About Oleg Boyko

Oleg Boyko, founder of Finstar Financial Group, is a successful international serial investor. Born in 1964, Oleg Boyko from an earlier age displayed a keen fascination with the financial sector. He began his career throughout the IT and finance sector whilst he was still students, and is credited for introducing the very first stores with credit card readers into Moscow in the 1990s.

Fast forward presenting day, and Oleg Boyko has a remarkably diversified portfolio having successfully committed to retail, property, entertainment and steel industries. He is once more focusing his attention on his first passion: financial services, investing heavily in fintech and data-driven technologies.

Early Beginnings for Oleg Boyko

Oleg Boyko, plus a team of professional executives, founded Finstar Financial Group in 1996, and the diversified investment company has grown substantially during the last 22 years, with an estimated $2bn+ in assets under management.

However it hasn't all been plain sailing for Oleg Boyko. He was hit hard by the financial crisis of 1998; Oleg Boyko suffered losses and disappeared from public life for a while. But he didn't stay reclusive for long.

Oleg Boyko Business Investor Activities

1999.Oleg Boyko returned triumphant in 1999, launching Evraz Holding Group with a small business partner, with which he proceeded to get up the assets of three struggling steel firms, subsequently forming one of many world's largest, vertically-integrated steel producers.oleg boyko biography

Oleg Boyko sold his 25% stake in Evraz Holding Group in 2004 according to media reports for approximately USD $600-700 million, ahead of the company listing on the London Stock Exchange, stating he was no more interested in purchasing the metal industry.

2002.One of Oleg Boyko's most lucrative investments was the purchase of the gambling company Vulkan, for USD $6m, in 2002. Ritzio Entertainment Group, that consolidated a network of slot machine halls and casinos under Vulcan trademark, expanded quickly across Russia before venturing internationally to become the largest gaming holding company in Eastern Europe, with an overall total annual revenue reported near USD $1 billion.

The organization grew exponentially until 2006, when President Vladimir Putin prohibited gambling across Russia. Today Ritzio is considered an insignificant part of Boyko's business and operates in 4 European countries.

2003.In 2003, Oleg Boyko, as an international investor, entered the banking realm when the businessman purchased a controlling stake in Latvian commercial bank, Baltic Trust Bank. He sold his 79% stake in bank to GE Capital, the banking and finance arm of General Electric, in 2006. That year Baltic Trust Bank was ranked number 13 among Latvia's 24 banks with regards to assets and had one of many largest branch networks, with 74 branches across Latvia.

2007.In 2007, private equity firm Finstar, under businessman Oleg Boyko, broke in to the cosmetics market when it bought up 75% of Rive Gauche and by 2012, when Oleg Boyko sold 51% of his stake (for approximately USD $200 million) to a consortium of investors, retaining the rest of the 24% of the company, Rive Gauche had become Russia's second largest cosmetics and perfume chain in Russia.

2012.Oleg Boyko committed to the Latvian consumer lending company 4finance, which currently offers online credit products to customers and SMEs across 17 countries. 4finance has since grown into a fintech giant and leader in European digital consumer finance. Boyko chooses to not disclose the amount of the investment and he doesn`t not hold any management or executive positions in the business while focusing on Finstar international activities.

2017 Oleg Boyko announced he was going to invest further $150 million into fintech startups and in-house R&D within portfolio companies. The initial phase of his global fintech investment plan has begun with a commitment to invest up to US$50 million in APAC`s consumer lending.