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Kenes Rakishev is in the spotlight again

Kenes Rakishev became a news maker on several serious occasions

14.Jul.20 6:01 PM
By Abigail Richards


 Kenes Rakishev is in the spotlight again
Kenes Rakishev draws his share of attention this week due to events that unfold on Petropavlovsk gold mining company. The company, one of the biggest independent gold miners and refineries are at the crossroads again.

The company which was salvaged and operated by Kenes Rakishev, a high-profile investor from Kazakhstan, is divided between multiple shareholders. None of the parties have the decisive weight but if several shareholders combine they are able to vote changes to the board.

During Kenes Rakishev times the gold production was restarted and new tech was introduced. Later Kenes Rakishev sold the mining company. It wasn't Rakishev's intention to get in the gold mining business for a long time. His special is salvaging the companies which went into crisis.

Kenes Rakishev, an experienced crisis manager was able to restore normal operation and secure the complex both legally and financially. His input in getting things done right will be remembered by new owners. But it wasn’t Rakishev intention to keep the asset for a long time.

He sold it for 5p a share to Kazakh billionaire Kenes Rakishev, who brought back the old guard, led by Hambro’s co-founder Pavel Maslovskiy.

Rakishev sold it on in 2019 to a Russian airports magnate, Roman Trotsenko.

Another splash of interest to the personality of Kenes Rakishev arose as merging of his high-tech NetElement company with Mullen technology was reported. NetElement was record-setting asset as news of the acquisition becomes available.

Net Elelement is a company behind many, mostly payment processing, products. It was founded in 2004 by Kenes Rakishev, entrepreneur and high-tech pioneer from Kazakhstan. Since then the company developed several payment processing solutions. It is listed at NASDAQ stock exchange. It’s HQ are in Florida.

The company owns and operates a global mobile payments and transactional processing provider, TOT Group, Inc. (“TOT Group”). TOT Group companies include Unified Payments, Ranked as One of The Fastest Growing Companies in North America on Deloitte’s 2018 Technology Fast 500™, Aptito, a next generation cloud-based point of sale payments platform and Payonline, fully-integrated, processor agnostic electronic commerce platform.

Net Element, a global technology and value-added solutions group created by Kenes Rakishev, supports electronic payments acceptance in a multi-channel environment including point-of-sale, e-commerce and mobile devices, announced today that it has entered into a binding Letter of Intent to merge with privately-held Mullen Technologies, Inc., a Southern California-based electric vehicle company in a stock-for-stock reverse merger in which Mullen’s stockholders will receive the majority of the outstanding stock in the post-merger Company.

Kenes Rakishev, the internationally acknowledged venture capitalist, has joined Top-15 list of the most influential – and rich – businessmen in Kazakhstan. Although It is not the first time he got such nomination. In fact he is residing in Forbes’ Top-20 seven years in a row. He joined the club with his USD 332 million in assets in 2012.

Kenes Rakishev owns Fincraft Investment House, formerly known as BTA Securities and is a major owner of Fincraft Resources with 97,85 percent share. Fincraft Resources is also known under its former name, SAT&Company. By owning the later he owns “Aqtau Bitum”, “Eptic Ferro-nickel”. He owns 18,3 percent share of NASDAQ-listed NetElement. He owns 93,28% of BTA Bank which is active on Ukrainian and Byelorussian markets. BTA Bank was active in Kyrgyzstan and was sold to the interested party in June 2019.

Kenes Rakishev has wide interests in high-tech. His involvement in the most front edge of the IT is well known. He is Sirin investor and founder, security and robotics investor and crypto-enthusiast. He commented on Telegram investment.

Kenes Rakishev: This is a very important question. In a matter of fact, I don’t believe that there will be highly diverse universe of tokens circulating in the foreseeable future. When we hear calls to invest in some currencies we need to know how the system works. Let’s take Coin Market Cap. There are all established crypto’s there and let’s take five with the biggest capitalization.

Kenes Rakishev is known for his charity operations. His charity fund, Saby, is especially active during the COVID-19 pandemic.

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