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The 2016 Fintech Finance 35: Vladislav Solodkiy

< Fintech's Most Powerful Dealmakers of 201625. Vladislav SolodkiyManaging PartnerLife.SREDALast year: 25

Venture capital firm Life.SREDA started out in 2012 as part of Moscow’s LIFE Financial Group, where Vladislav Solodkiy was vice president of marketing. He raised two funds totaling $140 million and invested early in digital banks like Fidor, Moven, and Simple. The $117 million acquisition of Portland, Oregon–based Simple by Banco Bilbao Vizcaya Argentaria in 2014 was a landmark in fintech and a decision point for Solodkiy. Because his Moscow base made it difficult for him to be in close touch with burgeoning centers of innovation, particularly in Asia, he moved Life.SREDA to Singapore in May 2015. He notes that while global fintech investments hit record highs of $21 billion in 2015 and $12.7 billion in the first half of 2016, “Asia became No. 1,” ahead of the U.S. and Europe. Although much of the Asian money is flowing from China, which Solodkiy says poses “a challenge to Japan, South Korea, and Singapore” in growing their ecosystems, he is doing his part to boost the numbers. Over the past year Life.SREDA has invested in six companies, including Philippines-based Ayannah Information Solutions, a digital commerce and payments service targeted to the unbanked, and Singapore’s Fastacash, a payment system for social and messaging networks. The 33-year-old Solodkiy, who churns out semiannual “Money of the Future” research reports that run to hundreds of pages, is pushing other levers. Envisioning modernized banking infrastructures based on open architectures and application programming interfaces, Solodkiy is promoting a concept he calls bank-as-a-service (BaaS), a platform on which incumbents and upstarts can collaborate, innovate and operate efficiently at scale, even overcoming cross-border regulatory complications. “Asia has a unique opportunity to surprise the world through creation of the first full-stack fintech bank,” he says. Meanwhile, Solodkiy has assumed the role of “partner-visionary” in the €100 million ($110 million) Banking on Blockchain Fund announced in April by digital banking veterans David Brear, Simon Taylor, and others associated with recently formed London consulting firm Eleven FS Group. “Blockchain will play a crucial role for fintech development in underbanked countries,” Solodkiy predicts.


 The 2016 Fintech Finance 35 Click below to view profiles
1. Jonathan KorngoldGeneral Atlantic2. Matthew HarrisBain Capital Ventures3. Jane GladstoneEvercore Partners4. James Robinson III & James
Robinson IV
RRE Ventures5. Steven McLaughlinFinancial Technology Partners6. Amy Nauiokas & Sean ParkAnthemis Group
7. Richard Garman &
Brad Bernstein
FTV Capital8. Gerard
von Dohlen
Broadhaven Capital Partners9. Darren CohenGoldman Sachs Group10. Hans MorrisNyca Partners11. Meyer (Micky) MalkaRibbit Capital12. Maria GotschPartnership Fund for New York City
13. Barry SilbertDigital Currency Group14. Jay ReinemannPropel Venture Partners15. Mariano BelinkySantander InnoVentures16. Justin Brownhill & Neil DeSenaSenaHill Partners17. François RobinetAXA Strategic Ventures18. Vanessa ColellaCiti Ventures
19. Michael SchleinAccion International20. Kenneth MarlinMarlin & Associates21. Rumi MoralesCME Ventures22. Alastair (Alex) RampellAndreessen Horowitz23. Steve GibsonEuclid Opportunities24. Fabian VandenreydtSWIFT
25. Vladislav SolodkiyLife.SREDA26. Gardiner Garrard IIITTV Capital27. Nektarios LioliosStartupbootcamp Fintech28. Lawrence WintermeyerInnovate Finance29. Bina KalolaBank of America Merrill Lynch30. Hyder JaffreyFintech Innovation
31. Calvin ChoiAMTD Group32. Janos BarberisFinTech
Hong Kong33. Jalak JobanputraFuture Perfect Ventures34. Sopnendu MohantyMonetary Authority of Singapore35. Oskar Mielczarek
de la Miel
Rakuten
FinTech Fund