Zubr Capital has taken on another Internet company
Zubr Capital acquired a minority stake in The myfin Group platform for selecting financial and banking products through the Zubr Capital investment Fund I, according to tut.by.
The exact amount of investment was not disclosed, but it is within the standard framework of the Fund — from 5 to 10 million dollars. The share that the investor received as part of the transaction is a minority. The investment will be used for further technical improvement of the platform and for strengthening the company's position in the Russian and Belarusian markets. The revenue of the Russian business of Myfin Group doubles every year and already accounts for 70% of the total revenue of the entire company.
It is worth noting that this is the fourth deal with an Internet company for Zubr Capital. Earlier, Oleg Khusayenov's company, with the support of the European Bank for reconstruction and development and other investors, invested in av.by, 21vek.by and MediaCube.