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Net Element, Inc. (NETE)

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Last Post: 12/5/2016 11:01:09 AM - Followers: 105 - Board type: Free - Posts Today: 0

Net Element is a global technology company delivering a range of electronic payment solutions that enable merchants of all sizes to process transactions through various integrated platforms. Ranked as one of South Florida Business Journal's Top 25 Fastest-Growing Technology Companies, Net Element bases its products around a set of innovations that enables it to compete in select, competitive market segments.

The Florida-based company owns and operates a global mobile payments and transactional processing provider TOT Group, Inc., parent company to: Unified Payments, which was recognized by Inc. Magazine as the #1 Fastest Growing Company in America in 2012; Aptito, a next generation cloud-based point-of-sale ("POS") payments platform; Restoactive, a seamless digital add-ons for legacy POS systems; Digital Provider, a leading provider of SMS messaging and mobile billing solutions; and Payonline, a fully integrated processor agnostic electronic commerce platform.

Revenues are primarily driven by transaction fees, and the company continues to see increased acceptance and adoption of its mobile and online payments. In 2015 alone, the company processed 51.2 million bankcard transactions in North America. The same year, Net Element processed 90 million transactions in CIS and the Russian Federation in 2015, as well as 19.5 million mobile transactions in emerging markets.

Net Element's domestic strategy is to grow transactional revenue through the innovation of SME productivity services such as its signature POS solution, Aptito. The broader North America market strategy is to expand distribution while exploring new products, services, and value-added offerings.

Internationally, Net Element's strategy is to leverage its omni-channel platform to deliver flexible offerings to emerging markets with diverse banking, regulatory and demographic conditions. With a growing physical presence in Central Asia, Net Element has a portfolio of international clients that includes Nokia, Samsonite, Papa Johns, Microsoft, Norton by Symantec, Alawar Entertainment and many others.

Laying the groundwork for sustained growth, Net Element continues to focus on improvement and investments in its core technology and new product offerings. The company allocates its resources, along with the extensive experience of its management team, to foster growth in payment processing and the worldwide mobile payment industry, which is forecast to surpass $1 trillion in 2019.


Investment Highlights

  • Innovative solutions that support a range of applications within one robust platform
    Disruptive product offerings that create new market value for merchants and the payments ecosystem
    Aggressive sales strategy achieves quick results through aggressive, innovative sales incentives
    Focused on emerging markets with a growing preference for innovative mobile technology
    Strategic payment-as-a-service model enables the development of innovative technologies and acquisition opportunities



Net Element's mission is to power global commerce and allow each client to conduct business globally. The company believes that understanding the consumer behavior and the needs of its merchant-clients is the most effective and profitable means to accomplish this mission. The vision is to set the standard for omni-channel payments acceptance and value-added service offerings with focus on the creation of a unified global transaction acceptance ecosystem. To enforce this mission, the company provides a number of services to fit any merchant's needs.

Accept payments anytime, anywhere. Net Element's Mobile Payments app is available for most devices.

Cloud-based solutions that are built to increase productivity and enhance revenue for the company's clients and partners.

From product reviews and recommendation engines to wish lists and product comparisons, Net Element turns lookers into buyers.

Easily monitor your business metrics, engage with customers, and compare your business to competitors - all in one dashboard.



Net Element's TOT Group, Inc. is a multinational mobile payments and transaction processing holding company providing a range of flexible online and offline payment solutions to mobile operators, content providers and merchants. TOT Group delivers comprehensive, end-to-end payment solutions to enable merchants to reliably accept cashless transactions at the point of sale ("POS"). From processing of electronic payments at the POS to processing mobile commerce transactions and managing merchant terminals to providing information management services, TOT Group's innovative solutions allow merchants to streamline their payments resources.

TOT Group Companies

Unified Payments

Unified Payments is one of the leading providers of bankcard payment processing services and value-add solutions in the United States. The company enables small- and medium-size merchants to accept cashless transactions for their merchandise and services by providing point-of-sale equipment, transaction processing, merchant business analytics, risk management, fraud detection, 24 hours / 7 days a week merchant assistance, support and chargeback management services.

  • Award-winning payment solutions
    Rated the fastest growing company in America (2012, Inc. 500 Magazine)
    Creating value for customers
    Customized payment acceptance solutions for small-to-medium sized businesses

Digital Provider

With Digital Provider, customers have the ability to charge their purchases directly to their mobile bill using only their mobile number. No credit cards or bank account information are needed. Digital Provider's global mobile billing solutions enable merchants to target millions of mobile and web users around the world.

