Barge haulers Denis

Biography

Denis Burlakov and his twin brother Kirill Burlakov are graduates of MGIMO.

After graduation, Denis Burlakov worked in foreign audit companies, was engaged in investment banking, then held senior positions at Rostelecom, Belgotanker and Bazel.

2007: Foundation of Front Line Capital Fund for Real Estate Investments in Dubai

In 2007, Denis and Kirill Burlakov founded the Front Line Capital investment fund, where they invested their own funds, and also attracted international investors to participate. The Fund invested in real estate in Dubai. Over five years, several large facilities were built - business-class hotels. In 2012, Front Line Capital successfully completed its work by implementing planned investment projects. After that, the Burlakov brothers decided to develop their own business.

2014: Purchase of RBK.money

In October 2013, Denis and Kirill Burlakov met Andrei Morozov, who at that time was the general director of RBK.money, with the management of RBC holding and ONEXIM Group Mikhail Prokhorov, who owned the company.

In November-December 2013, Denis and Kirill Burlakov decided to acquire a 74% stake in the payment service from RBC OJSC. In January 2014, a memorandum of intent was signed and Due Diligence of the project was held. In April 2014, the Burlakov brothers acquired 74% of the shares and received the right to participate in the development of the company's strategy without the right to interfere in operational activities. In July 2015, Denis and Kirill Burlakov acquired the remaining 26% of the shares.

In December 2015, Denis Burlakov headed RBK.money. He acted as the main visionary of the company, the initiator of a full-scale business update. The new management formed a strategy for the development of the company and developed a plan of anti-crisis actions to remove the payment service from the critical state and return the trust of customers. To resolve this conflict, Denis and Kirill Burlakov personally met and agreed to restructure the resulting debt with all foreign customers throughout 2016. Significant investments were required from businessmen 'own funds - about $5 million. As of December 31, 2017, all debts were repaid, as a result, 70% of disconnected customers were returned, the publication writes Lenta.ru.

In August 2018, the payment service RBK.money for the first time in its history broke even. At the same time, the payment service completed the introduction of a new technology platform and transferred all its customers to it. According to the results of 2019, the payment service RBK.money increased 10 times compared to 2015.

In 2020, under the leadership of Denis Burlakov, RBK.money introduced a new technological development to the market - the world's first payment processing, built on the basis of open software and distributed according to the Open Source Software model. In such a model, all source codes are fully open and available to any market participant for free. Using this solution, even a small fintech startup can quickly deploy a modern payment platform and provide services to customers without spending significant financial and technical resources on buying a proprietary solution or developing its own.

In September, the RBK.money opensors solution became the main payment system of the Rostelecom cyberpoligon, one of the most significant information security projects under the national Digital Economy program in 2020. In November, RBK.money provided its payment processing for the financial system of the cyber city of the largest international competition in the field of information and cybersecurity The Standoff. During the online battle, teams of hackers tried to hack into the systems of the virtual city. And the RBK.money solution successfully passed such a tough test - the company's processing became the only element of the financial infrastructure that hackers never managed to hack.

In December 2020, open payment processing RBK.money received an award for achievements in the development of the Russian Internet segment - "Runet Prize 2020" - in the nomination "Technologies and Innovations"^[1].

"The Internet is an open and free space, and our processing is the same independent and open technological solution. This is Linux in the world of payment operations, which has no analogues in the market of solutions with such functionality. For business today, castomization, fine-tuning is especially important, and open-source developments ON provide it. This is a truly independent infrastructure system, and we believe that the future of the payment industry is precisely for such technologies. We are glad that our opinion coincided with the opinion of the jury and Runet users, "said Denis Burlakov, head of RBK.money.

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