Yandex.Market launched lending through Tinkoff

Yandex.Market has launched a lending service for its customers. The first partner of the service was Tinkoff, although Market already has access to its own banking license.

You can apply for a loan in the amount of 3,000 to 200,000 rubles and for a period of three to 24 months. The rate starts from 18% per annum and depends on the chosen term.

• Yandex has repeatedly spoken about plans to develop its own fintech direction. In September 2020, the company reached a preliminary agreement to purchase Tinkoff Bank for $5.5 billion. But already in October the deal fell apart : the parties could not agree on the parameters of the business combination, after which they exchanged critical comments.
• In April 2021, Yandex officially announced the purchase of Akropol Bank for 1.1 billion rubles from Evgeny Davydovich, CEO of the Svyaznoy group. The bank was bought for the sake of a universal banking license, on the basis of which the company could develop its own financial services.

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Yandex is not the only Internet company that has recently acquired a banking license. In February, Tatyana Bakalchuk, the founder of the Wildberries online retailer, made a similar deal. She acquired 100% of the shares of a small bank "Standard Credit" (capital - just over 302 million rubles). the purchase of the bank : the company entered into an agreement with Sovcombank to purchase Oney Bank for 615 million rubles. announced At the beginning , Ozon

Since July, the Central Bank has raised the premiums on risk ratios on unsecured consumer loans to pre-crisis levels, and later allowed tighter regulation from October to stop the "overheating" in the lending market.