  • One-click payment with real-time transaction confirmation
    Single interface to various mobile operators
    Support for one-time, subscription and recurring billing
    Multi-channel support: P-SMS, WAP, Phone, Web


Aptito is a next-generation, cloud-based POS restaurant system presented that brings the online consumer experience into the offline business world. Aptito's state-of-the-art tools are designed to increase sales, productivity and customer retention. As an all-in-one restaurant POS solution, Aptito offers the most complete package of features to bring an establishment into the digital age. The company's digital menus presented on the iPad are easy to customize and seamlessly integrate with its full-featured POS system and iPhone app.

  • Visual POS system includes everything needed to streamline operations
    Upgraded version offers new features and enhanced usability on iPad and iPhone
    Mobile ordering capabilities allow customers do order directly from their mobile device
    Digital menus enable the customer to order and pay directly from the menu, as well as contact wait staff or recommend dishes via social media


Payonline's flexible, high-tech payment solutions are for companies doing business on the Internet. Specialized in the integration and customization of payment solutions for websites and mobile apps, Payonline can arrange payments on the website of any commercial organization to increase the convenience and achieve the highest possible percent of successful transactions. The company's services are used by more than 3,000 companies around the world. Payonline offices are located in Russia and in the Republic of Cyprus.

  • Modern payment technologies: person-to-person, one-click, recurrent payments
    Geographic footprint includes Europe, Russia, Central Asia, United States and Canada
    Technologies for m-commerce: SDK for Android, iOS, Windows apps
    Accepting payments via credit cards, MasterPass and popular e-wallets


Restroactive offers easy-to-use mobile menus and kiosks that allow restaurant owners and/or managers the ability to redefine the restaurant without interrupting or changing the way business is conducted. Users can seamlessly add on to existing legacy POS system and increase their bottom line with more sales, faster table turnover, improved menu management and reduced labor costs.

  • Increases order size by an average of 20%
    Improved menu management offers easy sorting and categorizing options
    Instant menu updates eliminates the need to reprint menus
    Empowers staff and guests, creating an enjoyable experience for all users


Growth Strategy

Net Element approaches payments from a wide, holistic and global view of commerce. The company's objective is to become a leader in mobile payments and value-added transactional services in emerging global markets by offering the ability to pay anywhere using mobile, online or traditional card present methods.

Net Element has defined specific marketing strategies to fuel continued growth in North America and emerging international markets.

In North America

  • Expanding distribution
    New products and services
    Focus on value-added offerings
    Technology leverage
    Geographic expansion

Target Emerging Market Strategy

  • Emerging markets
    Expanding distribution
    New products and services
    Market penetration
    Operating leverage


Sales and Marketing Strategy


International Client Base

According to Forbes, 20% of leading e-commerce merchants in CIS use Net Element's PayOnline platform to accept payment transactions in Russia, Europe and Asia. The company's growing portfolio of international clients includes:


Market Performance

CIS and Russian Federation (mobile payments)

  • Processed 90 million mobile transactions in 2015, up 105% YoY
    Over 3 million recurring mobile payments users
    Over 100 content providers use our services
    Ranked as #1 SMS content provider in Russia
    Average subscription annual billings ~$12 per user
    Mobile payment users increased by 300% YoY

North America (Canada and the U.S.)

  • Processed 51.2 million bankcard transactions in 2015, up 45% YoY
    Over 10,000 SMB merchants
    Processed over $1 billion transactions in 2015
    Avg. annual revenue $1,800 per merchant
    Average upfront cost per acquisition $228
    Increased revenue per merchant for value added services $240 per annum

Emerging Markets (online payments)

  • Processed 19.5 million mobile transactions in 2015, up 36% YoY
    Over 11 million online payments users
    Over 3,000 merchants in CIS, EU and Asia
    Ranked as #1 IPSP in Russia with 30% market share
    According to Forbes, 20% of leading online merchants in
    Russia are clients of PayOnline
    Approximately 40% of revenue is EUR / USD



Net Element operates under the leadership of a seasoned management team with a proven track record of scaling businesses and delivering shareholder value. The team has collective experience in the necessary workings of new product launches, including brand development and market penetration, which powers the company's relentless focus on value creation and growth.

