IntellectMoney

IntellectMoney - offers payment solutions for the e-commerce market. The startup was founded in 2009, it went through the Synergy Corporation business accelerator and reached the NPS (consumer loyalty index) of 77%. The company has implemented many financial and payment projects, including a network of payment terminals under its own brand, P2P transfers, multi-accounting, recurring payments, support for Union Pay, Google Pay and Apple Pay (by September 2022).

History

2022: Qiwi acquires IntellectMoney

On September 20, 2022, the sale of IntellectMoney to Qiwi was announced. The financial terms of the agreement were not disclosed. Qiwi believes that this deal will help the company expand its presence in the B2B market and strengthen its client service.

According to Andrey Protopopov, CEO of Qiwi Group, over the past two years, the group and IntellectMoney have developed an acquiring service as partners.

IntellectMoney sale to group announced Qiwi. Financial terms of the agreement are not disclosed

{{quote "Buying a company will allow us to offer the market even more prompt connection and support of customers. The company's technological expertise will be an important resource for scaling our payment business in the SME segment, he said, adding that the development of the payment b2b business is one of Qiwi's key priorities. }} At the same time, the IntellectMoney brand will continue to develop as a separate one within the Qiwi group - the changes will not affect its customers and partners, the Qiwi press service noted. At the same time, the acquisition of the integrator's technological system will make the service more convenient and faster, and connecting SME clients to Internet acquiring will take no more than an hour, they added.

Rishat Abbazov, Director for the Development of Internet Acquiring and Alternative Payment Methods Qiwi, became the CEO of IntellectMoney within the group's contour.^[1]

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