Wildberries Bank surpasses Yandex and Ozon banks in terms of capital growth

IN in turn, the capital of Yandex Bank with the beginning of 2024 has almost tripled – With 6.2 billion rubles up 17.3 billion rubles, and own funds of the Ozon credit institution -V twice, with 9.7 billion rubles up 19.8 billion rubles, the newspaper writes.

IN In March 2024, Wildberries launched an online lending service for sellers. The loan issuance process is carried out completely remotely and The application can be submitted through your personal account at market.

“This is a popular product among sellers, especially in high season and In order to satisfy our sellers’ requests, we have formed a large stock of capital”, – told Kommersant in companies. They also added that they are considering the possibility of launching new financial products in banking database future.

Ozon Bank explained that the capital increase is due to its active growth and “mainly guaranteed by its profits.” The bank currently offers its B2B and B2C clients a “broad portfolio of financial products” and plans to actively develop its lending business in 2025.

Yandex told the publication that the bank’s additional capitalization is in line with its business development strategy. The company plans rapid growth in the financial technology market and is investing in the development of such technologies, infrastructure, team expansion, marketing and other areas.

IN Wild June Berries and Outdoor advertising operator Russ announced fusion, and V July -Oh creation of the company “RVB”. The market business was transferred to him. V July, and Russian assets -V October. Together, the companies plan to create the “new digital trade platform”, the geography of which should cover Russia, the CIS countries, Asia, Africa, the Middle East, India and China (in total more than 5.8 billion people).