Jetlend

Jetlend (Jetland LLC) is a Russian crowdlanding platform through which private investors lend to small and medium-sized businesses. The minimum investment amount is 30 thousand rubles. According to the service's own data, the weighted average investor yield is 21.1%. The company offers financing at rates from 16% to 33% per annum for up to 12 months in the amount of up to 3 million rubles.

JetLend was created in 2018 by Roman Khoroshev and Evgeny Uskov, immigrants from Sberbank, as well as Mikhail Nikultsev, who previously worked at Oliver Wyman. The company is a resident of the Skolkovo Innovation Center.

History

2025

IPO held on the St. Petersburg Stock Exchange with earnings of 480 million rubles

In March 2025, JetLand Holding held an initial public offering on the St. Petersburg Stock Exchange and earned ₽476 million. Market capitalization at the end of the IPO reached ₽6,3 billion. JetLend became the first Russian crowdlanding platform to be placed on the public market, reflecting the growing interest of investors in the fintech sector.

According to Interfax, the volume of additional issue for the IPO was 10 million shares. Based on the offering price (₽60 per share) and the announced volume of attraction, the company placed slightly less than 80% of the issue - 7.93 million shares. The share of free-float shares will be about 7.6% of the total number of securities.

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Фото: Freepik

Representatives of the company explained that an additional issue of shares was made with a significant margin, since a high preliminary interest in the placement was recorded, but it was not possible to accurately predict the final parameters of the IPO. That is why the statement of intention to conduct an IPO mentioned that the volume of sales on an additional issue could reach up to ₽650 million.

It is important to note that the key shareholders and founders of the platform, Roman Khoroshev and Evgeny Uskov, did not sell their shares during the IPO, although such an opportunity was provided. They will retain operational control over the company.

Retail investors, clients of JetLend platform, institutional investors and anchor investors-legal entities, which covered more than half of the collected demand, appeared in the structure of JetLand Holding shareholders following the IPO.^[1]

IPO announcement

On February 25, 2025, the Russian crowdlanding platform JetLend announced its intention to conduct an initial public offering of ordinary shares (IPO) with a listing on the St. Petersburg Stock Exchange. The funds attracted during the procedure will speed up the development of the platform, as well as expand the set of services.

During the IPO, the vast majority of the offer is expected to be shares issued as part of an additional issue. In addition, the founders and minority shareholders of the company, if necessary, will be able to increase the size of the offer due to a part of the securities they own. This will create additional liquidity for shares in the secondary market and optimize allocation to investors. Following the IPO, JetLend's founders will retain a predominant stake in the organization and continue to manage the platform to implement a long-term development strategy in the growing crowdlanding market.

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Фото: Freepik

JetLend may become the first public company among Russian representatives of the crowdlanding industry. According to the results of the IPO, the share of the company's shares in free float (free-float), taking into account the additional issue and offer of existing holders of securities, may amount to more than 10%.

JetLend said in a statement that the money received will be used to finance a further growth strategy that includes scaling the business and building up the user base, technological development of functionality and key services, expanding the range, developing new products, as well as entering new market segments. In addition, the IPO is expected to allow the implementation of a long-term employee motivation program, as well as increase the recognition of JetLend among potential partners and customers. The date of the listing and the start of trading in shares on the St. Petersburg Stock Exchange is March 2025.^[2]

2020: Attracting 37.5 million rubles of investments

On November 11, 2020, Jetlend announced the attraction of 37.5 million rubles of investments. Graduates of the Skolkovo business school Dmitry Shklyar and Andrei Chernetsov invested in the startup, who received 19.8% of the company in total. 60.51% of Jetlend will remain with the founders Roman Khoroshev and Yevgeny Uskov, the rest will be distributed among 6 minority investors.

This is not the first investment for Jetlend in 2020. In April, the company attracted 5 million rubles from the following private investors: Dmitry Movchan (5.10%), Yegor Korotkov (10.19%), Maxim Verzhak (4.23%). Also, shares in the company were received by project employees - marketing director Taras Cherevko (6%) and underwriter Yaroslav Yezhov (1%). Earlier, Dmitry Movchan, Yegor Korotkov, Maxim Verzhak and Igor Nikolaev (2.9%) invested 13 million rubles in the startup.

Russian crowdland platform Jetlend attracted 37.5 million rubles of investment

From the beginning of 2020, by November, Jetlend increased the number of borrowers by 3.5 times - to 10.5 thousand. The amount of loans issued increased 4 times and reached 185 million rubles. The number of individual investors, despite the COVID-19 coronavirus pandemic, has almost doubled since the beginning to 2,746.

Investor Dmitry Shklyar considers crowdlanding to be a profitable tool for investors and a quick way to raise funds for business. It expects 10 times the growth of the market within three years.^[3]

Notes