Ripple Investor & Dir SBI invest in #1 Russia On-Line Payments Co & Upgrades Bank Status in Cambodia

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Published Apr 2, 2020

Russia's largest payment service provider QIWI Develops fintech platform business as a subsidiary of Q-Platform
A Basic Agreement Concerning Investment in was made on April 1, 2020 by
SBI Holdings, Inc.

　SBI Ven (Holdings), a Singapore subsidiary of the Company (Headquarters: Minato-ku, Tokyo; President and CEO: Yoshitaka Kitao). (Headquarters: Singapore) is QIWI, Russia's largest payment service provider. QIWI (Kiwi)-(-) Platform (Platform) LLC, a subsidiary of PLC (Headquarters: Cyprus; Representative: Boris Kim; hereinafter referred to as "QIWI"), which develops fintech platform business in Russia (Headquarters: Republic of Tatarstan, Russia) We have announced that we have signed a basic agreement on investment in the Special Economic Zone Inopolis, CEO: Maxim Abidiev (hereinafter, “Q-Platform”).

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