Banking , M&A Deals 02:01 pm
Tinkoff Group, the leading online provider of financial and lifestyle services, has announced its acquisition of a majority stake in Beskontakt LLC, the developer of Koshelek digital wallet, an aggregator of banking cards and retail loyalty programs. The Koshelek app is a leader in its field, reporting the highest number of users of any app in Russia and the CIS. The deal was closed on 29 April 2021 and the transaction terms are to remain confidential.
The Koshelek app is a digital wallet and Russia s only mobile app for aggregating bank cards, loyalty and discount cards, and coupons. At present, it has digitized over 300 million cards and has a user base that exceeds 20 million.