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REVO Technologies / Sorsdata
Offers a crowdsourced microcredit service for online consumers
About REVO Technologies / Sorsdata
REVO Technologies, a fintech company founded in 2012 by Irene Shvakman, operates in the "Buy Now Pay Later" (BNPL) sector. The company provides a service that allows customers to purchase goods and services and pay for them in installments over a short period of time, without any interest or fees.
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Irene Shvakman, an experienced entrepreneur with a background in finance and technology, founded the company with the vision of making purchases more accessible and convenient for consumers. Her journey began with the goal of creating a seamless payment experience, which led to the development of REVO's BNPL solution.
REVO Technologies primarily serves online and offline retailers, enabling them to offer flexible payment options to their customers. The business model is based on charging a commission to the merchants for each transaction processed through their platform. This approach allows retailers to increase their sales and customer loyalty, while consumers benefit from the convenience of deferred payments.
In 2016, Sorsdata was founded as a sister company to REVO. Sorsdata is a data analytics firm that supports REVO's operations by providing advanced risk management and credit scoring capabilities. This synergy allows REVO to make informed decisions about credit approvals and minimize potential losses.
The company operates in Russia and has expanded its services to several countries in Central and Eastern Europe, including Poland and Romania. REVO has established itself as a significant player in the BNPL market, competing with other fintech companies offering similar services.
Latest news
Press, funding announcements and product moves mentioning REVO Technologies / Sorsdata.
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| EARLY VC✓Equity / VC | Feb 2017 | $20M | $80M | Vostok Emerging Finance · Baring Vostok Capital Partners | ↗ |
| EARLY VC✓Equity / VC | Sep 2015 | $2.4M | $9.7M | Vostok Emerging Finance | ↗ |
Growth signals
Latest recorded traffic for REVO Technologies / Sorsdata is 2.9K monthly website visits, up 1218.2% over the last three months. REVO Technologies / Sorsdata's team declined 11.8% over the past year.
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A2 investors entered at this stage
Vostok Emerging Finance
Baring Vostok Capital Partners
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
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