Hogan Lovells has advised Sberbank on its acquisition of a 25% stake in facial recognition startup VisionLabs. Financial details of the deal, made via Sberbank's Digital Business Development Administration fintech venture fund, were not disclosed.
VisionLabs has a ten-year partnership deal with Equifax in Russia and is used by more than 20 banks to prevent credit fraud.
The Hogan Lovells team included Moscow Office Managing Partner Oxana Balayan and Moscow Counsel Maria Baeva and Associates Olga Khachikyan and Alla Gorbushina, supported by Hogan Lovells Asterdam Corporate Partner Victor de Vlaam and Associate Kai Althaus.
