CarCraft

CarCraft is a Russian auto business financing service. The car drain financing platform for car dealerships carries out a full cycle of evaluation and scoring of the dealer and car, placing pledges in the register, as well as monitoring pledges and repayment of tranches. During its existence, CarCraft issued credit tranches worth more than 10.5 billion rubles (by September 2021).

History

2023: Former Rolf top manager Boris Belenky bought 11.9% in CarCraft fintech service

At the end of August 2023, it became known about the sale of 11.9% of CarCraft to Boris Belenky, former director of development of the business of used cars at Rolf. The corresponding entry is entered in the Unified State Register of Legal Entities (USRUL). Its participants did not disclose the financial and other parameters of the transaction.

According to the Russian Venture Telegram channel, the deal became a partial exit for Anastasia Strutinskaya, whose share in the company decreased from 27.75% to 20.57%, and former First Vice President of Gazprombank Daniel Zelensky, who now owns 7.22% instead of 13%. Also, according to data from the Rusprofile website, the share of the startup co-founder Timur Rodionov, who owns 36.51% by the end of August 2023 instead of 49.25%, has decreased. The share of another fund Boris Dmitriev, on the contrary, increased from 10% to 23.81%.

Boris Belenky

CarCraft positions itself as the first service in the Russian Federation to finance car runoff for car dealerships. Through the service, car dealers can receive quick financing from various sources (banks, microcredit companies, private investments). By the end of August 2023, CarCraft partners are 10 banks and more than 500 car dealerships, and the number of financial transactions per month exceeds 9 billion rubles.

We highly appreciate the prospects for the development of payment services. The feedback from dealers that we receive suggests that in their current business processes (before the launch of Motorway Pay), settlement with car sellers requires a large number of manual labor-intensive operations. Our platform allows you to radically simplify this process, and make it easy and transparent for both the dealer and the owner of the car, "said Harry Jones, co-founder and chief product officer of CarCraft at the end of June 2023.[1]

2021: Former First Vice President of Gazprombank Daniel Zelensky bought 13% of CarCraft

Logo in 2021

On September 10, 2021, it became known that the former vice president of Gazprombank and the ex-head of the United Credit Bureau Daniel Zelensky invested in CarCraft. The entrepreneur received 13% in the project, this share was sold by private investor Dmitry Potapov.

The financial terms of the agreement were not disclosed. Potapov, in a conversation with Interfax, only said that the estimated cost of CarCraft is now higher than in 2018, when he acquired 16% in CarCraft when evaluating the startup at 110 million rubles.

Former First Vice President of Gazprombank Daniel Zelensky acquired 13% of CarCraft

Another 3% was bought by the majority owner of the company Timur Rodionov, bringing his share to 49.25%. The second largest package (27.75%), according to the SPARK-Interfax"" system, belongs to the chairman of the board of directors and a minority shareholder, Modulbank Artem Verba 10% from the general director and co-founder of CarCraft Boris Dmitriev.

In many foreign countries, car dealers can receive quick funding in several directions at once, and in Russia such a practice is not yet so widespread, although the service is quite in demand, said Pavel Sigal, First Vice President of Opora Rossii.

After the COVID-19 pandemic, the population began to actively purchase cars, at the moment a situation has even formed on the market, close to a shortage. Own transport allows citizens to be more mobile, visit other regions, use public transport less, reducing the risk of infection. Therefore, car dealers need more borrowed funds to work, the expert concluded.[2]

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