Oleg Firer - Chief Executive Officer and Director

Oleg Firer is responsible for the overall vision, strategy and execution of company's mission of powering global commerce. Before taking on his current position, Firer served as executive chairman of Unified Payments and has led the company from its inception until its acquisition by TOT Group in April of 2013. Under his leadership, Unified Payments' revenues grew by 23,646% over a 3-year period and the company was ranked as the No. 1 fastest-growing company by Inc. Magazine in 2012. Prior to Unified Payments, Firer held senior executive positions in private equity, payment processing, wireless communications and technology companies. Firer was recognized by Forbes as one of the 5 Incredible Enterpreneurs and by Business Leader Magazine as a Top Enterpreneur in South Florida, named by Poder Magazine as one of the Most Influential People in Miami, and also recognized by Inc. Magazine as the founder of the fastest-growing private company in 2012. Firer serves as a board member of Net Element, TOT Group's parent company and a member of the Electronic Transactions Association (ETA) Mobile Payments, ISO Practices and Risk, Fraud & Security committees. Firer supports the initiatives of the Firer Family Charitable Foundation, a charitable family fund focused on helping families and children in need.

Jonathan New - Chief Financial Officer

Jonathan New has been CFO of the company since October 2, 2012. From 2001 to 2003, New was COO of Ener1, Inc. From 2004 until it was sold in 2006, New owned and operated Wholesale Salon Furniture, which imported and distributed salon equipment. Thereafter, until joining Net Element, Inc., New provided services to public companies on a variety of corporate accounting, reporting and audit related issues. Prior to joining Ener1, Inc. in 2001, he held controller and chief financial officer positions with companies including Häagen-Dazs, Virtacon (a web development company), RAI Credit Corporation and Prudential of Florida. New obtained his BS in Accounting from Florida State University and began his career with Accenture. He is a member of the Florida Institute of Certified Public Accountants and the American Institute of Certified Public Accountants.

Steven Wolberg - Chief Legal Officer and Secretary

Steven Wolberg has been chief legal officer and secretary of Net Element since April 16, 2013. Prior to this he served in various capacities with Acies Corporation, where at varying times he was a consultant, director, and chief strategy officer. Since 1997 Wolberg has operated a solo law practice in Newton, Massachusetts. He has also served as chief counsel and vice president of corporate development for Mascot Networks in Cambridge, Massachusetts; president of Oakland Properties, Inc., a real estate development company; as an attorney in the real estate and corporate divisions of Brown and Rudnick in Boston; a partner with the law firm of Jordaan and Wolberg in Johannesburg, South Africa; and as an attorney with Goodman and North in Johannesburg. Wolberg also currently owns and serves as the managing member of Prime Portfolios, LLC, which holds a private investment portfolio of payment processing companies. Wolberg received his Bachelor of Arts from the University of Witwatersrand in Johannesburg, South Africa, his Bachelors of Laws from the University of Witwatersrand, in Johannesburg, South Africa, and his Juris Doctorate from the New England School of Law in Boston, Massachusetts. He is a member of the Massachusetts Bar Association.

Dmitrijus Apockinas - Chief Operations Officer

Dmitrijus Apockinas joined Net Element in April 2014 as president of Global Operations of TOT Group Europe Ltd (United Kingdom); he was appointed as chief operations officer of Net Element, a role to which he brings over 20 years of experience in the financial services industry, business and management consultancy. During his 11 years in banking sector, he has served as a top executive, vice-president, CEO and board member of three different banks and two mutual fund management companies. In 2011-2014, Apockinas, as a managing partner of the consultancy firm, accumulated vast knowledge of alternative payment systems, micro-finance and IT technologies sectors. Apockinas obtained his Bachelor of Science in Banking and Finance from the Institute of Modern Business in Moscow, Russia, and was awarded an MBA degree from the University of Warwick, Coventry, United Kingdom.


Net Element
3363 NE 163rd St., Suite 705 
North Miami Beach, FL 33160 
Phone: 305-507-8808



