A Money

History

2022: Exit from the capital of "A Money" IFC "Seimer"

On May 27, 2022, the microfinance company Seimer withdrew from the capital of the microcredit company A Money, where it owned a 27% stake. Its share began to own Dmitry Gudzovsky.^[1]

2021: Establishing a company

At the end of December 2021, it became known about the creation by Alfa-Bank of a microcredit company (MCC) "A Money." This is a joint project with IFC Seimer.

According to Interfax, citing data from the SPARK-Interfax analytical system, And Money was registered on December 24, 2021, the company's authorized capital amounted to 300 million rubles. Alfa-Bank's share in it was 73%, Seimer - 27%.

Microcredit companies have the right to raise funds from legal entities and shareholders, but cannot raise funds from individuals who are not founders and issue bonds. In accordance with the law, MCCs cannot issue consumer loans to one borrower for a total amount exceeding 500 thousand rubles.

Alfa-Bank created a microcredit organization "A Money" with an authorized capital of ₽300 million

Earlier in 2021, Alfa-Bank was the first in Russia to automate the work of microfinance organizations with procurement participants. To do this, a super service was launched, with the help of which MFIs can independently create and issue loans, see the status of them, track the course of trading and return funds.

According to Tinkoff, the credit card market in Russia as of July 1 amounted to 1.78 trillion rubles. Since the beginning of the year, the bank portfolio of credit cards has increased by 9.9%, or 161 billion rubles. 20 players account for 98.2% of the portfolio. The top 5 includes Sberbank, Tinkoff Bank, Alfa Bank, Sovcombank and VTB.

Suren Asaturov, deputy director of the ACRA financial institutions ratings group, considers the credit card segment promising for MFIs, but warns of difficulties.

The credit card as a product will surely find its audience among current users of IFC services. The only question is how much it will cost for the client and IFC, how the mechanism for servicing credit cards will be arranged for all parties involved and how understandable the commission costs for holders of such cards will be calculated, he said in a conversation with RBC.[2]

Notes