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“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 as a Distinguished Global Investor and Entrepreneur

International investor Oleg Boyko has over 40 years of hands-on global entrepreneurial experience in a wide range of industries, including banking, digital financial services, retail, entertainment, technology, and telecommunications.

Globally, Boyko is a well-respected entrepreneur. He founded Finstar Financial Group in 1996 with a group of investors, focusing on managing and consulting for a diversified portfolio of companies and assets. These companies primarily operate in Europe, Asia, and the CIS region.

Finstar has extensive experience in launching new projects in developing markets, restructuring existing companies to enhance competitiveness, forming new partnerships, engaging in M&A deals, and building greenfield startups.

Most recently, Oleg Boyko expanded and strengthened his business portfolio, particularly in technology-based, data-driven alternative financial services and the banking sector.

He believes that changes in consumer behavior, advances in cloud technology, the growing power of mobile devices, and the rise of data science are challenging the traditional banking models.

As a forward-thinking entrepreneur, Boyko has focused his investments on revolutionary fintech solutions with a vision to create a global leader in digital finance, aimed to help the billions of people who are underbanked and underserved by traditional financial services.

Oleg Boyko’s Focus on Fintech and Data-Driven Investments

Oleg Boyko describes Finstar’s mission in fintech and data-driven investments as leveraging cutting-edge technology and data science to foster global financial inclusion. His focus is on providing innovative financial products and services to those underserved by traditional institutions, with the long-term goal of building lasting relationships that support customers' financial futures.

Boyko considers fintech the “largest blue ocean opportunity,” noting that the industry presents unique potential due to minimal competition. As outlined in Finextra, Boyko highlights that there are no other commercial sectors with such a lack of viable competition. By focusing on strategic investments, he intends to create a comprehensive system that addresses the needs of individuals traditionally underbanked and underserved by conventional financial institutions.

“Having a robust portfolio of startups that tackle the same problem from different angles should significantly strengthen our investment strategy,” Boyko stated in his interview with FStech.

Currently, Boyko dedicates significant effort to expanding Finstar’s operations and developing its portfolio through alternative finance and fintech investments, with a view to further strengthen its already substantial commercial volumes.

Oleg Boyko’s Commitment to Paralympic Support Initiatives

Oleg Boyko is a dedicated supporter and advocate of the Paralympic movement. In 2006, during the Torino Paralympic Winter Games, he founded the PARASPORT Foundation, which focuses on funding Paralympic teams, organizing charitable events, and fostering an inclusive environment for people with disabilities.

Celebrating its 10th anniversary in 2016, the Foundation expanded its reach into Asia, providing financial and emotional support to Para athletes worldwide. Beyond funding, PARASPORT is committed to rehabilitation, social adaptation, and promoting a positive and inclusive image of people with disabilities.

Since 2015, Boyko has been a member of the Development Committee of the International Wheelchair and Amputee Sports Federation (IWAS), a founding organization of the Paralympic movement, with a mission to create sporting opportunities for athletes to maximize their potential.

Oleg Boyko’s Expertise in Banking

Oleg Boyko is well-versed in the financial world of banking. Among his various business ventures, banking remains one of his primary areas of expertise. As an international businessman, he achieved early success by purchasing a controlling stake in the Latvian commercial bank, Baltic Trust Bank, through his private equity firm, Finstar. After significantly developing the bank's operations, he sold the stake to General Electric’s banking and finance division, GE Capital. Prior to that, he also founded the National Credit Bank, which he eventually sold.

In addition, Boyko has served on the boards of various national and international banks. His banking expertise uniquely positions him to understand the challenges faced by underbanked and underserved individuals, enabling him to provide targeted, innovative, and practical solutions through the investment and development of alternative digital financial platforms.

In his interview with FStech, Oleg Boyko states, “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, artificial intelligence, and new technological platforms.”

Boyko also believes partnerships between fintechs and banks will bring strategic value to both parties. He emphasizes that collaboration will add value, insight, and management proficiency.

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