What We Do
Net Element owns and operates Internet properties that create social and business communities and deploys advanced mobile commerce solutions that facilitate in the moment transactions. Initial target categories for the entertainment and social media assets include motorsports, music, film, and entertainment industries. The mobile commerce efforts are focused in Russia initially where Net Element has already captured significant market share. The company will differentiate in the marketplace through its proprietary IP and diverse platforms that collectively enable services such as mobile commerce and SaaS, rapid development, production and distribution of rich-media, and branded content.
TOTmoney.ru is a mobile payment gateway for Premium SMS and Mobile Commerce in emerging markets. The market is growing rapidly and Net Element is positioned to be a major player. As the mobile commerce market expands we will also be leveraging our development staff and IP to deploy advanced commerce applications.
Net Element launched Music1 in partnership with Igor Krutoy, the premier Russian composer, performer, producer and musical promoter. Music1 Russia anchors Net Element's music1.com platform in Russia and Commonwealth of Independent States (CIS) countries. This platform is localized to Russia and CIS markets, leveraging the digital assets and content of Igor Krutoy and his affiliate companies, which includes the involvement of record label ARS Holding and NewWave International contest.
Komissionka.com is a social commerce application that enables users to buy, sell, barter or trade goods and services using geo-based (or location-based) technologies. The Komissionka application was just introduced to the Russian marketplace on pre-loaded Intel smartphones sold by mobile phone operator MegaFon in the third quarter of 2012.
Yapik.com is an adaptation of Komissionka for the US market. This application will deploy peer-to-peer social engagement and bartering service for targeting college and university students. Yapik is also developing a virtual currency to broaden usage and provide new digital experiences with third party goods and services. Net Element has launched a beta test version of the Yapik mobile application on Android and iOS platforms at Florida International University, University of Florida and University of Miami with plans to launch at up to ten additional universities.
Motorsport.com led by Chairman, Emerson Fittipaldi, is a leading news and information service that distributes content related to the motorsports industry to racing enthusiasts all over the world. The website features a graphic-based interface and is a database-driven site with a multi-channel navigation structure, including, News, Features, Photos, Statistics, Directory, Online Competitions and Forums. In the past decade, motorsport.com has established its reputation as a reliable source of news and content by covering major international racing series and events. Motorsport.com won the American Auto Racing Writers and Broadcasters Association (AARWBA) Award for Best Professional Racing Website for eight straight years (2004 to 2011).
Openfilm.com is an online media company led by Chairman, James Caan, that is deploying tools to create a more social connected community of independent film enthusiasts and filmmakers. Openfilm.com is based on a proprietary video platform and certain know-how and methods that unite elements of the film industry that Net Element believes are of most interest and value to users in a single location. Openfilm derives revenues from license fees, video advertising, video content syndication, display advertising and membership fees, as well as contest entry fees.