Happylend Happy. Credit Resolution Territory (formerly 7Seconds)

IFC Happy Company. The territory of Credit Solutions., "or Happylend (formerly IFC Seven Seconds Pei, 7Seconds), is focused on creating financial products that simplify the process of obtaining installments, loans or loans.

History

2021: Acquisition by Mandarin

Payment platform for online business Mandarin completed a deal to buy credit broker HappyLend, buying out a 100% stake. This became known on August 17, 2021.

HappyLend - a player in the consumer lending market. As a result of the transaction, its services and technologies will be are integrated included in the LIFE installment platform from Mandarin. This will double the portfolio of companies using Mandarin installment products. Now it will include more than 700 customers, including,, online stores LG, Acer Lenovo educational platforms,, and GeekBrains GetCourse sports medical Fitness Holding networks, Neophyte, etc. Mother and Child

As a result of the transaction, Mandarin will be able to significantly increase the growth rate of its own credit platform, which is a priority in the company's strategy. According to Mandarin forecasts, in the first year after the merger, LIFE will occupy at least 1% of the POS lending market in Russia with multiple growth potential not only in the domestic but also in the international markets.

The total base of buyers will also increase: their number will exceed 40 thousand people and will actively grow in the coming years. The quality of customer service will increase, in particular, the level of approval of installments, depending on the number of creditors available to consumers: there will be more than 15 on the combined platform, including such market representatives as OTP Bank, Post Bank, Vostochny Bank, Credit Europe Bank and others.

As of August 2021, the maximum installment check received through our platform is 100 thousand rubles, the term is 15 months. As a result of the transaction, we will expand the product line for customers, increase checks to 750 thousand rubles, and terms - to 36 months. Registration will be available to customers both online and with the signing of documents, "said Alexey Tolstik, CEO Mandarin. - The mission of our installment platform is to make customers' lives brighter. That is, to make important, but expensive purchases available to everyone. Previously, we worked with a fairly limited list of industries: education, sports and a little travel segment. HappyLend traditionally concentrated on retail online and offline trade, medicine, education. After the transaction, our buyers will have access to a much larger set of goods and services. This is important, because unlike other market players, we are not just a credit broker. Mandarin as an aggregator serves customers under its brand, including offering customers to shop in stores connected to the platform.

Over the years of work in the HappyLend, we built a brokerage service demanded by the business. Thanks to the large choice of creditors, transparent, simple and fast design, hundreds of companies have already used the HappyLend to provide installments to their customers for more than $20 million. Our entire team is optimistic about the future in order to implement Mandarin's long-term strategy in the POS lending market, "says Alexander Shubin, executive director[1] HappyLend[2].

2017

On July 7, 2017, 7Seconds announced the integration of FindFace technology from NtechLab into its eponymous platform. The biometric solution will FindFace be used to prevent fraud in online purchases, as well as identify individuals who plan to take out a loan. Read more about this here.

In July 2017, 7Seconds announced that it was actively negotiating with insurance companies so that insurance products could also be bought online.

As of February 2017, the partners of 7Seconds (IFC Seven Seconds Pei LLC) are banks and microcredit organizations. Among the clients are electronic retail chains, online stores of sports goods, products for children, aesthetic surgery clinics, jewelry chains, etc.