NETE running hard; up 54% @ 4.90
Net Element is a technology-driven group specializing in mobile payments and value-added transactional services that add convenience to mobile phone users’ lives and everyday commerce. The company’s innovations enable consumers to conduct commerce transactions from their mobile device, while online and offline payment capabilities allow merchants to reliably transact business anywhere and anyhow.
The company owns and operates TOT Group, Inc., a global mobile payments and transaction processing provider. TOT Group companies include Unified Payments, which was recognized by Inc. Magazine as the No. 1 fastest growing private company in America in 2012; Aptito, a next-gen cloud-based point of sale (“POS”) payments platform; and TOT Money, a mobile billing solutions provider and Russia’s top-ranked SMS content provider, according to Beeline, the country’s second largest telecommunications operator.
Net Element has headquarters in Miami, Florida, with international presence in selected emerging markets. Utilizing its global development centers and high-level business relationships, Net Element has positioned itself for continued growth in the mobile commerce and alternative payments environments.
Key Investment Highlights
• Using proprietary technology to transform global mobile, online and offline commerce
• Management team with extensive backgrounds in technology, payment processing, finance and marketing
• Recently expanded board of directors contributes strong, additional guidance to company initiatives
• Subsidiary portfolio of industry leading, top-ranked companies contributing to overall growth
• Resilient business with strong recurring revenue, diversified customer base and good visibility
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