TransparentBusiness SaaS platform was designated by Citigroup as the Top People Management Solution
Created the largest bank in Russia by age of 25 before defecting to the United States in 1992 and starting from scratch.
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Washington Post: National Republican Congressional Committee chose Konanykhin "New York Businessman of the Year"
CNN: Alex Konanykhin controlled Russia's largest commercial bank in the 1990s
Wall Street Journal: Mr. Konanykhin was a whiz-kid physics student who became a pioneering Russian capitalist in early 1990s, building a banking and investment empire valued at an estimated $300 million all by his mid-20s. He was a member of President Boris Yeltsin's inner circle.
The Sun: Alex Konanykhin fled Russia in 1992 and won asylum in the US after the collapse of the Soviet Union. The entrepreneur had set up 100 different companies in Russia and had an estimated net worth of $300million by the time he was 25. He is regarded as one of the first Russian millionaires after the fall of the Iron Curtain. One of the newly open country's leading lights, he even met with US President George HW Bush in 1991 on a joint visit with Russian leader Boris Yeltsin. However, he was then kidnapped in 1992 while visiting Budapest and all of his business assets were seized in Russia. … Being hunted by the Russian state, Konanykhin won asylum in the US in 1997 and set up a new life - but the shadow of the Kremlin continued to loom over him.He went on to rebuild a business empire and set up multimillion dollar firms such as TransparentBusiness in the US.
The Deal: ... a New York-based software startup called TransparentBusiness Inc. has drawn backing from Fortune 500 executives through a relatively new type of securities offering called 506(c) as part of an effort to raise $10 million this year ... Alex Konanykhin, CEO of TransparentBusiness, said he decided to reach out directly to accredited investors by purchasing ads in financial publications. One particularly bold ad includes the figure, 90,000%, with a question mark next to it. Konanykhin said the ad speaks to the large market opportunity for his company's software, which helps governments eliminate fraud by verifying billable hours charged by outside contractors. ... One of the investors, Ken Arredondo, told The Deal he invested in TransparentBusiness and agreed to serve on its board of directors because of the company's strong management team and the huge market opportunity to increase transparency of outsourced contracts worldwide. He believes in the company's product and said it's unique. "It's a Saas-based, easy-to-use tool," he said. "There are a lot of technology players out there that are a lot bigger, but none of them have what they have. There will be competition, but they have the product now. They have first-mover advantage."
The Baltimore Sun: Business whiz kid.
WJLA TV / ABC: Russian Bill Gates.
The Times: By the time he was 25 he was one of the most important figures in post-Communist Russia. But in 1992, while on a business trip to Hungary, Alex Konanykhine was kidnapped.
Forbes: One of the first bankers in Russia, pioneer of business.
Los Angeles Daily Journal: Representing himself through much of the process, Konanykhin managed to convince an immigration judge of an alleged INS and KGB conspiracy and cover-up. Following the court's admonishment, the INS agreed to drop all charges and also pay $100,000..The judge also ordered an investigation of the Justice Department. In separate actions, Konanykhine subsequently won multimillion dollar libel judgments against two Russian newspapers. A $100 million lawsuit against the Justice Department is pending, alleging perjury, fraud, torture and witness tampering by U.S government officers on behalf of the Russian Mafia.
Profit Magazine: Imagine you are a teenage physics genius who quickly amasses a $300 million empire of real estate and banking ventures, has dozens of cars, six hundred employees, several mansions and two hundred bodyguards—but you are nonetheless kidnapped by those you trusted, threatened with torture and death, and have your entire empire stolen from you one dark night in Budapest. You escape with your life by racing through Eastern-block countries and flying to New York on stashed-away passports—only to have the KGB and Russian Mafia hell-bent on your hide and the U.S. government jailing you and conspiring to serve you up into their clutches. All this before your 29th birthday. Sound like a Tom Clancy thriller? No. . . just a slice in the life of Alexander Konanykhine.
Forbes: (by Alex Konanykhin) On Monday, Russia was banned from the 2020 Olympic Games and the 2022 World Cup over its government-engineered doping practices. As a Russian who defected to America almost three decades ago, I feel this event was the predictable outcome of the all-pervasive corrupt practices of the KGB agents who took power in Russia in the 1990s. Russian President Vladimir Putin’s regime relies on Nazi-like propaganda to whip up the idea of Russian superiority, of Russians being a God-chosen master race —humans “with an extra chromosome,” as was famously asserted by Putin’s Minister of Culture, Vladimir Medinsky. Success at the Olympic Games and other important international sports competitions is considered prime evidence of Russian superiority, and so the FSB – the KGB’s successor agency – was ordered to organize an extensive campaign to provide Russian athletes with performance enhancing drugs and then manipulating drug tests to cover them up. The FSB got caught after Russian successes at the 2014 Winter Olympic Games in Sochi, during which it was found to have employed a large-scale urine-switching operation to avoid the detection of its doping operations. Yet the resulting scandal and disqualifications did not dissuade the FSB from continuing its efforts to win international competitions through corrupt methods, as abandoning the myth of national superiority would constitute a mortal threat to Putin's regime. Today's disqualification will be presented in Russia as the result of fear felt by the USA and other countries, whose inferior athletes cannot compete with Russians in fair competition. Such blatant lies cannot last indefinitely. The collapse of the Soviet Union is a prime example of an implosion of a lies-based society, but it also shows that propaganda can prop up a totalitarian regime for decades—long enough to keep Putin on the throne for the rest of his life. We can only hope that, in the meantime, the wars started by Russia to scratch its imperial itch don’t escalate to global conflicts.