“Let’s clarify exactly what business ideas
are. There are ideas for making money, ideas for creatively improving
existing business, and brand-new business ideas. In my opinion, to make
big money, you need to do what everyone else has done before you, but
do it better than everyone else. All money-making ideas do not concern
the question, “What should I do?” but rather, “How should I do it?” -
that is, the implementation process.”
Oleg Boyko Is A Distinguished Businessman
Oleg Boyko has over 30 years of first-hand
entrepreneurial business experience in a wide range of industries,
including in the banking, digital financial services, retail,
entertainment, technology, and telecommunications sectors.
Mr. Boyko is a well-respected businessman globally and
Financial Group in 1996, focusing on diversified global private equity.
The Group’s main operations are in Europe, Asia and the CIS region.
Over the years, Oleg Boyko expanded and strengthened his business
portfolio, particularly in financial services and the banking sectors.
More recently, as a thought-leading businessman, Mr. Boyko has also
been focussing investments towards revolutionary Fintech solutions,
with a vision to create a global leader in technology-based,
data-driven alternative financing, and helping the billions of people
that are unbanked and underserved by the traditional financial services
Oleg Boyko’s Fintech-Driven Investments
Oleg Boyko describes Finstar`s Fintech-driven investment
mission as “leveraging deep technology and data science to enable
global financial inclusion and deliver compelling financial products
and services to customers currently underserved by traditional
The overarching objective is to build long-term relationships with the
customers, serving not only their needs of today, but also helping them
to build a solid financial future for tomorrow.
As a global investor, Mr.
Boyko calls the Fintech industry in
particular “the largest blue ocean opportunity in the world”.
emphasizes that there are no other commercial sectors that have no
Focussing on smart investments, he intends to form a correct mosaic –
to create a system that works to serve the needs of individuals that
are traditionally underbanked and underserved by financial
“Having a robust war chest of startups in our portfolio that tackle the
same problem from different angles should greatly support our
(investment) strategy,” (Read more about Oleg Boyko’s interview with FS
At the moment, Mr. Boyko is dedicating his time and energy to expanding
Finstar’s operations and portfolio through new Fintech investments, in
addition to its current significant commercial volumes.
Oleg Boyko’s Paralympic Support Initiatives
Oleg Boyko is a staunch Paralympic supporter, promoter and advocate. He
founded the PARASPORT
Foundation during the 2006 Torino Paralympic Winter Games.
The foundation focuses on providing funding for Paralympic teams,
assists with the organization of charitable events and aims to
stimulate a climate of non-discrimination and equal opportunity for
In 2016 the
Foundation marked its 10th anniversary with charity
activities and expansions into new geographical regions throughout
According to Mr. Boyko, over the years the PARASPORT Foundation helped
Para athletes around the world to achieve their dreams by supporting
them financially and emotionally.
The PARASPORT Foundation remains committed to its core principles of
not only providing financial support, but also helping with vital
rehabilitation and social adaptation. In addition, the Foundation seeks
to promote a positive and inclusive image of people with disabilities
and further develop the Paralympic movement’s influence.
Oleg Boyko Is A Banking Expert
Oleg Boyko is well versed in the financial world of Banking, and apart
from all the other business sectors his involved in, banking is one of
his main areas of expertise and in which he saw a lot of early success.
Mr. Boyko purchased a controlling stake in Latvian commercial bank,
Baltic Trust Bank through his private equity investment firm, Finstar.
After further development of the bank’s operations, Boyko
controlling stake to General Electric’s banking and finance arm, GE
Earlier on, he also started the National
Credit Bank from the ground
up, which he later sold.
In addition, Mr. Boyko served on the boards of various other national
and international banks.
It is his expertise in banking that puts him in the perfect position to
understand the plight of those individuals that are underbanked and
underserved by traditional financial services, and enables him to
provide targeted, innovative and practical solutions through the
investment and advancement of alternative digital financial platforms.
“Finstar aims to create a system that enables us to render financial
services to these underserved segments. Essentially, we are creating
next-generation financial intermediaries using cutting-edge Big Data
and artificial intelligence, as well as new technological platforms.
FinTech will, to a large extent, replace today’s banking institutions
on some level.”