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Current Price
Bid Ask Day's Range
NETE News: Net Element's PayOnline Launches Payment Processing in Azerbaijan; Signs Leading Online Travel Agency 12/05/2016 09:10:20 AM
NETE News: Net Element Partners with Conformance Technologies 11/29/2016 08:52:03 AM
NETE News: Net Element Partners with Mashreqbank in United Arab Emirates 11/22/2016 09:02:45 AM
NETE News: Net Element Reports Third Quarter and Nine Months Ended September 30, 2016 Results 11/14/2016 10:10:30 AM
NETE News: Current Report Filing (8-k) 11/14/2016 08:57:15 AM
#4882   NETE Subsidiary PayOnline Enters Azerbaijan through Agreements with NetworkNewsWire 12/05/16 11:01:09 AM
#4881   NETE Aims for the Millennial Generation and Beyond NetworkNewsWire 11/30/16 09:19:39 AM
#4880   NETE Selects Conformance Technologies as Preferred Provider for NetworkNewsWire 11/29/16 10:42:10 AM
#4879   Hopefully its building a base right here for PennyStockTrader2 11/29/16 01:37:19 AM
#4878   NETE Has Its Fingers in Many Online & NetworkNewsWire 11/23/16 09:17:15 AM
#4877   NETE Announces Partnership with Oldest Bank in the NetworkNewsWire 11/22/16 10:18:48 AM
#4876   For me this company is one of the javier1973 11/19/16 03:17:32 AM
#4875   Well I forced myself to find some cash PennyStockTrader2 11/18/16 12:07:57 PM
#4874   She's been peddling this stock for years and PennyStockTrader2 11/16/16 09:35:46 PM
#4873   NETE Evaluated in Zacks Small-Cap Research Report NetworkNewsWire 11/16/16 12:34:04 PM
#4872   Per your Voodoo doll, Jobu? dweeb79 11/15/16 02:43:52 PM
#4871   They will be taken private soon, per my source. goTtogetit 11/15/16 10:35:09 AM
#4870   NETE – Understanding the Importance of Business Intelligence NetworkNewsWire 11/15/16 09:30:07 AM
#4869   It was a disaster javier1973 11/15/16 08:14:24 AM
#4868   Net Element, Inc. (NETE) overlordpeter 11/15/16 06:19:25 AM
#4867   Net Element, Inc. (NETE) overlordpeter 11/15/16 06:13:49 AM
#4866   Woah, rough day. :( dweeb79 11/14/16 04:52:03 PM
#4865   But a great disaster -15% javier1973 11/14/16 02:04:00 PM
#4864   NETE Reports 55% YOY Increase in Net Revenues NetworkNewsWire 11/14/16 01:46:27 PM
#4863   Then bad news javier1973 11/14/16 09:22:42 AM
#4862   And go down javier1973 11/14/16 08:55:48 AM
#4861   New news javier1973 11/14/16 08:55:24 AM
#4860   Where's the run? Break free little guy, Q3 dweeb79 11/10/16 01:09:49 PM
#4859   NETE Staying Up-To-Date with Point-of-Sale Industry Trends NetworkNewsWire 11/09/16 10:07:11 AM
#4858   NETE Announces Launch of Unified Payments Gift Card Application NetworkNewsWire 11/08/16 10:29:52 AM
#4857   Nete stock There are strong support levels but overlordpeter 11/08/16 08:32:08 AM
#4856   I continue to be bullish at these levels PennyStockTrader2 11/07/16 10:44:06 PM
#4855   Correct but solid support levels overlordpeter 11/05/16 07:38:44 AM
#4854   No way yesterday javier1973 11/05/16 04:46:04 AM
#4853   Could get a small spike today overlordpeter 11/04/16 09:15:43 AM
#4852   Today?. javier1973 11/04/16 09:14:53 AM
#4851   Net Element, Inc. (NETE) overlordpeter 11/04/16 06:25:40 AM
#4850   Earnings announcement* for NETE: Nov 15, 2016 overlordpeter 11/04/16 06:23:07 AM
#4849   I would say before November 10 overlordpeter 11/03/16 09:01:44 AM
#4848   I hope so but when???? javier1973 11/03/16 08:49:02 AM
#4847   Nete Stock we should see a rally in overlordpeter 11/03/16 08:26:24 AM
#4846   Net Element, Inc. (NETE) overlordpeter 11/03/16 06:20:05 AM
#4845   NETE Offering Reliable High-tech Payment Solutions to Worldwide NetworkNewsWire 11/02/16 02:57:57 PM
#4844   Momentum Net Element, Inc. (NETE) overlordpeter 11/02/16 06:23:32 AM
#4843   Net Element, Inc. (NETE) overlordpeter 11/01/16 06:02:04 AM
#4842   Net Element, Inc. (NETE) overlordpeter 11/01/16 06:00:02 AM
#4841   Net Element, Inc. (NETE) 1. Covenants of Parties: overlordpeter 11/01/16 05:58:10 AM
#4840   Net Element (NETE) Enters Settlement Agreement with Maglenta, overlordpeter 11/01/16 05:52:06 AM
#4839   $NETE 3 Months Chart http://www.stockscores.c $Pistol Pete$ 10/31/16 01:15:52 PM
#4838   $NETE This will surely expand to India soon overlordpeter 10/31/16 06:27:20 AM
#4837   Net Element, Inc. (NETE) overlordpeter 10/31/16 06:24:22 AM
#4836   NETE – Embracing Innovation and Differentiation in the MissionIR 10/28/16 09:11:18 AM
#4835   Net Element, Inc. (NETE) overlordpeter 10/28/16 06:26:36 AM
#4834   CEO of NETE Subsidiary PayOnline Selected to Lead MissionIR 10/27/16 10:06:54 AM
#4833   Net Element, Inc. (NETE) overlordpeter 10/27/16 06:27:31 AM