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Ann: Company appointment of new Chairman, page-92

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Yoda2503

883 Posts.

113

22/03/18

17:04

Post #: 31957342
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Originally posted by BeerBaron ↑

Interesting. One of Mr Jordan's roles is as Chairman of the Board of 4finance. This is the supervisory board of Finstar Financial Group. Prior to that he was CEO of Finstar from October 2015 to October 2017. A little bit about Finstar:

"Finstar is an international private equity firm operating in Europe, the US, Asia, Latin America and the CIS. Finstar is strongly focused on fintech, but historically it has been highly successful in the financial services, IT, FMCG retail, media, and real estate sectors.

The Group has 20 years of operational experience launching new projects in developing markets, restructuring existing companies to become more competitive, as well as sealing new partnerships and M&A agreements, and building greenfield start-ups.

Finstar’s philosophy of partnership brings strategic value and insight to private equity and venture capital early-stage and growth investments, allowing its companies to succeed in complex developing markets, while raising their investment prospects

Finstar is currently focused on leveraging this expertise in the fintech sector, where changes in consumer behavior, advances in cloud-based technology, the growing power and availability of mobile devices, and the emergence of data science are challenging traditional financial institutions as never before, while opening new whitespace for emerging players to serve the near 2.5 billion people in the world categorized as underbanked or financially underserved."

It would not surprise me that Finstar will take an active interest in BIG. The above quote seems to match BIG's current situation rather well. They seem to be experienced in the tech sector and are looking for opportunities to expand. Some mentioned that they would like Mr Jordan to be more experienced in the tech sector; well I think his links to the above company might meet those requirements.

More about Finstar's focus and their recent announcements:

"Spotcap named “Direct Lending Platform of the Year” at AltFi 2017 Awards--Spotcap, a leading provider of online credit and business loans to SMEs, and one of Finstar’s core European investments, was awarded “Direct Lending Platform of the Year” at the AltFi 2017 Awards." (more at this link)

"Mint Asia: Finstar invests $50 mn in lending platform DFI--International private equity firm Finstar Financial Group (Finstar) has backed a 50 million investment in Digital Finance International (DFI), a digital lending solution developer, to help the latter expand its presence in the Asia Pacific (APAC)... Additionally, Finstar plans to add to its fintech portfolio via a commitment of 150 million to the financial technology space over the next five years, it said in a statement on 13 December." (more at this link)

"Deal Street Asia: Finstar backs DFI in $50m investment, to deploy $150m into fintech" (more at this link)

Just the facts, please

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I think this is where the issue is.......if you google oleg boyko who is the founder of finstar you will get an idea why some people don't think this is called cleaning things up

BIG Price at posting: $2.22 Sentiment: None Disclosure: Not Held
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0 Great analysis

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