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Project Description |
| Project Name |
Moneymail |
| Country |
Russia |
| Territorial Location |
Moscow |
| Sector/Industry |
Elecronic Payment System |
| Investment date |
July 2004 |
| Web |
Moneymail.ru |
| Fund |
Finam Technology I |
| Status |
Holding |
| % Ownership |
25%+1 |
Moneymail commenced in 2004 as an electronic payment system. After Finam’s investment the system was integrated with FINAM Bank, which allowed Moneymail to introduce online banking features into its system. This integration gave Moneymail a serious boost, turnover doubling each year.
All the payments in the system are legal and instant, the user just has to register on the website. Moneymail provides the opportunity to use online shops, pay for cell phone services, pay via credit cards, generate invoices etc. New partners are added to Moneymail network monthly, currently their number exceeds 450. Moneymail helped create one of the most successful projects of Mail.ru Internet holding – money@mail.ru.
The Company did not suffer in the global financial crisis and showed a profit for 1st quarter of 2009.
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