Qiwi, which is named after the Kiwi bird, will invest up to $1m in each start-up.
Qiwi, a Russia-based operator of cash payment terminals and electronic wallets, reportedly intends to invest in start-ups that could help the group develop its own offers. This article was written by our syndication partners for Russia at East-West Digital News.
Qiwi Venture will stand as a branch of the company, not a separate investment vehicle, Qiwi’s press relations director, Anna Vysochkina, said in an interview with East-West Digital News.
“We’ll pay no attention to where the startup is from or…
