Today we published an exclusive interview with
Net Element, Inc. Chief Executive Officer Oleg Firer. The full audio interview
is available http://nete.missionir.com/nete/interview.html.
Net Element is a technology-driven group
specializing in mobile payments and value-added transactional services to
small-sized and medium-sized businesses in emerging countries and the United
States. The company’s innovations enable consumers to conduct commerce
transactions from their mobile device, while online and offline payment
capabilities allow merchants to reliably transact business anywhere and anyhow.
Leadership is invaluable to any company’s
success, and Net Element CEO Firer leads the company with 12 years of
experience in the payments business backed by expertise in M&A and
payments-based technology. He is also the founder of Unified Payments, which in
2012 was ranked the No. 1 fastest growing company by Inc. 500 Magazine.
In the interview, Firer further details his
background, the experience of his supporting management team, as well as his
outlook for the mobile payments industry.
“It is evident there is already a huge shift
from cash transactions to alternative payment methods; I am a firm believer in
the growth opportunities in this industry. The market is huge — it’s a
multi-billion dollar market today, and I believe it’s growing rapidly … over 60
million potential iPhone 6 and iPhone 6 Plus users will be able to transact in
mobile commerce in the near future using newly introduced Apple Pay service,”
he said.
Competing in a market of this caliber requires
forethought and strategy, and if Net Element’s milestones for 2014 are
telltale, the company has a clearly defined path toward success. Among those
achievements, Net Element secured several multi-million dollar financings; most
recently, the company completed a $16 million debt exchange transaction;
divested non-core assets; sharpened its focus on transactional mobile payments;
and achieved an impressive debt-free status.
Moving forward, Net Element aims to maintain
its momentum for accelerated growth.
“The goals for the company are to grow
revenues substantially, to turn profitable and to have sustained profitability
on a go-forward basis. The sky is the limit from here. We are looking to make a
strong foothold in this industry,” said Firer.
Wrapping up the interview, Firer discusses key
company partnerships that support Net Element’s next stage of expansion
particularly in Russia and the Commonwealth of the Independent States, which
included the most recent financing of $11 million from Alfa-Bank, Russia’s
largest private bank.
“We’re very proud of our new partners that
believe in the company and put their money where their mouth is. It’s really
encouraging for us and we are confident that the company will achieve its
goals,” he concluded.
For more information, visit www.netelement.com
About
MissionIR
MissionIR is committed to connecting the investment community with companies that have great potential and a strong dedication to building shareholder value. We know our reputation is based on the integrity of our clients and go to great lengths to ensure the companies represented adhere to sound business practices.
Sign up for “The Mission Report” at www.MissionIR.com
Please see disclaimer on the MissionIR website http://www.missionir.com/disclaimer.html
MissionIR is committed to connecting the investment community with companies that have great potential and a strong dedication to building shareholder value. We know our reputation is based on the integrity of our clients and go to great lengths to ensure the companies represented adhere to sound business practices.
Sign up for “The Mission Report” at www.MissionIR.com
Please see disclaimer on the MissionIR website http://www.missionir.com/disclaimer.html