Russian internet investor Finam Capital has announced the acquisition of minority stake in one of Russia’s leading value-added banking companies. The minority stake in Banki.ru gives Finam a Board presence and an opportunity to bring its financial resources to the table in helping establish Banki.ru as a profitable business.
The new funding will allow Banki,ru to continue expand its list of services.
Banki.ru (www.banki.ru)
Banki.ru is a group of internet portals comprised of Banki.ru, Allbanks.ru, Allleasing.ru and Autorenter.ru. Together the portals act as an electronic liaison between financial institutions and their customers, providing information in both directions via its regularly updated database.
Banki.ru’s database includes information regarding credit cards, deposits, mortgages, and loans of various types.
Finam Capital Partners (www.finam.ru)
Moscow-based Finam Capital is Russia’s second-largest private equity investor in the TMT sector, as well as the asset management arm of parent company Finam Group. Since their founding in 2003, Finam has invested in seventeen companies including Badoo.com, Begun and Mamba.
The company’s initial USD 72 million Finam Technology Fund I closed in 2006 and was subsequently offered as an ETF in 2007. Finam Technology Fund II, LP is currently in the first round of fund raising with the goal of focusing on early stage investments and majority acquisitions of established companies.
The company’s 700 employees staff headquarters based in Moscow.
22/07/2010
Central & Eastern Europe, Financial Services, Internet, E-Commerce & E-Services, Investment, Private Equity News, Russia