Cashoff Cashoff Laboratory

The main area of ​ ​ activity is the development of the Cashoff personal finance management service.

Cashoff implements integration work on the implementation of the Cashoff service in bank infrastructures, complementing remote service channels with PFM functionality:

• bank clients are given the opportunity to manage finances in the Internet bank: budget, goals, cash flow
• the bank is provided with the opportunity to manage personal offers in the Internet bank for the sale of banking products and services

Lab" - created on the basis of an innovation center. Skolkovo The company is a research laboratory, within the framework of which an intelligent system for analyzing the cash flows of bank customers is being developed.

Performance indicators

According to financial indicators, in 2023 the revenue of Cashoff Lab LLC amounted to ₽24,8 million, net profit - ₽6,6 million. Cashoff LLC in the same year received similar revenue, but recorded a net loss of ₽2,1 million. The company has not yet disclosed its financial results for 2024.

History

2025: BCS Holding bought a stake in Cashoff

The financial company BCS Holding became the owner of 40% in the Russian legal entity of the fintech startup Cashoff - Cashoff Lab LLC. The transaction was officially registered on March 12, 2025, which is confirmed by the data of the Unified State Register of Legal Entities (Unified State Register of Legal Entities).

According to Rusbeis, simultaneously with the acquisition of BCS Holding's stake, the shares of the founders of Cashoff changed: Dmitry Gorkov and Mikhail Medvedev decreased from 50% to 30% for each. Earlier, until November 10, 2024, 99% of Cashoff Lab LLC belonged to the Cypriot company T.F.S. Hi-Tech Financial Services, and 1% was directly owned by Dmitry Gorkov.

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Фото: Freepik

At the same time, T.F.S. Hi-Tech Financial Services remains the beneficiary in the second Russian legal entity of Cashoff - Cashoff LLC, where the company retains a 99% stake. The remaining 1% in this structure belongs to Mikhail Medvedev.

Representatives of BCS Holding declined to comment on the deal. A source close to the company explained that BCS and the startup had collaborated before this acquisition.

The founder of the analytical company Dsight Arseny Dabbach noted that investments in fintech solutions have always been the leader in the list of industries in the venture capital market both in the world and in Russia. In his opinion, BCS appreciated the prospects of Cashoff, having worked with the company for a certain time, and now decided to gradually increase its participation. The expert also suggested that the share is quite significant, and did not rule out that as a result, BCS could fully acquire the company.

Fintech startup Cashoff positions itself as an international company. Its structure includes offices in London (the British structure Level39), a strategic center in Hong Kong (Cyberport), as well as research centers in Moscow (Skolkovo) and Yaroslavl.^[1]

2024: Receiving 6.7 million rubles from Skolkovo

Cashback automation technology developer Cashoff Lab has raised 6.7 million rubles in investments. We are talking about a grant issued to the company by the Skolkovo Foundation, his press service said on January 22, 2024.

The Cashoff Lab team intends to spend the funds on improving the cashback calculation automation system in order to further simplify the cashback payment process to users of banking applications and increase the retention rate of bank customers.

Cashoff Lab raised 6.7 million rubles of investments through a grant

Receiving grant support from Skolkovong made it possible to launch the implementation of a significant project for the banking market, - comments the founder and CEO of Cashoff Lab. - Cashoff Lab helps banks implement automatic check loading technology based on data matching from banks and OFDs. At the moment, there are no analogues of this integration, so the widespread adoption of the technology will contribute to increased competition in the banking market, and consumers will be able to gain tangible savings through new digital banking.

It is alleged that the technology developed by Cashoff Lab due to the automatic mode of confirmation of the purchase of promotional goods allows you to exclude fraudulent actions to manually load checks when scanning QR codes. For users, there is an automatic download of a check from any store for a bank transaction.

Skolkovo notes that by January 2024, the Cashoff Lab product had passed all the necessary stages of testing and showed high readiness for practical use in real conditions. Cashoff Lab's customers are more than 50 banks worldwide with more than 100 million customers. The startup is also developing a technology for calculating cashback for purchases of goods of popular global brands.^[2]

Notes