Finam Capital acquired a significant minority stake in Banki.ru, Russia’s largest online financial information provider. The funds will be used to expand the service offerings of Banki.ru. “We’ve been watching Banki.ru for a few years and became convinced about the success of their business model” said Victor Remsha, the Chairman of Finam Group.
Finam Capital, a leading Internet investor in Russia, will receive Board representation and will leverage its financial resources and network to help Banki.ru grow a profitable business. “We are excited about closing the deal with Finam’ said Philippe Ilyin-Adaev”, the founder of Banki.ru. “We value their experience in the Internet space and share their approach to managing growth. Banki.ru will maintain its independent role as a value-added information intermediary between banks and their customers”.
Banki.ru Group includes several successful financial information portals,i.e. banki.ru, allbanks.ru, allleasing.ru and autorenter.ru.
Finam Capital has been active in private equity investment since 2003 and backed 17 companies operating in Russia’s TMT sector. The largest portfolio companies include Begun, context advertising agency, Mamba, the leading online dating site in Russia and Badoo.com, a large international social networking site.