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2can replace CEO to merge with competitor

Mobile payment service 2can will have a new CEO. Moreover, 2can is planning to merge with a competing Russian service. This was announced by the former CEO and project founder Nikolai Zhmurenko:
Friends, today I transfer the operational management of 2can (CJSC Smartfin) to the new CEO. Since Thursday, the project will be headed by the investment director of InVenture Partners Pavel Glushenkov (Pavel Glushenkov).

For three years, the 2can team managed to build the best Russian mPOS-start-up from scratch, to achieve good growth rates for the difficult Russian fintech market, noticeably ahead of the competition. In 2012, several dozen different teams set a goal to make a Russian copy of Square. To date, only four projects are actually working in the Russian market of mobile acquiring. 2can is the largest of them, occupying more than 40% of the four acquiring turnover.

In 2014, the acquiring turnover of the project increased by 8.5 times compared to 2013 and reached 1.07 billion rubles, 2can - the only one among Russian MPOS-startups in 2014, the level reached 1 billion rubles. turnover. Now 2can already reached a turnover of 2.2 billion rubles. in terms of a year and continues to grow steadily.
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Pavel Glushenkov has to continue and accelerate the development of the project due to organic growth, expansion of the product range, implementation of the M & A process launched.

2can was launched in 2012. Today, the service has only 3 competitors in the Russian market: Pay-Me , LifePay and iBox (the latter two are part of the Life.Sreda fund portfolio ). The representative of the Life.Sreda Foundation, Anna Yanchevskaya, argues that there can be no talk about merging with LifePay. For the rest of the services, nothing is known yet. In the company 2can also did not specify the information, citing the fact that the transaction is not yet closed, reports Roem.ru.

In 2can, Zhmurenko and InVenture Partners have equal shares. Almaz Capital and the group of companies ESN Grigori Berezkin share smaller.

Plans to merge with a competitor are one of the reasons for changing the CEO. Zhmurenko believes that the united company should be headed by a person who is not the founder of any of them.

The former CEO also noted that he would periodically participate in the company's affairs while on the board of directors.

Source: https://habr.com/ru/post/290330/


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