gives the project a special potential and unique competitive advantages. We as investors are interested in this project not only to gain investment income, but also to participate in creation of payment infrastructure of national scale which has a serious social impact. At the moment, the first implementation area of Breeze Technologies’ technological solution is public transport. "

    Ivan Kuznetsov, founder of Breeze Technologies Ltd, announced: ‘We are delighted to be supported and evaluated by VTB Capital’s venture business. Cooperation with VTB Capital opens new opportunities for Breeze Technologies. In addition to financial support, which makes further dynamic development possible, it is a serious reputational contribution due to partnership with the leading investment bank, a sign of trust and great responsibility for us. "

    For information: VTB Capital, the Investment Business of VTB Group, is one of the three strategic business divisions of VTB Group, along with the corporate and retail businesses. Since its foundation in 2008, VTB Capital has taken part in more than 470 ECM and DCM deals, which were instrumental in attracting more than USD 194bn worth of investments to Russia and CIS.

    to Russian and international clients, focusing on arranging operations in the debt, equity, global commodities markets, developing investment and asset management, advising clients on M&A and ECM deals in Russia and abroad. VTB Capital operates in Moscow, London, Singapore, Dubai, Hong Kong, Sofia, Kiev, New York, Paris, Vienna with headquarters in Moscow.

    VTB Capital holds top positions in the debt and equity capital markets, as well as M&A, in Russia, CIS and CEE according to the league tables for 2011-2013 by Dealogic, Bloomberg and Thomson Reuters.