eCredit

eCredit is an online platform that helps dealers sell cars on credit. According to the creators of the project, it allows you to quickly obtain bank approval, draw up a loan transaction and control all key performance indicators.

eCredit collects all available offers on car loans and insurance on one platform. This makes it easier for dealers who do not need to look for offers in all banks - they can choose the most optimal options through eCredit and offer the client. By April 2021, 8 car brands and more than 1,500 car dealers are cooperating with the service. Among the partners of eCredit are more than 25 banks and 15 insurance companies and service providers.

History

2021: Yandex bought 25% in eCredit

On April 9, 2021, Yandex announced its investment in the eCredit service. The financial component of the transaction was not disclosed, but the share in the project received by Yandex was named - 25%.

As Forbes was told in Yandex, eCredit will remain an independent company and will continue to develop independently, and Yandex will not influence operational solutions and platform operation. Companies do not plan to exchange user data, except for the information that they themselves will indicate, for example, in the application for the calculation of insurance.

ECredit investments attracted from Yandex intend to spend on expansion in the regions and the development of insurance products. The service plans to integrate its technologies into Авто.ру. Yandex is not going to issue loans on its own.

Yandex acquired 25% in eCredit

According to the founder and head of the eCredit project Kirill Larin, the service earns on license payments.

Our customers pay to use the platform. We are not a broker and have nothing to do with loans issued or insurance sold, "he said in a conversation with Forbes.[1]

Notes